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WEC Energy Group, Inc. is a diversified holding company that operates through its subsidiaries in both regulated and nonregulated sectors. The company primarily provides regulated natural gas and electricity services and invests in renewable energy, with a significant presence in the electric and natural gas utility sectors across Wisconsin, Michigan, Illinois, and Minnesota . WEC Energy Group's operations are divided into six reportable segments, focusing on electric utility operations in Wisconsin and the Upper Peninsula of Michigan, and natural gas utility operations in Wisconsin, Illinois, Minnesota, and Michigan .
- Electric Utility Operations - Conducts electric energy generation and distribution through subsidiaries such as Wisconsin Electric Power Company (WE), Wisconsin Public Service Corporation (WPS), and Upper Michigan Energy Resources Corporation (UMERC) in Wisconsin and Michigan.
- Wisconsin Electric Power Company (WE) - Provides electric services in Wisconsin.
- Wisconsin Public Service Corporation (WPS) - Supplies electric energy in Wisconsin.
- Upper Michigan Energy Resources Corporation (UMERC) - Distributes electric energy in the Upper Peninsula of Michigan.
- Natural Gas Utility Operations - Offers natural gas services in Wisconsin, Illinois, Minnesota, and Michigan.
- American Transmission Company (ATC) - Holds a 60% equity interest in ATC, which operates electric transmission facilities across multiple states.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Anthony L. Reese Executive | VP and Treasurer | None | Joined WEC in 2015. Promoted to VP and Treasurer in October 2019. | |
Daniel P. Krueger Executive | EVP - WEC Infrastructure | None | Joined WEC in 2018. Oversees infrastructure investments and operations. | |
Margaret C. Kelsey Executive | EVP, Corporate Secretary, and General Counsel | None | Joined WEC in 2017. Promoted to EVP, Corporate Secretary, and General Counsel in January 2018. | |
Mary Beth Straka Executive | SVP - Corporate Communications and Investor Relations | None | Joined WEC in 2015. Oversees corporate communications and investor relations. | |
Michael Hooper Executive | President of Wisconsin Utilities | None | Joined WEC in 2024. Previously served as President of NIPSCO and held senior roles at NiSource. | |
Molly A. Mulroy Executive | EVP and Chief Administrative Officer | None | Joined WEC in 2015. Promoted to EVP and Chief Administrative Officer in August 2021. | |
Robert M. Garvin Executive | EVP - External Affairs | None | Joined WEC in 2015. Oversees external affairs and regulatory matters. | |
Scott J. Lauber Executive | President and CEO | None | Joined WEC in 2016 as EVP and CFO; became President and CEO in 2022. Previously served as COO and CFO. | View Report → |
William J. Guc Executive | VP and Controller | None | Joined WEC in 2015. Has served as VP and Controller since October 2015. | |
William Mastoris Executive | EVP - Customer Service and Operations | None | Joined WEC in 2015. Promoted to EVP in December 2021. Previously led supply chain and fleet operations. | |
Xia Liu Executive | EVP and CFO | None | Joined WEC in 2020 as EVP and CFO. Previously held senior roles at CenterPoint Energy and Georgia Power Company. | |
Gale E. Klappa Board | Non-Executive Chairman | Director at Associated Banc-Corp | Former CEO and Executive Chairman of WEC. Played a key role in the 2015 acquisition of Integrys Energy Group. | |
John Lange Board | Director | None | Former Global Head of Energy and Industrials at Barclays. Joined WEC's Board in 2025. | |
Mary Ellen Stanek Board | Director | Managing Director at Baird Financial Group; Co-CIO at Baird Advisors; President of Baird Funds, Inc. | Independent Director since 2012. Extensive experience in asset management and institutional fixed income investment. | |
Thomas K. Lane Board | Independent Lead Director | Vice Chairman of Energy Capital Partners | Former Goldman Sachs executive with over 30 years of experience in energy sector investment strategies and M&A. | |
Ulice Payne, Jr. Board | Director | Managing Member of Addison-Clifton, LLC; Director at Foot Locker, Inc. and Manpower Group | Independent Director since 2003. Chair of the Compensation Committee. Former President and CEO of the Milwaukee Brewers Baseball Club. | |
Warner Baxter Board | Director | Director at U.S. Bancorp and Quanta Services, Inc. | Former Executive Chairman of Ameren Corp. Joined WEC's Board in 2025. |
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With the six-month delay of the Delilah I solar project , how do you plan to mitigate the financial impact, and can you provide specific details on the measures you're taking to offset this downside?
