Deal with Alliant Energy gives Madison Gas and Electric potential 50 MW ownership stake in the Riverside natural gas plant planned for construction in Beloit.
Recent construction proposals received by Alliant Energy indicate that the Riverside modernization project will be able to achieve greater output than previously expected, boosting the likely capacity from 650 megawatts to approximately 700 megawatts without increasing the $700 million project cost estimate (which excludes AFUDC and transmission costs). This development has created more opportunity for potential joint ownership.
The Public Service Commission of Wisconsin (PSCW) is reviewing the proposed Riverside modernization project. A final decision is expected this spring. If approved, the start of construction is planned for early 2017, with project completion by early 2020.
More here
