WEC's Wisconsin Electric signs 20-year PPA for 86% of Point Beach nuclear capacity

WEC ENERGY GROUP, INC.

WEPCO entered PPA with Nextera Energy Point Beach LLC for 86% of capacity, energy, ancillary services, and environmental attributes of Point Beach Units 1 & 2.
Unit 1 term: Oct 6, 2030 - Oct 5, 2050; Unit 2 term: Mar 9, 2033 - Mar 8, 2053 (20 years each).
PPA requires PSCW approval; either party may terminate if not approved by Jan 1, 2028, extendable to Jul 1, 2028 if approval is being pursued in good faith.
Company states PPA will result in customer savings vs. current NEPB-WEPCO PPA expiring Oct 5, 2030 (Unit 1) and Mar 8, 2033 (Unit 2).

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