Dive Brief:
WEC Energy Group, a major Midwestern utility, on Tuesday unveiled a series of new and more aggressive environmental goals. The Wisconsin-based power company says it is committing to a 60% reduction in carbon emissions at its electric plants by 2025, relative to 2005 levels, and an 80% drop by 2030. That’s up from its previous goal of 70% by 2030, with the utility last year having pledged to become net carbon neutral by 2050.
WEC says it plans to reach those targets in part through a $16 billion-plus capital investment plan, detailed in a newly released report on the company’s environmental goals. The plan calls for billions in investments in renewable energy projects.
Alliant Energy Submits “Notice of Intent to Settle” on Future Wisconsin Rates
Agreement in principle would provide Alliant Energy customers ongoing rate certainty while advancing the company’s transition to clean energy
May 05, 2021 17:39 ET | Source: Alliant Energy Corporation Alliant Energy Corporation Madison, Wisconsin, UNITED STATES
MADISON, Wis., May 05, 2021 (GLOBE NEWSWIRE) Alliant Energy (NASDAQ: LNT) today notified the Public Service Commission of Wisconsin (PSCW) of its intent to enter into a settlement agreement regarding electric and natural gas rates in Wisconsin for 2022 and 2023. Alliant Energy has a settlement in principle with several Wisconsin-based stakeholder organizations, including the Citizens Utility Board (CUB), Wisconsin Industrial Energy Group (WIEG) and Sierra Club, which further manages customer costs and enables a thoughtful transition to clean energy.
Operator
Good afternoon and welcome to WEC Energy Group s Conference Call for First Quarter 2021 Results. [Operator Instructions]
Before the conference call begins, I remind you that all statements in the presentation, other than historical facts, are forward-looking statements that involve risks and uncertainties that are subject to change at any time. Such statements are based on management s expectations at the time they are made. In addition to the assumptions and other factors referred to in connection with the statements, factors described in WEC Energy Group s latest Form 10-K and subsequent reports filed with the Securities and Exchange Commission could cause actual results to differ materially from those contemplated. During the discussions, referenced earnings per share will be based on diluted earnings per share, unless otherwise noted.
WEC Energy Group Inc (WEC) Q1 2021 Earnings Call Transcript fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.