We Energies finalizes sale of its coal-fired Edgewater Unit 5 stake for nearly $38MM

Source: We Energies

Wisconsin Electric Power Company, d/b/a We Energies, has closed on the sale of its 25 percent ownership interest in the Edgewater Generating Station Unit 5 to Wisconsin Power and Light Company, a subsidiary of Alliant Energy Corporation. Wisconsin Power and Light now owns 100 percent of Edgewater Generating Station Unit 5, which is located in Sheboygan, Wis. 

The closing price was approximately $38 million, which is the net book value of the plant and the related working capital. Wisconsin Power and Light's purchase of full ownership interest in Edgewater Generating Station Unit 5 adds about 95 megawatts to that company's generating portfolio.

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