November 23, 2024

WEC Energy Group

WEC Energy Wind Boom to Follow Strong 2019
WEC Energy Group reported year-end net income of $1.13 billion ($3.58/share), up from $1.06 billion ($3.34/share) in 2018.
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NERC OKs Utilities’ Transfer to ReliabilityFirst
The NERC Board of Trustees approved Wisconsin Public Service Corp.’s and Upper Michigan Energy Resources’ requests to move to ReliabilityFirst from MRO.
Invenergy
WEC Delivers Strong Q1 Despite Leadership Uncertainties
Cold weather and a stronger regional economy helped boost WEC Energy Group’s first-quarter (Q1 2018) earnings above expectations.
WEC Energy Group
WEC Energy’s Yearly Earnings Surpass $1 Billion
WEC Energy Group’s 2017 earnings surged 28% to $1.2 billion, boosted by a late-year cold snap and federal tax cuts.
Hon Hai-Foxconn
Milwaukee Signals Fight Against Foxconn Interconnection Plan
A Milwaukee city official is questioning why ratepayers must pick up the tab to interconnect Foxconn’s proposed plant to the southwestern Wisconsin grid.
WEC Takes Stab at MISO Behind-the-Meter Definition
WEC Energy Group uncovered a Tariff inconsistency while it was developing a proposal to improve MISO’s behind-the-meter generation participation rules.
UMERC Upper Peninsula Plan Draws Opposition
Critics are pushing back on a plan by UMERC to build two natural gas-fired generators in Michigan’s Upper Peninsula.
WEC Posts Strong Quarter Despite Rate Freeze, Demand Decline
WEC Energy Group turned a larger profit in the first quarter despite warm weather and slumping electricity demand in the company’s Midwest markets.
WEC Earnings Call Highlights Natural Gas Efforts
WEC reported net income of $194.4 million for the fourth quarter. The earnings call focused largely on the company’s natural gas initiatives.
Michigan Upper Peninsula Getting its Own Utility
Michigan’s Upper Peninsula will get its own utility, two new generating plants and maybe additional transmission following actions by regulators and MISO.

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