Overview
- IndustryElectric & Other Services Combined1
- HeadquartersGreen Bay, Wisconsin1
- Incorporated inWI2
- Business address700 North Adams Street, Po Box 19001, Green Bay, Wi 54307-90012
- Filer categoryNon-accelerated filer2
See how the biggest companies compare on our leaderboards
We are an indirect, wholly owned subsidiary of WEC Energy Group and were incorporated in the state of Wisconsin in 1883. We serve customers in northeastern and central Wisconsin. We conduct our business primarily through our utility reportable segment.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue33¢$609.3M
- Other costs47¢$867.2M
- Income tax4¢$66.8M
- Profit16¢$293.6M
Out of $1.8B in revenue.4
Where each dollar of operating cash went, fiscal 2025
- Kept or used elsewhere100¢$514.4M
Out of $514.4M of cash from operations.4
Financial statements
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $1.4B5 | $1.4B6 | $1.5B7 | $1.8B8 | $1.7B4 | $1.6B4 | $1.8B4 |
| Cost of revenue | $540.6M5 | $458.3M6 | $597.2M7 | $845.1M8 | $606.8M4 | $485.3M4 | $609.3M4 |
| Operating income | $267.6M5 | $308.2M6 | $288.8M7 | $335.4M8 | $366.0M4 | $349.4M4 | $434.8M4 |
| Interest | $63.4M5 | $63.5M6 | $64.7M7 | $70.5M7 | $89.0M7 | ||
| Income before tax | $262.3M7 | $307.2M8 | $322.9M4 | $304.5M4 | $360.4M4 | ||
| Income tax | $59.1M5 | $54.5M6 | $31.2M7 | $72.2M8 | $62.7M4 | $51.6M4 | $66.8M4 |
| Net income | $184.7M5 | $221.6M6 | $231.1M7 | $235.0M8 | $260.2M4 | $252.9M4 | $293.6M4 |
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash | $2.3M13 | $2.7M6 | $2.4M7 | $500.0K8 | $1.4M8 | $1.5M4 | $700.0K4 |
| Receivables | $226.6M6 | $267.8M6 | |||||
| Current assets | $432.0M13 | $365.0M5 | $442.5M6 | $565.1M7 | $503.3M8 | $502.7M4 | $562.4M4 |
| Property, plant and equipment | $5.1B6 | $5.4B7 | $5.8B8 | $6.1B4 | $6.6B4 | ||
| Goodwill | $36.4M6 | $36.4M7 | $36.4M8 | $36.4M4 | $36.4M4 | ||
| Total assets | $5.6B5 | $5.9B6 | $6.2B7 | $6.7B8 | $7.0B4 | $7.5B4 | $8.1B4 |
| Accounts payable | $130.8M6 | $176.9M6 | |||||
| Short-term debt | $05 | $08 | $300.0M4 | $04 | |||
| Current liabilities | $419.1M13 | $869.9M5 | $585.8M6 | $519.8M7 | $580.0M8 | $645.1M4 | $479.4M4 |
| Long-term debt | $1.6B13 | $1.2B5 | $1.7B6 | $2.0B7 | $2.0B8 | $2.0B4 | $2.0B4 |
| Long-term liabilities | $3.5B6 | $3.8B7 | $3.9B8 | $4.1B4 | $4.2B4 | ||
| Retained earnings | $555.9M6 | $670.9M7 | $676.1M8 | $759.0M4 | $932.6M4 | ||
| Shareholders’ equity | $1.9B12 | ||||||
| Shares outstanding | 23.9M shares13 | 23.9M shares5 | 23.9M shares6 | 23.9M shares7 | 23.9M shares8 | 23.9M shares4 | 23.9M shares4 |
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash from operations | $421.1M5 | $453.4M6 | $438.3M7 | $288.2M8 | $575.7M4 | $532.9M4 | $514.4M4 |
| Depreciation and amortization | $188.6M7 | $199.8M8 | $226.9M4 | $238.5M4 | $268.0M4 | ||
| Stock-based compensation | $2.5M7 | $6.2M8 | $1.7M4 | $6.9M4 | $8.9M4 | ||
| Capital spending | $517.8M5 | $530.7M6 | $389.7M6 | $433.8M6 | |||
| Free cash flow | -$96.7M | -$77.3M | $48.6M | -$145.6M | |||
| Cash from investing | -$397.7M7 | -$419.0M8 | -$638.0M4 | -$486.9M4 | -$681.2M4 | ||
| Cash from financing | -$40.9M7 | $166.9M8 | $25.2M4 | -$45.9M4 | $166.0M4 |
Corporate structure
WISCONSIN PUBLIC SERVICE CORP is part of a group headed by WEC Energy Group. 49 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
- 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
- WISCONSIN PUBLIC SERVICE CORP Green Bay, Wisconsin
- 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
- and 18 more
- INTEGRYS HOLDING, INC. Milwaukee, Wisconsin, United States
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). Each entity in the chart links to its source.
