WEC · 8-K · 20260904PR000099

Regulated Capital Investment Plan

WEC ENERGY GROUP, INC. · 2026-09-04 · Importance 68 · Surprise 42 · No source text

WEC projected $37.5 billion of capital spending for 2026–2030, its largest five-year capital plan, supporting stated long-term EPS growth of 7.0% to 8.0%. The plan includes $20.3 billion for electric generation, $7.1 billion for electric distribution, $4.7 billion for gas distribution, $4.1 billion for WEC’s share of electric transmission investment, and $1.3 billion for Wisconsin LNG capacity. The company expects utility depreciation to average $1.6 billion annually and ATC depreciation to average $190 million over 2026–2030. The plan projects $20.5 billion to $21.5 billion of operating cash flow, $5.3 billion to $5.7 billion of common equity, and $14.2 billion to $14.8 billion of incremental debt to fund $33.3 billion of capital-plan cash uses, excluding ATC capital.

Key facts

• WEC's 2026–2030 capital plan totals $37.5 billion and supports long-term EPS growth of 7.0%–8.0%. source
• WEC forecasts $37.5 billion of capital spending from 2026 through 2030, with utility depreciation averaging $1.6 billion annually and ATC depreciation averaging $190 million annually over that period. source
• WEC plans to invest $7.4 billion in thermal generation and LNG capacity from 2026 through 2030, including $6.1 billion in thermal generation and $1.3 billion in LNG storage facilities. source
• WEC's portion of ATC investment is expected to be $4.1 billion from 2026 through 2030; an additional $800 million of investment is expected in 2031 and beyond, in 2024 dollars. source

Impact estimates