WEC Energy Group WEC Finite-Lived Intangible Assets, Accumulated Amortization

At March 31, 2026 and December 31, 2025, we had $18.9 million and $17.4 million, respectively, of finite-lived intangible assets included in other long-term assets on our balance sheets. These assets largely consist of a PPA for Maple Flats Solar Energy Center LLC acquired by WECI in November 2024, with a gross carrying amount of $18.8 million. The PPA will be amortized over a useful life of 15 years and expires in 2039. At March 31, 2026 and December 31, 2025, accumulated amortization related to the intangible asset was $1.7 million and $1.4 million, respectively. Amortization expense related to the intangible asset was not material for the three months ended March 31, 2026 and 2025. Amortization expense to be recorded as a decrease to operating revenues is expected to be $1.3 million in each of the next five years.