What it owns
What WISCONSIN PUBLIC SERVICE CORP 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
| Item | Latest | A year before | Change |
|---|---|---|---|
| Accumulated depreciation | $2.3B4 Dec 31, 2025 | $2.2B4 Dec 31, 2024 | +5.9% |
| Property and equipment, net | $6.6B4 Dec 31, 2025 | $6.1B4 Dec 31, 2024 | +7.7% |
| Finance-lease assets | $67.6M4 Dec 31, 2025 | $58.2M4 Dec 31, 2024 | +16.2% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $700.0K4 Dec 31, 2025 | $1.5M4 Dec 31, 2024 | −53.3% |
| Stakes in other companies (equity method) | $17.8M4 Dec 31, 2025 | $15.8M4 Dec 31, 2024 | +12.7% |
Intangibles and goodwill
Properties, in its own words
We own our principal properties outright. However, the major portion of our electric utility distribution lines 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 · 27 · Wisconsin Public Service Corporation
The rest of Item 2
Electric Facilities
The following table summarizes information on our electric generation facilities, including wholly 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
Fox Energy Center · Wrightstown, WI · Natural Gas · 3 · 579
De Pere Energy Center · De Pere, WI · Natural Gas/Oil · 1 · 170
West Marinette Power Plant · Marinette, WI · Natural Gas · 3 · 149
Whitewater · Whitewater, WI · Natural Gas/Oil · 1 · 117 · (2)
Pulliam · Green Bay, WI · Natural Gas · 1 · 82
Weston · Rothschild, WI · Natural Gas · 7 · 65 · (2)
Total natural gas-fired plants · 16 · 1,162
Coal-fired plants
Weston · Rothschild, WI · Coal · 2 · 699 · (2) (5)
Columbia · Portage, WI · Coal · 2 · 306 · (2)
Total coal-fired plants · 4 · 1,005
Wind facilities
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)
Total wind facilities · 180 · 243
Solar facilities
Two Creeks · Manitowoc County WI · Solar · 48 · 100 · (2)
Badger Hollow I · Iowa County, WI · Solar · 41 · 100 · (2)
Darien · Rock and Walworth counties, WI · Solar · 65 · 37 · (2)
Paris · Kenosha County, WI · Solar · 53 · 30 · (2)
DER facility · Oneida County, WI · Solar · 3 · 8 · (6)
Total solar facilities · 210 · 275
Other renewable facilities
Hydro plants (17 in number) · WI · Hydro · 50 · 45 · (3) (4)
Total other renewable facilities · 50 · 45
Total system · 460 · 2,730
(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 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) We jointly own these facilities with various other affiliated and unaffiliated entities. The capacity indicated for each of these units is equal to our portion of total plant capacity based on our percent of ownership. See Note 8, Jointly-Owned Utility Facilities, for more information.
(3) All of our hydroelectric facilities follow FERC guidelines and/or regulations.
(4) WRPC owns and operates the Castle Rock and Petenwell units. We hold a 50.0% ownership interest in WRPC and are entitled to 50.0% of the total capacity at Castle Rock and Petenwell. Our share of capacity for Castle Rock and Petenwell is 7.0 MWs and 10.3 MWs, respectively.
(5) WEC Energy Group expects to retire approximately 900 MWs of additional coal-fired generation, which includes the planned retirement of Weston Unit 3.
(6) DER facilities are distribution system interconnected solar projects that are typically 5-10 MWs each.
2025 Form 10-K · 28 · Wisconsin Public Service Corporation
As of December 31, 2025, we operated approximately 13,600 miles of overhead distribution lines and approximately 9,500 miles of underground distribution cable, as well as 118 electric distribution substations and approximately 312,200 line transformers.
Battery Energy Storage Systems
We also own 16.5 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 northeastern Wisconsin and consisted of the following:
•Approximately 8,600 miles of natural gas distribution mains,
•Approximately 250 miles of natural gas transmission mains,
•Approximately 319,800 natural gas lateral services, and
•Approximately 100 natural gas distribution and transmission gate stations.
