WEC Energy Group WEC Business Segments
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Other operating revenues by Business | |||||
| Corporate and Other | $0— | $0— | $0-100% | $500K0.0% | |
| Illinois | -$34M-133% | $102.8M+33.0% | $77.3M— | —— | |
| Non-Utility Energy Infrastructure | $479.6M+14.5% | $419M+2.9% | $407.1M+1.2% | $402.1M+0.6% | |
| Other States | -$2.4M-125% | $9.7M+67.2% | $5.8M+390% | -$2M-128% | |
| Wisconsin | $24.3M+23.4% | $19.7M-19.9% | $24.6M+4.2% | $23.6M-21.6% | |
| Net income attributed to common shareholders by Business | |||||
| Corporate and Other | -$238.9M-45.4% | -$164.3M-0.9% | -$162.8M-130% | -$70.8M-40.2% | |
| Electric Transmission | $147.6M+4.7% | $141M+18.4% | $119.1M-8.0% | $129.5M+21.8% | |
| Non-Utility Energy Infrastructure | $411.1M+8.0% | $380.8M+13.3% | $336M+3.6% | $324.4M+16.2% | |
| Revenues from contracts with customers by Business | |||||
| Corporate and Other | $0— | $0-100% | $100K-80.0% | $500K0.0% | |
| Illinois | $1.73B+7.9% | $1.6B+2.9% | $1.56B-17.6% | $1.89B+13.0% | |
| Non-Utility Energy Infrastructure | $770.2M+11.4% | $691.3M+3.7% | $666.5M+13.0% | $590M+9.4% | |
| Other States | $530.3M+17.8% | $450.3M-13.3% | $519.3M-16.4% | $621M+19.7% | |
| Wisconsin | $7.3B+15.2% | $6.33B-4.5% | $6.63B-4.8% | $6.96B+15.3% | |
| Accounts receivable and unbilled revenues by Business | |||||
| Corporate and Other | $27.2M+11.0% | $24.5M-22.5% | $31.6M+36.2% | $23.2M+22.1% | |
| Non-Utility Energy Infrastructure | $210.2M+53.7% | $136.8M-17.0% | $164.8M+94.6% | $84.7M+33.4% | |
| Other Nonoperating Income (Expense) by Business | |||||
| Corporate and Other | $30.6M-43.8% | $54.4M+2.1% | $53.3M+265% | $14.6M— | |
| Electric Transmission | $0— | $0— | $0— | $0— | |
| Non-Utility Energy Infrastructure | $2.8M+180% | $1M— | $0— | $0— | |
| Net income attributed to noncontrolling interests by Business | |||||
| Corporate and Other | $0— | —— | $0— | $0— | |
| Electric Transmission | $0— | —— | $0— | $0— | |
| Non-Utility Energy Infrastructure | -$3.2M— | —— | -$1.2M-400% | $400K— | |
| Accounts Receivable, after Allowance for Credit Loss by Business | |||||
| Corporate and Other | $27.2M+11.0% | $24.5M-22.5% | $31.6M+36.2% | $23.2M+22.1% | |
| Non-Utility Energy Infrastructure | $210.2M+53.7% | $136.8M-17.0% | $164.8M+94.6% | $84.7M+33.4% | |
| Income tax expense (benefit) by Business | |||||
| Corporate and Other | -$101M-27.0% | -$79.5M-16.4% | -$68.3M-49.5% | -$45.7M+0.2% | |
| Electric Transmission | $48.9M+3.8% | $47.1M+20.8% | $39M-14.8% | $45.8M+41.8% | |
| Non-Utility Energy Infrastructure | -$122.9M-49.2% | -$82.4M-20.5% | -$68.4M-227% | -$20.9M— | |
| Total Assets by Business | |||||
| Corporate and Other | $4.9B+7.9% | $4.54B— | —— | —— | |
| Electric Transmission | $8.91B+7.4% | $8.3B— | —— | —— | |
| Non-Utility Energy Infrastructure | $31.27B+19.6% | $26.15B— | —— | —— | |
| Property and revenue taxes by Business | |||||
| Corporate and Other | $100K-66.7% | $300K+50.0% | $200K+100% | $100K— | |
| Electric Transmission | $0— | $0— | $0— | $0— | |
| Non-Utility Energy Infrastructure | $19.6M+24.8% | $15.7M-4.8% | $16.5M+81.3% | $9.1M— | |
| Cost of natural gas sold by Business | |||||
| Corporate and Other | $0— | $0— | $0— | $0— | |
| Electric Transmission | $0— | $0— | $0— | $0— | |
| Non-Utility Energy Infrastructure | $9.6M+5.5% | $9.1M-55.6% | $20.5M+14.5% | $17.9M— | |
| Interest Expense by Business | |||||
| Corporate and Other | $359M+15.8% | $310M+20.1% | $258.1M+116% | $119.4M+28.7% | |
