WisconsinSB2552025-2026 Wisconsin Legislature (Biennial Session)SenateWALLET

An Act to renumber 182.71 (1) (a); to amend 182.71 (5) (b), 182.71 (5) (c), 182.71 (5) (f), 182.71 (6) (intro.), 182.71 (6) (a), 182.71 (6) (f), 182.71 (7) (c), 182.71 (7) (d) and 182.71 (8); to create 182.71 (1) (ag) of the statutes; Relating to: regulation of the Chippewa and Flambeau Improvement Company.

Sponsored By: Jesse James (Republican), Brad Pfaff (Democratic), Romaine Quinn (Republican), Jeff Smith (Democratic)

Became Law

Sen Bill 255CorporationPublic Service CommissionWaterways and water power

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Bill Overview

Analyzed Economic Effects

3 provisions identified: 0 benefits, 0 costs, 3 mixed.

New reservoir toll rules for river power users

The law sets how the Chippewa and Flambeau Improvement Company charges tolls if it runs reservoirs that can store at least 1.5 billion cubic feet of water. The commission sets tolls twice a year and splits them by the benefits each water power receives. Tolls can cover maintenance and operation (including taxes, depreciation, and rent), a reasonable working capital amount, and a commission-set net return on “capital invested” (paid-in capital plus the par value of bonds). If a power runs two months or more in a six‑month period, it is treated as running the whole period for tolls; if it runs less than two months, it owes no toll for that period. The company’s filing must recommend tolls using a 6% yearly net return benchmark and include six‑month expense details; toll money cannot pay original purchase or original improvements, unpaid tolls become a lien the company can enforce, and engineers chosen by the commission help set tolls. Reports are due to the commission by June 15 and December 15 each year.

Stock and bond rules for reservoir company

After commission certification, the company can sell stock or issue negotiable bonds to fund buying, building, or improving the reservoirs. Bond issues cannot exceed one‑half of a project’s total cost and may be secured by mortgage. While any bonds are outstanding, all stock earnings go into a sinking fund and no dividends are paid. Tolls must go only to maintenance, operation, and the allowed net return so stock and bonds stay at par.

State can take over reservoir assets

Wisconsin keeps the right to take ownership of the company’s reservoirs and related property. If the state does this, it must pay either the cash capital actually paid or the physical property’s value as set by the commission. The payment does not include any value for franchises or goodwill. This adds a public control option and limits what investors receive in a takeover.

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Sponsors & Cosponsors

Sponsors

  • Jesse James

    Republican • Senate

  • Brad Pfaff

    Democratic • Senate

  • Romaine Quinn

    Republican • Senate

  • Jeff Smith

    Democratic • Senate

Cosponsors

  • Steve Doyle

    Democratic • House

  • Chanz Green

    Republican • House

  • Clint Moses

    Republican • House

  • Jerry O'Connor

    Republican • House

  • Jim Piwowarczyk

    Republican • House

  • Melissa Ratcliff

    Democratic • Senate

  • Angela Stroud

    Democratic • House

  • Rob Summerfield

    Republican • House

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Published 8-9-2025

    8/11/2025Senate
  2. Report approved by the Governor on 8-8-2025. 2025 Wisconsin Act 31

    8/11/2025Senate
  3. Presented to the Governor on 8-7-2025

    8/7/2025Senate
  4. Report correctly enrolled

    6/26/2025Senate
  5. Received from Assembly concurred in

    6/24/2025Senate
  6. Ordered immediately messaged

    6/24/2025House
  7. Read a third time and concurred in

    6/24/2025House
  8. Rules suspended

    6/24/2025House
  9. Ordered to a third reading

    6/24/2025House
  10. Read a second time

    6/24/2025House
  11. Rules suspended to withdraw from calendar and take up

    6/24/2025House
  12. Representatives Emerson and Stubbs added as cosponsors

    6/24/2025House
  13. Read first time and referred to calendar of 6-24-2025

    6/20/2025House
  14. Received from Senate

    6/19/2025House
  15. Ordered immediately messaged

    6/18/2025Senate
  16. Read a third time and passed

    6/18/2025Senate
  17. Rules suspended to give bill its third reading

    6/18/2025Senate
  18. Ordered to a third reading

    6/18/2025Senate
  19. Read a second time

    6/18/2025Senate
  20. Senator Ratcliff added as a coauthor

    6/18/2025Senate
  21. Placed on calendar 6-18-2025 pursuant to Senate Rule 18(1)

    6/17/2025Senate
  22. Available for scheduling

    6/3/2025Senate
  23. Report passage recommended by Committee on Utilities, Technology and Tourism, Ayes 5, Noes 0

    6/3/2025Senate
  24. Executive action taken

    6/3/2025Senate
  25. Public hearing held

    5/20/2025Senate

Bill Text

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