NextEra Energy Resources has reached a new agreement with WPPI Energy to continue supplying WPPI Energy with electricity from the Point Beach Nuclear Plant in Wisconsin.
WPPI, a joint action agency that serves 51 locally owned utilities in Wisconsin, Iowa and Michigan, currently takes 168 megawatts (MW) of the plant's nearly 1,200-MW output.
Under the agreement, WPPI will continue to take 168 MW into the 2050s.
“Maintaining a diverse, balanced portfolio is one of the WPPI membership’s greatest strengths,” said Mike Peters, president and CEO of WPPI. “Securing this emissions-free baseload resource at a known cost supports long-term stability for our member communities in a rapidly changing energy industry.”
The agreement follows the Nuclear Regulatory Commission’s approval of the plant’s second license renewal in September, which allows the facility to continue operating for an additional 20 years.
