WEC SEC Filings

Wec Energy Group 8-K Report, Corporate Update (Nov 4, 2026)

Wec Energy Group Quarterly Report for Q3 Ended Sep 30, 2026

WEC Energy Group, Inc. reported third-quarter 2026 net income attributed to common shareholders of $389.3 million, or $1.18 diluted EPS, compared with $271.3 million, or $0.83 diluted EPS, in the third quarter of 2025. Operating revenues rose to $2,290.6 million from $2,104.0 million. For the nine months ended September 30, 2026, net income attributed to common shareholders was $1,492.9 million, or $4.54 diluted EPS, versus $1,240.9 million, or $3.85 diluted EPS a year earlier. The Wisconsin segment drove most of the increase, citing the Wisconsin rate orders effective January 1, 2026, higher retail sales from very large customers, and higher AFUDC-Equity. The company continues an aggressive capital plan. Capital expenditures including AFUDC-Debt were $3,318.7 million for the nine months ended September 30, 2026, and the company estimates total capital expenditures of $5,286.0 million for 2026, $8,408.0 million for 2027, and $9,078.0 million for 2028. Regulated utility capital expenditures are expected to be about $42.2 billion from 2027 to 2031. Long-term debt rose to $19,717.2 million noncurrent, and total debt was $22,756.0 million, or 60.9% of total capitalization on a GAAP basis (59.1% on the company's adjusted basis that treats certain junior notes as equity). Common equity issuances under the at-the-market program provided $382.5 million of net cash in the nine months. Key pending items include rate requests at WE, WPS and WG with decisions expected in the fourth quarter of 2026, PGL and NSG rate requests with an ICC decision anticipated in the fourth quarter of 2026, and the proposed Weston Unit 4 and Whitetail Wind acquisitions. The company also reported a $130.0 million PGL impairment recorded in the fourth quarter of 2025 tied to a QIP rider settlement, and continued storm-related impairments at its solar facilities.

Wec Energy Group 8-K Report, Financial Results (Oct 29, 2026)

WEC Energy Group, Inc. reported third-quarter 2026 net income attributed to common shareholders of $389.3 million, or $1.18 per diluted share, compared with $271.3 million, or $0.83 per diluted share, in the third quarter of 2025. For the nine months ended September 30, 2026, net income attributed to common shareholders was $1.49 billion, or $4.54 per diluted share, versus $1.24 billion, or $3.85 per diluted share, a year earlier. Consolidated revenues for the nine months were $7.8 billion, up $523.9 million from the prior-year period. Management attributed the results to warmer-than-normal weather, execution of its capital plan and operating efficiency. The company raised and narrowed its 2026 earnings guidance to $5.60 to $5.64 per diluted share, from the previously announced range of $5.51 to $5.61. The filing states the revision is largely due to favorable weather and capital investment supported by Very Large Customers (VLCs), and assumes normal weather for the remainder of the year. Retail electricity deliveries, excluding the iron ore mine in Michigan's Upper Peninsula and VLCs in Wisconsin, rose 3.3 percent in the third quarter, or 0.4 percent on a weather-normal basis. The nine-month cash flow statement shows net cash provided by operating activities of $3,413.1 million, up from $2,954.8 million, while capital expenditures, including AFUDC-Debt, were $3,318.7 million versus $3,120.0 million. Long-term debt stood at $19,717.2 million at September 30, 2026, up from $18,498.1 million at December 31, 2025. The filing furnishes the full earnings press release as Exhibit 99.1.

Wec Energy Group 8-K Report, Regulation FD Disclosure (Sep 4, 2026)

WEC Energy Group, Inc. filed this Form 8-K on September 4, 2026 under Item 7.01 (Regulation FD Disclosure) to furnish an investor update presentation (Exhibit 99.1) for upcoming meetings with investors. The filing itself contains no new financial results, guidance changes, or transactions beyond what the slides present. The September 2026 investor update reiterates a 2026 adjusted EPS guidance midpoint of $5.56 per share, a dividend raised 6.7% in January to an annualized $3.81 per share, and an expected dividend growth rate of 6.5-7%. The company projects a 2026-2030 capital plan of $37.5 billion, described as its largest five-year plan, supporting long-term EPS growth of 7.0% to 8.0%. It also shows an average asset base projected to reach $59.6 billion in 2030, up from $34.2 billion in 2025. Key pending regulatory items include Wisconsin and Illinois rate reviews with decisions expected in Q4 2026 for new rates effective January 1, 2027, the Point Beach power purchase agreement extension with NextEra (seeking PSCW approval), and the Oak Creek combustion turbine project. Load growth is driven largely by data center demand along the I-94 corridor, with the slides citing 2.6 GW of forecasted demand through 2030.

Wec Energy Group 8-K Report, Material Agreement (Aug 18, 2026)

WEC Energy Group, Inc. and Wisconsin Electric Power Company (WEPCO) filed this Form 8-K under Item 1.01 (Entry into a Material Definitive Agreement) to report that on August 14, 2026, WEPCO entered into a Power Purchase Agreement with NextEra Energy Point Beach LLC (NEPB) to purchase 86% of the capacity, energy, ancillary services and environmental attributes of each of Unit 1 and Unit 2 of the Point Beach Nuclear Power Plant. The PPA has a 20-year term for each unit: Unit 1 from October 6, 2030 through October 5, 2050, and Unit 2 from March 9, 2033 through March 8, 2053. The agreement is subject to approval by the Public Service Commission of Wisconsin (PSCW), which WEPCO is actively seeking. Either party may terminate the PPA if PSCW approval has not been obtained by January 1, 2028, though that date extends automatically to July 1, 2028 if approval is still obtainable and WEPCO is pursuing it in good faith. The filing states that, if approved, the new PPA will produce savings for customers compared with the current NEPB-WEPCO power purchase agreement, which expires October 5, 2030 for Unit 1 and March 8, 2033 for Unit 2. No dollar amounts of savings are quantified in the filing.

Wec Energy Group 8-K Report, Executive Changes (Aug 11, 2026)

WEC Energy Group, Inc. filed this Form 8-K dated August 11, 2026 under Item 5.02 to announce a senior leadership change in its finance organization. The filing states that Caroline Garcia, age 50, will serve as Vice President and Controller effective August 31, 2026. She currently serves as Director of Audit Services at TXNM Energy, a position she has held since 2024, and previously spent nearly 25 years at KPMG LLP, most recently as an Audit Partner, with a primary focus on the energy, utility and natural resources sectors. She is a Certified Public Accountant. In connection with the appointment, the filing sets Ms. Garcia's annual base salary at $335,000, with a target award under the Company's short-term performance plan of 50% of base salary and a long-term incentive plan target of 70% of base salary. Both the short-term award and base salary are prorated to her August 31, 2026 start date, and her first long-term awards will be made effective with the 2027 award. She will be eligible to participate in the Company's 401(k) Plan, Executive Deferred Compensation Plan and other benefit plans. Ms. Garcia succeeds William J. Guc, who, as previously reported, notified the Company that he intends to retire in early 2027. Effective August 31, 2026, Mr. Guc will become special advisor to the Chief Financial Officer to help ensure a smooth transition. The filing is signed by Mr. Guc in his current capacity as Vice President and Controller.

Wec Energy Group Quarterly Report for Q2 Ended Jun 30, 2026

WEC Energy Group, Inc. reported net income attributed to common shareholders of $299.2 million, or $0.91 diluted EPS, for the three months ended June 30, 2026, compared with $245.4 million, or $0.76 diluted EPS, a year earlier. For the six months, net income attributed to common shareholders was $1,103.6 million, or $3.36 diluted EPS, versus $969.6 million, or $3.02 diluted EPS. The Wisconsin segment drove much of the increase, citing higher margins from Wisconsin rate orders effective January 1, 2026, while the non-utility energy infrastructure segment also improved on higher WECI operating income. Capital spending rose sharply, with capital expenditures of $2,079.9 million in the first six months of 2026 versus $1,530.5 million a year earlier. The company's capital plan now totals $37.5 billion, with $33.4 billion of regulated utility capital expenditures forecast from 2026 to 2030. Total debt was $22,563.9 million at June 30, 2026, a debt-to-total-capitalization ratio of 61.4% on an actual basis, and the company issued $1,804.2 million of long-term debt in the first half. Current liabilities exceeded current assets by $2,426.6 million. Key pending items include Wisconsin electric and gas rate requests for 2027 and 2028, with a PSCW decision expected in the fourth quarter of 2026, and a PGL/NSG natural gas rate request with an ICC decision anticipated in the fourth quarter of 2026. The Very Large Customer and Bespoke Resources tariffs were approved by the PSCW on May 21, 2026, and the filing notes a peak collateral requirement of approximately $7 billion for the related customer contracts.

