Alliant Energy's plans to build a combined cycle natural gas-fueled generating facility near Beloit, Wis. took a major step forward as the company reached settlement with two key intervenors in the case, We Energies and Wisconsin Public Service Corp.
Alliant Energy is the parent company of two public utility companies — Interstate Power and Light Co. and Wisconsin Power and Light Co.
The agreement creates mutual opportunities for the parties to invest in joint-ownership generation projects, and contemplates a joint-development agreement for renewable resources, among other items. Alliant Energy has filed the agreement on the Public Service Commission of Wisconsin's website in docket no. 6680-CE-176.
"We've been able to work cooperatively with our neighboring utilities to find a solution that makes sense for energy customers across Wisconsin," said Patricia Kampling, Alliant Energy Chairman, President and CEO. "Along with the modernized Riverside Energy Center, we believe this agreement will help control energy costs for Wisconsin customers for years to come."
Alliant Energy filed for regulatory approval of the proposed 650 MW natural gas-fueled plant with the PSCW in May 2015. Technical hearings before the PSCW are slated to begin on December 21, 2015.
Alliant Energy Corporation's Wisconsin utility unit, Wisconsin Power and Light Co., uses the trade name of Alliant Energy.