WEC Energy Group, Inc. 8-K Filings

WEC Energy Group, Inc. appointed Caroline Garcia, age 50, as Vice President and Controller effective August 31, 2026. Garcia has served as Director of Audit Services at TXNM Energy since 2024 and previously spent nearly 25 years at KPMG LLP as an Audit Partner focused on energy, utility and natural resources clients. She is a Certified Public Accountant.

Her compensation includes an annual base salary of $335,000, a short-term performance plan target of 50% of base salary (prorated to her start date), and a long-term incentive plan target of 70% of base salary, with first long-term awards effective with the 2027 award cycle. She will also be eligible to participate in the company’s 401(k) Plan, Executive Deferred Compensation Plan and other benefit plans. Garcia will succeed William J. Guc, who plans to retire in early 2027 and will become special advisor to the Chief Financial Officer on August 31, 2026 to support a smooth transition.

WEC Energy Group furnished an August 2026 investor update outlining long-term growth, capital plans and regulatory developments. The company reports a $37.7 billion market cap, 4.8 million retail customers and $52.8 billion of assets, and highlights a long track record of meeting or exceeding earnings guidance and raising dividends. 2026 earnings guidance is $5.51–$5.61 per share, with more than two decades of consistent EPS and dividend growth.

The plan for 2026–2030 calls for $37.5 billion of capital spending, 100% in regulated businesses, supporting targeted compound annual EPS growth of 7.0%–8.0%. Investments include $12.6 billion in regulated renewables totaling 6,535 MW of solar, wind and storage, plus $7.4 billion in thermal generation and LNG capacity. WEC expects to add 3.9 GW of electric demand from 2026–2030, roughly a 45% increase, driven in part by large data center projects from Microsoft and Vantage/OpenAI/Oracle along the Milwaukee–Chicago corridor.

Management details approved Very Large Customer tariffs, pending rate reviews in Wisconsin and Illinois with decisions expected in late 2026, and an Illinois rider settlement resolving about $2.3 billion of dockets, including plant reductions and $125 million in customer credits over three years. For 2026–2030, cash from operations of $20.5–$21.5 billion, $5.3–$5.7 billion of common equity and $14.2–$14.8 billion of incremental debt are projected to fund the plan while targeting FFO- and CFO-based leverage metrics above 15%–16%. WEC reports a 53% reduction in CO2 emissions versus 2005, aims to use coal only as backup by 2030, exit coal by 2032 and achieve net carbon-neutral electric generation by 2050.

WEC Energy Group reported stronger Q2 2026 results, with net income attributed to common shareholders of $299.2 million, or $0.91 per diluted share, up from $245.4 million, or $0.76, a year earlier. For the first six months, net income attributed to common shareholders was $1.1 billion, or $3.36 per diluted share, compared with $969.6 million, or $3.02, in the prior-year period. Consolidated revenues for the first half were $5.5 billion, up $337.3 million from the first half of 2025.

Retail electricity deliveries excluding an iron ore mine and Very Large Customers were essentially flat in Q2, with small commercial and industrial usage down 0.2%, large commercial and industrial up 0.9%, and residential down 1.1%; on a weather-normal basis, deliveries increased 1.2%. Cash from operating activities for the first half was $2,210.7 million, funding capital expenditures of $2,079.9 million. The company reaffirmed its 2026 earnings guidance of $5.51 to $5.61 per share.

WEC Energy Group is providing investors an updated long-term outlook highlighting steady growth, a large capital plan, and ongoing energy transition efforts. The company reports a $36.9 billion market cap as of May 22, 2026, serving 4.8 million retail customers with $51.7 billion of assets and 60% ownership of American Transmission Company.

Management emphasizes a history of consistent performance, including adjusted earnings per share rising to $5.27 in 2025 and 2026 EPS guidance of $5.51–$5.61 per share, supporting a long-term EPS growth outlook of 7.0%–8.0%. The annual dividend rate is $3.81 per share and is expected to grow 6.5%–7%, with a targeted payout ratio of 65%–70% of earnings.

