Recent 8-K filings for WELPP
Highest-materiality recent filing
WEC utilities reach settlement for $507.2M (8.7%) base rate increase for 2023
- 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.
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WEC utilities file 2027-2028 rate requests; Oak Creek units 7&8 extended through 2027
Wisconsin Electric, Wisconsin Gas, and Wisconsin Public Service file rate requests with PSCW for 2027-2028 electric/gas/steam rates.
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Wisconsin Electric Power issues $500M of 4.15% debentures due 2030
Issued $500M aggregate principal of 4.15% Debentures due October 15, 2030.
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We Energies postpones Oak Creek units 7 & 8 retirement to end of 2026
Units 7 and 8 (610 MW total) will remain available through end of 2026, originally set to retire end of 2025.
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Wisconsin PSC approves rate changes for three WEC Energy Group utility subsidiaries
PSCW approved rate changes on Nov 7, 2024 for Wisconsin Electric, Wisconsin Gas LLC, and Wisconsin Public Service.
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WEC utilities reach settlement for $507.2M (8.7%) base rate increase for 2023
WE electric rates +$257.9M, gas +$53.3M; WG gas +$57.1M; WPS electric +$104.3M, gas +$31.3M.
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Wisconsin Electric Power issues $500M 4.75% Debentures due 2032
Issued $500M aggregate principal of 4.75% Debentures maturing September 30, 2032.
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WEC Energy Group delays retirement of Oak Creek coal units by 1-1.5 years; Columbia units to 2026
Oak Creek Units 5/6 delayed to May 2024; Units 7/8 to late 2025 (approx 18 months).
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WEC Energy subsidiaries seek ~$475M total rate increases for 2023 in Wisconsin filings
WE seeks $260.5M (8.4%) electric rate increase and $50.7M (10.7%) gas increase.
Materiality & sentiment trend
Max materiality 0.80 · Median 0.53 · Most common event debt