WEC Energy Group reports developments in its regulated electric and natural gas utility businesses across Wisconsin, Illinois, Michigan and Minnesota. The company’s principal utilities include We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities, Minnesota Energy Resources and Upper Michigan Energy Resources, while We Power owns electric generating plants and WEC Infrastructure owns renewable generation facilities.
Recurring news covers earnings, electric and natural gas deliveries, capital-plan execution, dividends, reliability performance, safety, utility regulatory matters and generation projects such as solar, natural gas and battery storage. Company updates also address board governance and stockholder actions tied to its annual meeting.
WEC Energy Group announced a $100,000 donation through the We Energies Foundation to support local businesses affected by recent protests in Milwaukee. This grant will aid the Metropolitan Milwaukee Association of Commerce's Rebuild and Revitalize fund, which has raised over $700,000 to assist business owners with repairs and inventory replacement. Leaders emphasize the importance of strengthening diverse businesses to enhance community prosperity and address racial disparities.
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WEC Energy Group (NYSE: WEC) has received an unsolicited mini-tender offer from TRC Capital Investment Corporation to buy up to 1.5 million shares at $88.88 each, approximately 4.28% lower than its last closing price of $92.85 on June 5, 2020. WEC encourages shareholders to reject this offer due to its below-market pricing and associated conditions. The offer expires at 12:01 a.m. ET on July 8, 2020. TRC's mini-tender offers have raised concerns among the SEC, advising shareholders to exercise caution.