WEC Energy Group Inc (N:WEC)
Business Focus: Electric Utilities
| Sector: Utilities | Industry: Electric Utilities |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 231 W Michigan St PO Box 1331 MILWAUKEE WI 53201-1331 |
| Tel: | 1-414-2214639 |
| Website: | https://www.wecenergygroup.com |
| IR: | See website |
| Key People | ||
| Scott J. Lauber President, Chief Executive Officer, Director | William Mastoris Executive Vice President - Customer Service and Operations of WEC Business Services | Xia Liu Chief Financial Officer, Executive Vice President |
| Margaret C. Kelsey Executive Vice President, General Counsel, Corporate Secretary | Robert M. Garvin Executive Vice President - External Affairs | Mary Beth Straka Senior Vice President - Corporate Communications and Investor Relations |
| William J. Guc Vice President, Controller | Anthony L. Reese Vice President, Treasurer | Joshua M. Erickson Vice President, Deputy General Counsel of WEC Business Services | Daniel P. Krueger Executive Vice President - WEC Infrastructure of WEC Business Services |
| Business Overview |
| WEC Energy Group, Inc. is a diversified holding company. The Company, through its wholly owned subsidiaries, provides or invests in regulated natural gas and electricity, and renewable energy, as well as non-regulated renewable energy. Its segment includes Wisconsin, Illinois, Other States and Electric Transmission. Wisconsin segment is engaged primarily in the generation of electricity and the distribution of electricity and natural gas in Wisconsin and generates electricity and distributes electricity and natural gas to customers located in the Upper Peninsula of Michigan. Illinois segment is engaged primarily in the distribution of natural gas in Illinois. Other state segment is engaged primarily in the distribution of natural gas in Minnesota and Michigan, respectively. Non-utility energy infrastructure segment is principally engaged in the ownership of electric power generating facilities. Electric Transmission consists of ownership interest in ATC electric transmission company. |
| Financial Overview |
| For the three months ended 31 March 2024, WEC Energy Group Inc revenues decreased 7% to $2.68B. Net income applicable to common stockholders increased 23% to $622.3M. Revenues reflect Wisconsin segment decrease of 11% to $1.78B, Others states segment decrease of 26% to $184.6M. Net income reflects IIinois segment income increase of 61% to $282.7M, Wisconsin segment income increase of 5% to $466M. |
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