Wec Energy Group 8-K Report, Regulation FD Disclosure (Aug 3, 2026)

WEC Energy Group, Inc. filed a Form 8-K on August 3, 2026 under Item 7.01 (Regulation FD Disclosure) to furnish an August 2026 investor update presentation (Exhibit 99.1) for use in upcoming meetings with investors. The filing itself contains no new financial results; its substance is the presentation, which reaffirms a 2026 adjusted EPS guidance midpoint of $5.56 per share (range $5.51-$5.61), a long-term EPS growth outlook of 7.0% to 8.0% compound annually, and a dividend growth expectation of 6.5% to 7%. The company reports an annualized dividend of $3.81 per share after a 6.7% increase in January 2026, its 23rd consecutive year of dividend increases, and a targeted payout ratio of 65-70% of earnings. The presentation highlights a 2026-2030 capital plan totaling $37.5 billion, described as the largest five-year capital plan in company history, with electric generation, renewables, LNG storage, and transmission as major components. Growth is driven largely by data center demand: the presentation cites a Microsoft data center investment of $20+ billion in Mount Pleasant with Phase 1 operations commenced in April 2026, and a Vantage Data Centers campus in Port Washington with $15+ billion expected investment. It also identifies a projected 2.6 GW of demand forecast through 2030 along the I-94 corridor and 2026-2030 financing needs including projected cash from operations of $20.5-$21.5 billion and incremental debt of $14.2-$14.8 billion. Regulatory developments include approval of the Wisconsin Very Large Customer tariff, approval of an Illinois rider settlement resolving 12 open dockets for approximately $2.3 billion excluding carry costs, and pending Wisconsin and Illinois rate reviews with orders expected in Q4 2026 for new rates effective January 1, 2027. The presentation also notes that the company has paused its near-term carbon reduction goals while maintaining its long-term net carbon neutral electric generation goal by 2050.

Wec Energy Group 8-K Report, Financial Results (Jul 29, 2026)

WEC Energy Group, Inc. reported second-quarter 2026 net income attributed to common shareholders of $299.2 million, or 91 cents per diluted share, up from $245.4 million, or 76 cents per share, in the second quarter of 2025. For the first six months of 2026, net income attributed to common shareholders was $1.1 billion, or $3.36 per diluted share, compared with $969.6 million, or $3.02 per share, a year earlier. Consolidated revenues for the first half totaled $5.5 billion, up $337.3 million from the first half of 2025. The company reaffirmed its 2026 earnings guidance of $5.51 to $5.61 per share, assuming normal weather for the remainder of the year. On the sales side, retail electricity deliveries excluding the Michigan iron ore mine and Wisconsin Very Large Customers were essentially flat in the second quarter versus a year ago. Large commercial and industrial use rose 0.9 percent, small commercial and industrial use fell 0.2 percent, and residential use decreased 1.1 percent. On a weather-normal basis, deliveries on the same basis increased 1.2 percent. The balance sheet and cash flow data show heavy investment activity. For the six months ended June 30, 2026, capital expenditures were $2.08 billion, compared with $1.53 billion a year earlier, and net cash provided by operating activities was $2.21 billion. Long-term debt rose to $19.2 billion from $18.5 billion at December 31, 2025, and total assets reached $52.75 billion. The filing itself is a Form 8-K furnishing the earnings press release under Item 2.02.

Wec Energy Group 8-K Report, Regulation FD Disclosure (Jun 1, 2026)

WEC Energy Group, Inc. filed this Form 8-K on June 1, 2026 under Item 7.01 (Regulation FD Disclosure) to furnish presentation slides for upcoming investor meetings as Exhibit 99.1. The filing itself contains no new financial results; the substance lies in the investor update deck. The deck states the company had a $36.9 billion market cap as of May 22, 2026, 4.8 million retail customers and $51.7 billion of assets, and it presents a 2026-2030 capital plan of $37.5 billion, described as the largest five-year capital plan in company history, supporting 7.0% to 8.0% long-term EPS growth. Key regulatory developments cited include Wisconsin Public Service Commission approval of a Very Large Customer tariff (written order received May 21, 2026) and Illinois Commerce Commission approval of a rider settlement resolving 12 open dockets for approximately $2.3 billion, excluding carry costs. The company also reports pending Wisconsin and Illinois rate reviews with decisions expected in Q4 2026 for new rates effective January 1, 2027. The deck cites 2026 EPS guidance of $5.51 to $5.61, a dividend raised 6.7% to an annualized $3.81 per share, and a projected dividend growth rate of 6.5% to 7%. The deck also highlights data center-driven load growth along the I-94 corridor, a projected 2.6 GW of demand through 2030, and the planned retirement of Oak Creek Units 7-8 by the end of 2027. The company notes it has paused its near-term carbon reduction goals while keeping its 2050 net carbon neutral target. Investors should weigh the growth outlook against the heavy regulatory calendar and the reliance on incremental debt and equity to fund the plan.

Wec Energy Group 8-K Report, Shareholder Vote Results (May 12, 2026)

WEC Energy Group, Inc. filed this Form 8-K dated May 12, 2026, to report the results of its Annual Meeting of stockholders held on May 7, 2026. Stockholders elected all twelve director nominees, including Warner L. Baxter, Ave M. Bie, Danny L. Cunningham, William M. Farrow III, Cristina A. Garcia-Thomas, Maria C. Green, Thomas K. Lane, John D. Lange, Scott J. Lauber, Ulice Payne, Jr., Mary Ellen Stanek, and Glen E. Tellock, each to a term expiring in 2027. Stockholders also ratified Deloitte & Touche LLP as independent auditors for 2026 and approved, on an advisory basis, the compensation of the named executive officers. Three proposals were not approved. Stockholders did not approve the amendment to the Restated Articles of Incorporation or the amendment to the Bylaws that would have eliminated supermajority voting requirements. They also did not approve a stockholder proposal to govern by majority vote, which received 94,181,325 votes for and 156,193,461 votes against. The filing is limited to the voting results. It reports vote tallies for each proposal, including votes for, votes against, abstentions, and broker non-votes, and is signed by William J. Guc, Vice President and Controller.

Wec Energy Group 8-K Report, Regulation FD Disclosure (May 11, 2026)

WEC Energy Group, Inc. filed a Form 8-K on May 11, 2026 under Item 7.01 (Regulation FD Disclosure) to furnish presentation slides for its May 2026 Investor Update (Exhibit 99.1), to be used in upcoming meetings with investors. The filing itself contains no financial statements; the substantive information is in the investor presentation. The presentation reiterates 2026 EPS guidance of $5.51-$5.61 (midpoint $5.56), a long-term adjusted EPS growth outlook of 7.0% to 8.0%, a dividend growth expectation of 6.5-7%, and a 2026-2030 capital plan of $37.5 billion, described as the largest five-year capital plan in company history. The presentation highlights several regulatory and growth developments. In Wisconsin, a Very Large Customer tariff received verbal approval on April 24, 2026, subject to a final PSCW written order, and rate applications filed April 1 propose 2027 electric and gas base rate increases for Wisconsin Electric, Wisconsin Gas and Wisconsin Public Service, with orders expected in Q4 2026. In Illinois, Peoples Gas and North Shore Gas reached a proposed settlement covering 12 open dockets for approximately $2.3 billion, excluding carry costs, pending ICC approval, and filed January 2026 rate applications seeking a proposed base rate increase of $201.3 million for Peoples Gas and $12.7 million for North Shore Gas. The company projects 2.6 GW of demand through 2030 along the I-94 corridor and 1.3 GW in Port Washington, and has paused its near-term carbon reduction goals while keeping its 2050 net carbon neutral goal. The presentation also discloses the company's market capitalization of $38.4 billion as of April 30, 2026, and projected 2026-2030 financing needs, including incremental debt of $14.2 to $14.8 billion, and net liquidity of $1.8 billion as of April 30, 2026. Investors should treat the presentation as forward-looking, as it carries the company's standard cautionary statement regarding risks including rate case outcomes, data center demand, and regulatory decisions.

Wec Energy Group 8-K Report, Executive Changes (May 8, 2026)

WEC Energy Group, Inc. filed a Form 8-K dated May 8, 2026 under Item 5.02, which reports a change in board leadership and a compensation action for a departing executive. Gale Klappa completed his service as Chairman of the Board on May 7, 2026, having reached the applicable retirement age under WEC Energy Group's Corporate Governance Guidelines. On May 4, 2026, the Compensation Committee approved the acceleration of vesting of Mr. Klappa's unvested restricted stock, consisting of approximately 1,616 shares, effective May 7, 2026. The Committee cited his years of service and contributions to the company's success as the basis for the action. The filing is limited to this leadership transition and equity vesting acceleration. It does not state a successor Chairman, any financial results, or any other material corporate event.

Wec Energy Group Quarterly Report for Q1 Ended Mar 31, 2026

WEC Energy Group, Inc. reported net income attributed to common shareholders of $804.4 million, or $2.45 diluted EPS, for the three months ended March 31, 2026, up from $724.2 million, or $2.27 diluted EPS, a year earlier. Operating revenues rose to $3,434.2 million from $3,149.5 million. The filing attributes the $80.2 million earnings increase mainly to higher margins at the Wisconsin segment from rate orders effective January 1, 2026, along with gains at the non-utility energy infrastructure and Illinois segments. The company is pursuing a large capital plan. It expects total capital expenditures for its regulated utilities of approximately $33.4 billion from 2026 to 2030, and about $4.1 billion for its share of ATC's capital expenditures over the same period. The filing also cites expected load growth from data centers, including up to 2.6 GWs in the Milwaukee-to-Chicago corridor through 2030, and the PSCW's verbal approval on April 24, 2026 of new Very Large Customer and Bespoke Resources tariffs, with a final written order expected by the end of May 2026. Pending regulatory matters include Wisconsin 2027 and 2028 rate requests and a PGL/NSG Illinois rate request filed in January 2026. Balance sheet leverage is notable. Total debt was $21,947.4 million at March 31, 2026, a 60.8% ratio of debt to total capitalization on an actual basis, or 58.9% on the company's adjusted basis that treats certain Junior Notes partly as equity. Current liabilities exceeded current assets by $1,408.4 million. The company also disclosed an April 1, 2026 decision to extend the operating lives of Oak Creek Units 7 and 8 through 2027.

