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WEC Energy Group Inc: Overview

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WEC Energy Group Inc (WEC) is an energy holding company. It generates and distributes electricity and thermal energy, and delivers natural gas. The company produces electric power using various sources like coal, natural gas, oil, hydro, solar, wind and biomass. WEC owns, maintains, monitors and operates electric transmission systems; owns generating facilities and leases those to its group entities; provides natural gas storage and hub services for its sister companies; and owns underground natural gas storage facilities. It serves residential, commercial, community, government customers in Illinois, Wisconsin, Michigan and Minnesota. WEC is headquartered in Milwaukee, Wisconsin, the US.

Headquarters United States of America

Address 231 W Michigan St, Po Box 1331, Milwaukee, Wisconsin, 53201-1331


No of Employees 7,273

Industry Power

Ticker Symbol & Exchange WEC (NYSE)
Revenue (2020) $7.2B -3.7% (2020 vs 2019)

EPS XXX

Net Income (2020) XXX 5.8% (2020 vs 2019)

Market Cap* $28.1B

Net Profit Margin (2020) XXX 9.9% (2020 vs 2019)

* As of and is in US$

Products and Services

Products Services
Electricity Utility Energy:
Natural Gas Electricity Generation
Steam Electric, Natural Gas and Steam Distribution
XXX
XXX
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2021 Corporate Awards In July, the company was awarded most trusted Utility Brand in a nationwide study by Escalent.
2021 Acquisitions/Mergers/Takeovers In July, the company agreed to acquire 90% stake in the Sapphire Sky Wind Energy Center in McLean County, Illinois.
2021 Corporate Changes/Expansions In April, the company announced its proposal to purchase the Koshkonong Solar Energy Center, a planned 465-megawatt (MW) solar and battery storage project in south-central Wisconsin.
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Competitor Comparison

Key Parameters WEC Energy Group Inc Berkshire Hathaway Energy Co Edison International Consolidated Edison Inc DTE Energy Co
Headquarters United States of America United States of America United States of America United States of America United States of America
City Milwaukee Des Moines Rosemead New York Detroit
State/Province Wisconsin Iowa California New York Michigan
No. of Employees 7,273 23,000 13,351 14,071 10,600
Entity Type Public Private Public Public Public
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Executives
Name Position Board Since Age
Gale E. Klappa Chairman Executive Board 2019 70
J. Kevin Fletcher Director; Chief Executive Officer; President Executive Board 2019 62
Xia Liu Executive Vice President; Chief Financial Officer Senior Management 2020 -
Scott Lauber Chief Operating Officer Senior Management 2020 -
James A. Schubilske Chief Audit Officer; Vice President Senior Management 2018 -
Non Dignissim Eros Proin vel Convallis 2021 XX
Non Dignissim Eros Proin vel Convallis 2021 XX
Non Dignissim Eros Proin vel Convallis 2021 XX
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