From 2026–2030, WEC plans to invest $37.5 billion, including $12.6 billion in regulated renewables and $7.4 billion in thermal generation and LNG capacity, all within regulated businesses. The company outlines pending Wisconsin and Illinois rate reviews, an approved Illinois rider settlement, and a path to use coal only as backup by 2030 while targeting net carbon-neutral electric generation by 2050.

WEC Energy Group reported the results of its annual shareholder meeting held on May 7, 2026. Stockholders re-elected all 12 director nominees for terms expiring in 2027, with each receiving over 235 million votes in favor.

Shareholders also approved the ratification of Deloitte & Touche LLP as independent auditors for 2026, with 272,998,864 votes for and 14,173,423 against, and passed the advisory "say-on-pay" vote on named executive officer compensation.

However, proposals to amend the Restated Articles of Incorporation and Bylaws to eliminate supermajority voting requirements did not receive sufficient support, and a stockholder proposal to govern by majority vote was also not approved.

WEC Energy Group is sharing an investor update outlining its long-term growth strategy, capital plan and regulatory agenda. The company targets adjusted earnings per share growth of 7.0%-8.0% annually from a 2025 midpoint of $5.22, supported by a $37.5 billion capital plan for 2026-2030 focused entirely on regulated businesses.

WEC highlights a history of consistent performance, including approximately 6.7% EPS and 6.9% dividend compound annual growth since 2015 and 22 consecutive years of meeting or exceeding the top end of earnings guidance on an adjusted basis. The annual dividend was raised by 6.7% to $3.81 per share and is expected to grow 6.5%-7% with a payout target of 65%-70% of earnings.

The plan includes large investments in regulated renewables, thermal generation, LNG storage, transmission and gas distribution, as well as substantial projects to serve data centers and other very large customers. WEC also describes pending rate reviews in Wisconsin and Illinois, a proposed $2.3 billion Illinois settlement, and its goal to eliminate coal as an energy source by the end of 2032 while maintaining strong credit metrics.

WEC Energy Group, Inc. disclosed that Gale Klappa completed his service as Chairman of the Board on May 7, 2026 after reaching the retirement age set in the company’s Corporate Governance Guidelines.

On May 4, 2026, the Compensation Committee approved accelerating the vesting of Mr. Klappa’s unvested restricted stock awards, covering approximately 1,616 shares, effective the date he completed his service as Chairman. This action recognizes his years of service and contributions to the company.

WEC Energy Group reported stronger results for the quarter ended March 31, 2026. Net income attributed to common shareholders rose to $804.4 million, or $2.45 diluted earnings per share, compared with $724.2 million, or $2.27, a year earlier.

Operating revenues increased to $3.43 billion from $3.15 billion, with operating income improving to $980.0 million. Retail electricity deliveries excluding the Michigan iron ore mine grew modestly, led by a 2.7% increase from large commercial and industrial customers and a 0.7% rise from small commercial and industrial customers.

Natural gas deliveries in Wisconsin excluding power generation declined 3.5%, and were 2.1% lower on a weather-normal basis. The company generated $1.22 billion in cash from operating activities and continued significant capital investment with $817.9 million in capital expenditures. WEC reaffirmed its 2026 earnings guidance of $5.51 to $5.61 per share, assuming normal weather.

WEC Energy Group filed an 8-K sharing an investor presentation ahead of upcoming investor meetings. The company highlights a long-term adjusted earnings per share growth outlook of 7.0% to 8.0%, anchored by a 2026-2030 capital plan totaling $37.5 billion, all in regulated businesses.

The plan is driven by strong regional demand, including data center projects such as Microsoft’s I-94 corridor expansion that lifts forecasted electric demand additions to 3.9 GW (~45%) through 2030. WEC expects robust Wisconsin electric sales growth of 6.0%-8.0% annually between 2028 and 2030.

