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WEC Energy Group

American Utility Company

WEC Energy Group is an American energy company based in Milwaukee, Wisconsin. It provides electricity and natural gas to 4.4 million customers across four states.3 Wikipedia text CC BY-SA 4.0

$108.78 up 2.75 (2.59%)Price as of Oct 16, 2026 at 19:58 UTC

Last updated Oct 21, 2026.

Overview

1896Founded1

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  • TickerWEC on NYSE1
  • IndustryElectric & Other Services Combined1
  • HeadquartersMilwaukee1
  • Websitewww.wisconsinenergy.com
  • Incorporated inWI6
  • Business address231 W Michigan St, P O Box 1331, Milwaukee, Wi 532016
  • Filer categoryLarge accelerated filer6
  • Legal formBusiness Corporation4
  • LEI549300IGLYTZUK3PVP704
  • StatusActive4
  • LEI statusIssued and current4
  • Registered address301 S. BEDFORD ST. STE 1, 53703 Madison, United States4
  • Registered withCorporation Section (Division of Corporate & Consumer Services, Department of Financial Institutions), 1W168344

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WEC Energy Group is an American energy company based in Milwaukee, Wisconsin. It provides electricity and natural gas to 4.4 million customers across four states.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

22.9%Operating margin10
15.9%Net margin10
14.0%Revenue growth, 202510
11.1%Return on equity10
1.32×Debt to equity10

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Wisconsin brought in 71% of the revenue WEC Energy Group broke down this way in fiscal 2025.

  1. Wisconsin$7.3B1071%up 15% from 2024
  2. Illinois$1.7B1016%up 5% from 2024
  3. Non-Utility Energy Infrastructure$770.2M107%up 11% from 2024
  4. Other States$527.5M105%up 17% from 2024
Business segments by year
Business segments202320242025
Wisconsin$6.6B$6.3B$7.3B
Illinois$1.6B$1.6B$1.7B
Non-Utility Energy Infrastructure$666.5M$691.3M$770.2M
Other States$519.1M$449.8M$527.5M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue33¢$3.3B
  • Other costs50¢$4.9B
  • Income tax1¢$118.0M
  • Profit16¢$1.6B

Out of $9.8B in revenue.10

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid34¢$1.1B
  • Share buybacks0¢$1.3M
  • Kept or used elsewhere66¢$2.2B

Out of $3.4B of cash from operations.10

Financial statements

Revenue1112131410$9.8B in 2025+30% since 2019
0$2.5B$5.0B$7.5B$10.0B2019: $7.5B$7.5B20192020: $7.2B$7.2B2020−4%2021: $8.3B$8.3B2021+15%2022: $9.6B$9.6B2022+15%2023: $8.9B$8.9B2023−7%2024: $8.6B$8.6B2024−3%2025: $9.8B$9.8B2025+14%
Operating income1112131410$2.2B in 2025+47% since 2019
0$1.0B$2.0B$3.0B2019: $1.5B$1.5B20192020: $1.7B$1.7B2020+11%2021: $1.7B$1.7B2021+1%2022: $1.9B$1.9B2022+12%2023: $1.9B$1.9B2023−1%2024: $2.2B$2.2B2024+13%2025: $2.2B$2.2B2025+4%
Net income1112131410$1.6B in 2025+37% since 2019
0$500.0M$1.0B$1.5B$2.0B2019: $1.1B$1.1B20192020: $1.2B$1.2B2020+6%2021: $1.3B$1.3B2021+8%2022: $1.4B$1.4B2022+9%2023: $1.3B$1.3B2023−6%2024: $1.5B$1.5B2024+14%2025: $1.6B$1.6B2025+2%

Every line of the income statement as filed: the last 3 fiscal years, latest first.10

Period ending2025-12-312024-12-312023-12-31
Operating revenues$9.8B$8.6B$8.9B
Cost of sales$3.3B$2.7B$3.2B
Other operation and maintenance$2.4B$2.2B$2.1B
Impairments related to Illinois segment$130.0M$12.1M$178.9M
Depreciation and amortization$1.5B$1.4B$1.3B
Property and revenue taxes$280.1M$266.5M$250.2M
Total operating expenses$7.6B$6.4B$7.0B
Operating income$2.2B$2.2B$1.9B
Equity in earnings of transmission affiliates$215.8M$207.5M$177.5M
Other income, net$107.9M$178.2M$177.7M
Interest expense$895.1M$815.3M$727.4M
Gain on debt extinguishments$0-$23.1M-$500.0K
Other expense-$571.4M-$406.5M-$371.7M
Income before income taxes$1.7B$1.7B$1.5B
Income tax expense$118.0M$222.0M$204.6M
Net income$1.6B$1.5B$1.3B
Preferred stock dividends of subsidiary$1.2M$1.2M$1.2M
Net loss attributed to noncontrolling interests$3.2M$4.1M$1.2M
Net income attributed to common shareholders$1.6B$1.5B$1.3B
Basic (in dollars per share)$4.84$4.83$4.22
Diluted (in dollars per share)$4.81$4.83$4.22
Basic (in shares)321.9M shares316.2M shares315.4M shares
Diluted (in shares)323.8M shares316.5M shares315.9M shares

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Corporate structure

WEC Energy Group sits at the top of its group. 49 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of WEC Energy Group

