WEC Energy Group Inc - Company Profile
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WEC Energy Group Inc (WEC) is an energy holding company. It generates and distributes electricity, steam and also supplies natural gas. The company produces electricity using various sources such as coal, natural gas, oil, hydro, solar, wind and biomass. WEC owns, maintains, monitors, and operates electricity transmission systems; owns generating facilities and leases them to its group entities; provides natural gas storage and hub services to its sister companies; and owns underground natural gas storage facilities. The company operates through subsidiaries. It serves residential, commercial, community, government customers in Wisconsin, Illinois, 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
Website
www.wecenergygroup.com
Telephone
1 414 2212345
No of Employees
7,000
Industry
Power
Ticker Symbol & Exchange
WEC (NYSE)
Revenue (2023)
$8.9B
EPS
XYZ
Market Cap*
$24.9B
Net Profit Margin (2023)
XYZ
2.1%
* As of and is in US$
WEC Energy Group Inc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Electricity | Services |
| Steam | Utility Energy: |
| Natural Gas | Natural Gas Storage |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 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. |
| 2023 | Contracts/Agreements | In March, the company and Landis+Gyr Technology Inc entered into an agreement to expand the Advanced Metering Infrastructure coverage for gas and electric meters. |
| 2023 | Contracts/Agreements | In January, the company entered into an agreement to acquire 80% stake in the Samson I Solar Energy Center in Texas, the US for US$250 million. |
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 | 7,000 | 24,000 | 14,316 | 14,592 | 9,950 |
| Entity Type | Public | Private | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Gale E. Klappa | Chairman | Executive Board | 2019 | 72 |
| Scott J. Lauber | Chief Executive Officer; President; Director | Executive Board | 2022 | 57 |
| Xia Liu | Executive Vice President; Chief Financial Officer | Senior Management | 2020 | 53 |
| Molly A. Mulroy | Chief Administrative Officer; Executive Vice President | Senior Management | 2021 | 47 |
| Mary Beth Straka | Senior Vice President - Corporate Communications and Investor Relations | Senior Management | 2015 | 58 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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