WEC · 10-Q · 2026Q2 · Full report
Regulated Capital Investment Plan
WEC ENERGY GROUP, INC. · 2026-08-04 · Importance 64 · Surprise 42 · In source text
WEC expects total regulated utility capital expenditures of approximately $33.4 billion from 2026 through 2030 and forecasts its share of ATC capital expenditures at approximately $4.1 billion over the same five-year period. The company plans to invest approximately $6.1 billion in efficient natural gas-fired generation and related infrastructure, including 3,300 MW of combustion turbines and 180 MW of reciprocating internal combustion engine generation. WEC also expects approximately $12.6 billion of regulated renewable energy investment in Wisconsin, including 3,850 MW of utility-scale solar, 2,130 MW of battery storage, and 555 MW of wind. Reliability projects include approximately $7.1 billion for natural gas distribution and $4.7 billion for electric distribution from 2026 through 2030.
Key facts
- Capital expenditures estimated for Wisconsin are $4,223.0 million for 2026, $5,952.5 million for 2027, and $5,949.7 million for 2028 (includes actual through June 30, 2026 and estimates). source
- Anticipated LNG investments are $178.0 million in 2026, $82.0 million in 2027, and $112.0 million in 2028. source
- We plan on investing approximately $6.1 billion from 2026 to 2030 in efficient natural gas-fired generation and related infrastructure. source
- Planned natural gas investments include 3,300 MWs of CTs. source
- Planned natural gas investments include 180 MWs of reciprocating internal combustion engine natural gas-fueled generation. source
- In May 2026, the PSCW approved new VLC and Bespoke Resources tariffs. source
- Wisconsin capital expenditures were $1,832.1 million for the six months ended June 30, 2026, an increase of $515.7 million versus 2025. source
- A current return of $10.8 million consisting of carrying costs was earned during the construction of certain bespoke resources assigned to our VLCs during the second quarter of 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | positive | probable | +5.8% | We plan on investing approximately $6.1 billion from 2026 to 2030 in efficient natural gas-fired generation and related infrastructure. |
| cash | negative | probable | -5.8% | We plan on investing approximately $6.1 billion from 2026 to 2030 in efficient natural gas-fired generation and related infrastructure. |
| assets | positive | probable | +5.6% | Capital expenditures estimated for Wisconsin are $4,223.0 million for 2026, $5,952.5 million for 2027, and $5,949.7 million for 2028… |
| cash | negative | probable | -5.6% | Capital expenditures estimated for Wisconsin are $4,223.0 million for 2026, $5,952.5 million for 2027, and $5,949.7 million for 2028… |
| assets | positive | probable | +4.0% | Capital expenditures estimated for Wisconsin are $4,223.0 million for 2026, $5,952.5 million for 2027, and $5,949.7 million for 2028… |
| cash | negative | probable | -4.0% | Capital expenditures estimated for Wisconsin are $4,223.0 million for 2026, $5,952.5 million for 2027, and $5,949.7 million for 2028… |
| cash | negative | realized | -1.0% | Wisconsin capital expenditures were $1,832.1 million for the six months ended June 30, 2026, an increase of $515.7 million versus 2025. |
| assets | positive | realized | +1.0% | Wisconsin capital expenditures were $1,832.1 million for the six months ended June 30, 2026, an increase of $515.7 million versus 2025. |
| assets | positive | probable | +0.2% | Anticipated LNG investments are $178.0 million in 2026, $82.0 million in 2027, and $112.0 million in 2028. |
| cash | negative | probable | -0.2% | Anticipated LNG investments are $178.0 million in 2026, $82.0 million in 2027, and $112.0 million in 2028. |
| assets | positive | probable | +0.1% | Anticipated LNG investments are $178.0 million in 2026, $82.0 million in 2027, and $112.0 million in 2028. |
| cash | negative | probable | -0.1% | Anticipated LNG investments are $178.0 million in 2026, $82.0 million in 2027, and $112.0 million in 2028. |