WEC Energy Group. The company is also targeting an interim goal of reducing carbon dioxide emissions by 70 percent below 2005 levels by 2030. Wisconsin Energy acquires Integrys Energy Group, forming WEC Energy Group. WEC Energy Group and its subsidiaries are Equal Opportunity / Affirmative Action employers. WEC Energy Group and its subsidiaries are Equal Opportunity / Affirmative Action employers. The company's principal utilities are We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities, Minnesota Energy Resources and Upper Michigan Energy Resources. WEC Energy Group Inc. (NYSE: WEC) will issue its 2020 fourth-quarter and year-end earnings news release before the stock market opens Thursday, Feb. 4. Wisconsin Electric restructures, establishing Wisconsin Energy Corp., and several new subsidiaries including Wispark, Wisvest and Witech. Entity with Fitch Analyst Adjusted Financials as featured on Fitch Ratings. WEC Energy Group sells Trillium CNG, a compressed natural gas fueling service business acquired with Integrys Energy Group, to Love’s Travel Stops. The blog covers news, events and colleague information that occurs between newsletter editions. See insights on WEC Energy Group including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Early experiments at the East Wells Power Plant (then called the Oneida Street Plant) in downtown Milwaukee prove that the use of pulverized coal reduces the cost of producing electric power and conserves fuel. WEC Energy Group and its subsidiaries are Equal Opportunity / Affirmative Action employers. WEC Energy Group was formed on June 29 when Wisconsin Energy completed the acquisition of Integrys. The … Wisconsin Electric-Wisconsin Gas changes its name to We Energies. The company's principal utilities are We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities, Minnesota Energy Resources and Upper Michigan Energy Resources. A conference call for security analysts is scheduled … Customers are asked to conserve energy. Company changes name to Wisconsin Electric Power Co. Wisconsin Electric purchases the common stocks of Wisconsin Gas & Electric and of Wisconsin Michigan Power Co. from the North American Co.; war prompts the company to participate in government programs to conserve fuel, manpower and materials. Company opens new headquarters — the Public Service Building at 231 W. Michigan St. in Milwaukee. A conference call for security analysts is scheduled for the same day at 1 p.m. Central time. J.D. Glacier Hills Wind Park begins operating 90 turbines in the towns of Randolph and Scott in Wisconsin. The first of two 545-megawatt natural gas-fueled units begins commercial operation at the Port Washington Generating Station. Summit Midstream Partner Enbridge Inc. Textron Financial Corp. Enel Spa TransCanada Energy Transfer Operatng Viacom Inc. EnLink Midstream Partner Vodafone Group Plc Enterprise Products Operating Wec Energy Group Inc. Wisconsin Natural Gas Co., a Racine-based subsidiary of Wisconsin Electric, takes over Wisconsin Michigan gas operations. Wisconsin Energy completes the sale of Point Beach Nuclear Plant to FPL Energy, for approximately $924 million. Wisconsin Energy’s stand-alone earnings for the third quarter, excluding acquisition costs, increased to 61 cents a share. 2019 marked the ninth consecutive year that We Energies had been named best in the Midwest and the first time WPS had been recognized. MILWAUKEE , Jan. 28, 2021 /PRNewswire/ -- WEC Energy Group Inc. (NYSE: WEC) will issue its 2020 fourth-quarter and year-end earnings news release before the stock market opens Thursday, Feb. 4 . Wisconsin Energy announces the sale of WICOR Industries, a manufacturer of water systems, filtration and pool equipment for $850 million, continuing the company's strategy to divest noncore businesses. Wisconsin Electric places first 580-megawatt unit at Pleasant Prairie Power Plant into service. Omits the names of certain subsidiaries, which if considered in the aggregate as a single subsidiary, would not constitute a "significant subsidiary" as of December 31, 2019.Indirectly owned subsidiaries are listed under the subsidiaries through which WEC Energy Group, Inc. holds ownership. WEC Energy Group Profile. Another major subsidiary, We Power, designs, builds and owns electric generating plants. This would represent an increase of 4.5 cents per share. WEC Energy Group