WEC Energy Group

Hooper named President of We Energies and Wisconsin Public Service

Retrieved on: 
Tuesday, March 12, 2024
WEC, Ohio State University, WEC Energy Group, Business, NIPSCO, American Electric Power, Lead, Fisher College, NiSource, Megaproject, Regulation, Strategic leadership, Peoples Energy, Management

MILWAUKEE, March 12, 2024 /PRNewswire/ -- WEC Energy Group (NYSE: WEC) announced today that Michael Hooper, currently president and chief operating officer of Northern Indiana Public Service Company (NIPSCO), a subsidiary of NiSource (NYSE: NI), has been named president of We Energies and Wisconsin Public Service, effective April 1, 2024.

Key Points: 
  • MILWAUKEE, March 12, 2024 /PRNewswire/ -- WEC Energy Group (NYSE: WEC) announced today that Michael Hooper, currently president and chief operating officer of Northern Indiana Public Service Company (NIPSCO), a subsidiary of NiSource (NYSE: NI), has been named president of We Energies and Wisconsin Public Service, effective April 1, 2024.
  • "We're fortunate to have Mike join our senior leadership team," said Scott Lauber, president and chief executive officer of WEC Energy Group.
  • Hooper will have primary responsibility for the electric and gas distribution business, customer service, power generation and major projects for We Energies and Wisconsin Public Service.
  • The company's principal utilities are We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities, Minnesota Energy Resources and Upper Michigan Energy Resources.

New Solar Added to the Grid, More in Development

Retrieved on: 
Wednesday, February 21, 2024
Environment, Utilities, Sustainability, Alternative Energy, Green Technology, Energy, Tyto, Transport, MGE, Carbon, Climate change, Badger Hollow Solar Farm, WEC Energy Group, Gas, Electricity, Snow, Public Service Commission, Wind, Renewable energy

Like MGE’s other Madison-area renewable energy projects, Tyto Solar is a distributed energy resource that is connected to MGE’s distribution system.

Key Points: 
  • Like MGE’s other Madison-area renewable energy projects, Tyto Solar is a distributed energy resource that is connected to MGE’s distribution system.
  • Bifacial solar panels produce energy from both sides as they track the sun throughout the day.
  • Tyto Solar and the High Noon Solar Energy Center are two of several projects to help MGE achieve our industry-leading carbon reduction goals.
  • More than 50 MW of solar generation is expected to be added to MGE’s energy supply mix by the end of this year with projects currently in development.

Exodigo Earns Federal Funding to Help Modernize Power Grid

Retrieved on: 
Tuesday, January 30, 2024
WEC Energy Group, San Francisco Bay Area, Partnership, Intelligence, PALO, Security, PNNL, AI, Portland General Electric, ARPA, Pacific Northwest National Laboratory, Undergrounding, Avista, Rutgers University, Renewable energy

PALO ALTO, Calif., Jan. 30, 2024 /PRNewswire/ -- Exodigo today announced that it will provide the accurate, complete subsurface maps needed to improve undergrounding processes for power lines as part of the Grid Overhaul with Proactive, High-speed Undergrounding for Reliability, Resilience, and Security (GOPHURRS) program led by the U.S. Department of Energy Advanced Research Projects Agency-Energy (ARPA-E).

Key Points: 
  • In partnership with the Pacific Northwest National Laboratory and Rutgers, Exodigo will work with participating utilities - including Avista Utilities, Portland General Electric, and WEC Energy Group - to support GOPHURRS' mission to strengthen and modernize America's aging power grid through the development of cost-effective, high-speed, and safe undergrounding technologies.
  • "We are deeply honored to receive this federal funding as it is a testament to our team's relentless innovation and dedication.
  • Ultimately, the project should drive significant cost savings and increased efficiency in the process of undergrounding power lines.
  • Exodigo is the leading subsurface imaging technology, transforming the capital projects process with multi-sensing technology and AI.

WEC Energy Group to announce 2023 fourth-quarter and year-end financial results Feb. 1

Retrieved on: 
Thursday, January 25, 2024
WEC Energy Group, Webcast, Peoples Energy, Siemens Energy AG, Fortune 500, WEC, Plant, News, Cryptocurrency

MILWAUKEE, Jan. 25, 2024 /PRNewswire/ -- WEC Energy Group Inc. (NYSE: WEC) will issue its 2023 fourth-quarter and full-year earnings news release before the stock market opens Thursday, Feb. 1.

