---
schema_version: "secwatch.filing_event.v1"
accession: "0000107815-24-000047"
form_type: "8-K"
ticker: "WEC"
cik: "0000783325"
company_name: "WEC ENERGY GROUP, INC."
filed_at: "2024-01-08T23:59:59+00:00"
generated_at: "2026-06-07T02:44:04.624875+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# WEC Energy to take $0.41/share charge after ICC disallows $236.2M in utility capital costs

## Summary
- ICC disallowed $236.2M capital costs for Peoples Gas and North Shore Gas, including $177.2M already incurred.
- WEC records $178.9M pre-tax ($129.8M after-tax) non-cash charge, reducing EPS by $0.41.
- GAAP 2023 EPS guidance revised to $4.17-$4.21; adjusted (ex-charge) guidance $4.58-$4.62, upper end expected.
- ICC granted limited rehearing but disallowance stands; WEC plans to appeal to Illinois circuit court.
- 2024 earnings guidance and revised capital plan scheduled for Feb 1, 2024 year-end call.

## SEC filing metadata
- accession: 0000107815-24-000047
- form_type: 8-K
- ticker: WEC
- cik: 0000783325
- company_name: WEC ENERGY GROUP, INC.
- filed_at: 2024-01-08T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 2.06
- EDGAR index: https://www.sec.gov/Archives/edgar/data/783325/000010781524000047/0000107815-24-000047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/783325/000010781524000047/wec-20240103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000107815-24-000047
- JSON: https://secwatch.observer/filing/0000107815-24-000047.json
- Plain text: https://secwatch.observer/filing/0000107815-24-000047.txt

## Key facts
- Earnings Releases
  WEC ENERGY GROUP, INC. reported 2023 results: EPS $4.17 to $4.21 per share.
  - Period: 2023
  - EPS: $4.17 to $4.21 per share
  - Result: guidance update
  source text: As a result of this charge, WEC’s earnings guidance on a GAAP basis for 2023 is $4.17 to $4.21 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/783325/000010781524000047/0000107815-24-000047-index.htm

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