The LLC owns Riverside Energy Center, a 600MW combined cycle natural gas-fired electric generating facility located in Beloit, Wisconsin. It began operation in 2004. WPL currently has a purchase power agreement for approximately 500MW from Riverside. Under that agreement, WPL has the option to purchase Riverside if it exercises the option on or before May 31, 2012.
"We exercised our option because we believe purchasing Riverside allows us to better manage our generation fleet to reduce our reliance on market purchases, manage costs for our customers and remain flexible for the future," said John Larsen, president of WPL.
The Public Service Commission of Wisconsin approved...WPL opts to buy Riverside Energy Center from Calpine
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