WEC Energy postpones coal power plant retirement as power demand surges
June 25 (Reuters) - We Energies, a unit of utility WEC Energy WEC.N, plans to extend the operating period of units 7 and 8 at the Oak Creek coal-fired power plant in Wisconsin through the end of 2026, it said on Wednesday.
The plant, which was scheduled to retire at the end of 2025, is now expected to have the units available to meet high energy demand.
"Just this month, national grid experts raised the alarm of elevated risks of power supply shortages and price spikes due to plant closures and increasing energy demand in the Upper Midwest," We Energies president Mike Hooper said.
In April, U.S. President Donald Trump signed executive orders to boost domestic coal production to cater to rising power demand, including from data centers needed for artificial intelligence technologies.
Trump's executive orders could potentially delay the closure of coal-fired power plants and encourage the restart of 102 recently shut coal-fired units, according to the Institute for Energy Economics and Financial Analysis (IEEFA).
We Energies also said it is actively planning more than 6,300 megawatt (MW) of new generation using natural gas, wind and solar over the next five years to meet customer needs and improve grid stability.
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