Regulated Utilities · WEC

“Table of Contents These increases in earnings were partially offset by a $50.9 million increase in the net loss attributed to common shareholders at the corporate and other segment, driven by higher interest expense and a net loss from our equity method investments in technology and energy-focused investment funds.”

WEC 10-Q · 2025-10-31

“Capital Expenditures Capital expenditures by segment for the years ended December 31 were as follows: Reportable Segment (in millions) 2025 2024 Change in 2025 Over 2024 Wisconsin $ 3,860.1 $ 2,247.1 $ 1,613.0 Illinois 306.1 343.0 (36.9) Other states 112.5 118.3 (5.8) Non-utility energy infrastructure 98.6 52.1 46.5 Corporate and other 20.8 20.6 0.2 Total capital expenditures $ 4,398.1 $ 2,781.1 $ 1,617.0 The increase in cash paid for capital expenditures at the Wisconsin segment during 2025, compared with 2024, was driven by an increase in capital expenditures for the following: renewable energy projects at WE, WPS, and UMERC; CTs and an LNG facility at OCPP; WE's and WPS's electric distribution systems; and software to enhance productivity, collaboration, and overall efficiency across the company.”

WEC 10-K · 2026-02-20

“Refunds for FERC Orders Issued Prior to October 2024 – Due to the base ROE changes resulting from the FERC orders issued prior to October 2024, ATC was required to provide refunds, with interest, for the 15-month refund period from November 12, 2013 through February 11, 2015 and for the period from September 28, 2016 through November 19, 2020.”

WEC 10-K · 2026-02-20