WEC · 10-Q · 2026Q3 · Full report

Capital Expenditure Program

WEC ENERGY GROUP, INC. · 2026-10-30 · Importance 61 · Surprise 32 · Matches filing data

Capital expenditures, including AFUDC-Debt, increased $198.7 million to $3,318.7 million for the nine months ended September 30, 2026. Wisconsin accounted for $2,883.2 million, including $166.4 million more than the prior-year period, while Illinois spending increased $52.6 million to $271.9 million, primarily for PGL’s natural gas delivery-system upgrades. Estimated capital expenditures and acquisitions total $5,286.0 million for 2026, $8,408.0 million for 2027 and $9,078.0 million for 2028; Wisconsin VLC/Bespoke Resources account for $2,057.0 million, $4,300.0 million and $5,025.0 million, respectively. WEC expects to contribute approximately $820 million to ATC from 2026 through 2028 and estimates its share of MISO Tranche 1 and Tranche 2.1 investment at approximately $500 million and $700 million, respectively, between 2027 and 2031.

Key facts

• WEC Energy Group paid a refundable aggregate $170.8 million during the nine months ended September 30, 2026 for exclusive rights to purchase certain generation projects. source
• Cash paid for capital expenditures, including AFUDC-Debt, increased $198.7 million for the nine months ended September 30, 2026, compared with 2025. source
• Net cash used in investing activities increased $29.3 million during the nine months ended September 30, 2026, compared with 2025. source
• The increase in Wisconsin capital expenditures reflected higher payments for CTs and LNG at WE, electric distribution at WE and WPS, and natural gas distribution at WE. source

Impact estimates