Exhibit 23.03


                 CONSENT OF INDEPENDENT ACCOUNTANTS


              We hereby consent to the incorporation by reference in the
Registration Statement No. 333-00415 on Form S-3 (relating to the Northern
States Power Company Dividend Reinvestment and Stock Purchase Plan),
Registration Statement No. 2-61264 on Form S-8 (relating to the Northern
States Power Company Employee Stock Ownership Plan), Registration Statement
No. 33-38700 on Form S-8 (relating to the Northern States Power Company
Executive Long-Term Incentive Award Stock Plan), and Registration Statement
No. 33-63243 on Form S-3 (relating to the Northern States Power Company
$300,000,000 Principal Amount of First Mortgage Bonds) of our report dated
January 29, 1997, relating to the consolidated financial statements of
Wisconsin Energy Corporation appearing in Wisconsin Energy Corporation's Form
10-K for the year ended December 31, 1996, which is incorporated by reference
in this Form 10-K. 





/s/

PRICE WATERHOUSE LLP
Milwaukee, Wisconsin
March 27, 1997