June 25 (Reuters) - We Energies, a unit of utility WEC
Energy ( WEC ), 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.