Key Points: 
  • MILWAUKEE, Jan. 25, 2024 /PRNewswire/ -- WEC Energy Group Inc. (NYSE: WEC) will issue its 2023 fourth-quarter and full-year earnings news release before the stock market opens Thursday, Feb. 1.
  • A conference call for investors and security analysts is scheduled for the same day at 1 p.m. Central time.
  • Detailed financial information will be available on the WEC Energy Group website by 6:30 a.m. Central time Feb. 1.
  • The company's principal utilities are We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities, Minnesota Energy Resources and Upper Michigan Energy Resources.

Wisconsin's Largest Solar Project Is Now Fully Operational

Retrieved on: 
Thursday, January 4, 2024
Other Energy, Professional Services, Utilities, Other Natural Resources, Batteries, Alternative Energy, Energy, Technology, Natural Resources, Environment, Green Technology, Environmental, Social and Governance (ESG), Solar energy, Snow, Carbon, Partnership, Badger Hollow Solar Farm, MGE, Electricity, WEC Energy Group, Madison Gas and Electric, Gas, Renewable energy

The final panels at the Badger Hollow Solar Farm are now in service, completing the largest solar project in Wisconsin history.

Key Points: 
  • The final panels at the Badger Hollow Solar Farm are now in service, completing the largest solar project in Wisconsin history.
  • Badger Hollow Solar Farm is a 300-megawatt (MW) renewable energy facility located near the communities of Montfort and Cobb in Iowa County, Wisconsin.
  • The project features 830,000 solar panels that move and track the sun throughout the day, maximizing power generation.
  • The panels also capture solar energy on both sides—an especially useful feature in winter when sun reflects off the snow and onto the panels.

$800m investment to accelerate Octopus Energy’s global clean energy growth

Retrieved on: 
Monday, December 18, 2023
Environment, Other Energy, Environmental Health, Utilities, Oil, Gas, Alternative Energy, Sustainability, Green Technology, Energy, Kraken, Holiday, Generation Investment Management, E.ON, Octopus Energy, Tokyo Gas, Acquisition, CPP Investment Board, Lloyds Bank, Multimedia, Consultant, Investment, Domestic, Wind, EDF, Origin Energy, TIME, WEC Energy Group, Digital, British Gas, Good Energy, Partnership, Obsession, Growth, Electricity, NPS, CPP, Trustpilot, News, COP, Cryptocurrency, Renewable energy, Film industry, Octopus

Octopus Energy Group, the UK’s largest power supplier* and the owner of the Kraken technology platform, announces $800m (£625m) additional investment from its existing shareholders.

Key Points: 
  • Octopus Energy Group, the UK’s largest power supplier* and the owner of the Kraken technology platform, announces $800m (£625m) additional investment from its existing shareholders.
  • Recommended” an unprecedented 6 years in a row and according to consultants Bain**, Octopus Energy is rated 44 points higher than the next best company.
  • Through our partnership with Octopus Energy, we aim to provide our customers with services using the latest technology and clean energy.
  • Octopus Energy Group’s Kraken technology platform has seen astounding success, from 17 million accounts two years ago, to over 52 million today.

Ellomay Capital Reports Publication of Financial Statements of Dorad Energy Ltd. for the Three and Nine Month Periods Ended September 30, 2023

Retrieved on: 
Monday, December 11, 2023
NYSE, International, Bank statement, Season, WEC Energy Group, Electricity, TASE, Cryptocurrency, Dorad Power Station

Based on applicable regulatory requirements, the quarterly report of the Luzon Group includes the financial statements of Dorad for the same period.

Key Points: 
  • Based on applicable regulatory requirements, the quarterly report of the Luzon Group includes the financial statements of Dorad for the same period.
  • The financial statements of Dorad for the quarter ended September 30, 2023 were prepared in accordance with International Financial Reporting Standards.
  • Ellomay will include its indirect share of these results (through its holdings in Ellomay Luzon Energy) in its financial results for this period.
  • Neither Ellomay nor its independent public accountants have reviewed or consulted with the Luzon Group, Ellomay Luzon Energy or Dorad with respect to the financial results included in this press release.

