Alliant Energy reaches agreement on new power plant

Alliant Energy Corp. has landed the support of two other Wisconsin utilities for its plan to build a power plant next to the existing Riverside generator near Beloit, the Wisconsin State Journal reports.

Milwaukee-based We Energies, and Wisconsin Public Service Corp. (WPS), headquartered in Green Bay, previously attempted to block Madison-based Alliant’s proposal to build a $700 million, 650-megawatt, natural gas-fueled power plant on the grounds that enough energy was already being produced in the state.

The dispute was settled when We Energies and WPS, which are owned by the same parent company, agreed to work with Alliant on power generation projects over the next 10 to 14 years.

According to the State Journal, the agreement “also lets WPS opt out of paying for any more pollution control projects at the Columbia power plant near Portage between now and 2020, with the caveat that if there are other projects and WPS does not contribute, Alliant will increase its ownership share.” All three utility companies share ownership of the coal-fired Columbia power plant.

State regulators are expected to vote on the project in spring 2016.