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WEC Energy Group reports third-quarter results

WEC Energy Group reports third-quarter results
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WEC Energy Group reports second-quarter results

/PRNewswire/ WEC Energy Group (NYSE: WEC) today reported net income of $289.7 million, or 92 cents per share, for the second quarter of 2023 up from. ....

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WEC Energy Group reports first-quarter results

/PRNewswire/ WEC Energy Group (NYSE: WEC) today reported net income of $507.5 million, or $1.61 per share, for the first quarter of 2023 down from $565.9. ....

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WEC Energy Group reports third-quarter results

/PRNewswire/ WEC Energy Group (NYSE: WEC) today reported net income of $290.0 million, or 92 cents per share, for the third quarter of 2021 up from $266.8. ....

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Wisconsin utility turns to ABS market to fund shutdown of coal power plant

The single-class, Triple A rated transaction,
WEPCo Environmental Trust Finance I 2021, is expected to raise US$118.81m and will be secured by a special fee the utility will collect from its customers.
Barclays is the lead underwriter.
In November 2020, the Wisconsin state legislature approved the bond issuance for WEPCO to recover US$100m of the undepreciated costs associated with the environmental control activities at the Pleasant Prairie Power Plant.
This kind of securitization can lower the cost to customers on a present value basis compared with other methods of financing. In a pre-sale report, Fitch estimated the net present value benefits from securitization were around US$41m compared with traditional utility ratemaking. ....

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