ICC RULINGS REDUCE RECORD RATE-HIKE PROPOSALS; HALT CONTROVERSIAL PIPE-REPLACEMENT PROGRAM, AS REGULATORS DRAW LINE ON UTILITY EXCESS

Retrieved on: 
Friday, November 17, 2023
Nicor Gas, Illinois General Assembly, CUB, Illinois Commerce Commission, Peoples Energy, Nevertheless, Cooking, WEC Energy Group, Multimedia, ICC, LIHEAP, Synovial joint, FOR, Heat, Electricity, SMP, News, Natural gas, Renewable energy, Ameren

CHICAGO, Nov. 17, 2023 /PRNewswire/ -- In a sweeping rebuff of four different utilities, Illinois regulators have sharply curtailed record rate hikes proposed for more than 4 million gas customers across the state, while also blocking most spending on a controversial pipe-replacement program that has fueled a heating affordability crisis for consumers in recent years. 

Key Points: 
  • In each of the cases, the ICC's reduction to the rate hike exceeded the amount – sometimes by large margins – recommended by the agency's administrative law judges.
  • In all, the rate increases were lowered by about $240 million as a result of the ICC's actions.
  • "We're hopeful that this ruling sends a signal to the state's utilities that the days of business-as-usual are coming to an end."
  • Created by the Illinois Legislature, CUB opened its doors in 1984 to represent the interests of residential and small-business utility customers.

Vice President Investor Relations and Treasurer Randy Hulen to retire from NiSource after nearly 30 years

Retrieved on: 
Wednesday, November 1, 2023
Environment, Utilities, Oil, Gas, Sustainability, Alternative Energy, Energy, WEC Energy Group, JP, NiSource, Treasury, Investment banking, NYSE, Corporate finance, Senior, Risk management, Pleasure, Institution, Cryptocurrency

Following nearly 30 years of service to NiSource (NYSE: NI), Vice President Investor Relations and Treasurer, Randy Hulen, will retire effective December 31, 2023.

Key Points: 
  • Following nearly 30 years of service to NiSource (NYSE: NI), Vice President Investor Relations and Treasurer, Randy Hulen, will retire effective December 31, 2023.
  • As Vice President Investor Relations and Treasurer, Randy has been responsible for NiSource’s investor communications and relations, corporate financing and cash management, while maintaining NiSource’s investment grade credit ratings.
  • Randy has led the investor relations function since 2005 and assumed responsibility for treasury in January 2019.
  • Current Director of Investor Relations, Chris Turnure, was promoted to Senior Director to lead Investor Relations.

BB Energy Asia successfully closes inaugural USD210mn secured digital borrowing base facility

Retrieved on: 
Sunday, November 5, 2023
Digital, Public Facilities Privacy & Security Act, Region, Investment banking, Business development, Security, Facility, Commercial bank, Ecosystem, Partnership, ADCB, WEC Energy Group, Bank, Renewable energy, Cryptocurrency, Natixis

SINGAPORE, Nov. 6, 2023 /PRNewswire/ -- BB Energy Asia, a wholly-owned subsidiary of BB Energy Group Holding Ltd ("BB Energy Group" or the "Group"), has closed a USD210 million Secured Digital Borrowing Base facility ("Facility") to support the working capital needs of its Asian trading business.

Key Points: 
  • SINGAPORE, Nov. 6, 2023 /PRNewswire/ -- BB Energy Asia, a wholly-owned subsidiary of BB Energy Group Holding Ltd ("BB Energy Group" or the "Group"), has closed a USD210 million Secured Digital Borrowing Base facility ("Facility") to support the working capital needs of its Asian trading business.
  • The 364-day Facility, guaranteed by BB Energy Group, is the first digital borrowing base facility for the Group outside the USA, covering import finance as well as funding of inventory, receivables, and hedging positions under its wholly owned subsidiary, BB Energy Asia.
  • This successful closing marks a significant milestone for BB Energy Asia and demonstrates the unwavering confidence in BB Energy Group's creditworthiness and business prospects.
  • L-Thanh Nguyen, Head Global Trade Asia Pacific, Natixis Corporate and Investment Banking, said: "We are proud to be entrusted by BB Energy Asia to lead, arrange, structure, and execute this inaugural Secured Digital Borrowing Base facility for BB Energy Group.