WEC Energy Group Utility operations — Property and revenue taxes increased by 13.8% to $69.30M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 4.9%, from $72.90M to $69.30M. Over 3 years (FY 2022 to FY 2025), Utility operations — Property and revenue taxes shows relatively stable performance with a 2.1% CAGR.
An increase often correlates with expansion of the asset base or higher revenue levels, frequently offset by regulatory recovery mechanisms.
This metric captures the taxes levied on the utility's property holdings and gross revenues generated within its service...
Commonly reported by regulated utilities as part of their operating tax burden.
wec_segment_utility_operations_property_and_revenue_taxes| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $61.13M | $61.13M | $61.13M | $61.13M | $58.38M | $58.38M | $58.38M | $58.38M | $71.60M | $62.80M | $47.60M | $68.50M | $72.90M | $64.10M | $62.50M | $60.90M | $69.30M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -4.5% | +0.0% | +0.0% | +0.0% | +22.7% | -12.3% | -24.2% | +43.9% | +6.4% | -12.1% | -2.5% | -2.6% | +13.8% |
| YoY Change | — | — | — | — | -4.5% | -4.5% | -4.5% | -4.5% | +22.7% | +7.6% | -18.5% | +17.3% | +1.8% | +2.1% | +31.3% | -11.1% | -4.9% |