WEC Energy Group Inc - Company Profile
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Business Description
WEC Energy Group Inc (WEC) primary activities include the provision and investment in regulated natural gas and electricity, renewable energy, and non-regulated renewable energy through its wholly owned subsidiaries.
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Geographical Segments
- Corporate and Other
- Electric Transmission
- Illinois
- Non-Utility Energy Infrastructure
- Other States
- Wisconsin
Overview
- Includes the operations of the WEC Energy Group holding company, the Integrys holding company, and the PELLC holding company, as well as the operations of Wispark LLC (Wispark) and WEC Business Services LLC (WBS). - Wispark develops and invests in real estate, primarily in southeastern Wisconsin. WBS is a wholly owned centralized service company that provides administrative and general support services to its regulated entities. It also provides administrative and support services to its non-regulated entities. In FY2024, the segment incurred a capital expenditure of US$20.6 million, which declined 20.2% YoY.
Performance
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Overview
- Conducts its operations through American Transmission Company LLC (ATC), a regional transmission company that owns, maintains, monitors, and operates electric transmission systems in Wisconsin, Michigan, Illinois, and Minnesota.
Performance
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Overview
- Includes the natural gas utility operations of Peoples Gas Light and Coke Company (PGL) and North Shore Gas Company (NSG). - Provide services to residential and commercial and industrial customers. - It also offers natural gas transportation services to customers. In FY2024, the segment incurred a capital expenditure of US$343 million, which declined 30% YoY.
Performance
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Overview
- Includes the operations of W.E. Power LLC (We Power), Bluewater Natural Gas Holding LLC (Bluewater), and WEC Infrastructure LLC (WECI). We Power owns and leases generating facilities to WE, Bluewater owns underground natural gas storage facilities in Michigan, and WECI holds ownership interests in several renewable generating facilities. In FY2024, the segment incurred a capital expenditure of US$945.8 million, which grew 25.4% YoY.
Performance
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Overview
- Includes the natural gas utility operations of Minnesota Energy Resources Corporation (MERC) and Michigan Gas Utilities Corporation (MGU) and the non-utility operations of MERC related to servicing appliances for customers. MERC serves customers in various cities and communities throughout Minnesota, and MGU serves customers in southern and western Michigan. In FY2024, the segment incurred a capital expenditure of US$118.3 million, which grew 14.3% YoY.
Performance
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Overview
- Includes the electric and natural gas utility operations of Wisconsin Electric Power Company (WE), Wisconsin Public Service Corporation (WPS), Wisconsin Gas LLC (WG), and Upper Michigan Energy Resources Corporation (UMERC). It serves customers located in southeastern Wisconsin, east central Wisconsin, and northern Wisconsin. The segment provides or invests in regulated natural gas and electricity, and renewable energy, as well as non-regulated renewable energy. - It generates electricity through coal-fired plants, natural gas-fired plants and renewable generation. It provides wholesale electric service to broad range of customers, including electric cooperatives, municipal joint action agencies, other investor-owned utilities, energy marketers and municipal utilities. - In addition, it provides natural gas transportation services to residential and commercial and industrial customers. In FY2024, the segment incurred a capital expenditure of US$2,347.1 million, which grew 10% YoY.
Performance
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