Wec Energy Group 8-K Report, Financial Results (May 5, 2026)

WEC Energy Group, Inc. filed a Form 8-K on May 5, 2026 to furnish its press release reporting first-quarter 2026 results for the quarter ended March 31, 2026. Net income attributed to common shareholders was $804.4 million, or $2.45 per diluted share, compared with $724.2 million, or $2.27 per diluted share, in the first quarter of 2025. Consolidated operating revenues were $3,434.2 million, up $284.7 million from the prior-year quarter, and operating income rose to $980.0 million from $937.5 million. Management attributed the results to the continued execution of its capital plan and a focus on operating efficiencies. Capital expenditures were $817.9 million in the quarter, versus $701.1 million a year earlier. Retail electricity deliveries, excluding the Michigan iron ore mine, rose 1.1 percent, or 1.3 percent on a weather-normal basis, while Wisconsin natural gas deliveries (excluding power generation) fell 3.5 percent. The company reaffirmed its 2026 earnings guidance of $5.51 to $5.61 per share, assuming normal weather for the rest of the year. Balance sheet activity shows long-term debt increasing to $19,381.8 million from $18,498.1 million at year-end 2025, while short-term debt rose to $2,045.2 million. Cash provided by operating activities was $1,218.4 million, compared with $1,162.6 million in the prior-year period. Common dividends paid were $310.1 million, and dividends per share were $0.9525, up from $0.8925.

Wec Energy Group 8-K Report, Regulation FD Disclosure (Apr 1, 2026)

WEC Energy Group, Inc. (WEC) filed a Form 8-K on April 1, 2026, reporting three items: Regulation FD slides for upcoming investor meetings (Exhibit 99.1), Wisconsin rate requests, and a decision to extend the operating lives of Oak Creek Power Plant Units 7 and 8. Its Wisconsin utility subsidiaries Wisconsin Electric Power Company, Wisconsin Gas LLC and Wisconsin Public Service Corporation filed requests with the Public Service Commission of Wisconsin to set electric and natural gas rates for 2027 and 2028, and Wisconsin Electric's filing also requests steam rates. The presentation states that proposed base rate increases for Wisconsin Electric's electric business are 4.7% in 2027 and 4.5% in 2028, with an order expected in Q4 2026 for rates effective January 1, 2027 and 2028. The filing states that Wisconsin Electric plans to keep Oak Creek Units 7 and 8 available through 2027, rather than retiring them at the end of 2026, citing reliability and affordability after tight Midwest energy supply and higher energy costs during extreme winter temperatures. The units are described as a bridge until new dispatchable generation comes online, expected in late 2027. The accompanying presentation also reaffirms a 2026-2030 capital plan of $37.5 billion, which it says supports 7.0% to 8.0% long-term EPS growth, and a dividend growth target of 6.5% to 7%. The presentation also reports 2026 EPS guidance with a midpoint of $5.56 per share, a January 2026 dividend increase to an annualized $3.81 per share, and an Illinois settlement proposal for Peoples Gas and North Shore Gas covering about $2.3 billion across 12 dockets, subject to Illinois Commerce Commission approval. Investors will likely focus on the regulatory outcomes in Wisconsin and Illinois, the planned generation and capital spending, and the data center demand growth the company cites.

Wec Energy Group 8-K Report, Regulation FD Disclosure (Mar 2, 2026)

WEC Energy Group, Inc. filed this Form 8-K on March 2, 2026 under Item 7.01 (Regulation FD Disclosure) to furnish presentation slides for its upcoming investor meetings as Exhibit 99.1. The filing itself contains no new financial results; the substance lies in the Investor Update: March 2026 deck. Key points management emphasizes include a 2026 EPS guidance midpoint of $5.56 per share, a dividend raised 6.7% in January to an annualized $3.81 per share with expected growth of 6.5-7%, and a 2026-2030 capital plan increased by $1 billion to $37.5 billion, which management says supports 7.0% to 8.0% long-term EPS growth. The deck highlights several load-growth and regulatory developments. Microsoft's January 2026 update adds 500 MW of demand, bringing forecasted I-94 corridor demand to 2.6 GW through 2030. Peoples Gas and North Shore Gas reached a proposed settlement with the Illinois Attorney General covering 12 open dockets totaling approximately $2.3 billion, excluding carry costs, subject to Illinois Commerce Commission approval. In January, the Illinois utilities also filed rate applications, with an order expected in Q4 2026 for rates effective January 1, 2027. The Wisconsin Very Large Customer tariff, which applies to customers with 500 MW or more of new load, is awaiting a Public Service Commission of Wisconsin order required by May 1, 2026. The deck also outlines the planned exit from coal and the financing plan. Management projects cash from operations of $20.5-21.5 billion over 2026-2030, with incremental debt of $14.2-14.8 billion, including $5.0-6.0 billion of junior subordinated notes or securities with equity content. The company reports $1.3 billion of net liquidity as of January 31, 2026, and credit ratings of A- from S&P and Baa1 from Moody's at the holding company level. Management also states that it has paused its near-term carbon reduction goals while keeping its 2050 net carbon neutral electric generation target.

Wec Energy Group 8-K Report, Corporate Update (Feb 26, 2026)

WEC Energy Group, Inc. filed a Current Report on Form 8-K dated February 26, 2026, disclosing under Item 8.01 (Other Events) that on February 23, 2026 it entered into an Underwriting Agreement to issue and sell an additional $400,000,000 aggregate principal amount of its 4.75% Senior Notes due January 15, 2028. The offering is being made under the company's Form S-3 registration statement (Registration No. 333-281253). The additional notes are part of the same series as the $450,000,000 4.75% Senior Notes due January 15, 2028 that the company issued on January 11, 2023. Upon completion of this offering, the aggregate principal amount of outstanding 2028 Notes will be $850,000,000. The filing's exhibits include the underwriting agreement with BofA Securities, Inc. and U.S. Bancorp Investments, Inc. as representatives of the underwriters, legal opinions from WEC Business Services LLC and Troutman Pepper Locke LLP, and the Securities Resolution No. 14 effective January 9, 2023 under the company's existing Indenture for Debt Securities.

Wec Energy Group Annual Report, Year Ended Dec 31, 2025

WEC Energy Group, Inc. reported 2025 net income attributed to common shareholders of $1,557.5 million, up from $1,527.2 million in 2024, with diluted EPS of $4.81 versus $4.83. The increase was driven primarily by the Wisconsin segment, which contributed $1,054.8 million (up $191.7 million) on higher margins from the Wisconsin rate orders effective January 1, 2025, higher retail sales volumes and certain income tax benefits. These gains were offset largely by a $130.0 million decline in the Illinois segment, which reflects a $205.0 million pre-tax charge tied to a proposed settlement with the Illinois Attorney General resolving open UEA and QIP rider proceedings, and by a $74.6 million increase in the corporate and other segment net loss driven by higher interest expense. Capital spending rose sharply to $4,398.1 million in 2025 from $2,781.1 million in 2024. The company plans total capital expenditures for its regulated utilities of approximately $33.4 billion from 2026 to 2030, plus about $4.1 billion for its share of ATC's projected capex, and has identified large data center load growth in its Wisconsin service territory, including VLC and Bespoke Resources tariffs pending before the PSCW. Total debt was $21,942.2 million at year-end, a debt-to-total-capitalization ratio of 61.7%, and the Board raised the quarterly dividend 6.7% to $0.9525 per share in January 2026. Key risks highlighted include the pending ICC approval of the PGL and NSG settlement, the outcome of the VLC tariff proceeding, ongoing QIP reconciliations for 2017 through 2023 with approximately $3.0 billion of aggregate capital costs under review, regulatory and environmental changes, and tax credit transferability under the OBBBA. Operating cash flow was $3,379.4 million, and investing outflows of $4,874.7 million were funded largely by net financing inflows of $1,524.0 million.

Wec Energy Group 8-K Report, Regulation FD Disclosure (Feb 6, 2026)

WEC Energy Group, Inc. filed this Form 8-K under Item 7.01 (Regulation FD Disclosure) on February 6, 2026, to furnish presentation slides (Exhibit 99.1, "Energizing the Future Investor Update: February 2026") for upcoming meetings with investors. The filing itself contains no new financial results; its substance is in the slides, which reaffirm 2026 EPS guidance of $5.51-$5.61 (midpoint $5.56), a 2026-2030 capital plan of $37.5 billion (raised by $1 billion, including about $1 billion of incremental investment tied to Microsoft's January 2026 demand update), and long-term EPS growth of 7.0% to 8.0%. Key dividend information in the slides: the dividend was raised 6.7% in January to an annualized rate of $3.81 per share, the 23rd consecutive year of increases, with management expecting dividend growth of 6.5% to 7% and targeting a 65% to 70% payout ratio. The company also stated that 100% of its capital is allocated to regulated businesses. Regulatory items include a proposed Illinois settlement of approximately $2.3 billion across 12 open dockets (subject to Illinois Commerce Commission approval), new Illinois gas rate filings for Peoples Gas and North Shore Gas with an order expected in Q4 2026, and a pending Wisconsin Very Large Customer tariff with a PSCW decision expected by May 1, 2026. For investors, the presentation highlights data-center-driven load growth along the I-94 corridor (2.6 GW forecast through 2030) and in Port Washington (1.3 GW), a projected 2025 average asset base of $34.2 billion growing to $59.6 billion in 2030, and a projected financing plan of $14.2 to $14.8 billion of incremental debt over 2026-2030. The slides also disclose an 8-K-filed earnings metric: 2025 adjusted EPS of $5.27 versus GAAP EPS of $4.81.