  • WEC Energy Group Madison, Wisconsin, United States
    • INTEGRYS HOLDING, INC. Milwaukee, Wisconsin, United States
      • Wisconsin Public Service Corporation Milwaukee, Wisconsin, United States
      • MICHIGAN GAS UTILITIES CORPORATION Subsidiary · Wilmington, Delaware, United States
      • MINNESOTA ENERGY RESOURCES CORPORATION Subsidiary · Wilmington, Delaware, United States
      • NORTH SHORE GAS COMPANY Subsidiary · Milwaukee, Wisconsin, United States
      • THE PEOPLES GAS LIGHT AND COKE COMPANY Subsidiary · Milwaukee, Wisconsin, United States
    • We Energies Milwaukee, Wisconsin, United States
    • American Transmission Company LLC Subsidiary · Wisconsin, United States
    • ATC Development Manager, Inc. Subsidiary · Delaware, United States
    • ATC Holdco LLC Subsidiary · Delaware, United States
    • ATC Holding LLC Subsidiary · Wisconsin, United States
    • ATC Management Inc. Subsidiary · Wisconsin, United States
    • BGS Kimball Gas Storage, LLC Subsidiary · Delaware, United States
    • Bishop Hill Energy III Holdings LLC Subsidiary · Delaware, United States
    • Blooming Grove Wind Energy Center Holdings LLC Subsidiary · Delaware, United States
    • Bluewater Gas Storage, LLC Subsidiary · Delaware, United States
    • Bluewater Natural Gas Holding, LLC Subsidiary · Delaware, United States
    • Coyote Ridge Wind, LLC Subsidiary · Oregon, United States
    • Delilah Solar Holdings LLC Subsidiary · Delaware, United States
    • Elm Road Generating Station Supercritical, LLC Subsidiary · Wisconsin, United States
    • Elm Road Services, LLC Subsidiary · Wisconsin, United States
    • HSE3 Holdings LLC Subsidiary · Delaware, United States
    • Jayhawk Wind, LLC Subsidiary · Delaware, United States
    • Maple Flats Holding LLC Subsidiary · Delaware, United States
    • Michigan Gas Utilities Corporation Subsidiary · Delaware, United States
    • Minnesota Energy Resources Corporation Subsidiary · Delaware, United States
    • North Shore Gas Company Subsidiary · Illinois, United States
    • Peoples Energy, LLC Subsidiary · Delaware, United States
    • Port Washington Generating Station, LLC Subsidiary · Wisconsin, United States
    • Samson OpCo Holdings LLC Subsidiary · Delaware, United States
    • and 18 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What WEC Energy Group reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Accumulated depreciation$12.4B10 Dec 31, 2025$11.6B10 Dec 31, 2024+6.9%
Property and equipment, net$38.3B10 Dec 31, 2025$34.6B10 Dec 31, 2024+10.5%
Finance-lease assets$335.5M10 Dec 31, 2025$281.3M10 Dec 31, 2024+19.3%
Operating-lease assets (leased space)$69.5M10 Dec 31, 2025$32.1M10 Dec 31, 2024+116.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$27.6M10 Dec 31, 2025$9.8M10 Dec 31, 2024+181.6%
Stakes in other companies (equity method)$2.4B10 Dec 31, 2025$2.2B10 Dec 31, 2024+7.4%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$3.1B10 Dec 31, 2025$3.1B10 Dec 31, 20240%
Indefinite-lived intangibles (excluding goodwill)$44.4M10 Dec 31, 2025$29.3M10 Dec 31, 2024+51.5%

Properties, in its own words

We own our principal properties outright. However, the major portion of our electric utility distribution lines, steam utility distribution mains, and natural gas utility distribution mains and services are located on or under streets and highways, on land owned by others, and are generally subject to granted easements, consents, or permits.

2025 Form 10-K · 40 · WEC Energy Group, Inc.

The rest of Item 2

A. REGULATED

Electric Facilities

The following table summarizes information on our electric generation facilities, including owned and jointly owned facilities, as of December 31, 2025:

Name · Location · Fuel · Number of Generating Units · Capacity In MW (1)

Natural gas-fired plants

PWGS · Port Washington, WI · Natural Gas · 2 · 1,210 · (3)

Fox Energy Center · Wrightstown, WI · Natural Gas · 3 · 579

Concord Generating Station · Watertown, WI · Natural Gas/Oil · 4 · 367

Paris · Union Grove, WI · Natural Gas/Oil · 4 · 360

VAPP · Milwaukee, WI · Natural Gas · 2 · 278

Germantown Power Plant · Germantown, WI · Natural Gas/Oil · 5 · 261

Whitewater · Whitewater, WI · Natural Gas/Oil · 1 · 234

West Riverside · Beloit, WI · Natural Gas · 1 · 190 · (2)

De Pere Energy Center · De Pere, WI · Natural Gas/Oil · 1 · 170

West Marinette Power Plant · Marinette, WI · Natural Gas · 3 · 149

Weston · Rothschild, WI · Natural Gas · 7 · 130

F.D. Kuester Generating Station · Negaunee, MI · Natural Gas · 7 · 128

Pulliam · Green Bay, WI · Natural Gas · 1 · 82

A.J. Mihm Generating Station · Baraga, MI · Natural Gas · 3 · 55

Total natural gas-fired plants · 44 · 4,193

Coal-fired plants

ERGS · Oak Creek, WI · Coal · 2 · 1,083 · (2) (3)

Weston · Rothschild, WI · Coal · 2 · 699 · (2) (7)

OCPP · Oak Creek, WI · Coal · 2 · 607 · (7)

