WEC Energy Group (WEC) investor relations material

Company overview and performance

• Operates with a $38.4 billion market cap, 4.8 million retail customers, and $51.7 billion in assets, with 60% ownership of American Transmission Company.

• Achieved or exceeded EPS guidance for over 22 consecutive years, with a 6.7% CAGR in EPS and 6.9% CAGR in dividends.

• Included in S&P's High Yield Dividend Aristocrats Index, with 23 years of consecutive dividend increases and a target payout ratio of 65-70%.

Growth outlook and capital plan

• Projects long-term EPS growth of 7.0-8.0% CAGR, supported by the largest five-year capital plan in company history at $37.5 billion from 2026-2030.

• Capital allocation includes $12.6 billion for regulated renewables, $7.4 billion for thermal generation and LNG, and $4.1 billion for transmission.

• Forecasts robust regional demand growth, driven by major data center investments from Microsoft and Vantage, totaling over $35 billion and adding up to 7.4 GW of new demand by 2030.

Regulatory and rate review updates

• Wisconsin and Illinois utilities have filed for base rate increases effective 2027, with proposed ROEs around 9.9% and equity ratios up to 55%.

• Illinois settlement proposal resolves $2.3 billion in open dockets, including infrastructure and uncollectible expense riders.

• Very Large Customer Tariff in Wisconsin targets customers with 100 MW+ new load, offering dedicated generation resources and fixed ROE/equity terms.