---
schema_version: "secwatch.filing_event.v1"
accession: "0000107815-22-000285"
form_type: "8-K"
ticker: "WELPP"
cik: "0000107815"
company_name: "WISCONSIN ELECTRIC POWER CO"
filed_at: "2022-10-03T23:59:59+00:00"
generated_at: "2026-06-23T05:50:20.601757+00:00"
event_type: "regulatory"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# WEC utilities reach settlement for $507.2M (8.7%) base rate increase for 2023

## Summary
- WE electric rates +$257.9M, gas +$53.3M; WG gas +$57.1M; WPS electric +$104.3M, gas +$31.3M.
- Settlement includes earnings sharing mechanism: 100% of first 15 bps above ROE retained, 50% of next 60 bps refunded, 100% thereafter refunded.
- WE seeks PSCW financing order to securitize $100M of Oak Creek environmental control book value by 2024.
- Monthly residential and small commercial fixed charges reduced by $1 and $2, respectively, from current rates.
- Utilities collectively contribute $4M to Keep Wisconsin Warm Fund; settlement subject to PSCW approval.

## SEC filing metadata
- accession: 0000107815-22-000285
- form_type: 8-K
- ticker: WELPP
- cik: 0000107815
- company_name: WISCONSIN ELECTRIC POWER CO
- filed_at: 2022-10-03T23:59:59+00:00
- event_type: regulatory
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/107815/000010781522000285/0000107815-22-000285-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/107815/000010781522000285/wec-20220929.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000107815-22-000285
- JSON: https://secwatch.observer/filing/0000107815-22-000285.json
- Plain text: https://secwatch.observer/filing/0000107815-22-000285.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.