Columbia · Portage, WI · Coal · 2 · 306 · (2)

Total coal-fired plants · 8 · 2,695

Wind facilities

Glacier Hills Wind Park · Cambria, WI · Wind · 90 · 162

Blue Sky Green Field Wind Park · Fond du Lac, WI · Wind · 88 · 145

Crane Creek Wind Park · Howard County, IA · Wind · 66 · 99

Red Barn · Grant County, WI · Wind · 28 · 82 · (2)

Forward Wind · Fond du Lac County, WI · Wind · 86 · 62 · (2)

Montfort Wind Energy Center · Montfort, WI · Wind · 20 · 30

Total wind facilities · 378 · 580

Solar facilities

Darien · Rock and Walworth counties, WI · Solar · 65 · 225 · (2)

Paris · Kenosha County, WI · Solar · 53 · 180 · (2)

Two Creeks · Manitowoc County, WI · Solar · 48 · 100 · (2)

Badger Hollow I · Iowa County, WI · Solar · 41 · 100 · (2)

Badger Hollow II · Iowa County, WI · Solar · 40 · 100 · (2)

DER Facilities (5 in number) · Wisconsin · Solar · 15 · 38 · (8)

Solar Now · Wisconsin · Solar · 28 · 30

Total solar facilities · 290 · 773

Other renewable facilities

Hydro plants (26 in number) · WI and MI · Hydro · 80 · 88 · (4) (5)

Rothschild · Rothschild, WI · Biomass · 1 · 46 · (6)

Total other renewable facilities · 81 · 134

Total electric generation facilities · 801 · 8,375

(1) Capacity for our electric generation facilities, other than wind and solar generating facilities, is based on rated capacity, which is the net power output under average operating conditions with equipment in an average state of repair as of a given month in a given year. Values are

2025 Form 10-K · 41 · WEC Energy Group, Inc.

primarily based on the net dependable expected capacity ratings for summer 2026 established by tests and may change slightly from year to year. The summer period is the most relevant for capacity planning purposes. This is a result of continually reaching demand peaks in the summer months, primarily due to air conditioning demand. Capacity for wind generating facilities is based on nameplate capacity, which is the amount of energy a turbine should produce at optimal wind speeds. Capacity for solar generating facilities is based on nameplate capacity, which is the maximum output that a generator should produce at continuous full power.

(2) Our subsidiaries jointly own these facilities with various other unaffiliated entities. The capacity indicated for each of these units is equal to our subsidiaries' portion of total plant capacity based on its percent of ownership. See Note 8, Jointly-Owned Utility Facilities, for more information on our ownership interests.

(3) These facilities are part of the Company's non-utility energy infrastructure segment. See B. Non-Utility Energy Infrastructure Segment below.

(4) All of our hydroelectric facilities follow FERC guidelines and/or regulations.

(5) WRPC owns and operates the Castle Rock and Petenwell units. WPS holds a 50.0% ownership interest in WRPC and is entitled to 50.0% of the total capacity at Castle Rock and Petenwell. WPS's share of capacity for Castle Rock and Petenwell is 7.0 MWs and 10.3 MWs, respectively.

(6) WE has a biomass power plant that uses wood waste and wood shavings to produce electric power as well as steam to support the paper mill's operations. Fuel for the power plant is supplied by both the paper mill and through contracts with biomass suppliers. The plant also has the ability to burn natural gas if wood waste and wood shavings are not available.

(7) We expect to retire approximately 900 MWs of additional coal-fired generation, which includes the planned retirements of OCPP Units 7-8 and Weston Unit 3.

(8) DER facilities are distribution system interconnected solar projects that are typically 5-10 MWs each.

As of December 31, 2025, we operated approximately 35,200 miles of overhead distribution lines and approximately 37,600 miles of underground distribution cable, as well as approximately 420 electric distribution substations and approximately 649,500 line transformers.

Battery Energy Storage Systems

We also own 99 MWs of BESS at Paris located in Kenosha County, WI which was completed in June 2025.

Natural Gas Facilities

At December 31, 2025, our natural gas properties were located in Illinois, Wisconsin, Minnesota, and Michigan, and consisted of the following:

Item 2 of the 10-K filed Feb 20, 2026.20

Stakes and holdings (Wikidata)

Things Wikidata records the company as owning, with the share when stated.1

The story

1896 The Milwaukee Electric Railway and Light Company was formed as a subsidiary of the North American Company to provide interurban rail service in a 12,000-square-mile (31,000 km2) area of southeastern Wisconsin. In time, the company began selling electricity not needed to power the interurban trains to individuals and businesses.

1919 Experiments at the company's East Wells Power Plant (then called Oneida Street Station) in downtown Milwaukee, proved that use of pulverized coal reduced the cost of producing electric power and conserved fuel.

1921 Wisconsin Electric Power Company is formed by the North American Company to build and operate the Lakeside Power Plant in St. Francis, Wisconsin. Lakeside was the world's first power plant to burn pulverized coal exclusively.

1935 The first of five 80-megawatt units at Port Washington Power Plant was brought on line. From 1935 to 1948, Port Washington was the most efficient coal-fueled power plant in the world.

1938 Milwaukee Electric Railway and Light was merged into Wisconsin Electric.

1941 Wisconsin Electric purchased Wisconsin Gas & Electric Company and Wisconsin Michigan Power Company, which also had been under the North American Company.

