WISCONSIN ELECTRIC POWER CO 6%
Ticker(s):
WELPP and WELPM
Country:
Sector & Industry:
Business Overview
Wisconsin Electric Power Company, together with its subsidiaries, generates, distributes, and sells electricity to residential, commercial, and industrial customers in Southeastern, East-Central, and Northern Wisconsin. The company generates electricity from coal, natural gas and oil, wind, hydro, solar, and biomass. It also generates, distributes, and sells steam for processing, space heating, domestic hot water, and humidification in metropolitan Milwaukee, Wisconsin. In addition, the company engages in the purchase, distribution, and sale of natural gas to retail customers, as well as transportation of customer-owned natural gas in Southeastern, East-Central, and Northern Wisconsin. The company was incorporated in 1896 and is based in Milwaukee, Wisconsin. Wisconsin Electric Power Company operates as a subsidiary of WEC Energy Group, Inc.
Contact & Other Information
Number of Employees:
2,497
Website:
,
,
Wisconsin Electric Power Company’s (WEP) 2024 10-K filing shows increased earnings driven by rate adjustments and higher retail sales, offset by rising operating expenses. The company faces risks related to environmental regulations, commodity price volatility, and cybersecurity threats but is strategically investing in renewable energy and infrastructure upgrades.