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Wisconsin Power to buy 300 MW peaking unit

16 April 2007 — Wisconsin Power and Light plans to pay $94 million to buy the Neenah Generating Facility, a seven-year-old, 300 MW simple cycle gas-fired electric generating facility to replace output currently under a purchased power agreement with Calpine’s RockGen Facility. The purchase price equals around $313 a kilowatt.

The Neenah Generating Facility is currently owned by Alliant Energy Resources, a non-regulated affiliate of WP&L. WP&L plans to purchase the facility for the plant’s net book value. The purchase is expected to occur in 2008.