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Public Service Commission authorizes carrying costs for WP&L's Heartland contribution at WACC
Summary
The Public Service Commission reopened docket 66-80-AF-108 and authorized carrying costs for Wisconsin Power and Light's contribution to the Heartland expansion at the weighted-average cost of capital, citing lower risk to the utility and greater customer savings; the motion passed by unanimous voice vote.
The Public Service Commission voted on March 5, 2026, to modify a prior decision and authorize carrying costs at the weighted-average cost of capital (WACC) for Wisconsin Power and Light's contribution to the Heartland pipeline project. Commissioner Nieto moved the modification and Chairperson Strand seconded; the commission approved the motion by unanimous voice vote.
The decision reopens docket 66-80-AF-108 after the Federal Energy Regulatory Commission approved the Heartland project. Chairperson Strand said the commission initially denied carrying costs because the project had not been filed at FERC, but "now is the appropriate time for the…
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