| Electric Transmission | $19.3M-0.5% | $19.4M0.0% | $19.4M0.0% | $19.4M0.0% | |
| Non-Utility Energy Infrastructure | $123.1M+23.5% | $99.7M+5.7% | $94.3M+36.9% | $68.9M-3.0% | |
| Equity in earnings of transmission affiliates by Business | |||||
| Corporate and Other | $0— | $0— | $0— | $0— | |
| Electric transmission | $215.8M+4.0% | $207.5M+16.9% | $177.5M-8.8% | $194.7M+23.1% | |
| Non-Utility Energy Infrastructure | $0— | $0— | $0— | $0— | |
| Other operation and maintenance by Business | |||||
| Corporate and Other | -$10.2M+9.7% | -$11.3M-295% | $5.8M+144% | -$13.1M— | |
| Electric Transmission | $0— | $0— | $0— | $0— | |
| Capital expenditures and asset acquisitions by Business | |||||
| Corporate and Other | $20.8M+1.0% | $20.6M-20.2% | $25.8M+58.3% | $16.3M-9.9% | |
| Electric Transmission | $0— | $0— | $0— | $0— | |
| Non-Utility Energy Infrastructure | $504.7M-46.6% | $945.8M+25.4% | $754.4M+55.9% | $483.8M+44.3% | |
| Fuel and purchased power costs by Business | |||||
| Corporate and Other | $0— | $0— | $0— | $0— | |
| Electric Transmission | $0— | $0— | $0— | $0— | |
| Non-Utility Energy Infrastructure | $0— | $0— | $0— | $0— | |
| D&A by Business | |||||
| Corporate and Other | $21.6M-3.1% | $22.3M+6.7% | $20.9M-16.4% | $25M-3.5% | |
| Electric Transmission | $0— | $0— | $0— | $0— | |
| Non-Utility Energy Infrastructure | $240.2M+21.1% | $198.4M+5.1% | $188.7M+35.6% | $139.2M+11.1% | |
| Impairments related to Illinois segment by Business | |||||
| Corporate and Other | $0— | $0— | $0— | —— | |
| Electric transmission | $0— | $0— | $0— | —— | |
| Illinois | $130M+974% | $12.1M-93.2% | $178.9M— | —— | |
| Non-Utility Energy Infrastructure | $0— | $0— | $0— | —— | |
| Preferred stock dividends of subsidiary by Business | |||||
| Corporate and Other | $0— | $0— | $0— | $0— | |
| Electric Transmission | $0— | $0— | $0— | $0— | |
| Non-Utility Energy Infrastructure | $0— | $0— | $0— | $0— | |
| Goodwill by Business | |||||
| Illinois | $3.03B0.0% | $3.03B0.0% | $3.03B0.0% | $3.03B0.0% | |
| Non-Utility Energy Infrastructure | $26.4M0.0% | $26.4M0.0% | $26.4M0.0% | $26.4M0.0% | |
| Other States | $732.8M0.0% | $732.8M0.0% | $732.8M0.0% | $732.8M0.0% | |
| Allowance for credit losses by Business | |||||
| Corporate and Other | $0— | $0— | $0— | $0— | |
| Non-Utility Energy Infrastructure | $0— | $0— | $0— | $0— | |
| Equity Method Investments by Business | |||||
| Corporate and Other | $247.3M-7.4% | $267M— | —— | —— | |
| Electric Transmission | $8.9B+7.6% | $8.27B— | —— | —— | |
| Non-Utility Energy Infrastructure | $0— | $0— | —— | —— | |
| Revenues from contracts with customers by Product | |||||
| Electric | $5.53B+12.7% | $4.91B-1.7% | $4.99B+0.8% | $4.96B+9.7% | |
| Natural gas | $3.97B+19.4% | $3.32B-7.2% | $3.58B-19.8% | $4.47B+23.5% | |
| Other non-utility revenues | $256.2M+8.9% | $235.2M+13.0% | $208.1M+45.3% | $143.2M+41.1% | |
| Interest Expense by Product | |||||
| Total regulated revenues | $746.8M-0.2% | $748.4M+6.0% | $705.8M+9.7% | $643.6M— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does WEC Energy Group break its business down?
- WEC Energy Group (WEC) reports other operating revenues by business across 5 parts — Corporate and Other, Illinois, Non-Utility Energy Infrastructure, Other States and Wisconsin. Each is extracted from the segment footnotes and tracked over time.
- Where does WEC Energy Group's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in WEC Energy Group's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
