JOINTLY OWNED 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 Power and WPS record their 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 the Oak Creek Expansion units to Wisconsin Electric, and Wisconsin Electric operates these units. Wisconsin Electric 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. Wisconsin Electric's and WPS's proportionate share of direct expenses for the joint operation of these plants is recorded in operating expenses in the income statements.

Information related to jointly owned facilities at December 31, 2015 was as follows:



	We Power			WPS
(in millions, except for percentages and MWs)	Oak Creek Expansion Units 1 and 2			Weston 4			Columbia Energy Center Units 1 and 2			Edgewater Unit 4
Ownership	83.34		%	70.0		%	31.8		%	31.8		%
Share of rated capacity (MWs) *	1,056.8			374.5			352.9			96.3
In-service date	2010 and 2011			2008			1975 and 1978			1969
Property, plant, and equipment	$	2,359.6		$	591.5		$	404.6		$	47.6
Accumulated depreciation	$	(283.4	)	$	(150.5	)	$	(122.6	)	$	(30.6	)
CWIP	$	35.5		$	5.9		$	23.4		$	0.4


*	Based on expected capacity ratings for summer 2016. 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.