Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
NICK BARBARA A
  2. Issuer Name and Ticker or Trading Symbol
WPS RESOURCES CORP [WPS]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Vice Pres, Corporate Services
(Last)
(First)
(Middle)
700 NORTH ADAMS STREET, P. O. BOX 19001
3. Date of Earliest Transaction (Month/Day/Year)
12/07/2006
(Street)

GREEN BAY, WI 54307-9001
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/07/2006   A   288 A $ 0 928 D  
Common Stock 12/07/2006   A   200 A $ 0 200 I by Spouse
Common Stock               2,113.1825 I By ESOP
Common Stock               15 I by Custodian for Son
Common Stock               3,826.8209 I by ESOP for Spouse
Common Stock               23.013 I by SIP Cust for Son
Common Stock               9.714 I by SIP Jt w/Spouse
Common Stock               38.012 I by SIP for Daughter

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (Right to buy) $ 52.73 (1) 12/07/2006   A   5,935   12/07/2007 12/07/2016 Common Stock 5,935 $ 0 5,935 D  
Performance Rights $ 0 (2) 12/07/2006   A   766   01/01/2010(3) 06/30/2010 Common Stock 766 $ 0 766 D  
Employee Stock Option (Right to buy) $ 34.09 (4)             12/13/2002 12/13/2011 Common Stock 968   968 D  
Employee Stock Option (Right to buy) $ 37.96 (5)             12/12/2003 12/12/2012 Common Stock 2,081   2,081 D  
Employee Stock Option (Right to buy) $ 44.73 (6)             12/10/2004 12/10/2013 Common Stock 4,242   4,242 D  
Employee Stock Option (Right to buy) $ 48.11 (7)             12/08/2005 12/08/2014 Common Stock 6,071   6,071 D  
Employee Stock Option (Right to buy) $ 54.85 (8)             12/07/2006 12/07/2015 Common Stock 6,491   6,491 D  
Employee Stock Option (Right to buy) $ 34.09 (4)             12/13/2002 12/13/2011 Common Stock 250   250 I by Spouse
Employee Stock Option (Right to buy) $ 37.96 (5)             12/12/2003 12/12/2012 Common Stock 375   375 I by Spouse
Employee Stock Option (Right to buy) $ 44.73 (6)             12/10/2004 12/10/2013 Common Stock 500   500 I by Spouse
Performance Rights $ 0 (2)             01/01/2007(3) 06/30/2007 Common Stock 572   572 D  
Performance Rights $ 0 (2)             01/01/2008(3) 06/30/2008 Common Stock 707   707 D  
Performance Rights $ 0 (2)             01/01/2009(3) 06/30/2009 Common Stock 905   905 D  
Performance Rights $ 0 (2)             01/01/2008(3) 06/30/2008 Common Stock 100   100 I by Spouse
Performance Rights $ 0 (2)             01/01/2009(3) 06/30/2009 Common Stock 200   200 I by Spouse
Phantom Stock Unit (9)               (10)   (11) Common Stock 4,531.2216   4,531.2216 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
NICK BARBARA A
700 NORTH ADAMS STREET
P. O. BOX 19001
GREEN BAY, WI 54307-9001
      Vice Pres, Corporate Services  

Signatures

 By: Barth J. Wolf For: Barbara A. Nick   12/11/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The option vests in four equal annual installments beginning on December 7, 2007.
(2) Performance shares vest and are issued three years after the performance shares are awarded and the final number of shares issued is determined based on company performance against an established industry benchmark.
(3) Performance shares vest and are issued three years after the performance shares are awarded and the final number of shares issued is determined based on company performance against an established industry benchmark.
(4) The option vests in four equal annual installments beginning on December 13, 2002.
(5) The option vests in four equal annual installments beginning on December 12, 2003.
(6) The option vests in four equal annual installments beginning on December 10, 2004.
(7) The option vests in four equal annual installments beginning on December 8, 2005.
(8) The option vests in four equal annual installments beginning on December 7, 2006.
(9) These phantom stock units convert to common stock on a one-for-one basis.
(10) Unless the participant has selected a later commencement date, distribution of stock and equivalents will commence within 60 days following the end of the calendar year in which occurs the participant's retirement or termination of service.
(11) Unless the participant has selected a later commencement date, distribution of stock and equivalents will commence within 60 days following the end of the calendar year in which occurs the participant's retirement or termination of service.

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