Management also outlines a proposed approximately $2.3 billion Illinois settlement covering 12 open dockets, with a $130 million rate base reduction and $125 million in cash credits over three years, subject to Illinois Commerce Commission approval. The presentation reiterates dividend growth of 6.5%-7%, a targeted payout ratio of 65%-70%, ongoing coal retirements, and a net carbon-neutral electric generation goal by 2050.

WEC Energy Group, Inc. entered into an underwriting agreement to issue and sell an additional $400,000,000 aggregate principal amount of its 4.75% Senior Notes due January 15, 2028. These new notes form part of the same series as the $450,000,000 of 4.75% Senior Notes issued on January 11, 2023.

After completion of this registered offering under an existing Form S-3 shelf registration, the total principal amount outstanding for this 4.75% Senior Notes due 2028 series increased to $850,000,000. The transaction provides the company with additional long-term fixed-rate debt maturing in 2028.

WEC Energy Group filed an 8-K to share a February 2026 investor update outlining long-term growth, capital plans, regulatory developments, and sustainability goals. The company targets premium adjusted earnings per share growth of 7.0% to 8.0%, supported by an increased $37.5 billion capital plan for 2026-2030, up $1 billion. This includes $12.6 billion for 6,535 MW of regulated renewables and $7.4 billion for thermal generation and LNG capacity, plus a projected $4.1 billion WEC share of American Transmission Company investment.

Management highlights a history of consistent performance, with ~6.7% adjusted EPS CAGR and ~6.9% dividend CAGR since 2015, and a 2026 annualized dividend of $3.81 per share after a 6.7% increase. WEC expects dividend growth of 6.5%-7% and a payout ratio of 65%-70%. A proposed Illinois settlement would resolve 12 open dockets covering about $2.3 billion of issues, including a $130 million rate base reduction and $125 million in cash credits over three years, subject to Illinois Commerce Commission approval. The update also details strong new large-load demand from data centers, a proposed Very Large Customer tariff, plans to retire or convert coal units and exit coal by 2032, and a net carbon-neutral electric generation goal by 2050.

WEC Energy Group, Inc. filed a current report to note that it released its financial results for the quarter and year ended December 31, 2025. The company issued a press release on February 5, 2026 describing these results, and that press release is attached as Exhibit 99.1.

The filing also identifies an Inline XBRL cover page data file as Exhibit 104. No specific revenue, earnings, or other financial figures are included in this report itself; those details are contained in the referenced press release.

WEC Energy Group says its Illinois gas utilities, The Peoples Gas Light and Coke Company and North Shore Gas Company, have agreed to a proposed settlement with the Illinois Attorney General that would resolve all open proceedings tied to infrastructure and uncollectible expense riders, if approved by the Illinois Commerce Commission after a public review.

Under the terms, Peoples Gas would permanently remove $130.0 million of qualified infrastructure investment from rate base starting in 2027 and provide $75.0 million in customer bill credits over 2026-2028. Peoples Gas and North Shore Gas would also provide $49.0 million and $1.0 million, respectively, in additional bill credits over 2026-2028. As a result, WEC Energy plans to record a $205 million, or $0.46 per share, charge in 2025, up from the previously expected $150 million, and reports that the combined rate base reduction and bill-credit obligation recorded on its December 31, 2025 balance sheet is $255.0 million.

WEC Energy Group expects its 2025 results to include a $150 million charge to increase reserves tied to Illinois regulatory matters, including unresolved Qualifying Infrastructure Plant and Uncollectible Expense Adjustment reconciliations with the Illinois Commerce Commission. After this charge, WEC’s 2025 earnings guidance on a GAAP basis is $4.83 to $4.93 per share. On an adjusted, non-GAAP basis that excludes the $0.34 per share charge, guidance remains $5.17 to $5.27 per share, with an expectation of reaching the upper end of that range, which management views as more reflective of ongoing operations.

WEC plans to discuss 2025 results on its year-end earnings call currently scheduled for February 5, 2026. Separately, subsidiaries The Peoples Gas Light and Coke Company and North Shore Gas Company have filed requests with the Illinois Commerce Commission to establish new rates starting in 2027, with additional details provided in investor presentation materials.