Wec Energy Group 8-K Report, Financial Results (Feb 5, 2026)

WEC Energy Group, Inc. filed an 8-K on February 5, 2026, furnishing a press release (Exhibit 99.1) reporting results for the quarter and year ended December 31, 2025. For full-year 2025, net income attributed to common shareholders was $1.56 billion, or $4.81 per diluted share, compared with $1.53 billion, or $4.83 per share, in 2024. Results include a charge of 46 cents per share tied to a proposed settlement with the Illinois Attorney General resolving open proceedings over the Qualifying Infrastructure Plant (QIP) and Uncollectible Expense Adjustment (UEA) riders. Excluding that charge, adjusted full-year 2025 EPS was $5.27, up 8.0 percent from $4.88 in 2024. Fourth-quarter 2025 GAAP EPS was 97 cents, versus $1.43 a year earlier, and adjusted EPS was $1.42. Consolidated operating revenues for 2025 were $9.8 billion, up $1.2 billion from 2024. The income statement also shows a $130.0 million impairment related to the Illinois segment in both the fourth quarter and full year 2025. Capital expenditures rose to $4.40 billion in 2025 from $2.78 billion in 2024, and the company completed the acquisition of Hardin Solar Energy III LLC for $406.1 million net of cash acquired. Long-term debt increased to $18.50 billion, and short-term debt rose to $1.92 billion. Management reaffirmed 2026 calendar-year EPS guidance of $5.51 to $5.61 and a long-term EPS growth projection of 7 to 8 percent on a compound annual basis over the next five years. The board declared a quarterly dividend of 95.25 cents per share, a 6.7 percent increase, marking the 23rd consecutive year of higher dividends.

Wec Energy Group 8-K Report, Financial Results (Feb 3, 2026)

On February 3, 2026, WEC Energy Group, Inc. disclosed that its Illinois utility subsidiaries, The Peoples Gas Light and Coke Company (PGL) and North Shore Gas Company (NSG), agreed to a proposed settlement with the People of the State of Illinois, represented by Attorney General Kwame Raoul. If approved by the Illinois Commerce Commission after a public review process, the settlement would resolve all open proceedings related to the Qualifying Infrastructure Plant (QIP) rider and the Uncollectible Expense Adjustment (UEA) rider. The QIP proceedings cover reconciliations from 2017 to 2023, when the rider sunset, and the UEA proceedings cover reconciliations from 2019 to 2023. Under the settlement, PGL would permanently remove $130.0 million of qualified infrastructure investment costs from rate base starting in 2027 and distribute $75.0 million to customers as bill credits over 2026-2028. PGL and NSG would distribute $49.0 million and $1.0 million, respectively, as bill credits over 2026-2028 to resolve the UEA proceedings. WEC Energy states that its 2025 financial results will reflect a $205 million, or $0.46 per share, charge, compared with the $150 million charge it previously said it expected to record in 2025. The combined rate base reduction and bill-credit obligation recorded on the balance sheet at December 31, 2025 totals $255.0 million. The filing is furnished under Item 2.02 (Results of Operations and Financial Condition) and includes standard forward-looking statement cautions. Settlement approval by the Illinois Commerce Commission remains subject to a public review process.

Wec Energy Group 8-K Report, Financial Results (Jan 5, 2026)

WEC Energy Group, Inc. (WEC) disclosed in its January 5, 2026 Form 8-K that 2025 results are expected to reflect a $150 million charge related to an increase in reserves. The charge stems from additional analysis of recent Illinois Commerce Commission (ICC) orders, disallowance recommendations by interveners on unresolved Qualifying Infrastructure Plant (QIP) and Uncollectible Expense Adjustment (UEA) expense reconciliation dockets, and related testimony and data requests. The company states the charge equals $0.34 per share, lowering 2025 GAAP earnings guidance to $4.83 to $4.93 per share. Excluding the charge, adjusted (non-GAAP) 2025 guidance is unchanged at $5.17 to $5.27 per share, with management expecting to reach the upper end of that range. The filing also reports that Peoples Gas Light and Coke Company and North Shore Gas Company, Illinois utility subsidiaries, filed requests with the ICC on January 5, 2026 to establish new rates effective in 2027. According to the presentation slides incorporated by reference, Peoples Gas seeks a proposed base rate increase of $202.2 million and North Shore Gas seeks $14.4 million, with a proposed 10.10% ROE and 54.0% equity ratio for both. A decision is expected in Q4 2026. WEC plans to report full 2025 results on its year-end earnings call scheduled for February 5, 2026. The Regulation FD exhibit (Exhibit 99.1) is an investor update presentation with updated 2026 guidance of $5.51 to $5.61 per share, a 2026-2030 capital plan of $36.5 billion (up $8.5 billion from the prior plan), and long-term EPS growth expectations of 7.0% to 8.0%.

Wec Energy Group 8-K Report, Executive Changes (Dec 5, 2025)

WEC Energy Group, Inc. filed this Current Report on Form 8-K under Item 5.02 (Departure of Directors or Certain Officers; Compensatory Arrangements of Certain Officers) on December 5, 2025, disclosing the performance measures set by its Compensation Committee on December 4, 2025 for executive pay programs. The filing covers the 2026 plan year under the WEC Energy Group Short-Term Performance Plan and the 2026 performance unit awards under the Performance Unit Plan. It does not report financial results, earnings figures, or any change in directors or officers. For the 2026 annual incentive, named executive officers at the corporate level will be weighted 75% on earnings per share and 25% on cash flow, measured against WEC Energy Group targets. Awards can be adjusted up to 10% based on customer satisfaction (5%), safety (2.5%) and supplier diversity and workforce development (2.5%). Wisconsin utility-focused executives face a different mix, with 25% earnings per share, 25% cash flow and 50% aggregate net income of the Wisconsin utility operations, plus the same up-to-10% adjustment with allocations adjusted for Wisconsin-specific supplier diversity and workforce development. For the 2026 performance unit awards, vesting will depend on three-year total shareholder return relative to a custom peer group (55%) and the weighted average authorized return on equity of WEC's utility subsidiaries (45%). A price-to-earnings ratio relative to peers can increase vesting by up to 25%, and vesting cannot exceed 200% of target. For investors, the filing mainly signals how management incentives are tied to earnings per share, cash flow, shareholder return and utility returns.

Wec Energy Group 8-K Report, Regulation FD Disclosure (Dec 5, 2025)

WEC Energy Group, Inc. filed a Form 8-K on December 5, 2025 under Item 7.01 (Regulation FD Disclosure) to furnish presentation slides for its Energizing the Future Investor Update: December 2025, to be used in upcoming meetings with investors. The filing itself contains no financial statements; its substance is in the attached Exhibit 99.1 slides, which describe the company's outlook. The slides present a 2026-2030 capital plan of $36.5 billion, which is $8.5 billion more than the previous five-year plan. Stated drivers include $3.4 billion for natural gas generation, $2.5 billion for regulated renewables, and $1.5 billion for the Pipe Retirement Program. The company cites 2026 EPS guidance midpoint of $5.56 per share and a long-term EPS growth outlook of 7.0% to 8.0%. The board announced on December 4, 2025 a plan to raise the quarterly dividend to 95.25 cents per share for the first quarter of 2026, an annual rate of $3.81 per share, and the company expects to grow the dividend at 6.5% to 7%. The slides also highlight large-load demand: 2.1 GW of forecasted demand through 2030 along the I-94 corridor, including a Microsoft data center, and 1.3 GW tied to a Vantage Data Centers campus in Port Washington. A Very Large Customer tariff filed March 31, 2025 awaits PSCW approval, with an order required by May 1, 2026. The company reports a 2026-2030 financing plan with $20.5 to $21.5 billion of cash from operations and $13.7 to $14.3 billion of incremental debt.

Wec Energy Group 8-K Report, Regulation FD Disclosure (Nov 7, 2025)

WEC Energy Group, Inc. furnished an 8-K under Item 7.01 (Regulation FD) on November 7, 2025, attaching presentation slides (Exhibit 99.1) for its November 2025 Investor Update, to be used in upcoming meetings with investors. The presentation sets 2025 adjusted EPS guidance of $5.17-$5.27 per share, projects EPS growth of 7.0% to 8.0% from 2026 to 2030 with a 2025 guidance midpoint of $5.22 per share as the base, and states that the company expects to grow its dividend at a rate of 6.5-7%, targeting a payout ratio of 65-70% of earnings. The central driver of the outlook is a 2026-2030 capital plan of $36.5 billion, which the company describes as $8.5 billion higher than its previous five-year plan. The largest increases are in natural gas generation ($3.4 billion) and regulated renewables ($2.5 billion), with pipe replacement and transmission also rising. The presentation highlights large data center demand in Wisconsin, including a Microsoft investment of more than $7 billion and a Vantage Data Centers campus with $15+ billion of planned investment in Port Washington. It also introduces a Very Large Customer tariff, which is subject to PSCW approval, with an order required by May 1, 2026. The presentation projects total financing of $32.3 billion in cash uses over 2026-2030, funded by $20.5-$21.5 billion of cash from operations, $4.8-$5.2 billion of common equity, and $13.7-$14.3 billion of incremental debt. It states that the company's credit ratings are A- (S&P) and Baa1 (Moody's) at the holding company level, and that it targets S&P FFO to debt above 15% and Moody's CFO pre-working capital to debt above 16%.

