WEC · 10-Q · 2026Q3 · Full report

Renewable Generation Transition

WEC ENERGY GROUP, INC. · 2026-10-30 · Importance 64 · Surprise 42 · No source text

WEC plans substantial new generation to serve forecast demand and replace older fossil-fueled generation. Its 2027–2031 plan includes approximately $9.4 billion in natural gas-fired generation and related infrastructure, including 3,540 MW of combustion turbines and reciprocating engines, 750 MW of combined-cycle turbines, and 200 MW of summer upgrades. WEC also expects to invest approximately $13.7 billion in regulated Wisconsin renewables, including 3,100 MW of utility-scale solar, 3,450 MW of battery storage, and 600 MW of wind. The company has extended its Point Beach nuclear power purchase agreement for approximately 1,000 MW for 20 years beyond the current agreement, subject to PSCW approval, and says the new resources and retirements should better balance supply and demand.

Key facts

• WEC Energy Group expects to invest approximately $13.7 billion from 2027 to 2031 in regulated renewable energy in Wisconsin. source
• WEC Energy Group’s planned regulated renewable investments include 3,100 MW of utility-scale solar. source
• WEC Energy Group’s planned regulated renewable investments include 3,450 MW of battery storage. source
• WEC Energy Group’s planned regulated renewable investments include 600 MW of wind. source
• WEC Energy Group expects to retire additional coal-fired generation, including OCPP Units 7 and 8. source
• Wisconsin capital expenditures were partly offset by lower renewable-project payments at WE, WPS, and UMERC for Renegade, which achieved commercial operation in March 2026. source
• WECI recognized $1.3 million more from REC sales in 2026 at Blooming Grove, driven by higher contracted REC prices. source
• WEC Energy Group has retired nearly 2,500 MW of fossil-fueled generation since the beginning of 2018. source

Impact estimates