WEC Energy Group delays retirement of Oak Creek coal units by 1-1.5 years; Columbia units to 2026

WISCONSIN ELECTRIC POWER CO

Oak Creek Units 5/6 delayed to May 2024; Units 7/8 to late 2025 (approx 18 months).
Columbia Energy Center units now retired by June 1, 2026 (previously 2023/2024); WPS owns 300 MW (27.5%).
Reasons cited: tight Midwest power supply and supply chain delays for renewable projects.
No significant new capital needed; company reaffirms CO2 reduction targets of 60% by 2025 and 80% by 2030 vs 2005.
Total capacity of Oak Creek older units is 1,100 megawatts.

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