WEC · 10-Q · 2026Q3 · Full report
Capital Expenditure Outlook
WEC ENERGY GROUP, INC. · 2026-10-30 · Importance 93 · Surprise 82 · In source text
WEC estimates capital expenditures and acquisitions of $5,286.0 million for 2026, $8,408.0 million for 2027, and $9,078.0 million for 2028. The three-year plan includes Wisconsin VLC/Bespoke Resources investment of $2,057.0 million, $4,300.0 million, and $5,025.0 million, respectively, as well as investments across Illinois, other states, and non-utility energy infrastructure. The company says estimates may vary with environmental and regulatory requirements, tax laws, development opportunities, market volatility, economic trends, supply-chain disruptions, inflation, and interest rates.
Key facts
- WEC Energy Group's estimated capital expenditures and acquisitions for the next three years are $5,286.0 million, $8,408.0 million, and $9,078.0 million, respectively. source
- WEC Energy Group forecasts solar investment of $938.4 million, $2,176.6 million, and $1,732.8 million over the next three years, respectively. source
- WEC Energy Group forecasts battery investment of $462.9 million, $604.1 million, and $922.2 million over the next three years, respectively. source
- WEC Energy Group forecasts thermal generation investment of $935.6 million, $2,008.6 million, and $2,864.6 million over the next three years, respectively. source
- WEC Energy Group forecasts gas distribution investment of $1,200.0 million, $1,692.0 million, and $1,553.0 million over the next three years, respectively. source
- WEC Energy Group plans to invest approximately $9.4 billion from 2027 to 2031 in efficient natural gas-fired generation and related infrastructure. source
- WEC Energy Group expects regulated utility capital expenditures of approximately $42.2 billion from 2027 to 2031. source
- WEC Energy Group’s capital plan totals $47.5 billion. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | -74.9% | WEC Energy Group’s capital plan totals $47.5 billion. |
| cash | negative | probable | — | WEC Energy Group plans 3,540 MW of natural gas-fueled CT and reciprocating internal combustion engine generation and a new lateral… |
| assets | positive | probable | — | WEC Energy Group plans 3,540 MW of natural gas-fueled CT and reciprocating internal combustion engine generation and a new lateral… |
| cash | negative | probable | — | WEC Energy Group plans 750 MW of combined-cycle gas turbines. |
| assets | positive | probable | — | WEC Energy Group plans 750 MW of combined-cycle gas turbines. |
| cash | negative | probable | — | WEC Energy Group plans 200 MW of combined-cycle gas turbine summer upgrades. |
| assets | positive | probable | — | WEC Energy Group plans 200 MW of combined-cycle gas turbine summer upgrades. |