UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934

Date of Report: September 15, 2005    
(Date of earliest event reported)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

On September 15, 2005, the Board of Directors of WPS Resources Corporation approved the fiscal 2006 compensation arrangements for non-management directors, based upon the recommendations of the Board's Compensation Committee. In 2006, to the extent applicable, each of the non-management directors will receive:

• A $22,500 annual retainer,
  
• $1,500 for each in-person board meeting attended,
  
• $500 for each telephonic board meeting attended,
  
• $1,000 for each board committee meeting attended,
  
• $7,500 to serve as lead director,
  
• $7,500 to serve as chairman of the Audit Committee,
  
• $5,000 to serve as the chairman of the Compensation Committee, Financial Committee or Governance Committee, and
  
• A grant of deferred stock units of WPS Resources common stock under the terms of the Non-employee Director Deferred Compensation and Deferred Stock Unit Plan with a value of $40,000 on the date granted. Additional deferred stock units will be granted at each dividend date to reflect an equivalent dividend paid on WPS Resources common stock.

In addition, non-management directors are compensated for expenses incurred to attend board and committee meetings.

Employee directors receive no compensation for serving as directors.

3

<PAGE>

Exhibit Index to Form 8-K
Dated September 15, 2005