Wisconsin Electric Power Company
WELPM
Other OTC114.82
USD
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Wisconsin Electric Power Company
WELPM
(Other OTC)
Recent
price
114.82
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Wisconsin Electric Power Company (WE), doing business as Wisconsin Energy, operates as a subsidiary of WEC Energy Group Inc. and provides electric, natural gas, and steam utility services primarily in Wisconsin and Michigan. The company generates, transmits, and distributes electricity from a diverse portfolio including coal, natural gas, renewables such as wind, solar, and hydroelectric power, and nuclear energy through its Point Beach Nuclear Plant; it also supplies natural gas distribution services and steam to industrial and commercial customers. WE serves approximately 2.3 million electric and 1.3 million natural gas customers across southeastern, east central, and northern Wisconsin, as well as the Upper Peninsula of Michigan, with headquarters in Milwaukee, Wisconsin, where it traces its origins to 1896.[ from prior context] WE's core offerings encompass regulated utility operations segmented into electric generation and distribution, gas distribution, non-utility energy infrastructure, and renewable energy development, targeting residential, commercial, industrial, and wholesale customers. The company maintains a strong focus on clean energy transition, including battery storage projects and expanded renewable capacity exceeding 2,000 megawatts from wind and solar farms. Geographic operations concentrate in the Midwest U.S., with key facilities like the Oak Creek Power Plant (natural gas combined cycle) and Presque Isle Power Plant (coal and gas) supporting grid reliability.[ from prior context] In the last two years, WE has advanced its decarbonization strategy through significant investments, including the 2024 commissioning of the 200-megawatt Paris Solar project in Kenosha County, Wisconsin, and partnerships with Invenergy for additional solar developments totaling over 1,000 megawatts by 2026. The company completed the acquisition of remaining stakes in renewable assets from its parent in 2023, bolstering its non-utility generation segment, and announced a 2025 collaboration with Microsoft to procure renewable energy credits supporting data center expansion. These initiatives align with regulatory approvals for $2.5 billion in capital expenditures focused on grid modernization and emissions reductions.[ from prior context]