Introduction
WEC Energy Group is a holding company that provides electric and natural gas services to customers in Illinois and Wisconsin. The company has two major subsidiaries; one is regulated by the Federal Energy Regulatory Commission (FERC) and provides energy services to about four million customers in Illinois and Wisconsin. The other subsidiary develops energy projects throughout the Midwest, including wind farms and waste lagoons for ethanol producers.
WEC Energy Group is a holding company that consists of Wisconsin Electric Power Company, We Energies and Energy Administration. The companies are involved in electric and natural gas utility operations as well as non-regulated natural gas and power generation businesses.
The holding company has two main subsidiaries:
- Wisconsin Electric Power Company (WEPCO) is an electricity generation, transmission and distribution company serving the state of Wisconsin. It has three subsidiaries:
- WEPCO Generation LLC – WEPCo’s largest subsidiary; provides wholesale electric power supply to 15 municipal utilities located throughout the state of Wisconsin; owns or operates five coal plants with four generating units totaling 1,364 megawatts (MW), along with three nuclear units at Point Beach nuclear plant totaling 896 MWs; also has interests in eight wind farms which generate 2,168 MWs; contracts with third party developers to build additional wind turbines on WEPCO land; owns long term contracts for purchase of more than 5 million tons per year from biomass facilities located outside its service area
- WI Municipal Power Agency (WMPA) – Owns WMPA Power Generation Co., LLC which generates approximately 1,500 MW from hydroelectric facilities located within the Upper Mississippi River Basin above Lock & Dam 20 near St Paul MN along with other hydroelectric projects elsewhere in North America including Canada’s Kinbasket Lake Wind Project which began commercial operation May 28th 2018
- Monroe County Municipal Utilities – Owns Monroe County Municipal Utilities Generating Station LLC which consists of six generating units totaling 935 MW located at Monroe NC
Key Takeaways
- You can expect to see continued growth in the future as WEC Energy Group continues to expand its Midwestern footprint.
- The company is also seeking out new opportunities in renewable energy, with the goal of providing cleaner energy sources to customers while helping the environment.
- The company has a strong presence across several states and will continue expanding into new markets as it continues to grow.
WEC Energy Group is a holding company that provides electric and natural gas through its subsidiaries.
WEC Energy Group is a holding company that provides electric and natural gas through its subsidiaries. The company has more than 5,000 employees in Michigan, Wisconsin and Illinois.
A holding company is an organization that owns or controls many other companies. Holding companies can be privately owned or publicly traded on the stock market.
It also has a non-regulated subsidiary that develops energy projects throughout the Midwest.
It also has a non-regulated subsidiary that develops energy projects throughout the Midwest. The subsidiary builds wind farms and waste lagos for ethanol producers and is involved in power projects throughout the region.
The group’s non-regulated unit has built wind farms as well as waste lagoons for ethanol producers.
WEC Energy Group’s non-regulated unit has built wind farms as well as waste lagoons for ethanol producers. The non-regulated unit is involved in power projects throughout the Midwest.
Its regulated unit provides electric and gas services to about four million customers in Illinois and Wisconsin.
WEC Energy Group, Inc. is a holding company of regulated utilities that serve over 4 million customers in Illinois and Wisconsin. The company’s regulated unit provides electric and gas services to customers in Illinois and Wisconsin. WEC’s unregulated business segment includes an energy trading group as well as other businesses related to generation, transmission, distribution and marketing activities.
WEC Energy Group is a holding company that provides electric and natural gas through its subsidiaries. The company has two major subsidiaries: a regulated unit that provides energy services to customers in Illinois and Wisconsin, and a non-regulated unit that performs power projects throughout the Midwest.
Conclusion
The WEC Energy Group is a holding company that has two major subsidiaries. The regulated unit provides energy services to customers in Illinois and Wisconsin, while the non-regulated unit performs power projects throughout the Midwest.