Our natural gas distribution and gas storage systems included distribution and transmission mains connected to the pipeline transmission systems of ANR Pipeline Company, Great Lakes Transmission Company, Guardian Pipeline L.L.C., and Vector Pipeline.
We also own office buildings, natural gas regulating and metering stations, and major service centers, including garage and warehouse facilities, in certain communities we serve. Where distribution lines and services and natural gas distribution mains and services occupy private property, we have in some, but not all instances, obtained consents, permits, or easements for these installations from the apparent owners or those in possession of those properties, generally without an examination of ownership records or title.
Item 2 of the 10-K filed Feb 20, 2026.3
Timeline
Filings
44 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 5 major events, 19 other. The latest 20:
- Aug 13, 20268-K EDGAR
- Aug 11, 2026424B2 EDGAR
- Aug 10, 2026FWP EDGAR
- Aug 10, 2026424B5 EDGAR
- Aug 4, 202610-Q EDGAR
- May 7, 202610-Q EDGAR
- Feb 20, 202610-K EDGAR
- Jan 8, 20268-K EDGAR
- Jan 6, 2026424B2 EDGAR
- Jan 5, 2026FWP EDGAR
- Jan 5, 2026424B5 EDGAR
- Oct 31, 202510-Q EDGAR
- Aug 1, 202510-Q EDGAR
- May 7, 202510-Q EDGAR
- Feb 21, 202510-K EDGAR
- Dec 6, 20248-K EDGAR
- Dec 3, 2024424B2 EDGAR
- Dec 2, 2024FWP EDGAR
- Dec 2, 2024424B5 EDGAR
- Nov 1, 202410-Q EDGAR
The 44 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.
SEC filer profile
How WISCONSIN PUBLIC SERVICE CORP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARWISCONSIN PUBLIC SERVICE CORP1
- CIK0000107833
- Employer ID (EIN)39-07151603
- Filer statusNon-accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company3
- Incorporated inWisconsin3
- Fiscal year endsDecember 311
- Industry code (SIC)4931 Electric & Other Services Combined1
- SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
- Business address700 North Adams Street, Po Box 19001, Green Bay, WI 54307-90011
- Phone92043314591
- Shares outstanding23,896,962 as of Jun 30, 202610
- Public float$0 as of Jun 30, 20254
- AuditorDELOITTE & TOUCHE LLP, Milwaukee, Wisconsin PCAOB ID 34; no auditor attestation of internal control over financial reporting3
- On EDGAR sinceJan 18, 19941
- Filings312 in all: 10-Q (98), 8-K (63), 10-K (33), 424B5 (23), FWP (13), S-3 (12), U-3A-2 (12), 424B2 (8)1
All 28 form types
EFFECT (8), UPLOAD (8), CORRESP (4), S-8 (4), SC 13G/A (4), SC 13G (3), 10-Q/A (2), 15-12G (2), 8-K/A (2), DEF 14A (2), DEFA14A (2), 10-K/A (1), 11-K (1), 424B4 (1), CT ORDER (1), DEFM14A (1), POS AM (1), SE (1), U-1 (1), U-1/A (1)
- Latest filingsAnnual report (10-K) Feb 20, 2026
Quarterly report (10-Q) Aug 4, 2026
Proxy statement (DEF 14A) Nov 13, 2000
Latest 8-K (8-K) Aug 13, 2026
Risk factors and legal proceedings
The risks WISCONSIN PUBLIC SERVICE CORP names in Item 1A of its 10-K filed Feb 20, 2026: 26 risks under these headings, as written.3
- 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.
- We could be subject to higher costs and penalties as a result of mandatory reliability standards.
- 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, renewable energy facilities, and other facilities, as well as the reliability of third-party transmission providers.
- Our natural gas operations 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 area, varying weather conditions, and energy conservation efforts.
- Our operations are subject to the effects of global climate change.
The other 16 risks
- Our operations and future results may be impacted by changing expectations and demands of our customers, regulators, investors, and other stakeholders.
- Our operations and WEC Energy Group's 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.
- 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 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 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 21, Commitments and Contingencies, and Note 23, 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.3
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- 16SEC EDGAROther events
- 17SEC EDGAROther events
- 18SEC EDGAROther events
- 19SEC EDGAROther events
- 20SEC EDGAROther events