1946 Wisconsin Electric becomes an independent company, no longer part of the North American Company.

1953 Wisconsin Electric placed into service the first 120-megawatt unit at Oak Creek Power Plant. Seven additional units were completed through 1968.

Read the full text

1970 Wisconsin Electric's 908-megawatt Point Beach Nuclear Plant began operation and gained a worldwide reputation for efficiency.

1980 Wisconsin Electric placed the first 580-megawatt unit at Pleasant Prairie into service. A second unit was added in 1985.

1987 Wisconsin Electric reorganized as a holding company, Wisconsin Energy Corporation, with Wisconsin Electric, Wispark, Wisvest and Witech as subsidiaries.

1994 Wisconsin Energy purchased Lake Geneva-based Wisconsin Southern Gas Co. and merged it into Wisconsin Natural, which subsequently merged with Wisconsin Electric in 1995.

1998 Wisconsin Energy bought ESELCO, parent company of the Edison Sault Electric Company, based in Sault Ste. Marie, Michigan.

2000 WICOR, holding company of Wisconsin Gas, became part of Wisconsin Energy, creating the largest electric and natural gas provider in Wisconsin. The corporation also announced a 10-year plant to invest US$7.0 billion to build five new power plants, to upgrade existing plants and to improve its electric distribution system.

2001 American Transmission Company, the first multi-state all-transmission utility in the United States, was formed by Wisconsin's major utilities, and Wisconsin Electric transferred ownership of its transmission lines to American Transmission in exchange for shares in the new company.

2002 Wisconsin Electric and Wisconsin Gas began doing business as We Energies.

2004 Wisconsin Energy sold the non-energy assets of WICOR for US$850 million as part of its strategy to divest its non-core businesses.

2005 Construction of two 615-megawatt coal-fired units began at the Oak Creek Power Plant site. The same year, the first of two 545-megawatt natural-gas-fueled units began commercial operation at Port Washington Generating Station.

2007 Wisconsin Energy sold Point Beach Nuclear Plant to FPL Energy for approximately US$924 million, with We Energies entitled to the output for the life of the plant.

2008 The Blue Sky Green Field Wind Farm began operation on a 10,600-acre (43 km2) site with 88 turbines (145-megawatt capacity) in Wisconsin's Fond du Lac County.

2009 We Energies received approval to construct and operate the Glacier Hills Wind Park in Wisconsin's Columbia County. The company also announced plans to build a biomass generating facility at the Domtar paper mill in Rothschild, Wisconsin.

2010 The first of two 615-megawatt coal-fueled units at the company's Oak Creek expansion site attains commercial operation on Feb. 2. Wisconsin Energy completed the sale of Edison Sault Electric Company to Cloverland Electric Cooperative. In May, construction began on the Glacier Hills Wind Park in Columbia County.

2011 The second of two 615-megawatt coal-fueled units at the company's Oak Creek expansion site attains commercial operation on Jan. 12. Glacier Hills Wind Park began operating 90 turbines in the towns of Randolph and Scott in Wisconsin.

2013 A 50-megawatt, biomass-based, cogeneration facility in Rothschild, Wisconsin, began commercial operation to provide base-load power for the electric system and steam to the Domtar paper mill.

2014 Wisconsin Energy announced that it was purchasing Integrys Energy Group, parent company of Peoples Gas, North Shore Gas and Wisconsin Public Service, for $9.1 billion.

2015 The company completed its acquisition of Integrys Energy Group in a deal worth $9.1 billion.

2017 WEC Energy Group acquired Bluewater Gas Storage, a Michigan-based company, to provide about one-third of storage needs for WEC Energy Group's natural gas distribution companies in Wisconsin.

2019 WEC Energy Group "paid an effective federal tax rate of 0% or less" as a result of Donald Trump´s Tax Cuts and Jobs Act of 2017.

From Wikipedia’s article on WEC Energy Group, shared under CC BY-SA 4.0.7

Leadership

Who has led WEC Energy Group, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Gale E. Klappa2006–2019
  2. Charles R. Matthews2015–2022
  3. Allen L. Leverett2016–2017
  4. Joseph Kevin Fletcher2019–2022
  5. Scott J. Lauber2022–now

Chair

  1. Gale E. Klappa2006–2024

President

  1. Gale E. Klappa2006–2013
  2. Allen L. Leverett2013–2018
  3. Charles R. Matthews2015–2022
  4. Joseph Kevin Fletcher2018–2019
  5. Scott J. Lauber2022–2024
  6. Michael Hooper2024–now

Chief financial officer

  1. Allen L. Leverett2006–2011
  2. Frederick D. Kuester2011–2012
  3. James Patrick Keyes2012–2016
  4. Scott J. Lauber2017–2020
  5. Xia Liu2020–now

Chief operating officer

  1. Scott J. Lauber2020–2022
  2. Michael Hooper2026–now
197019801990200020102020
Board members and other officers (52)

Products and brands

Wisconsin

We Energies, the umbrella name for Wisconsin Electric Power and Wisconsin Gas, provides electricity and natural gas to customers in Wisconsin

Wisconsin Public Service Corporation provides electricity and natural gas to customers in northeastern and northcentral Wisconsin

Bluewater Gas Storage provides natural gas storage and hub services for We Energies and Wisconsin Public Service

WEC Infrastructure designs, builds and owns electric generating plants

Read the full text

Wispark develops and invests in real estate, industrial/office buildings and urban redevelopment projects

Wisconsin River Power Company, WEC Energy Group owns 50% while Alliant Energy owns the other 50%

Illinois

Peoples Energy provides natural gas to customers in the city of Chicago

North Shore Gas provides natural gas to customers in Chicago's northern suburbs

Minnesota

Minnesota Energy Resources Corporation provides natural gas to customers in Minnesota

Michigan

Michigan Gas Utilities Corporation provides natural gas to customers in lower Michigan

Upper Michigan Energy Resources provides electric and natural gas to customers in Michigan's Upper Peninsula

From Wikipedia’s article on WEC Energy Group, shared under CC BY-SA 4.0.7

Subsidiaries and ownership

Subsidiaries

Also owns

Also consolidated

Subsidiaries (Exhibit 21)

  • ATC Development Manager, Inc. Delaware8
  • ATC Holdco LLC Delaware8
  • ATC Holding LLC Wisconsin8
  • ATC Management Inc. Wisconsin8
  • American Transmission Company LLC Wisconsin8
  • BGS Kimball Gas Storage, LLC Delaware8
  • Bishop Hill Energy III Holdings LLC Delaware8
  • Blooming Grove Wind Energy Center Holdings LLC Delaware8
  • Bluewater Gas Storage, LLC Delaware8
  • Bluewater Natural Gas Holding, LLC Delaware8
  • Coyote Ridge Wind, LLC Oregon8
  • Delilah Solar Holdings LLC Delaware8
  • Elm Road Generating Station Supercritical, LLC Wisconsin8
  • Elm Road Services, LLC Wisconsin8
  • HSE3 Holdings LLC Delaware8
  • Integrys Holding, Inc. Wisconsin8
  • Jayhawk Wind, LLC Delaware8
  • Maple Flats Holding LLC Delaware8
  • Michigan Gas Utilities Corporation Delaware8
  • Minnesota Energy Resources Corporation Delaware8
  • North Shore Gas Company Illinois8
  • Peoples Energy, LLC Delaware8
  • Port Washington Generating Station, LLC Wisconsin8
  • Samson OpCo Holdings LLC Delaware8
All 41 listed subsidiaries
  • Sapphire Sky Wind Energy Holdings LLC Delaware8
  • Tatanka Ridge Wind, LLC Delaware8
  • The Peoples Gas Light and Coke Company Illinois8
  • Thunderhead Wind Energy Holdings LLC Delaware8
  • Upper Michigan Energy Resources Corporation Michigan8
  • Upstream Wind Energy Holdings LLC Delaware8
  • W.E. Power, LLC Wisconsin8
  • WEC Business Services LLC Delaware8
  • WEC Infrastructure Energy Holding III LLC Delaware8
  • WEC Infrastructure LLC Delaware8
  • WEC Infrastructure Wind Holding I LLC Delaware8
  • WEC Infrastructure Wind Holding II LLC Delaware8
  • WEC Investments, LLC Delaware8
  • Wisconsin Gas LLC Wisconsin8
  • Wisconsin Public Service Corporation Wisconsin8
  • Wisconsin River Power Company Wisconsin8
  • Wispark LLC Wisconsin8

From Wikidata.1 Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record. The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Acquisitions

  1. Jun 29, 2015Love's Alternative Energy became a subsidiary1
  2. Succeeded Integrys Energy Group1

On May 3, 1995, Wisconsin Energy Corporation and Northern States Power Company (NYSE: NSP) each filed a Securities and Exchange Commission Form 8-K to combine in a merger-of-equals transaction to form Primergy Corporation. It would have been the 10th largest investor-owned electric and gas utility company in the United States, based on market capitalization at that time of about US$6.0 billion. NSP would have been the nominal survivor, and the merged company would be headquartered in Minneapolis (headquarters of the old NSP), but the merged company would have been registered in Wisconsin.

On May 16, 1997, both CEOs announced that the boards of directors of both companies had terminated the merger plan because of approval delays by the U.S. Department of Justice, the SEC, and state regulators in Minnesota and Wisconsin. They also stated that regulatory agencies were changing their merger policies as they were considering the companies' filing and that further delay would reduce the benefits of the Primergy transaction.

The delay already had put the merger five months behind schedule and had reduced earnings for both utilities by a total of US$58 million to that point. In addition, Wisconsin Energy's stock had fallen about 13% since early 1995 when the deal had been announced, while NSP's stock had risen by 6%. The case was considered to be a bellwether in the utilities industry, putting an end to the rapid pace of mergers and acquisitions that had been ongoing up to then.

From Wikipedia’s article on WEC Energy Group, shared under CC BY-SA 4.0.7

Former names

  • WISCONSIN ENERGY CORPFeb 28, 1995 to Jun 29, 20156

Timeline

  1. Sep 4, 20268-K Regulation FD disclosure87
  2. Aug 18, 20268-K Entered a material agreement88
  3. Aug 11, 20268-K Executive or director change89
  4. Aug 3, 20268-K Regulation FD disclosure90
  5. Jul 29, 20268-K Results of operations91
  6. Jun 1, 20268-K Regulation FD disclosure92
  7. May 12, 20268-K Shareholder vote93
  8. May 11, 20268-K Regulation FD disclosure94
  9. May 8, 20268-K Executive or director change95
  10. May 5, 20268-K Results of operations96
  11. Apr 1, 20268-K Regulation FD disclosure; Other events97
  12. Mar 2, 20268-K Regulation FD disclosure98
  13. Nov 23, 2022New chief executive Scott J. Lauber becomes CEO21
  14. Aug 30, 2019New chief executive Joseph Kevin Fletcher becomes CEO22
  15. May 4, 2016New chief executive Allen L. Leverett becomes CEO23
  16. Jul 9, 2015New chief executive Charles R. Matthews becomes CEO24
  17. Jan 5, 2006New chief executive Gale E. Klappa becomes CEO25
  18. 1896Founded Founded1

Calendar

Coming up

  1. Oct 29, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported $0.83 a share, on Oct 30, 2025.99

When it reported results

  1. Jul 29, 2026Reported quarterly or annual results91
  2. May 5, 2026Reported quarterly or annual results96
  3. Feb 5, 2026Reported quarterly or annual results100
  4. Feb 3, 2026Reported quarterly or annual results101
  5. Jan 5, 2026Reported quarterly or annual results102
  6. Oct 30, 2025Reported quarterly or annual results103
  7. Jul 30, 2025Reported quarterly or annual results104
  8. May 6, 2025Reported quarterly or annual results105

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

590 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 124 major events, 331 insider forms, 14 large holders, 101 other. The latest 20:

  1. Oct 9, 20264 EDGAR
  2. Oct 9, 20264 EDGAR
  3. Oct 9, 20264 EDGAR
  4. Sep 4, 20268-K EDGAR
  5. Sep 3, 20264 EDGAR
  6. Sep 2, 20263 EDGAR
  7. Aug 18, 20268-K EDGAR
  8. Aug 12, 20264 EDGAR
  9. Aug 11, 2026144 EDGAR
  10. Aug 11, 20268-K EDGAR
  11. Aug 4, 202610-Q EDGAR
  12. Aug 3, 20268-K EDGAR
  13. Jul 29, 20268-K EDGAR
  14. Jul 9, 20264 EDGAR
  15. Jul 9, 20264 EDGAR
  16. Jul 9, 20264 EDGAR
  17. Jun 17, 2026144 EDGAR
  18. Jun 1, 20268-K EDGAR
  19. May 28, 202611-K WEC ENERGY GROUP EMPLOYEE RETIREMENT SAVINGS PLAN 11-K EDGAR
  20. May 28, 202611-K WEC ENERGY GROUP LIMITED RETIREMENT SAVINGS PLAN 11-K EDGAR

The 590 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

54 open-market trades by officers, directors and large owners since October 2021: 2 buys and 52 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 11, 2026PAYNE ULICE JRDirectorSale980$105.58$103.5KForm 4
May 19, 2026Krueger DanielEVP WEC InfrastructureSale4,665$110.96$517.6KForm 4
Feb 24, 2026PAYNE ULICE JRDirectorSale1,450$114.60$166.2KForm 4
Feb 23, 2026KLAPPA GALE EDirectorSale3,180$115.44$367.1KForm 4
Feb 17, 2026KLAPPA GALE EDirectorSale5,000$116.55$582.8KForm 4
Feb 13, 2026Straka Mary BethSr. VP-Corp Comm & Inv RelSale2,815$115.50$325.1KForm 4
Feb 13, 2026KLAPPA GALE EDirectorSale25,000$115.44$2.9MForm 4
Feb 9, 2026Lauber Scott JPresident and CEOSale8,089$110.70$895.5KForm 4
Nov 7, 2025Erickson Joshua MVP and Deputy General CounselSale100$112.47$11.2KForm 4
Aug 19, 2025Garvin Robert MExec Vice President - Ext AffsSale13,185$108.12$1.4MForm 4
Aug 18, 2025Garvin Robert MExec Vice President - Ext AffsSale1,000$107.91$107.9KForm 4
Aug 8, 2025Lauber Scott JPresident and CEOSale9,231$110.88$1.0MForm 4
Aug 7, 2025PAYNE ULICE JRDirectorSale1,620$111.00$179.8KForm 4
Aug 4, 2025Krueger DanielEVP WEC InfrastructureSale5,930$111.14$659.1KForm 4
Aug 4, 2025KLAPPA GALE EDirectorSale5,960$110.98$661.4KForm 4
Aug 1, 2025Straka Mary BethSr. VP-Corp Comm & Inv RelSale2,500$110.55$276.4KForm 4
Aug 1, 2025Reese AnthonyVice President and TreasurerSale4,177$110.30$460.7KForm 4
Aug 1, 2025Mulroy Molly AEVP & Chief Admin OfficerSale4,030$110.33$444.6KForm 4
Aug 1, 2025KLAPPA GALE EDirectorSale35,000$110.73$3.9MForm 4
May 20, 2025Erickson Joshua MVP and Deputy General CounselSale2,155$107.77$232.2KForm 4

All 54 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Scott J. LauberPresident and CEO$1.2M$11.8M112
2025Xia LiuExecutive Vice President and CFO$873.4K$5.1M112
2025Michael W. HooperExecutive Vice President and COO$690.8K$3.6M112
2025Margaret C. KelseyExecutive Vice President, General Counsel and Corporate Secretary$664.7K$3.0M112
2025Robert M. GarvinExecutive Vice President - External Affairs$612.8K$2.7M112
2024Scott J. LauberPresident and CEO$1.1M$10.6M112
2024Xia LiuExecutive Vice President and CFO$841.9K$5.0M112
2024Margaret C. KelseyExecutive Vice President, General Counsel and Corporate Secretary$640.7K$2.9M112
2024Michael W. HooperExecutive Vice President and COO$525.8K$2.7M112
2024Robert M. GarvinExecutive Vice President - External Affairs$577.7K$2.5M112
2023Scott J. LauberPresident and CEO$1.1M$9.2M112
2023Xia LiuExecutive Vice President and CFO$803.2K$4.5M112
2023Margaret C. KelseyExecutive Vice President, General Counsel and Corporate Secretary$611.3K$2.7M112
2023Robert M. GarvinExecutive Vice President - External Affairs$547.4K$2.3M112