Wec Energy Group 8-K Report, Corporate Update (Nov 6, 2025)

WEC Energy Group, Inc. filed a Form 8-K on November 6, 2025 to report that on November 3, 2025 it entered into an Underwriting Agreement for the issue and sale of $600,000,000 aggregate principal amount of 5.625% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2056. The notes are being sold in an offering registered under the Securities Act of 1933 pursuant to a Form S-3 registration statement (Registration No. 333-281253). The filing lists the underwriting agreement with Barclays Capital Inc., BofA Securities, Inc., Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, U.S. Bancorp Investments, Inc., and Wells Fargo Securities, LLC as representatives of the several underwriters. It also includes a Securities Resolution No. 18, effective November 3, 2025, under the company's 1999 Indenture with The Bank of New York Mellon Trust Company, N.A. as trustee, along with a legal opinion and consent from Joshua M. Erickson, Vice President and Deputy General Counsel of WEC Business Services LLC. For investors, the key takeaway is a new $600 million junior subordinated debt issuance with a fixed 5.625% coupon that resets, due 2056. The filing does not state the use of proceeds, pricing terms beyond the coupon, or the offering closing date.

Wec Energy Group 8-K Report, Corporate Update (Oct 31, 2025)

On October 31, 2025, WEC Energy Group, Inc. entered into an Equity Distribution Agreement under which it may offer and sell, from time to time, shares of its common stock ($0.01 par value) with an aggregate sales price of up to $3.0 billion. The agreement names 14 sales agents, which may act as agent or purchase shares as principal, and 14 forward purchasers, which may enter into forward sale agreements that the Company may use to receive future proceeds upon physical settlement. The agreement covers two forward structures. Initially Priced Forward Sale Agreements set the initial forward price from the VWAP of shares sold, adjusted by a floating overnight bank funding rate less a spread and reduced by expected quarterly dividends. Collared Forward Sale Agreements, available with Goldman Sachs & Co. LLC, Citibank, N.A. or Wells Fargo Bank, National Association or their affiliates, are priced after an initial hedging period against floor and cap prices. The Company will not initially receive proceeds from borrowed-share sales, and it may settle in cash, net shares or physical shares depending on the structure and election. Sales agents receive commissions of up to 1.00% of the sales price, and forward sellers receive up to 1.00% commissions reflected in reduced forward prices. Actual sales depend on market conditions, the trading price of the common stock, capital needs and funding determinations. Shares will be offered under the Company's Form S-3 registration statement (File No. 333-281253) or a subsequent S-3. The filing includes the agreement and form forward agreements as exhibits, along with an opinion of Joshua M. Erickson.

Wec Energy Group Quarterly Report for Q3 Ended Sep 30, 2025

WEC Energy Group, Inc. reported third-quarter 2025 net income attributed to common shareholders of $271.3 million, or $0.83 diluted EPS, up from $240.1 million and $0.76 a year earlier. For the nine months ended September 30, 2025, net income attributed to common shareholders was $1,240.9 million, or $3.85 diluted EPS, compared with $1,073.7 million, or $3.40, in the prior-year period. Operating revenues were $7.26 billion for the nine months, versus $6.32 billion, and the Wisconsin segment drove most of the earnings improvement, with higher margins from the Wisconsin rate orders effective January 1, 2025, higher retail sales volumes, and increased income tax benefits. Capital spending accelerated sharply, with capital expenditures of $3.10 billion for the nine months versus $1.93 billion a year earlier, and the company's capital plan targets approximately $32.4 billion of regulated utility capital expenditures from 2026 to 2030. Operating cash flow rose to $2.95 billion from $2.63 billion. Total long-term debt including current portion reached $19.56 billion at September 30, 2025, and the company issued common stock under an at-the-market program, with net proceeds of $797.3 million from the EDA as of September 30, 2025. Current liabilities exceeded current assets by $2.54 billion. Investors should note several open regulatory and legal items: the ICC could disallow costs in PGL's QIP reconciliations (approximately $2.9 billion of aggregate capital costs under review), the UMERC and PGL rate and rider matters remain pending, and WE has proposed Very Large Customer and Bespoke Resources tariffs tied to large data center load, with a PSCW decision expected in the second quarter of 2026. The company also reconsidered its near-term CO2 emission reduction goals in the third quarter of 2025 while keeping its 2050 net carbon neutral electric generation goal.

Wec Energy Group 8-K Report, Financial Results (Oct 30, 2025)

WEC Energy Group, Inc. furnished a press release under Item 2.02 reporting its results for the quarter and nine months ended September 30, 2025. The company reported third-quarter net income attributed to common shareholders of $271.3 million, or 83 cents per diluted share, compared with $240.1 million, or 76 cents, in the third quarter of 2024. For the nine months, net income was $1.24 billion, or $3.85 per diluted share, versus $1.07 billion, or $3.40, a year earlier. Consolidated revenues for the nine months were $7.3 billion, up $947.3 million. The prior-year periods included a 6-cent-per-share charge tied to capital expenditures under the Qualifying Infrastructure Plant rider that the Illinois Commerce Commission disallowed. Excluding that charge, adjusted 2024 earnings were 82 cents per share for the third quarter and $3.45 for the nine months. Operating results showed retail electricity deliveries, excluding the Michigan iron ore mine, up 1.9% in the third quarter, or 1.8% on a weather-normal basis. Residential use rose 2.1%, small commercial and industrial use rose 1.1%, and large commercial and industrial use rose 2.5%. Management described the quarter as solid and reaffirmed 2025 earnings guidance of $5.17 to $5.27 per share, assuming normal weather for the remainder of the year. The company's cash flow statement for the nine months shows net cash from operating activities of $2,954.8 million and capital expenditures of $3,095.1 million, compared with $1,934.7 million a year earlier. The company also acquired the Hardin Solar III Energy Center for $406.1 million net of cash acquired and issued $746.6 million of common stock, net. At September 30, 2025, total assets were $49.8 billion, up from $47.4 billion at December 31, 2024, and long-term debt was $17.7 billion. Investors should note the substantial capital spending and the growth in long-term debt and equity issuance that funded it. The filing also references a conference call on October 30, 2025 to review the quarter and outlook.

Wec Energy Group 8-K Report, Regulation FD Disclosure (Sep 2, 2025)

WEC Energy Group, Inc. filed this Form 8-K on September 2, 2025 under Item 7.01 (Regulation FD Disclosure) to furnish presentation slides for its "Energizing the Future" Investor Update, to be used in upcoming meetings with investors. The filing itself contains no new financial results; the substance is in the attached Exhibit 99.1 slides. The company states it has a market capitalization of $34.9 billion as of August 22, 2025, 4.7 million retail customers, a 60% ownership interest in American Transmission Company, and $48.5 billion of assets. It reports 2025 adjusted EPS guidance with a midpoint of $5.22 per share, a guidance range of $5.17-$5.27, and a 2025-2029 capital plan of $27.6 billion in projected capital spend. The slides highlight growth drivers tied to large-load customers, including a proposed Wisconsin Very Large Customer (VLC) tariff filed March 31, 2025 for customers with 500 MW or more of forecasted new load, and 1,800 MW of additional demand expected through 2029 in the Wisconsin segment. The company plans to build and own 4,300 MW of regulated renewable generation and storage, investing $9.1 billion, and to exit coal by the end of 2032. Projected financing for 2025-2029 includes cash from operations of $18.5-$19.5 billion, incremental debt of $9.5-$10.0 billion, and common equity of $2.7-$3.2 billion. The company also states its long-term EPS growth outlook is 6.5% to 7.0%, and it reaffirmed a dividend increase of 6.9% to an annual rate of $3.57 per share. The slides also disclose risks and regulatory items investors should note, including the timing of the PSCW decision on the VLC tariff (expected Q4 2025 for the decision and an order required by May 1, 2026 for service starting June 1, 2026), a revised Oak Creek Units 7-8 coal retirement target of end of 2026 due to tight MISO supply conditions, and an ICC order directing replacement of cast and ductile iron pipe under 36 inches by January 1, 2035. The presentation is forward-looking and subject to the risk factors cited in WEC's 2024 Form 10-K.

