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.



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs