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WEC Energy Group WEC Utility operations — Recoveries of amounts previously written off
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Where this comes from
Reported directly by WEC Energy Group in its filing.
Tagged under the XBRL concept us-gaap:AllowanceForDoubtfulAccountsReceivableRecoveries.
The source filing: WEC Energy Group’s 10-Q, filed May 7, 2026.
- Filed
- May 6, 2026, 8:00 PM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0000783325-26-000052
| Three Months Ended March 31, 2026(in millions) | Wisconsin | Illinois | Other States | WEC Energy Group Consolidated |
|---|---|---|---|---|
| Balance at January 1, 2026 | $61.7 | $82.3 | $4.7 | $148.7 |
| Provision for credit losses | 48.8 | 16.8 | (0.1) | 65.5 |
| Provision for credit losses deferred for future recovery or refund | (25.2) | 5.6 | — | (19.6) |
| Write-offs charged against the allowance | (36.0) | (23.5) | (1.1) | (60.6) |
| Recoveries of amounts previously written off | 14.3 | 7.1 | 0.6 | 22.0 |
| Balance at March 31, 2026 | $63.6 | $88.3 | $4.1 | $156.0 |
Item 1. FINANCIAL STATEMENTS (UNAUDITED)
FAQ
- What is WEC Energy Group's utility operations — recoveries of amounts previously written off?
- WEC Energy Group (WEC) reported utility operations — recoveries of amounts previously written off of $22M in Q1 2026.
- How has WEC Energy Group's utility operations — recoveries of amounts previously written off changed year-over-year?
- WEC Energy Group's utility operations — recoveries of amounts previously written off decreased by 24.7% year-over-year, from $29.2M to $22M.
- What is the long-term trend for WEC Energy Group's utility operations — recoveries of amounts previously written off?
- Over 4 years (2021 to 2025), WEC Energy Group's utility operations — recoveries of amounts previously written off has grown at a 24.2% compound annual growth rate (CAGR), from $45.4M to $107.9M.
- What does utility operations — recoveries of amounts previously written off mean?
- This metric captures the cash collected from customer accounts that were previously classified as uncollectible and written off. It reflects the effectiveness of the utility's late-stage collection efforts or improvements in customer financial status. Recoveries act as a partial offset to the total provision for credit losses.
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