We Energies announces updated timeline for Oak Creek plant retirements

Core Viewpoint - We Energies has decided to extend the operating lives of units 7 and 8 at the Oak Creek Power Plant until the end of 2026 to address increased energy demand and supply requirements in the Midwest power market [1][2][3] Company Operations - The Oak Creek units 7 and 8, built in the 1960s, have a total capacity of 610 megawatts (MW) and are equipped with modern environmental controls [3] - We Energies is planning, permitting, or constructing over 6,300 MW of new generation capacity, including natural gas, wind, solar, and battery storage, over the next five years [4] - The extension of the Oak Creek units is not expected to delay the new generation projects [4] Customer Base - We Energies serves more than 1.1 million electric customers and 1.1 million natural gas customers in Wisconsin [5]