Wisconsin Energy Corporation Summary

Brief Description of Company:

Wisconsin Energy Corporation (NYSE: WEC), headquartered in Milwaukee, Wisconsin, has more than $11 billion of assets and a diversified portfolio of businesses engaged in electric generation; electric, natural gas, steam, and water distribution; and certain non-utility businesses. In 2006, Wisconsin Energy had revenues of $4.0 billion and employed approximately 5,200 people. Visit Wisconsin Energy's Web site for more information. [1]

Target:

Fuel 5 percent of energy mix from renewable resources by 2011.

BELC Company Targets [2]

CEO:

Mr. Gale E. Klappa

CEO Quote Regarding Climate Change:

"We Energies remains committed to reducing our impact on the global climate. It's demonstrated every day in the way we conduct our business. Through practical innovations and successful partnerships, we are leading several initiatives that reduce, avoid, or sequester greenhouse gases. We believe the next step is to use market-based approaches such as emissions trading, both locally and globally, to cost-effectively secure additional greenhouse gas reductions. In the meantime, We Energies will continue to fulfill its obligation as an environmental steward by serving our customers while protecting the natural resources entrusted to us."

Energy Efficiency Initiatives

Success Stories Summary:

We Energies, subsidiary of Wisconsin Energy Corporation, has invested $35.9 million in its “Energy Efficiency Procurement Plan” that has resulted in gross demand reduction of 66.55 megawatts (MW) as of March 2009.
Read more about Wisconsin Energy's success stories at http://www.we-energies.com/business_new/energyeff/successstories.htm [3]

Internal Operations summary:

We Energies, subsidiary of Wisconsin Energy Corporation, has invested $35.9 million in its “Energy Efficiency Procurement Plan” that has resulted in gross demand reduction of 66.55 megawatts (MW) as of March 2009. This is well in excess of the 55 MW of additional energy conservation and efficiency required by the Public Service Commission of Wisconsin by 2008. The company has achieved this success while remaining significantly under budget, with accrued and committed expenditures representing less than 90 percent of the portfolio’s budget. The portfolio offers residential/multi-family, agriculture, new construction, load control and interruptible load programs.
The success of the 55MW programs adds a significant layer to We Energies’ ongoing provision of energy efficiency and demand response programs. The Company has built a strong presence in the marketplace and will now capitalize on this by delivering a new set of programs in 2009 that marries the best of the 55MW portfolio with new and innovative elements. This new portfolio complements Focus on Energy’s program initiatives, yet takes advantage of We Energies unique capabilities as a utility. We Energies plans to deliver this portfolio of ten programs from 2009 through 2011 using voluntary spending, as defined under Wisconsin Act 141; the portfolio’s total budget for 2009 is $13.3 million. Although the Company has not been directed to meet any new explicit savings goals, we estimate We Energies will capture about 79 MW and 88,000 MWh in net conservation savings between 2009 and 2011 by implementing the programs described in this Plan. We Energies continuing success and commitment to energy conservation also serves to support the objectives of the Governor’s Task Force on Global Warming to reduce electric load in Wisconsin two percent by 2015. Based on emissions factors published by the U.S. DOE, energy efficiency measures installed through these programs will avoid over 150 million pounds of CO2 emissions.
The company has had continued success with the implementation of its suite of natural gas programs, and has realized total savings of 432,467 therms as of February 2009. Natural gas programs are offered for residential weatherization, multi-family, small commercial, and education and awareness building.

Products & Services summary:

Shares energy efficiency strategies with consumers through mailings and customized energy reports. The In-Home Display Program helps customers use a wireless device to set energy goals, track progress and enhance energy savings.
Provides an interactive Web site with features to help forecast costs, appliance tips, calculate carbon footprint, etc. Additionally, low-income customers can receive case management, energy efficiency and financial education.
Works in cooperation with Focus on Energy to provide residents and businesses with technical assistance and info on energy management, funded by surcharges. We Energies also supports the State of Wisconsin’s low-income weatherization program.
Maintains an “Energy Partners” residential program that links central air-conditioning systems to a direct load control program, using a remote control device in return for providing customers with credit options. Other programs provide price incentives to residential and small business customers for reducing peak demand.
Offers a price incentive program for large commercial and industrial customers who commit to voluntarily reduce electric load by at least 500 kilowatts in response to market conditions.

Wisconsin Energy Corporation [4] is a member of the Business Environmental Leadership Council (BELC), the largest U.S.-based association of companies dedicated to business and policy solutions to climate change. Wisconsin Energy Corporation (NYSE: WEC), headquartered in Milwaukee, Wisconsin, has more than $11 billion of assets and a diversified portfolio of businesses engaged in electric generation; electric, natural gas, steam, and water distribution; and certain non-utility businesses. In 2006, Wisconsin Energy had revenues of $4.0 billion and employed approximately 5,200 people.

BELC Abstracts

Electricity Abstract:

Residential & Commercial Abstract: