Wisconsin Public Service Corp. to Propose Electric Generation Spinoff

GREEN BAY, WI-Wisconsin Public Service Corp., a subsidiary of WPS Resources Corp., will soon make a proposal to transfer its wholly-owned electric generating assets to a separate nonregulated subsidiary. The company said the move will keep customer bills low and to help level the playing field in the energy industry.

Wisconsin Public Service Corp. expects to submit its proposal to the Public Service Commission of Wisconsin (PSCW) in August.

Customers will be protected because the proposal calls for long-term contracts back to the utility assuring customers of continuing service and service levels, and rate protection, according to Larry Weyers, Public Service Chairman and CEO. Other benefits of the proposal are that it will help to promote a competitive electric generation market by encouraging independent power producers to enter the market in Wisconsin. "There are some real benefits increased competition can bring to customers in the form of low rates and increased reliability," said Weyers.

Weyers said that it's time to begin changing the energy industry in Wisconsin. He noted the relatively low electricity rates paid by customers in the state are "a double-edged sword." The PSCW has done a good job, he said, of regulating the utilities to ensure low rates. However, since rates are low there has been no rush to prepare the state's energy companies for competition from out-of-state companies.

Noting that the energy industry across the nation is on its way to becoming dominated by a few large companies, Weyers said that state energy companies should welcome the proposal. "In moving toward a competitive environment, other states have forced their utilities to sell off the generation component," said Weyers. "Those plants get bought up by the big national companies. If that happens here, I don't see how Wisconsin energy companies can survive as anything more than bit players in the new industry."

A weakened state energy industry isn't good for the economy, the individual businesses, or customers, Weyers said. "Losing the electric generation business to out-of-state companies is going to result in a loss of high-paying jobs in Wisconsin and, maybe, higher rates," he said. "Adopting this proposal will keep rates low and help Wisconsin companies thrive."

Sponsored by FLSmidth

Related Articles

Wisconsin utilities settle with EPA over coal fired units

The U.S. Environmental Protection Agency (EPA), the Department of Justice and the U.S. Attorney’s Office for the Western District of Wisconsin settled with Wisconsin Power and Light Co. (WPL) to reduce emissions from three coal-fired power plants in the state.

Wisconsin Energy buys NextEra wind farm

Wisconsin Energy Corp. has agreed to buy a 30 MW Dodgeville, Wisc.-area wind farm for $27 million.

Follow Power Engineering on Twitter
Latest News

NuScale completes upper module mockup of small nuclear reactor

NuScale Power LLC said it completed fabrication and assembly of a full-scale, upper module mo...

Farley nuclear power plant goes offline for scheduled outage

Workers at the Farley nuclear power plant in Alabama took Unit 1 offline for a scheduled refu...

GE Hitachi Nuclear Energy dedicates reactor training area

GE Hitachi Nuclear Energy (GEH) dedicated its new boiling water reactor under-vessel training...

Shell Chemical nears air permit for 250-MW power project in Pennsylvania

Shell Chemical Appalachia LLC is close to an air permit from the Pennsylvania Department of E...

NRG seeks Texas approval to buy power plant being moved from Mississippi

NRG Texas Power LLC applied March 27 at the Public Utility Commission of Texas for approval o...

VIDEO: One nuclear power steam generator’s trip to the Summer plant site

New video from Westinghouse Electric shows the journey the one steam generator took from the ...

Nation's biggest nuclear firm makes a play for green money

A big player in the troubled nuclear power industry is trying to change the rules of the ener...

Emerson awarded $76mn ultrasupercritical coal-fired automation project

Emerson Process Management, a subsidiary of Emerson (NYSE: EMR), was awarded a $76 million co...

Power Engineering Current Issue

03/01/2014
Volume 118, Issue 3
1403PE-cover
Products Showcase
Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013

Power Industry Wire News

Yuma Energy, Inc. Announces 2014 Financial Results and Provides an Operational Overview

Yuma Energy, Inc. Announces 2014 Financial Results and Provides an Operational Overview

DEKRA to Present New Algorithm for Faster and More Reliable Advanced Driver Assistance Systems at SAE 2015 World Congress

DEKRA to Present New Algorithm for Faster and More Reliable Advanced Driver Assistance ...

Dozens of Local Companies to Participate at Converters Expo in the Heart of Green Bay

Dozens of Local Companies to Participate at Converters Expo in the Heart of Green Bay

Clear Measure Names Chief Architect, Hires Principal Software Engineers

Clear Measure Names Chief Architect, Hires Principal Software Engineers

Save the Date: 8th Annual Whale Shark Festival Announced for Isla Mujeres

Save the Date: 8th Annual Whale Shark Festival Announced for Isla Mujeres

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>