Wec Energy Group 8-K Report, Regulation FD Disclosure (Aug 4, 2025)

WEC Energy Group, Inc. filed a Form 8-K on August 4, 2025 under Item 7.01 (Regulation FD Disclosure) to furnish presentation slides for its upcoming meetings with investors, attached as Exhibit 99.1. The filing itself contains no new financial results or transaction announcements; the substance is in the investor update deck, titled "Energizing the Future Investor Update: August 2025." The deck presents a 2025 EPS guidance midpoint of $5.22 per share, a 2025-2029 capital plan of $28.0 billion, and a 2025 annualized dividend of $3.57 per share following a 6.9% increase in January 2025. Management highlights 21 consecutive years of meeting or exceeding the top end of earnings guidance on an adjusted basis, and projects long-term EPS growth of 6.5% to 7.0%. The company states that 98%+ of capital is allocated to regulated businesses. Projected financing for 2025-2029 includes cash from operations of $18.5 to $19.5 billion and incremental debt of $9.5 to $10.0 billion, with common equity of $2.7 to $3.2 billion. Key growth drivers include a proposed Wisconsin Very Large Customer tariff (applicable to customers with 500 MW or more of forecasted new load), approximately 1,800 MW of additional demand expected through 2029, and a plan to eliminate coal as an energy source by the end of 2032, with coal used only as backup fuel by the end of 2030. The deck also notes that the Oak Creek Units 7-8 retirement target was revised to the end of 2026 in response to tight MISO supply conditions, and that the company is reconsidering its near-term carbon goals while keeping its net carbon neutral electric generation goal for 2050.

Wec Energy Group Quarterly Report for Q2 Ended Jun 30, 2025

WEC Energy Group, Inc. reported second-quarter 2025 net income attributed to common shareholders of $245.4 million, or $0.76 per diluted share, compared with $211.3 million, or $0.67 per diluted share, in the second quarter of 2024. Operating revenues rose to $2,009.5 million from $1,772.0 million. For the six months ended June 30, 2025, net income attributed to common shareholders was $969.6 million, or $3.02 per diluted share, versus $833.6 million, or $2.64 per diluted share, a year earlier. The Wisconsin segment drove the increase, with net income attributed to common shareholders of $182.4 million in the quarter, up $50.3 million, which the filing attributes primarily to Wisconsin rate orders effective January 1, 2025 and higher retail sales volumes. The Illinois and non-utility energy infrastructure segments declined in the quarter. Cash flow from operations was $2,015.9 million for the first six months of 2025, up from $1,901.0 million. Capital expenditures increased to $1,530.5 million from $1,138.4 million, and the company acquired a 90% interest in the 250 MW Hardin III solar facility for $406.1 million. The company issued $900.0 million of 3.375% convertible senior notes due 2028 and raised $466.0 million in net proceeds under its at-the-market equity program. At June 30, 2025, current liabilities exceeded current assets by $2,098.5 million, and the debt-to-total-capitalization ratio was 60.3%, or 59.2% on the adjusted basis that treats the 2024 Junior Notes partly as equity. The company's capital plan calls for $24.4 billion of regulated utility capital expenditures from 2025 to 2029. The filing also highlights regulatory and policy developments. The company announced plans to extend the lives of Oak Creek Power Plant Units 7 and 8 through the end of 2026, and it stated that it would reconsider its near-term CO2 emission reduction goals in the third quarter of 2025 while keeping its long-term goal of net carbon neutral electric generation by 2050. In Illinois, the ICC issued an order in February 2025 setting expectations for PGL's gas infrastructure replacement, and ICC staff and intervenors have recommended significant disallowances in a pending QIP reconciliation covering open-year capital costs of approximately $2.9 billion.

Wec Energy Group 8-K Report, Financial Results (Jul 30, 2025)

WEC Energy Group, Inc. filed a Form 8-K on July 30, 2025 furnishing its press release (Exhibit 99.1) announcing results for the quarter and six months ended June 30, 2025. The company reported net income attributed to common shareholders of $245.4 million, or 76 cents per diluted share, for the second quarter of 2025, up from $211.3 million, or 67 cents per share, a year earlier. For the first six months of 2025, net income attributed to common shareholders was $969.6 million, or $3.02 per diluted share, compared with $833.6 million, or $2.64 per share, in the same period of 2024. Consolidated revenues for the first half were $5.2 billion, up $706.8 million from the first half of 2024. Operationally, retail electricity deliveries excluding the iron ore mine in Michigan's Upper Peninsula rose 1.0 percent in the second quarter, with residential use up 1.6 percent, small commercial and industrial use up 0.6 percent, and large commercial and industrial use up 0.8 percent. On a weather-normal basis, deliveries increased 1.1 percent. Management reaffirmed its 2025 earnings guidance of $5.17 to $5.27 per share, assuming normal weather for the rest of the year. Cash flow data show net cash provided by operating activities of $2.02 billion for the first six months, against capital expenditures of $1.53 billion, and an acquisition of the Hardin Solar III Energy Center for $406.1 million net of cash acquired. The balance sheet at June 30, 2025 showed total assets of $48.52 billion, long-term debt of $17.11 billion, and common shareholders' equity of $13.22 billion, with shares outstanding rising to 321,866,395 from 317,680,855 at year-end 2024. Dividends per common share were $0.8925 for the quarter and $1.7850 for the first half.

Wec Energy Group 8-K Report, Regulation FD Disclosure (Jun 25, 2025)

On June 25, 2025, WEC Energy Group, Inc. filed an 8-K furnishing investor presentation slides (Exhibit 99.1) for upcoming investor meetings and disclosing, under Item 8.01, that Wisconsin Electric Power Company (We Energies) plans to extend the operating lives of Oak Creek Power Plant units 7 and 8. The units, which were scheduled to retire at the end of 2025, are expected to be available to meet high energy demand periods through the end of 2026. The news release (Exhibit 99.2) attributes the decision to tightened energy supply requirements in the Midwest power market and the need to serve customers reliably, and states that the extension is not expected to delay the more than 6,300 MW of new generation the company is planning, permitting or constructing over the next five years. The accompanying investor update reiterates the company's 2025-2029 capital plan, which it describes as the largest five-year plan in company history at $28.0 billion, and its long-term outlook, including a projected 6.5% to 7.0% EPS growth. The presentation lists 2025 EPS guidance with a midpoint of $5.22 per share and a planned coal exit by the end of 2032, with coal used only as backup fuel by the end of 2030. It also notes that the Oak Creek Units 7-8 retirement target of end of 2026 reflects expected tight energy supply conditions in the MISO region. For investors, the key takeaways are the reaffirmed growth and capital framework, the revised coal retirement timing for Oak Creek Units 7-8 (611 MW per the presentation, 610 MW per the news release), and the continued emphasis on regulated renewable and gas generation investment. The filing contains forward-looking statements subject to the risks described in the company's 2024 Form 10-K.

Wec Energy Group 8-K Report, Financial Obligation (Jun 10, 2025)

On June 10, 2025, WEC Energy Group, Inc. issued $900,000,000 aggregate principal amount of 3.375% Convertible Senior Notes due 2028 under an Indenture with The Bank of New York Mellon Trust Company, N.A., as trustee. The total includes $125,000,000 of additional notes issued when the Initial Purchasers fully exercised their option. The notes were sold under a Purchase Agreement dated June 5, 2025 and offered privately to qualified institutional buyers under Rule 144A. Interest is payable semiannually on June 1 and December 1, beginning December 1, 2025, and the notes mature June 1, 2028. The company may not redeem the notes before maturity, and they are senior unsecured obligations that are structurally junior to all liabilities of the company's subsidiaries. The notes carry an initial conversion rate of 7.7901 shares of common stock per $1,000 principal amount, equivalent to an initial conversion price of approximately $128.37 per share. Conversion settlement may be made in cash up to the principal amount, with the remainder paid in cash, shares, or a combination at the company's election. Holders may convert before maturity only under specified conditions, including a stock price test of 130% of the conversion price during certain quarters, a trading price test, specified corporate events, and freely from March 1, 2028 until the second scheduled trading day before maturity. Upon a Fundamental Change, holders may require repurchase at 100% of principal plus accrued interest. The filing also reports that a maximum of 8,588,520 shares of common stock may be issued upon conversion based on an initial maximum conversion rate of 9.5428 shares per $1,000 principal amount, subject to anti-dilution adjustments. The shares are being issued under exemptions from registration, and the company expects conversion shares to be issued under Section 3(a)(9) of the Securities Act.

Wec Energy Group 8-K Report, Corporate Update (Jun 6, 2025)

WEC Energy Group, Inc. announced on June 5, 2025 the pricing of $775,000,000 aggregate principal amount of 3.375% Convertible Senior Notes due 2028, sold in a private offering to qualified institutional buyers under Rule 144A. The offering was upsized from the previously announced $700,000,000. The initial purchasers also received an option, exercisable within a 13-day period beginning on the first issuance date, to buy up to an additional $125,000,000 of the notes. The offering is expected to close on June 10, 2025, subject to customary closing conditions. The notes are senior, unsecured obligations of the company and pay interest semiannually at 3.375% per annum. They mature on June 1, 2028, unless earlier converted or repurchased. The initial conversion rate is 7.7901 shares per $1,000 principal amount, equivalent to an initial conversion price of approximately $128.37 per share, a conversion premium of approximately 22.5% above the June 5, 2025 last reported sale price. Upon conversion, the company will pay cash up to the principal amount and may settle the remainder in cash, common stock, or a combination, at its election. Holders may convert before March 1, 2028 only upon certain events and periods, and at any time thereafter until the second scheduled trading day before maturity. The company may not redeem the notes before maturity. Upon a fundamental change, holders may require repurchase at 100% of principal plus accrued interest. The company stated it intends to use net proceeds for general corporate purposes, including repayment of short-term indebtedness. The filing is a Form 8-K under Item 8.01 (Other Events), with the press release furnished as Exhibit 99.1.

