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WPL to increase ownership stake in Wis. coal facility

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WPL to increase ownership stake in Wis. coal facility

Wisconsin Power and Light Co. is seeking FERC approval to increase its ownership interests in the 1,112-MW Columbia coal-fired facility in Pardeeville, Wis.

The Alliant Energy Corp. subsidiary will gradually acquire over four years approximately 47 MW from Wisconsin Public Service Corp. and about 33 MW from Madison Gas and Electric Co., according to a Dec. 13 application to FERC. Wisconsin Power and Light's co-owners in the coal facility agreed to transfer portions of their ownership interests in exchange for a cut in their existing capital expenditure obligations.

The plant has two units, both operating since the mid-1970s. According to S&P Global Market Intelligence data, ownership is currently shared 46.2% by Wisconsin Power and Light, 31.8% by Wisconsin Public Service and 22% by Madison Gas and Electric. The transaction set for completion Jan. 1, 2017.

Wisconsin Public Service is a subsidiary of WEC Energy Group Inc., and Madison Gas and Electric is owned by MGE Energy Inc. (FERC docket EC17-47)