MILWAUKEE, Oct. 23, 2002 — The Public Service Commission of Wisconsin (PSCW) has approved We Energies’ request to recover incremental transmission costs associated with the formation and operation of American Transmission Company (ATC), which was designed to enhance transmission access to cheaper generation and increase reliability and market efficiency.
The utilities are also recovering associated incremental transmission costs of the Midwest Independent System Operator (MISO).
“Reliability 2000” — formally titled 1999 Wisconsin Act 9 — encouraged utilities in the state to transfer ownership and control of their transmission assets to a transmission company. ATC began operations on Jan. 1, 2001, and at that time became owner of transmission systems contributed by electric utilities serving eastern and southern Wisconsin and the Upper Peninsula of Michigan, including We Energies.
MISO is the organization that will monitor and control electric transmission throughout the Midwest. Its purpose is to provide enhanced reliability of the electric transmission system and ensure a more coordinated regional planning effort. MISO commenced operations in February 2002.
The formation of ATC and MISO is expected to eliminate multiple, overlapping rates between transmission systems, expand the regional transmission system and create a more reliable transmission system for Wisconsin customers.
The PSCW issued its order today, which approved an increase of $48.1 million for We Energies. The typical residential customer, who consumes 500 kWh/month, will see an increase of $1.03, or 2.3%, as a separate charge on their bill.
We Energies, the principal utility subsidiary of Wisconsin Energy Corp. (NYSE: WEC – News), serves more than one million electric customers and more than 970,000 natural gas customers throughout Wisconsin and Michigan’s Upper Peninsula. Visit the company’s Web site at www.we-energies.com . Learn about Wisconsin Energy Corp. by visiting www.WisconsinEnergy.com .
Source: We Energies