WEC utilities file 2027-2028 rate requests; Oak Creek units 7&8 extended through 2027

WISCONSIN ELECTRIC POWER CO

Wisconsin Electric, Wisconsin Gas, and Wisconsin Public Service file rate requests with PSCW for 2027-2028 electric/gas/steam rates.
Oak Creek plant Units 7 and 8, previously set to retire end of 2026, will now operate through 2027 to meet high demand periods.
Extension is a bridge until new dispatchable generation expected online in late 2027; driven by winter 2025-2026 tight supply and high costs.
Investor presentation slides attached as Exhibit 99.1 include additional rate case details used in upcoming meetings.

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