WEC Energy Group, Inc. (WEC) Inventory Forecasts

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Based in Milwaukee, WEC Energy Group is a 98% regulated energy company serving 4.6 million utilities in Wisconsin (63% of customers), Illinois (17%), Minnesota (5%) and Michigan (5%). The company produces and distributes electricity and supplies natural gas. The company’s principal subsidiaries are We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities, Minnesota Energy Resources and Upper Michigan Energy Resources. The company’s other major subsidiary, We Power, designs, builds and owns power plants. WEC’s revenue by company is approximately 43% regulated electricity generation and distribution and 55% natural gas distribution. WEC is heavily dependent on Wisconsin’s economy and dairy industry. The company’s 2022 fuel mix for electric generation was 32% coal, 37% natural gas, 22% nuclear and 8% renewables. It plans to reduce carbon emissions by 80% by 2030, in line with many peers, and to eliminate methane emissions by 2030.