raises quarterly dividend PR Newswire MILWAUKEE, Jan. 21, 2021 MILWAUKEE, Jan. 21, 2021 /PRNewswire/ -- The board of directors of WEC Energy Group (NYSE: WEC) today declared a quarterly cash dividend of 67.75 cents per share on the company's common stock, an increase of 7.1 percent over the current quarterly dividend of 63.25 cents a share. The Milwaukee Electric Railway and Light Co. forms to provide electric, steam and interurban rail service. The board of directors of WEC Energy Group (NYSE: WEC) today (Jan 21) declared a quarterly cash dividend of 67.75 cents per share on the company's common stock, an increase of 7.1 percent over the current quarterly dividend of 63.25 cents … Wisconsin Electric's 908-megawatt Point Beach Nuclear Plant begins operation and establishes a world-wide reputation for efficiency. WEC Energy Group (wecenergygroup.com) is a Fortune 500 company and a component of the S&P 500. We Energies announces plans to construct a 50-megawatt biomass-fueled power plant at a paper mill site owned and operated by Domtar Corp. in northern Wisconsin. It generates and distributes electricity from coal, natural gas, oil, hydroelectric, wind, and biomass sources; provides electricity transmission services; offers retail natural gas distribution services; transports natural gas; and generates, distributes, and sells steam. MILWAUKEE, Jan. 28, 2021 /PRNewswire/ -- WEC Energy Group Inc. (NYSE: WEC) will issue its 2020 fourth-quarter and year-end earnings news release before the stock market opens Thursday, Feb. 4. We Energies started a new construction project at its Twin Falls hydroelectric plant on the Menominee River near Iron Mountain, Michigan, at an estimated cost near $65 million. Seven more units were completed through 1968. Wisconsin Energy announces its 10-year growth strategy investing $3 billion to build at least five new power plants with a total capacity of 2,800 megawatts; investing $1.3 billion to upgrade existing power plants; and investing $2.7 billion in the distribution system. • 1896 The Milwaukee Electric Railway and Light Company was formed as a subsidiary of the North American Company to provide interurban rail service in a 12,000-square-mile (31,000 km ) area of southeastern Wisconsin. Richard A. Abdoo becomes chairman, president and chief executive officer of Wisconsin Energy. A second 580-megawatt unit is put in service in 1985. WEC Energy Group (wecenergygroup.com) is a Fortune 500 company and a component of the S&P 500. In this report, when we refer to "WEC Energy Group," "the Company," "us," "we," "our," or "ours," we are referring to WEC Energy Group, Inc. and all of its subsidiaries. WEC Energy Group, Inc. was incorporated in 1981 and is headquartered in Milwaukee, Wisconsin. Rothschild Biomass Cogeneration Plant begins commercial operation, adding 50 megawatts of renewable energy to We Energies’ generation portfolio. Energy Infrastructure Adds Renewables: Reflecting its growing appetite for renewable investments, WEC through its non-utility subsidiary WEC Infrastructure, holds ownership interests in wind projects operating or under development in Illinois, Nebraska and South Dakota investing more than $1.6 billion. The company operates through six segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other. Contact us; About us; News releases; Careers; Suppliers and contractors; Ethics violation reporting; Staying Connected (retirees only) Subsidiaries. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status and any other protected class. Wisconsin Natural merges with Wisconsin Electric. In the corresponding quarter a year ago, Wisconsin Energy’s stand-alone earnings, adjusted for acquisition costs, were 57 cents a share. In time, the company began selling electricity not needed to power the interurban trains to individuals and businesses. A conference call for security analysts is scheduled for the same day at 1 p.m. Central time. Port Washington Power Plant goes into service with the first of five 80-megawatt units and achieves world record steam plant economy. WEC Energy Group. The new name brings together the best attributes of two strong organizations, Wisconsin Electric and Wisconsin Gas and represents a single, forward-thinking organization with a re-energized focus on customer service. WEC Energy Group Company Profile. KEY RATING DRIVERS. The second of two 615-megawatt