Wisconsin Electric Power Company Preferred Stock 6% Perpetual (WELPM)

Overview

Wisconsin Electric Power Company is a well-established entity in the energy sector, providing a wide range of energy solutions to a diverse clientele. The company has been operational since 1896 and maintains its headquarters in Milwaukee, Wisconsin. As an integral subsidiary of WEC Energy Group, Inc., Wisconsin Electric Power Company focuses on the generation, distribution, and sale of electricity across Southeastern, East-Central, and Northern Wisconsin. It caters to the energy needs of residential, commercial, and industrial customers within these regions. In addition to electricity, the company also engages in the steam utility business within metropolitan Milwaukee, addressing the needs for processing, space heating, domestic hot water, and humidification. Furthermore, Wisconsin Electric Power Company extends its services to encompass the natural gas sector, offering purchase, distribution, and sales services to retail customers, alongside the transportation of customer-owned natural gas.

Products and Services

• Electricity Generation:

  The company generates electricity through a diversified portfolio of sources, including coal, natural gas and oil, wind, hydro, solar, and biomass technologies. This multi-faceted approach not only ensures a consistent and reliable supply of electricity but also aligns with the modern emphasis on sustainability and renewable energy production.

• Electricity Distribution and Sales:

  Wisconsin Electric Power Company distributes and sells electricity to a wide range of customers, encompassing residential, commercial, and industrial sectors. The company's extensive infrastructure and strategic operations ensure the efficient delivery of energy across various geographical areas in Southeastern, East-Central, and Northern Wisconsin.

• Steam Generation, Distribution, and Sales:

  In metropolitan Milwaukee, the company generates, distributes, and sells steam for a variety of purposes, including processing, space heating, domestic hot water provision, and humidification. This service caters to businesses and industries that rely on high-quality steam for their operations.

• Natural Gas Purchase, Distribution, and Sales:

  Wisconsin Electric Power Company also operates in the natural gas market by purchasing, distributing, and selling natural gas to retail customers. This diversification into natural gas allows the company to meet the broader energy needs of its customers, offering a comprehensive energy solution.

• Transportation of Customer-Owned Natural Gas:

  Beyond its role as a retailer of natural gas, the company provides a specialized service in the transportation of customer-owned natural gas. This service supports customers who procure their own natural gas but require a reliable infrastructure for its transportation across Southeastern, East-Central, and Northern Wisconsin.