Utility operations — Provision for Credit Losses
WEC Energy Group Utility operations — Provision for Credit Losses increased by 56.0% to $65.50M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 100.9%, from $32.60M to $65.50M. Over 4 years (FY 2021 to FY 2025), Utility operations — Provision for Credit Losses shows an upward trend with a 17.2% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase signals deteriorating customer payment performance or economic stress, while a decrease suggests improved collection efficiency.
Detailed definition
This metric reflects the expense recognized in the income statement to account for expected uncollectible customer accou...
Peer comparison
Standard 'Bad Debt Expense' or 'Provision for Credit Losses' found in all utility financial statements.
wec_segment_utility_operations_provision_for_credit_lossesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | 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 | $15.60M | $15.90M | $22.10M | $23.30M | $18.80M | $15.80M | $28.20M | $21.00M | $11.10M | $14.80M | $25.10M | $25.90M | $23.70M | $23.80M | $31.50M | $32.60M | $35.40M | $32.80M | $42.00M | $65.50M |
| QoQ Change | — | +1.9% | +39.0% | +5.4% | -19.3% | -16.0% | +78.5% | -25.5% | -47.1% | +33.3% | +69.6% | +3.2% | -8.5% | +0.4% | +32.4% | +3.5% | +8.6% | -7.3% | +28.0% | +56.0% |
| YoY Change | — | — | — | — | +20.5% | -0.6% | +27.6% | -9.9% | -41.0% | -6.3% | -11.0% | +23.3% | +113.5% | +60.8% | +25.5% | +25.9% | +49.4% | +37.8% | +33.3% | +100.9% |
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Frequently Asked Questions
- What is WEC Energy Group's utility operations — provision for credit losses?
- WEC Energy Group (WEC) reported utility operations — provision for credit losses of $65.50M in Q1 2026.
- How has WEC Energy Group's utility operations — provision for credit losses changed year-over-year?
- WEC Energy Group's utility operations — provision for credit losses increased by 100.9% year-over-year, from $32.60M to $65.50M.
- What is the long-term trend for WEC Energy Group's utility operations — provision for credit losses?
- Over 4 years (2021 to 2025), WEC Energy Group's utility operations — provision for credit losses has grown at a 17.2% compound annual growth rate (CAGR), from $75.70M to $142.80M.
- What does utility operations — provision for credit losses mean?
- The estimated cost of customer bills that the utility expects will not be paid.