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Regarding your ongoing discussions with NextEra about a new Point Beach PPA , what are the key obstacles preventing an agreement, and what risks do you foresee if a new PPA is not in place by year-end?
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The Public Service Commission's denial of your request for AFUDC on preconstruction costs , how does this decision impact your capital allocation strategy, and what steps are you taking to address the commission's concerns?
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With MISO Tranche 2 expected to be larger than Tranche 1 and significant transmission opportunities through ATC , how are you adjusting your capital expenditure plans to capture this growth, and what are the implications for your balance sheet and potential equity needs?
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Considering the appeal of the Illinois Commerce Commission's decision on the Safety Modernization program might take one to two years , how will this prolonged legal process affect your operational plans in Illinois, and what contingencies are in place if the appeal is unsuccessful?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
West Riverside | 2024 | In May 2024, WE completed the acquisition of 100 MW of West Riverside’s nameplate capacity for $97.9 million, increasing its overall stake to 27.5% (200 MW) at a total cost of $193.2 million. |
Maple Flats | 2024 | WECI acquired a 90% ownership interest in the 250 MW Maple Flats Solar Energy Center in Clay County, Illinois for approximately $431 million, with a 15-year offtake agreement and eligibility for Production Tax Credits. |
Delilah I | 2024 | WEC Energy Group acquired a 90% stake in the 300 MW Delilah I Solar Energy Center in Lamar County, Texas for about $459 million; the project—subject to FERC approval and qualifying for PTCs—is set for commercial operation by the end of 2024 with a 15-year power purchase agreement. |
Samson I (Additional Ownership) | 2024 | In January 2024, WEC Infrastructure LLC purchased an additional 10% for $28.1 million in the 250 MW Samson I facility in Lamar County, Texas, raising its total ownership to 90%, while maintaining a 15-year offtake agreement and tax credit benefits. |
Whitewater Facility | 2023 | In January 2023, WE and WPS acquired the commercially operational 236.5 MW dual-fueled Whitewater Facility in Wisconsin for $76.0 million, bolstering their energy generation capacity. |
Samson I Solar Facility | 2023 | An 80% ownership interest in the 250 MW Samson I Solar Facility in Lamar County, Texas was acquired for approximately $249.4 million, with the facility having achieved commercial operation in May 2022, a 15-year offtake agreement, and qualifying for Production Tax Credits despite a wind storm–related impairment. |
Sapphire Sky Wind Facility | 2023 | The acquisition of a 90% stake in the 250 MW Sapphire Sky Wind Facility in McLean County, Illinois for about $442.6 million was completed in 2023, with operations commencing in February and a 12-year energy offtake agreement in place, all while qualifying for PTCs. |
Red Barn Wind Facility | 2023 | In April 2023, WPS acquired 90% of the Red Barn Wind Facility in Grant County, Wisconsin (82 MW) for $143.8 million; the facility is a utility-scale wind-powered generation asset that qualifies for Production Tax Credits. |
Thunderhead Wind Generating Facility | 2022 | In 2022, a 90% interest in the 300 MW Thunderhead Wind Generating Facility in Nebraska was acquired for $381.9 million, including milestone payments linked to its commercial operation expected by year-end, along with a 12-year energy offtake agreement and PTC qualification. |
Recent press releases and 8-K filings for WEC.
- WEC Energy Group announced an investor update in April 2025 with presentation slides attached as Exhibit 99.1 for upcoming investor meetings.
- The update includes extensive forward-looking information on earnings, capital plans, and key regulatory risks that could affect future performance.