secwatch.observer — SEC 8-K summary
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Issuer:     WISCONSIN ELECTRIC POWER CO (WELPP)
CIK:        0000107815
Form:       8-K
Filed at:   2022-10-03T23:59:59+00:00
Accession:  0000107815-22-000285
Event type: regulatory
Sentiment:  neutral
Materiality: 0.80
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/107815/000010781522000285/0000107815-22-000285-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/107815/000010781522000285/wec-20220929.htm
  HTML page:      https://secwatch.observer/filing/0000107815-22-000285

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