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.33,321,277$3.9B0.1%+271,339
Vanguard Capital Management LLC21,255,153$2.5B0.1%+107,947
State Street Corp21,094,044$2.5B0.1%−148,775
Vanguard Portfolio Management LLC16,877,935$2.0B0.1%+106,327
Geode Capital Management, LLC9,240,374$1.1B0.1%+133,722
Bank Of America Corp /de/8,605,748$1.0B0.1%+635,698
Wells Fargo & Company/mn8,572,855$1.0B0.2%+12,641
Deutsche Bank Ag\6,053,574$706.9M0.2%+122,034
Ameriprise Financial Inc5,822,834$680.8M0.1%+155,051
Charles Schwab Investment Management Inc5,385,908$629.7M0.1%−55,674
Jpmorgan Chase & Co5,161,378$611.3M0.0%−365,315
Franklin Resources Inc4,670,940$545.4M0.1%+236,929
Invesco Ltd.4,618,948$539.4M0.0%−2,109
Morgan Stanley4,291,770$501.2M0.0%−451,083
Federated Hermes, Inc.4,125,344$481.7M0.7%+701,581
Envestnet Asset Management Inc3,734,979$436.1M0.1%+111,057
Wellington Management Group Llp3,572,456$417.2M0.1%−1,249,928
Northern Trust Corp3,490,269$407.6M0.0%+107,321
Barclays PLC3,217,999$375.8M0.1%+1,766,992
Nuveen, LLC2,875,006$335.7M0.1%−715,998
Raymond James Financial Inc2,585,441$301.9M0.1%+105,779
Legal & General Group Plc2,561,444$299.1M0.1%−66,137
PNC Financial Services Group, Inc.2,539,022$296.5M0.1%−31,993
Clearbridge Investments, LLC2,131,128$248.9M0.2%−37,563
Bank of New York Mellon Corp1,959,186$228.8M0.0%−55,208

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

14 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Sep 25, 2025Julie JohnsonDemocratic, HouseSale$1,001 - $15,000+22.0%Report
Sep 23, 2025Julie JohnsonDemocratic, HouseBuy$1,001 - $15,000−21.5%Report
Sep 23, 2025Julie JohnsonDemocratic, HouseSale$1,001 - $15,000+21.5%Report
May 15, 2025Robert P. Bresnahan, Jr.Republican, HouseSale$1,001 - $15,000+29.6%Report
Apr 8, 2025Robert P. Bresnahan, Jr.Republican, HouseBuy$1,001 - $15,000−52.5%Report
Sep 4, 2024John JamesRepublican, HouseSale$1,001 - $15,000+27.9%Report
Jul 5, 2024Jared MoskowitzDemocratic, HouseSale$1,001 - $15,000+2.9%Report
Jul 1, 2024Jared MoskowitzDemocratic, HouseSale$1,001 - $15,000+5.0%Report
Jul 14, 2023Jared MoskowitzDemocratic, HouseBuy$1,001 - $15,000−55.8%Report
May 25, 2022Shelley Moore CapitoRepublican, SenatePartial sale$1,001 - $15,000+94.0%Report
Jan 28, 2021Peter Meijer, HousePartial sale$1,001 - $15,000+85.9%Report
Jan 28, 2021Peter Meijer, HousePartial sale$1,001 - $15,000+85.9%Report
Jan 28, 2021Peter Meijer, HousePartial sale$1,001 - $15,000+85.9%Report
Jan 13, 2020Michael John Gallagher, HouseSale$1,001 - $15,000+122.1%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How WEC Energy Group is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARWEC ENERGY GROUP, INC.2
  • CIK0000783325
  • Employer ID (EIN)39-139152520
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company20
  • Incorporated inWisconsin20
  • Fiscal year endsDecember 312
  • Industry code (SIC)4931 Electric & Other Services Combined2
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance2
  • Business address231 W Michigan St, P O Box 1331, Milwaukee, WI 532012
  • Mailing address231 West Michigan Street, P O Box 1331, Milwaukee, WI 532012
  • Phone414-221-23452
  • Shares outstanding325,849,383 as of Jun 30, 202615
  • Public float$33.5B as of Jun 30, 202520
  • AuditorDELOITTE & TOUCHE LLP, Milwaukee, Wisconsin PCAOB ID 34; it also attests to the company’s internal control over financial reporting20
  • On EDGAR sinceFeb 17, 19952
  • Filings2,487 in all: 4 (1,291), 8-K (515), 10-Q (95), 425 (63), SC 13G/A (57), 11-K (46), 3 (42), 144 (38)2
    All 51 form types

