WEC Energy Group Inc - Company Profile
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WEC Energy Group Inc (WEC) is an energy generation, electric and natural gas delivery holding company. Its activities include generating and distributing electricity, delivering natural gas, operating natural gas storage facilities, and holding interests in renewable generation projects. Its services include electric power, natural gas delivery, natural gas storage and hub services, renewable energy generation, power plant development and ownership, and real estate development. Its principal operating brands include We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Minnesota Energy Resources, Michigan Gas Utilities, Upper Michigan Energy Resources, and Bluewater Gas Storage. The company serves residential, business, and other natural gas customers across Wisconsin, Illinois, Michigan, and Minnesota, with electricity and natural gas used for household, commercial, industrial, and community energy needs. Its distribution networks include electric distribution lines and natural gas distribution and transmission lines, while Bluewater Gas Storage provides storage and hub services connected to the customer bases of We Energies and Wisconsin Public Service. WEC Energy Group operates in Midwestern markets through its principal energy companies and related subsidiaries. WEC is headquartered in Milwaukee, Wisconsin, the US.
Headquarters
United States of America
Address
231 W Michigan Street, Milwaukee, Wisconsin, 53201
Website
www.wecenergygroup.com
Telephone
1 414 2212345
No of Employees
7,000
Industry
Power
Ticker Symbol & Exchange
WEC (NYSE)
Revenue (2024)
$9.8B
14%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
2%
(2024 vs 2023)
Market Cap*
$38.5B
Net Profit Margin (2024)
XYZ
-10.5%
(2024 vs 2023)
* As of and is in US$
WEC Energy Group Inc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Electricity | Services |
| Steam | Utility Energy: |
| Natural Gas | Natural Gas Transmission |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Contracts/Agreements | In November, the company signed an agreement with EDP for the development and construction of its 225 MW solar project. |
| 2024 | Plans/Strategy | In April, the company announced its plans to acquire a 90% interest in the Delilah I Solar Energy Center for US$459 million. |
| 2023 | Contracts/Agreements | In March, Peoples Gas and North Shore Gas worked together with ComEd to share ComEd’s existing Itron advanced metering infrastructure (AMI) multi-purpose network to support smart technology. |
Competitor Comparison
| Key Parameters | WEC Energy Group Inc | Duke Energy Corp | Exelon Corp | American Electric Power Co Inc | Consolidated Edison Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Milwaukee | Charlotte | Chicago | Columbus | New York |
| State/Province | Wisconsin | North Carolina | Illinois | Ohio | New York |
| No. of Employees | 7,000 | 26,441 | 20,000 | 17,581 | 15,407 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Scott J. Lauber | Chairman; Chief Executive Officer; Director; President | Executive Board | 2026 | 60 |
| Xia Liu | Chief Financial Officer; Executive Vice President | Senior Management | 2020 | 56 |
| Michael W. Hooper | Chief Operating Officer; Executive Vice President; President - We Energies, Wisconsin Public Service, Michigan Gas Utilities, Minnesota Energy Resources and Upper Michigan Energy Resources Corp | Senior Management | 2025 | 52 |
| Molly A. Mulroy | Chief Administrative Officer; Executive Vice President | Senior Management | 2021 | 50 |
| James Schubilske | Chief Audit Officer; Vice President | Senior Management | 2018 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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