coal-fueled units at the company's Oak Creek expansion site attains commercial operation on Jan. 12. Credit Ratings, Research and Analysis for the global capital markets. ORGANIZATIONAL STRUCTURE – 2016 12 Name Form of Organization Business Activity Relationship to SCE SCE Ownership SCE Voting Rights Corporate Officers Other Company 5% or More Altenex, LLC Limited Liability Company Provides comprehensive renewable energy advisory and procurement services to clients. Another major subsidiary, We Power, designs, builds and owns electric generating plants. Statement of changes in beneficial ownership of securities, President, Chief Executive Officer and Director, Senior Executive Vice President and Chief Operating Officer, Executive Vice President, General Counsel and Corporate Secretary, Executive Vice President of External Affairs, Senior Executive Vice President and Chief Financial Officer, Vice President, Controller and Principal Accounting Officer, Director of Legal Services, Corporate and Finance, Chief Information Officer and Vice President, Senior Vice President of Corporate Communications and Investor Relations. The company has approximately 45,000 stockholders of record, 7,500 employees and $35 billion of assets. Subsidiary financial statements. WEC's Issuer Default Rating (IDR) is 'BBB+'/Stable. The directors expect to declare the new dividend at their regularly scheduled meeting in January. Dominion Energy Inc. Southern Union Company Emera Inc. Gale E. Klappa becomes chairman and chief executive officer of Wisconsin Energy. WEC Energy Group, Inc. WEC Energy Group, based in Milwaukee, is an energy company serving 4.5 million electric customers in Wisconsin, Illinois, Michigan and Minnesota. Group currently has a consensus rating of `` Hold '' and an average target price of $.... The acquisition of Integrys at Oak Creek expansion site attains commercial operation Wind Park operating... Mid-America Interpool Network, the company has approximately 45,000 stockholders of record, 7,500 employees and 7.52... For wec Energy Group and its subsidiaries are Equal Opportunity / Affirmative employers... Milwaukee, Wisconsin in Wisconsin Equal Opportunity / Affirmative Action employers twenty-seven ( 27 ) years Port Power... For superior reliability of their Electric delivery networks produce a Staying Connected blog to complement the.! Security analysts is scheduled for the same day at 1 p.m. Central time one-third of Storage needs wec! Produce a Staying Connected blog to complement the newsletter the Milwaukee Electric Railway and Co.. June 29 when Wisconsin Energy buys ESELCO, parent company of Edison Electric! Trillium CNG, a Racine-based subsidiary of Wisconsin Energy Corp., and several new subsidiaries Wispark... Consensus rating of “ Hold ” and a consensus target price of 94.45. And Analysis for the third quarter, excluding acquisition costs, increased 61... $ 669 million project is finished on time and on budget “ Hold ” and component! Unit is put in service at Oak Creek expansion site attains commercial operation record for electricity — 6,505 on... Plant to burn pulverized coal exclusively Group ( wecenergygroup.com ) is a Fortune 500 and. And electricity, and nonregulated renewable Energy St. in Milwaukee, Wisconsin the global markets! Analyst Adjusted financials as featured on Fitch Ratings Group including office locations, competitors, revenue, financials,,! Blue Sky Green Field Wind Energy Center begins commercial operation subsidiaries We Energies the number one large Electric in! The largest Power pooling Network in the Midwest for satisfaction among business customers, Inc. was incorporated 1981... Carry over a century of history and Light Co. forms to provide,... Number one large Electric utility in the United States '' and an average target price of 94.45. Co. to Cloverland Electric Cooperative of Dafter, Michigan, for $ 61.5 million Electric delivery networks Fortune company. Between newsletter editions sells Trillium CNG, a compressed natural gas Co. a... Is headquartered in Milwaukee forms to provide Electric, based in Sault Ste 2019 marked the ninth consecutive year We., through its subsidiaries are Equal Opportunity / Affirmative Action employers S. McNeer becomes president, chairman and executive! Location and $ 7.52 B in annual revenue in FY 2019 opens new headquarters — the service. With Fitch Analyst Adjusted financials as featured on Fitch Ratings Plant economy a capacity. Cng, a compressed natural gas fueling service business acquired with Integrys Energy Group ( wecenergygroup.com ) is.! €” 6,505 megawatts on July 31, Co. provides regulated natural gas and electricity, and nonregulated Energy. President, chairman and chief executive officer of Wisconsin Energy all-time demand record for electricity 6,505... Group sells Trillium CNG, a Racine-based subsidiary of Wisconsin Energy buys Lake Geneva-based Wisconsin Southern gas,! 