WEC Energy Group, Inc. filed a current report to announce that its representatives will participate in upcoming meetings with investors. The company has prepared presentation slides for these meetings, which are provided as Exhibit 99.1. These slides are intended to support discussions with the investment community and are being publicly shared at the same time to ensure equal access to information.

WEC Energy Group disclosed how it will measure 2026 incentive pay for its senior executives. Under the Short-Term Performance Plan, most named executive officers will have annual bonuses tied largely to financial goals based on earnings per share (75% weight) and cash flow (25% weight). Those awards can then be adjusted by up to 10% depending on results in customer satisfaction (5%), safety (2.5%), and supplier diversity and workforce development (2.5%) across all WEC Energy Group companies.

For executives focused on Wisconsin utility operations, 2026 bonuses will depend on earnings per share (25%), cash flow (25%), and aggregate net income from Wisconsin utilities (50%), with similar operational and social modifiers. For long‑term 2026 performance unit awards, payouts will be driven by total shareholder return versus a custom peer group (55%) and performance versus the weighted average authorized return on equity of all utility subsidiaries (45%), with a price‑to‑earnings ratio measure that can increase vesting by up to 25%, capped at 200% of target.

WEC Energy Group filed an 8-K under Item 7.01 (Regulation FD Disclosure). The company said its representatives will participate in upcoming investor meetings and provided the presentation materials to be used at those meetings.

The slides are furnished as Exhibit 99.1. The report is dated November 7, 2025. WEC Energy Group’s common stock (par value $0.01) trades on the NYSE under the symbol WEC.

WEC Energy Group, Inc. entered into an underwriting agreement to issue and sell $600,000,000 aggregate principal amount of 5.625% Fixed‑to‑Fixed Reset Rate Junior Subordinated Notes due 2056. The notes are being offered in a registered transaction under a Form S‑3 shelf (Registration No. 333-281253).

Barclays Capital, BofA Securities, Citigroup, Morgan Stanley, U.S. Bancorp Investments, and Wells Fargo Securities are acting as representatives of the underwriters. The filing also includes the securities resolution under the company’s existing indenture and related legal opinions and consents. This transaction adds long-dated junior subordinated debt to the company’s capital structure, using a registered public offering format.

WEC Energy Group entered an equity distribution agreement allowing it to offer and sell, from time to time, up to $3.0 billion of its common stock through designated sales agents or to them as principals. The program also permits forward sale agreements, including initially priced forwards and collared forwards, entered with affiliated forward purchasers under its effective Form S-3 shelf.

For forward transactions, WEC will not initially receive proceeds from sales of borrowed shares; it expects cash only upon future physical settlement at the applicable forward sale price, adjusted for commissions, interest factors and expected dividends. Collared forwards establish a floor and cap determined after an initial hedging period, with settlement payments reflecting those terms. Sales agents and forward sellers may receive commissions of up to 1.00% of sale prices. Actual sales will occur at WEC’s discretion based on market conditions, trading price, capital needs and funding determinations.

WEC Energy Group, Inc. filed a current report to furnish a press release announcing its financial results for the quarter and nine months ended September 30, 2025. The press release is provided as Exhibit 99.1, dated October 30, 2025, and is incorporated by reference. The company’s common stock (par value $0.01) trades on the NYSE under the ticker WEC.

WEC Energy Group, Inc. filed a current report stating that company representatives will participate in upcoming meetings with investors. The company has prepared a set of presentation slides for these meetings, which are furnished as Exhibit 99.1 to the report. The filing also includes a cover page interactive data file as Exhibit 104, which supports electronic access to the cover information.

WEC Energy Group (NYSE:WEC) filed an 8-K announcing that its subsidiary Wisconsin Electric Power Company plans to extend the operating lives of units 7 and 8 at the Oak Creek Power Plant through the end of 2026. The filing also mentions upcoming investor meetings with presentation materials included as exhibits. This operational extension appears aimed at meeting high energy demand periods.