Wec Energy Group 8-K Report, Corporate Update (Jun 5, 2025)

WEC Energy Group, Inc. announced on June 5, 2025 that it intends to offer, subject to market and other conditions, $700,000,000 aggregate principal amount of convertible senior notes due 2028 in a private offering to qualified institutional buyers under Rule 144A. The company expects to grant the initial purchasers an option to buy up to an additional $105,000,000 of the notes, exercisable within a 13-day period beginning on and including the date the notes are first issued. The notes will be senior, unsecured obligations of WEC Energy Group and will mature on June 1, 2028, unless earlier converted or repurchased. Interest is payable semiannually. Final terms, including the initial conversion price and interest rate, will be set at pricing. Before March 1, 2028, holders may convert only upon certain specified events and during certain periods; from March 1, 2028 until the second scheduled trading day before maturity, conversion is permitted at any time. Upon conversion, the company will pay cash up to the principal amount being converted and may settle the remaining conversion obligation in cash, common stock, or a combination, at its election. WEC intends to use the net proceeds for general corporate purposes, including repayment of short-term indebtedness. The offering is not guaranteed to close on the anticipated terms or at all, and the securities have not been registered under the Securities Act.

Wec Energy Group 8-K Report, Regulation FD Disclosure (May 16, 2025)

WEC Energy Group, Inc. filed this Form 8-K on May 16, 2025 under Item 7.01 (Regulation FD Disclosure) to furnish investor presentation slides, attached as Exhibit 99.1, for upcoming meetings with investors. The filing itself contains no new financial results, guidance changes, or transaction announcements; its substance lies in the presentation's content. The May 2025 investor update reaffirms 2025 adjusted EPS guidance with a midpoint of $5.22 per share (range $5.17-$5.27) and a long-term EPS growth outlook of 6.5% to 7.0%. It also highlights a 6.9% increase in the January 2025 dividend to an annualized rate of $3.57 per share, the company's 22nd consecutive year of dividend increases. The company describes a 2025-2029 capital plan of $27.6 billion, the largest five-year plan in its history, with 98%+ of capital allocated to regulated businesses. Key growth drivers include a Wisconsin Very Large Customer tariff filed March 31, 2025 (subject to PSCW approval, with an order required by May 1, 2026), expected addition of 1,800 MW of electric demand through 2029, and a planned exit from coal by end of 2032. Projected 2025-2029 funding includes cash from operations of $18.5-$19.5 billion and incremental debt of $9.5-$10.0 billion.

Wec Energy Group 8-K Report, Shareholder Vote Results (May 13, 2025)

WEC Energy Group, Inc. reported in this Form 8-K, filed May 13, 2025, the results of its Annual Meeting of stockholders held May 8, 2025. Stockholders voted on six proposals. The filing shows that all thirteen director nominees, including Warner L. Baxter, Gale E. Klappa and Ulice Payne, Jr., received more votes for than against, with terms expiring in 2026. Stockholders also ratified Deloitte & Touche LLP as independent auditors for 2025, with 269,708,010 shares voted for and 12,913,037 against. Stockholders gave favorable votes to the two proposals to eliminate supermajority voting requirements. Proposal 4 (amending the Restated Articles of Incorporation) recorded 245,033,541 shares for and 3,545,120 against. Proposal 5 (amending the Bylaws) recorded 244,906,452 shares for and 3,642,825 against. The advisory vote on named executive officer compensation (Proposal 3) recorded 231,249,610 shares for and 16,963,811 against, with 1,945,763 abstaining. The stockholder proposal to support a simple majority vote (Proposal 6) drew 101,314,470 shares for and 146,655,920 against, with 2,188,794 abstaining. Broker non-votes totaled 33,634,995 on most items, and were 0 on the auditor ratification.

Wec Energy Group 8-K Report, Executive Changes (May 12, 2025)

WEC Energy Group, Inc. filed this Form 8-K on May 12, 2025 under Item 5.02 (Departure of Directors or Certain Officers; Compensatory Arrangements). The filing reports two personnel and compensation actions rather than financial results. On May 8, 2025, the Board appointed Michael Hooper Executive Vice President and Chief Operating Officer, effective May 11, 2025. He continues as President of the Wisconsin Utilities and will also become President of Michigan Gas Utilities Corporation and Minnesota Energy Resources Corporation. The Compensation Committee approved an annual base salary increase of $24,000, bringing Mr. Hooper's total annual base salary to $713,000, prorated for the May 11, 2025 effective date. His short-term incentive award under the Company's short-term performance plan (STPP) will now be based on WEC Energy's performance measures rather than partly on the Wisconsin utilities' performance. His 2025 targets are 85% of base salary under the STPP and 190% of base salary under the long-term incentive plans. Curt Culver completed his service as a director on May 8, 2025, having reached the applicable retirement age under the Corporate Governance Guidelines. The Compensation Committee approved accelerated vesting of his unvested restricted stock, approximately 1,707 shares, effective May 8, 2025.

Wec Energy Group Quarterly Report for Q1 Ended Mar 31, 2025

WEC Energy Group, Inc. reported net income attributed to common shareholders of $724.2 million, or $2.27 diluted EPS, for the three months ended March 31, 2025, compared with $622.3 million, or $1.97 diluted EPS, in the same period of 2024. Operating revenues rose to $3,149.5 million from $2,680.2 million, and the filing attributes the $101.9 million earnings increase mainly to the Wisconsin segment, which grew $93.5 million on higher margins from Wisconsin rate orders effective January 1, 2025 and higher retail sales volumes from colder weather. The non-utility energy infrastructure segment added $14.5 million, driven by production tax credits, while the Illinois segment declined $9.4 million on higher operating expenses. Cash flow from operations was $1,162.6 million, up from $863.6 million, while investing outflows rose to $1,101.8 million, including $406.1 million for the February 2025 acquisition of a 90% interest in the 250 MW Hardin III solar facility in Ohio and capital expenditures of $701.1 million. Long-term debt fell to $16,161.8 million from $17,178.1 million as current maturities rose to $2,729.9 million, and short-term debt increased to $1,327.1 million. The company's capital plan calls for approximately $24.4 billion of regulated utility capital expenditures from 2025 to 2029, and the filing reports a debt-to-total-capitalization ratio of 60.9% on an actual basis. The filing also highlights regulatory and litigation developments, including a February 2025 Illinois Commerce Commission order requiring PGL to replace cast and ductile iron pipe under 36 inches by January 1, 2035, a pending Wisconsin application for a Very Large Customer tariff filed March 31, 2025, and continued appeals related to ATC's return on equity. Management stated that its current liabilities exceeded current assets by $2,919.6 million, which it does not expect to affect liquidity.

Wec Energy Group 8-K Report, Financial Results (May 6, 2025)

WEC Energy Group, Inc. reported net income attributed to common shareholders of $724.2 million, or $2.27 per diluted share, for the first quarter of 2025, compared with $622.3 million, or $1.97 per share, in the first quarter of 2024. Consolidated operating revenues were $3,149.5 million, compared with $2,680.2 million a year earlier. The company attributed the results to continued economic growth in its region and a focus on operating excellence. The filing furnishes the press release as Exhibit 99.1 and does not state a change from the company's prior-year figures beyond the amounts shown. Retail electricity deliveries excluding the iron ore mine rose 2.9% in the quarter, with residential use up 5.5% and small commercial and industrial use up 2.1%. Natural gas deliveries in Wisconsin, excluding gas used for power generation, rose 15.5%, but were 0.5% lower on a weather-normal basis. Weather-normal retail electricity deliveries excluding the iron ore mine increased 0.7%. WEC reaffirmed its 2025 earnings guidance of $5.17 to $5.27 per share, assuming normal weather for the rest of the year. Balance sheet activity in the quarter included an acquisition of the Hardin Solar III Energy Center for $406.1 million net of cash acquired, capital expenditures of $701.1 million, and a rise in short-term debt to $1,327.1 million. Cash from operating activities was $1,162.6 million.

Wec Energy Group 8-K Report, Regulation FD Disclosure (Apr 4, 2025)

WEC Energy Group, Inc. filed this Form 8-K under Item 7.01 (Regulation FD Disclosure) on April 4, 2025, to furnish presentation slides (Exhibit 99.1) for an Energizing the Future Investor Update that representatives will use in upcoming investor meetings. The filing itself contains no new financial results or transactions; its substance is the investor deck. The deck highlights a 2025 EPS guidance midpoint of $5.22 per share, a streak of 21 consecutive years of exceeding or meeting the top end of earnings guidance (on an adjusted basis), a January 2025 dividend increase of 6.9% to an annual rate of $3.57 per share, and a long-term EPS growth outlook of 6.5% to 7.0%. The 2025-2029 capital plan totals $28.0 billion, described as the largest five-year plan in company history, with 98%+ of capital allocated to regulated businesses. Key growth drivers include a proposed Wisconsin Very Large Customer tariff tied to new data center load, approximately 1,800 MW of additional demand expected through 2029, and $9.1 billion of planned regulated renewables. The deck also addresses risks and regulatory items, including a February 2025 Illinois Commission (ICC) order requiring Peoples Gas to replace cast and ductile iron pipe under 36 inches by January 1, 2035, which management says it is still evaluating, and a plan to exit coal by the end of 2032. Projected financing for 2025-2029 includes $9.5 to $10.0 billion of incremental debt and $2.7 to $3.2 billion of common equity, and the company reports $2.0 billion of net liquidity as of March 31, 2025.

