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Jointly Owned Utility Facilities | 12 Months Ended
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Dec. 31, 2022
Jointly Owned Utility Plant, Net Ownership Amount [Abstract] |
JOINTLY OWNED UTILITY FACILITIES | JOINTLY OWNED UTILITY FACILITIES We Power and WPS hold joint ownership interests in certain electric generating facilities. They are entitled to their share of generating capability and output of each facility equal to their respective ownership interest. They pay their ownership share of additional construction costs and have supplied their own financing for all jointly owned projects. We record We Power's and WPS's proportionate share of significant jointly owned electric generating facilities as property, plant, and equipment on the balance sheets. We Power leases its ownership interest in ER 1 and ER 2 to WE, and WE operates these units. WE and WPS record their respective share of fuel inventory purchases and operating expenses, unless specific agreements have been executed to limit their maximum exposure to additional costs. WE's and WPS's proportionate share of direct expenses for the joint operation of these plants is recorded within operating expenses in the income statements. Information related to jointly owned utility facilities at December 31, 2022 was as follows:
|  |  |  | We Power |  | WPS
(in millions, except for percentages and MW) |  |  |  | Elm Road Generating Station Units 1 and 2 |  | Weston Unit 4 |  | Columbia Energy Center Units 1 and 2 |  | Forward Wind |  | Two Creeks |  | Badger Hollow I (2)
Ownership |  |  |  | 83.34 | % |  | 70.0 | % |  | 27.5 | % |  | 44.6 | % |  | 66.7 | % |  | 66.7 | %
Share of capacity (MW) (1) |  |  |  | 1,060.8 |  |  | 387.3 |  |  | 311.1 |  |  | 61.5 |  |  | 100.0 |  |  | 100.0 |
In-service date |  |  |  | 2010 and 2011 |  | 2008 |  | 1975 and 1978 |  | 2008 |  | 2020 |  | 2021
Property, plant, and equipment |  |  |  | $ | 2,425.1 |  |  | $ | 612.1 |  |  | $ | 426.1 |  |  | $ | 119.3 |  |  | $ | 136.8 |  |  | $ | 146.2 |
Accumulated depreciation |  |  |  | $ | (505.7) |  |  | $ | (213.0) |  |  | $ | (159.7) |  |  | $ | (53.9) |  |  | $ | (9.7) |  |  | $ | (4.9) |
CWIP |  |  |  | $ | 64.1 |  |  | $ | 1.2 |  |  | $ | 6.8 |  |  | $ | 0.2 |  |  | $ | 0.1 |  |  | $ | — |
(1) Capacity for our jointly-owned electric generation facilities, other than Forward Wind, Two Creeks, and Badger Hollow I, is based on rated capacity, which is the net power output under average operating conditions with equipment in an average state of repair as of a given month in a given year. Values are primarily based on the net dependable expected capacity ratings for summer 2023 established by tests and may change slightly from year to year. The summer period is the most relevant for capacity planning purposes. This is a result of continually reaching demand peaks in the summer months, primarily due to air conditioning demand. Capacity for Forward Wind is based on nameplate capacity, which is the amount of energy a turbine should produce at optimal wind speeds. Capacity for Two Creeks and Badger Hollow I is based on nameplate capacity, which is the maximum output that a generator should produce at continuous full power. (2) Commercial operation was achieved in November 2021 for Badger Hollow I. WE, along with an unaffiliated utility, received PSCW approval to construct Badger Hollow II, a solar project that will be located in Iowa County, Wisconsin. Once constructed, WE will own 66.7%, or 100 MW, of Badger Hollow II. Commercial operation is targeted for 2023. The CWIP balance for Badger Hollow II was $107.5 million as of December 31, 2022. WE and WPS, along with an unaffiliated utility, received PSCW approval to construct Paris, a utility-scale solar-powered electric generating facility with a battery energy storage system. The project will be located in Kenosha County, Wisconsin and once fully constructed, WE and WPS will collectively own 90%, or 180 MW of solar generation and 99 MW of battery storage, of this project. Commercial operation of the solar facility is targeted for 2023. The CWIP balance for Paris was $207.6 million as of December 31, 2022. WE and WPS, along with an unaffiliated utility, received PSCW approval to construct Darien, a utility-scale solar-powered electric generating facility with a battery energy storage system. The project will be located in Rock and Walworth counties, Wisconsin and once constructed, WE and WPS will collectively own 90%, or 225 MW of solar generation and 68 MW of battery storage of this project. Commercial operation of the solar facility is targeted for 2024. The CWIP balance for Darien was $9.4 million as of December 31, 2022.

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