CleanTechnica•13 days ago
Sierra Club Wisconsin Slams We Energies for Rate Increase and Once Again Delaying Oak Creek Coal Plant Retirement
Key Takeaway
We Energies' continued delay of coal plant retirement and impending rate increases signal a challenging regulatory environment and slower energy transition, impacting both new generation development and large consumer costs in Wisconsin.
AI Summary
- •We Energies has once again delayed the retirement of its Oak Creek coal plant, originally scheduled for 2023, indicating a slower transition away from fossil fuels in the region.
- •Residential and small business electricity rates are projected to increase by 4.7% in 2027 and 4.5% in 2028, signaling potential cost increases for all consumers and setting a precedent for future rate cases.
- •The Sierra Club's opposition highlights ongoing regulatory friction and public pressure regarding energy transition, which could impact future project approvals and utility planning.
- •This delay in coal retirement and impending rate hikes suggest a challenging market for new clean energy development and increased operational costs for large power consumers in We Energies' service territory.
Topics
capacity-marketemissionspolicysolarstoragewind
Article Content
This week, We Energies has announced that it will once again delay closing its Oak Creek coal plant and that it intends to raise residential and small business rates by 4.7% in 2027 and 4.5% in 2028. The Oak Creek power plant was originally scheduled to close in 2023, but ... [continued] The post Sierra Club Wisconsin Slams We Energies for Rate Increase and Once Again Delaying Oak Creek Coal Plant Retirement appeared first on CleanTechnica .