Wec Energy Group 8-K Report, Regulation FD Disclosure (Mar 3, 2025)

WEC Energy Group, Inc. filed this Form 8-K under Item 7.01 (Regulation FD Disclosure) on March 3, 2025, furnishing as Exhibit 99.1 presentation slides for its "Energizing the Future" Investor Update from March 2025. The filing itself contains no new financial results; the substantive information lies in the slides. The company reports a market capitalization of $31.4 billion as of January 31, 2025, 4.7 million retail customers, and $47.4 billion of assets. It projects 2025 EPS guidance with a midpoint of $5.22 per share (range $5.17-$5.27) and a long-term EPS growth outlook of 6.5% to 7.0%. Dividends were raised in January to an annual rate of $3.57 per share, which the company describes as its 22nd consecutive year of dividend increases. The company's largest five-year capital plan in its history totals $28.0 billion for 2025-2029, with the presentation citing $27.6 billion of projected capital spend in one chart. The plan is driven by data-center-related load growth (about 1,800 MW of additional electric demand through 2029, with a Microsoft investment in Wisconsin cited), $9.1 billion for regulated renewables, and gas generation and LNG investments. Projected cash from operations of $18.5 to $19.5 billion funds the plan alongside $9.5 to $10.0 billion of incremental debt and $2.7 to $3.2 billion of common equity. The company targets coal exit by end of 2032 and expects to use coal only as a backup fuel by end of 2030. Regulatory developments include the Illinois Commerce Commission's February 2025 order lifting the Safety Modernization Program pause, which directs Peoples Gas to replace cast and ductile iron pipe under 36 inches by January 1, 2035, and which the company says it is evaluating for its operations and capital plan. Credit ratings are A- (S&P) and Baa1 (Moody's) at the holding company level, with targeted FFO-to-debt above 15% and CFO pre-working capital-to-debt above 16%.

Wec Energy Group Annual Report, Year Ended Dec 31, 2024

WEC Energy Group, Inc. reported 2024 net income attributed to common shareholders of $1,527.2 million, or $4.83 diluted earnings per share, up from $1,331.7 million, or $4.22 per share, in 2023. The increase was driven mainly by the Illinois segment, where a $178.9 million impairment recorded in 2023 related to ICC disallowances did not recur, along with higher margins from the PGL and NSG rate orders, and by the non-utility energy infrastructure and electric transmission segments. The Wisconsin segment contributed $863.1 million, up $11.8 million, reflecting limited rate case re-openers effective January 1, 2024. WEC's capital plan calls for approximately $28.0 billion of capital expenditures, including about $24.4 billion for regulated utilities from 2025 to 2029 and approximately $9.1 billion of regulated renewable investment in Wisconsin over that period. Capital expenditures were $2,781.1 million in 2024, and the company expects to spend approximately $4.5 billion on reliability projects from 2025 to 2029. Total debt was $20,023.7 million at year-end, with a debt-to-total-capitalization ratio of 61.7% on an actual basis. The company completed several renewable acquisitions in 2024, including Delilah I and Maple Flats, and acquired Hardin III in February 2025 for approximately $405.9 million. Regulatory and legal developments remain significant. The ICC's February 20, 2025 order directs PGL to replace cast and ductile iron pipe under 36 inches in diameter by January 1, 2035, and PGL is evaluating its impact on operations and capital plans. PGL and NSG have appealed the ICC's disallowances of capital costs. The PSCW approved 2025 and 2026 base rate increases for WE, WPS, and WG effective January 1, 2025 and 2026. The company also raised its quarterly dividend to $0.8925 per share in January 2025, an annual rate of $3.57 per share, and continues to target a 65-70% payout ratio.

Wec Energy Group 8-K Report, Regulation FD Disclosure (Feb 7, 2025)

WEC Energy Group, Inc. filed this Form 8-K on February 7, 2025 under Item 7.01 (Regulation FD Disclosure) to furnish presentation slides for its February 2025 Investor Update, to be used in upcoming meetings with investors. The filing itself contains no new financial results; the substance is in Exhibit 99.1, the slides. The slides describe a 2025 EPS guidance midpoint of $5.22 per share, a 2025 GAAP-to-adjusted EPS range of $5.17-$5.27, and a 6.9% increase in the annual dividend to $3.57 per share in January 2025, the company's 22nd consecutive year of dividend increases. The slides present a $27.6 billion projected capital spend for 2025-2029, which the company calls its largest five-year plan, with $4.5 billion to electric generation, $5.3 billion to electric distribution, and $3.2 billion for its ATC share of transmission. Management cites 1,800 MW of additional electric demand through 2029, driven largely by Microsoft's Mount Pleasant data center investment, and projects long-term EPS growth of 6.5% to 7.0%. Projected funding comes from roughly $18.5-$19.5 billion of cash from operations, $2.7-$3.2 billion of common equity, and $9.5-$10.0 billion of incremental debt, with a stated target of 98%+ of capital allocated to regulated businesses. The presentation also outlines the company's coal exit plan, with coal to be used only as backup by end of 2030 and fully exited by end of 2032, along with plans for 4,365 MW of regulated renewables and storage investment totaling $9.1 billion. Pending Illinois and Wisconsin regulatory matters, including the Peoples Gas Safety Modernization Program order expected in Q1 2025, are also highlighted as items to watch.

Wec Energy Group 8-K Report, Financial Results (Feb 4, 2025)

WEC Energy Group, Inc. furnished a press release (Exhibit 99.1) reporting 2024 results. GAAP net income attributed to common shareholders was $1.5 billion, or $4.83 per share, compared with $1.3 billion, or $4.22 per share, in 2023. Full-year 2024 results include a 6 cents per share charge related to capital expenditures under the Qualifying Infrastructure Plant rider that the Illinois Commerce Commission disallowed. Excluding that charge, adjusted earnings were $4.88 per share, an increase of 5.4 percent over 2023 adjusted earnings of $4.63 per share. Consolidated revenues were $8.6 billion, down $293.1 million from 2023. Fourth-quarter 2024 GAAP net income was $453.5 million, or $1.43 per share, versus $218.5 million, or 69 cents per share, a year earlier. The fourth quarter had no adjustments to GAAP results. The company reaffirmed its 2025 earnings guidance of $5.17 to $5.27 per share, with a midpoint of $5.22, which the release describes as growth of 7.6 percent from the midpoint of its 2024 adjusted guidance of $4.85 per share. The board declared a quarterly dividend of 89.25 cents per share, a 6.9 percent increase, marking the 22nd consecutive year of higher dividends. Management cited a solid year on customer satisfaction, financial performance and execution of its capital plan. Retail electricity deliveries excluding the Michigan iron ore mine rose 0.5 percent, while Wisconsin natural gas deliveries excluding power generation fell 2.9 percent. The attached financial statements show 2024 capital expenditures of $2,781.1 million, net cash from operating activities of $3,211.8 million, and total assets of $47,363.2 million at year-end. Long-term debt was $17,178.1 million. The company also spent $462.5 million on the Delilah Solar Energy acquisition and $431.2 million on the Maple Flats Solar Energy Center acquisition during 2024.

Wec Energy Group 8-K/A Report, Executive Changes (Jan 17, 2025)

WEC Energy Group, Inc. filed this Form 8-K/A (Amendment No. 1) on January 17, 2025 to supplement its October 18, 2024 Current Report announcing the appointment of Warner Baxter and John Lange to the Board of Directors, effective January 1, 2025. The original filing stated that the Board had not yet determined committee assignments for either director. This amendment discloses those assignments and otherwise leaves the original disclosure unchanged. Under Item 5.02, the Board, effective January 16, 2025, appointed Mr. Baxter to the Audit and Oversight Committee and Mr. Lange to the Finance Committee. The filing contains no financial results, guidance, transaction terms or compensation details. For investors, this is a routine governance update. It confirms the board's committee structure following two new director appointments and does not signal any change in the company's operations, capital position or outlook.

Wec Energy Group 8-K Report, Regulation FD Disclosure (Jan 6, 2025)

WEC Energy Group, Inc. filed this Form 8-K on January 6, 2025 under Item 7.01 (Regulation FD Disclosure) to furnish presentation slides for its Energizing the Future Investor Update, to be used in upcoming meetings with investors. The filing itself contains no new financial results; the substance is in Exhibit 99.1, which presents the company's updated outlook. The presentation highlights a 2025-2029 capital plan of $27.6 billion, with $4.3 billion of additional investment compared with the previous five-year plan, driven mainly by regulated renewables ($2.1 billion increase), natural gas generation ($0.9 billion increase) and electric distribution ($700 million increase). The company projects compound annual EPS growth of 6.5% to 7.0%, 2025 EPS guidance of $5.17-$5.27 per share, and a planned dividend increase to a $3.57 annual rate, a 6.9% rise. Projected 2025-2029 funding is cash from operations of $18.5-$19.5 billion, incremental debt of $9.5-$10.0 billion and common equity of $2.7-$3.2 billion. The presentation also outlines regulatory and strategic items relevant to investors, including Wisconsin rate increases for 2025 and 2026, a plan to exit coal by the end of 2032, and roughly 1,800 MW of additional demand through 2029 tied to a Microsoft data center investment. It notes an ICC order on Peoples Gas' Safety Modernization Program expected in the first quarter of 2025, and a 2023 non-cash charge of 41 cents per share related to Illinois disallowances.