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Wisconsin Utilities Rake in Increased Profits as Wind and Solar, Transmission Spending Increases

Government-approved monopoly utility companies in the Midwest continue to pad their guaranteed corporate profits by building more wind and solar installations, along with the transmission lines needed to transport the energy generated by them to far-away population centers. This time, it is Wisconsin utilities that are doing the profit padding by adopting the same language used by Xcel Energy to mislead consumers on the cost of their electricity, according to the Wisconsin State Journal. "Alliant Energy announced a 7% increase in its 2020 dividends Wednesday as it reported earnings of $226 million in the third quarter of 2019. That’s up almost 10 percent...

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Alliant Energy to Close Iowa Nuclear Plant for More Wind. Bad for Ratepayers, Bad for the Environment

Alliant Energy, the electric company in Iowa that wants to increase electricity costs for its consumers by $240 per year to add more wind to their grid, now wants to shut down their existing nuclear plant, which produces electricity with no carbon dioxide emissions, so they can repower existing wind turbines add more wind. According to an article from S&P Global Platts: A spokesman for the Iowa utility subsidiary said Monday that Interstate Power and Light currently meets 25% of its customer demand in the state through an off-take agreement with NextEra Energy Resources, which owns the majority interest in the 615...

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