WEC 📈 WEC Energy - Overview

WEC Energy Group, Inc. is a diversified energy company that provides a range of regulated and nonregulated energy services across the United States. Through its various subsidiaries, the company delivers natural gas and electricity to customers, leveraging a mix of traditional and renewable energy sources. Its portfolio includes coal, natural gas, oil, and nuclear power, as well as renewable energy resources such as wind, solar, hydroelectric, and biomass. This diversified approach enables WEC Energy Group to maintain a stable and reliable energy supply, while also adapting to the evolving energy landscape.

The company's operations are organized into several key segments, including Wisconsin, Illinois, Other States, Electric Transmission, and Non-Utility Energy Infrastructure. These segments allow WEC Energy Group to focus on specific geographic markets and business lines, ensuring that it can respond effectively to local energy needs and regulatory requirements. In addition to generating and distributing electricity, the company also distributes and transports natural gas, owns and operates electric transmission systems, and produces and sells steam. This integrated approach helps to optimize energy delivery and minimize waste, while also providing customers with a range of energy solutions.

As of December 2023, WEC Energy Group's infrastructure includes an extensive network of overhead distribution lines, underground distribution cables, electric distribution substations, and line transformers. The company's natural gas operations comprise a significant network of distribution mains, transmission mains, and lateral services, as well as natural gas distribution and transmission gate stations. Its underground natural gas storage fields provide a critical component of the company's energy supply chain, enabling it to store and manage natural gas reserves effectively. With a history dating back to 1896, WEC Energy Group has established itself as a major player in the US energy sector, with a strong presence in Wisconsin and a growing footprint in other states.

Formerly known as Wisconsin Energy Corporation, the company changed its name to WEC Energy Group, Inc. in June 2015, reflecting its expanded scope and diversified energy portfolio. Today, WEC Energy Group is headquartered in Milwaukee, Wisconsin, and trades on the New York Stock Exchange (NYSE) under the ticker symbol WEC. With a focus on delivering safe, reliable, and affordable energy solutions, the company is well-positioned to meet the evolving needs of its customers and stakeholders, while also contributing to a more sustainable energy future. For more information, investors and customers can visit the company's website at https://www.wecenergygroup.com, or review its financial disclosures and regulatory filings.