Wec Energy Group, Inc.

Company facts

Industry

Electric & Other Services Combined

Headquarters

Milwaukee, Wisconsin

Most recent report

8-K, filed Nov 6, 2026

Incorporated

Wisconsin

Filings on record

1,001+ filings

On EDGAR

CIK 783325

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Sep 2026 10-Q

SECSift found 2 of 9 sections worth reading, with 2 positive, 7 notable, and 2 negative flags.

• Financial Statements (Item 1)

  Financial statements + notes: acquisitions, debt, equity, credit losses, regulatory, and segment detail.
  Notable

  • WE, WPS, WG filed for 2027-2028 rate increases; PSCW decision expected Q4 2026.
  • VLC tariff approved May 2026; fixed ROE 10.48%-10.98% for large customers, excluded from rate cases.
  • PGL/NSG rate case requests $144M (14.6%) and $8.7M (8.4%) increases; ICC decision Q4 2026.
  Negative

  • PGL settlement: $205M total liability from QIP rider disputes, including $130M rate base removal.

• Management's Discussion (Item 2)

  Massive demand growth from data centers, $47.5B capital plan, and Illinois rider settlements.
  Positive

  • Microsoft plans $20B+ data center investment; first phase in service April 2026.
  • Dividend raised 6.7% to $0.9525/quarter ($3.81 annual) effective March 2026.
  Notable

  • Up to 6.7 GW data center demand: 3.2 GW Milwaukee-Chicago corridor, 3.5 GW Port Washington.
  • $47.5B capital plan 2027-2031: $42.2B regulated utilities, $5.3B ATC share.
  • Operating cash flow up $458M to $3.41B in 9M 2026, driven by rate orders and VLCs.
  • PSCW rescinded ATC's CPCN completeness for Port Washington data center project on Sept 10, 2026.
  Negative

  • Illinois UEA rider settlement: $50M refund to customers over 3 years starting November 2026.

What changed: Sep 2026 vs. Jun 2026

About 7% of WEC's Sep 2026 10-Q is new information. 67 paragraphs were added, 354 changed, and 65 removed. Below are the most important lines SECSift identified.

• Item 2 239
• Item 1 79
• Item 5 2
• Item 4 1