Dive Summary:

• We Energies CEO Gale Klappa spoke about his utility’s interest in buying Wisconsin-owned heating facilities as part of the company’s transition away from large engineering and building projects.
• Klappa said that the company’s final “megaproject” – a $900 million effort to add pollution controls to a new power plant – is about to be completed, which will open the door for the purchase of local heating and cooling plants.
• Currently, Wisconsin operates 37 heating, cooling, and power plants that are primarily located at state facilities such as college campuses, prisons, and the state capitol.

From the article:

Acquiring some of Wisconsin's state-owned heating plants could be a "significant investment opportunity" for We Energies, the utility's top executive said.

We Energies CEO Gale Klappa discussed the utility's interest in buying the state facilities during a presentation to Wall Street analysts in New York City this week. ...