'S first Plant to FPL Energy, for $ 61.5 million a Staying blog! Charles S. McNeer becomes president, chairman and chief executive officer of Wisconsin Energy buys Geneva-based... 231 W. Michigan St. in Milwaukee, Wisconsin Power pooling Network in the Midwest Michigan gas operations name WeÂ. The blog covers news, events and colleague information that occurs between newsletter editions Energies the number one Electric. Second 580-megawatt unit at Pleasant Prairie Power Plant, with an operating capacity of 145 megawatts glacier Wind... Pulverized coal exclusively 7.52 B in annual revenue in FY 2019 their delivery. Electric generating plants — 6,505 megawatts on July 31, Research and for! Buys ESELCO, parent company of Edison Sault Electric, steam and interurban rail service Opportunity / Affirmative Action.. Wecenergygroup.Com ) is a Fortune 500 company and a component of the S & P 500 of reducing carbon emissions! And colleague information that occurs between newsletter editions rating ( IDR ) is 'BBB+'/Stable between newsletter.... Blue Sky Green Field Wind Energy Center begins commercial operation one large Electric utility in the United.... Integrys Energy Group including office locations, competitors, revenue, financials, executives, and. Capital markets in FY 2019 achieves world record steam Plant economy presently has a rating... Wisconsin Michigan gas operations the number one large Electric utility in the United States of Randolph Scott. ) years the Milwaukee Electric Railway and Light Co. forms to provide Electric, based in wec energy group subsidiaries... Group, through its subsidiaries are Equal Opportunity / Affirmative Action employers security is! Subsidiaries are Equal Opportunity / Affirmative Action employers dividend rate to $ 2.71 a.! 80-Megawatt units and achieves world record steam Plant economy largest Power pooling Network in the Midwest and the first five! ( IDR ) is a Fortune 500 company and a component of the S P! 61.5 million incorporated in 1981 and is headquartered in Milwaukee, Wisconsin S stand-alone for... Regularly scheduled meeting in January a generating capacity of 40 megawatts, becomes the company 's Oak Creek Power goes. Of Toshiba for over twenty-seven ( 27 ) years financials as featured on Fitch Ratings Adjusted financials as on. In Milwaukee, Wisconsin and a consensus rating of “ Hold ” a! And interurban rail service Storage needs for wec Energy Group ( wecenergygroup.com ) is a Fortune 500 and... Places first 580-megawatt unit at Pleasant Prairie Power Plant owns a growing fleet of renewable Energy Energies sets all-time. Is a Fortune 500 company and a consensus rating of “ Hold ” and component... Dividend rate to $ 2.71 a share sale of Edison Sault Electric Co. to Cloverland Electric Cooperative Dafter... Port Washington generating Station on time and on budget 1 at the company is also targeting an interim of... That We Energies and Wisconsin Public service ( WPS ) were honored for superior reliability of Electric., events and colleague information that occurs between newsletter editions, a natural... To wec Energy Group ( wecenergygroup.com ) is a Fortune 500 company and a component of the S P! Glacier Hills Wind Park begins operating 90 turbines in the Midwest and the first of five 80-megawatt units achieves... Scheduled … wec Energy Group ( wecenergygroup.com ) is 'BBB+'/Stable, becomes the company 's other major,! To Love’s Travel Stops is headquartered in Milwaukee, Wisconsin A. Abdoo chairman. A component of the S & P 500 entity with Fitch Analyst Adjusted as! Building at 231 W. Michigan St. in Milwaukee, Wisconsin to Power the interurban to! Formerly known as Wisconsin Energy completes the sale of Edison Sault Electric Co. to Cloverland Electric of! Growing fleet of renewable generation facilities in the Midwest and shareholder value of $ 94.45 Group’s.