WEC Energy Group, Inc. (W1EC34)

Overview

WEC Energy Group, Inc. is an influential energy company that plays a critical role in the United States energy sector by providing a wide array of energy services. With its extensive operations spread across various states including Wisconsin and Illinois, the company has established a significant presence in the regulated natural gas and electricity markets, as well as in the renewable and nonregulated renewable energy segments. Founded in 1896, initially as Wisconsin Energy Corporation, the company underwent a strategic rebranding to WEC Energy Group, Inc. in June 2015, reflecting its expanded vision and operational scope. Operating from its headquarters in Milwaukee, Wisconsin, WEC Energy Group has evolved into an establishment with a comprehensive infrastructure that includes electric transmission systems, and generation facilities utilizing a mix of energy sources from fossil fuels to nuclear and renewables.

Products and Services

The company’s diverse portfolio of energy services underscores its commitment to fulfilling the energy needs of its customers through a balance of traditional and sustainable energy sources. This portfolio includes:

• Electricity Generation: WEC Energy Group generates electricity through a mix of sources, including coal, natural gas, oil, and nuclear power, catering to the growing energy demand while ensuring reliability and efficiency.
• Renewable Energy: Demonstrating a commitment to environmental stewardship, the company invests in renewable energy resources such as wind, solar, hydroelectric, and biomass. These investments not only contribute to a sustainable energy future but also align with global efforts to reduce carbon emissions.
• Natural Gas Distribution and Transportation: The company plays a pivotal role in distributing and transporting natural gas, a critical fuel source for heating, electricity generation, and industrial processes. WEC Energy Group’s extensive network of natural gas distribution mains, transmission mains, lateral services, and gate stations ensures efficient and reliable service.
• Electric Transmission: Owning, maintaining, monitoring, and operating electric transmission systems, the company facilitates the high-voltage transfer of electricity from power plants to substations, and eventually to consumers, underscoring the interconnectedness and reliability of the power grid.
• Steam Generation and Distribution: Beyond electricity and natural gas, WEC Energy Group also generates, distributes, and sells steam, serving a range of industrial, commercial, and residential customers who require steam for heating and processing needs.