    DEF 14A (32), 10-K (29), SC 13G (26), 424B5 (21), DEFA14A (19), 4/A (18), ARS (16), FWP (15), UPLOAD (15), 8-K/A (14), 424B2 (13), S-8 (12), CORRESP (11), S-3ASR (11), U-1/A (10), 10-K/A (8), U-1 (8), PRE 14A (7), 3/A (6), 424B3 (6), S-3 (6), 35-CERT (4), S-4 (4), 10-K405 (3), S-8 POS (3), NO ACT (2), PX14A6G (2), S-4/A (2), SC 13D (2), SCHEDULE 13G (2), 11-KT (1), 15-15D (1), 424B4 (1), 5 (1), 8-A12B (1), CT ORDER (1), EFFECT (1), POS EX (1), POSASR (1), RW (1), S-3/A (1), SCHEDULE 13G/A (1), SD (1)

  • Latest filingsAnnual report (10-K) Feb 20, 2026
    Quarterly report (10-Q) Aug 4, 2026
    Proxy statement (DEF 14A) Mar 26, 2026
    Latest 8-K (8-K) Sep 4, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $.01 Par ValueWECNew York Stock Exchange

From the cover page of the 10-K filed Feb 20, 2026 (Section 12(b) of the Exchange Act).20

Risk factors and legal proceedings

The risks WEC Energy Group names in Item 1A of its 10-K filed Feb 20, 2026: 31 risks under these headings, as written.20

  • Risks Related to Legislation and Regulation
  • Our business is significantly impacted by governmental legislation, regulation, and oversight.
  • We face significant costs to comply with existing and future environmental laws and regulations.
  • Our operations, capital expenditures, and financial results may be affected by the impact of greenhouse gas legislation, regulation, and our emission reduction goal.
  • Changes in tax legislation, IRS audits, or our inability to use certain tax benefits and carryforwards, may adversely affect our financial condition, results of operations, and cash flows, as well as our credit ratings.
  • Our electric utilities could be subject to higher costs and penalties as a result of mandatory reliability standards.
  • Provisions of the Wisconsin Utility Holding Company Act limit our ability to invest in non-utility businesses and could deter takeover attempts by a potential purchaser of our common stock that would be willing to pay a premium for our common stock.
  • Risks Related to the Operation of Our Business
  • Public health crises, including epidemics and pandemics, could adversely affect our business functions, financial condition, liquidity, and results of operations.
  • Our operations are subject to risks arising from the reliability and safety of our electric generation, transmission, and distribution facilities, natural gas infrastructure facilities, natural gas storage fields, renewable energy facilities, and other facilities, as well as the reliability of third-party transmission providers.
  • The operations of our natural gas utilities depend upon the availability of adequate interstate pipeline transportation capacity and natural gas.
  • Our operations are subject to various conditions that can result in fluctuations in energy sales to customers, including fluctuations in customer growth and general economic conditions in our service areas, varying weather conditions, and energy conservation efforts.
The other 21 risks
  • Our operations are subject to the effects of global climate change.
  • Our operations and future results may be impacted by changing expectations and demands of our customers, regulators, investors, and other stakeholders.
  • Our operations and corporate strategy may be adversely affected by supply chain disruptions, inflation, and tariffs.
  • We are actively involved with multiple significant capital projects, which are subject to a number of risks and uncertainties that could adversely affect project costs and completion of construction projects.
  • We face risks related to providing service to our large-scale customers, including potential customers under our proposed VLC and Bespoke Resources Tariffs, which could impact our business, results of operations, and financial condition.
  • Our operations are subject to risks beyond our control, including but not limited to, cybersecurity intrusions, terrorist or other physical attacks, acts of war, or unauthorized access to personally identifiable information.
  • Adoption of AI technologies could adversely affect our business, reputation, or financial results.
  • Advances in technology, and legislation or regulations supporting such technology, could make our electric generating facilities less competitive and may impact the demand for natural gas.
  • We face risks related to our non-utility renewable energy facilities that could impact our return on investment or have a negative impact on our financial condition or results of operations.
  • We are a holding company and rely on the earnings of our subsidiaries to meet our financial obligations.
  • We may fail to attract and retain an appropriately qualified workforce.
  • Our counterparties may fail to meet their obligations, including obligations under power purchase, natural gas supply, natural gas pipeline capacity, and transportation agreements.
  • Risks Related to Economic and Market Volatility
  • Our business is dependent on our ability to successfully access credit and capital markets on competitive terms and rates.
  • A downgrade in our credit ratings could negatively affect our ability to access capital at reasonable costs and/or require the posting of collateral.
  • The fluctuation in demand for certain commodities and their respective prices could negatively impact our operations.
  • We may not be able to obtain an adequate supply of coal, which could limit our ability to operate our coal-fired facilities.
  • Our use of derivative contracts could result in financial losses.
  • Restructuring in the regulated energy industry and competition in the retail and wholesale markets could have a negative impact on our business and revenues.
  • Volatility in the securities markets, interest rates, changes in assumptions, market conditions, and other factors may impact the performance of our benefit plan holdings and other investment funds.
  • General Risks
  • We have recorded goodwill and other long-lived assets, including intangible assets, which could become impaired.
  • We may be unable to obtain insurance on acceptable terms or at all, and the insurance coverage we do obtain may not provide protection against all significant losses.

Legal proceedings

In addition to those legal proceedings discussed in Note 24, Commitments and Contingencies, and Note 26, Regulatory Environment, we are currently, and from time to time, subject to claims and suits arising in the ordinary course of business. Although the results of these additional legal proceedings cannot be predicted with certainty, management believes, after consultation with legal counsel, that the ultimate resolution of these proceedings will not have a material impact on our financial statements.

The opening of Item 3, Legal Proceedings.20

Sources

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