Our Wisconsin customers could soon reap the benefits of having cleaner, reliable energy powering their homes and businesses. We announced plans to expand our Riverside Energy Center located near Beloit, Wis. We are proposing to build a natural gas generating facility to replace several older coal-fired and natural gas power plants that we’ve slated for retirement in the next few years.
This investment will provide significant environmental benefits, bring hundreds of construction jobs to the state and deliver an economic boost to Rock County. The 650-megawatt facility would power more than 500,000 homes.
The project reflects our company’s continued focus on transitioning our generating fleet to a cleaner mix of fuels.
We expect to file our application with the Public Service Commission of Wisconsin in early 2015. If the project is approved, construction would begin in 2016. The plant would be expected to start operating in 2019 and its cost is estimated at $725 – $775 million.