Madison Gas and Electric Joins Independent Transmission Company.Business Editors MADISON, Wis adv. 1. Certainly; really; indeed. v. t. 1. To think; to suppose; to imagine; - used chiefly in the first person sing. present tense, I wis. See the Note under Ywis. .--(BUSINESS WIRE)--June 16, 2000 Madison Gas and Electric Co. (MGE Mge Mycoplasma Genitalium MGE Minneapolis Grain Exchange MGE Madison Gas and Electric Company MGE Mobile Genetic Elements MGE Maintenance Ground Equipment MGE Microstation Graphics Environment MGE Modern Gun Effectiveness Model MGE Modular Gis Environment ) (Nasdaq:MDSN) will join the American Transmission Co. (ATC ATC Air Traffic Control ATC Average Total Cost ATC Certified Athletic Trainer ATC At the Center (Hartford, Maine retreat center) ATC Applied Technology Council ATC All Things Considered ) which is working to create the nation's first for-profit independent electric transmission system. The ATC expects to be operating by Jan. 1, 2001. MGE is a leading proponent One who offers or proposes. A proponent is a person who comes forward with an a item or an idea. A proponent supports an issue or advocates a cause, such as a proponent of a will. PROPONENT, eccl. law. of an independent transmission system. Under MGE's leadership, Wisconsin passed landmark legislation that allowed utility companies to spin off their transmission assets into an independent company. "We are looking forward to joining the ATC which will create more certainty in the marketplace and give all companies fair access to power," said Mark Williamson Professor Mark H. Williamson OBE is professor emeritus of biology at the University of York. He is an expert on biological invasions. Williamson gained a BA from the Oxford in 1950 and received a D.Phil. eight years later, having been a demonstrator of at Oxford since 1952. , MGE executive vice president and chief strategic officer. Under the ATC agreement, MGE will spin off its transmission assets, valued at $35 million to $40 million. The company owns about 8% of the state's transmission system which is defined as 69 kilovolts and above. As a result of joining the ATC, MGE's rates for electric transmission are expected to improve over the next five years, compared to other Wisconsin utilities. The company does not anticipate any impact on its earnings as a result of joining the ATC. In May, MGE announced it was joining the Midwest Independent System Operator, an organization of Midwest utilities that oversees the regional transmission market. The ATC creates another layer of independence. Other utilities in the ATC are Wisconsin Energy Corp., Alliant Energy Alliant Energy Corporation (NYSE: LNT) is a public utility holding company that incorporated in Madison, Wisconsin in 1981. It is comprised of several subsidiaries: [1] and Wisconsin Public Power Inc. Additional information about the ATC can be found at www.atcllc.com. MGE is a public utility that generates, transmits and distributes electricity to 125,000 customers in Dane County. The company also transports and distributes natural gas to 112,000 customers in seven south-central and western Wisconsin counties. MGE has served the Madison area since 1896. |
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