Wisconsin utilities file for transmission cost recovery

MILWAUKEE, Wis., September 19, 2001 – Four of the state’s investor-owned utilities, including Wisconsin Electric, are asking the Public Service Commission of Wisconsin (PSCW) to recover costs associated with the formation and operation of the American Transmission Company (ATC), which was designed to enhance transmission access and increase reliability and market efficiency.

The utilities also are seeking recovery for 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 Wisconsin Electric.

MISO is a developing entity 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 is expected to commence operations in December of this year.

Wisconsin Electric is requesting $58.8 million in rate relief. This is equivalent to a 2.8% increase in customer bills or $1.26 per month for a customer consuming 500 kWh/month.

The formation of the ATC and MISO is expected to eliminate multiple, overlapping rates between transmission systems, expand the regional transmission system and generation market and create a more reliable transmission system for Wisconsin customers.

Wisconsin Electric-Wisconsin Gas, the principal utility subsidiary of Wisconsin Energy Corp. (NYSE: WEC), serves more than one million electric customers and more than 960,000 natural gas customers throughout Wisconsin and Michigan’s Upper Peninsula. Visit our company’s Web site at www.WE-WG.com. Learn about Wisconsin Energy Corp. by visiting www.WisconsinEnergy.com

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