November 5, 2020 Read More →

Wisconsin utility to close four unit, 1,135MW Oak Creek coal-fired station by 2024

Milwaukee Business Journal:

We Energies will retire the oldest part of its coal-fired power plant complex in Oak Creek in 2023 and 2024 as its parent company shifts to more efficient power generation, including renewables, as part of its largest-ever capital projects outlay of $16 billion.

The retirements will not include the Elm Road Generating Station in Oak Creek, which was part of the $7 billion Power the Future initiative completed a decade ago.

We Energies parent company WEC Energy Corp. of Milwaukee previously indicated plans to retire some of its less-efficient coal-fired plants but didn’t specify the locations. The company’s executive chairman Gale Klappa said in August the company likely would close plants that are “on the bubble economically” and whose shutdowns would improve the environment.

During a Tuesday conference call with investment analysts, Klappa referred to the five-year capital-spending plan including “some unit retirements in 2023 and 2024.” In response to a question from the Milwaukee Business Journal, company spokesman Brendan Conway Wednesday disclosed that will include units at the Oak Creek Power Plant.

The company also will retire natural gas-powered units in Weston and Marinette as early as 2023, Conway said.

The older Oak Creek units were constructed in stages that started in 1959 and ended in 1967. The units have a combined net generating capacity of 1,135 megawatts.

[Rich Kirchen]

More: We Energies will retire the oldest of its Oak Creek power plants by 2024

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