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Alliant wins approval for $700M power plant near Beloit

MADISON, Wis. (AP) — Alliant Energy Corp. has won preliminary approval from a regulatory panel to build a $700 million natural gas-fired power plant near Beloit.

The Madison-based utility says the new plant will be located next to its existing gas-fired Riverside power plant, doubling the capacity of the complex. The new plant can generate enough electricity to power 535,000 homes. Alliant says it’s too soon to tell how it will affect the average ratepayer’s bill.

Construction is expected to begin this fall, and the 700-megawatt plant could begin operating in 2020. It will be the first new fossil fuel power plant built in Wisconsin in nearly a decade, and is expected to create 1,000 construction jobs.

The PSC’s approval Thursday is contingent on Alliant obtaining state and federal permits.

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