WEC · 10-Q · 2026Q3 · Full report

Rate Case Outcomes

WEC ENERGY GROUP, INC. · 2026-10-30 · Importance 59 · Surprise 60 · In source text

In May 2026, the PSCW approved new VLC and Bespoke Resources tariffs to address the needs of very large customers while protecting other customers and shareholders. Microsoft subsequently entered a service agreement under the VLC tariff. Separately, an August 2026 agreement to extend the Point Beach nuclear plant PPA would preserve approximately 1,000 MW of capacity for an additional 20 years, but is subject to PSCW approval. If approved, the extended PPA would begin after the current agreements expire in 2030 for Unit 1 and 2033 for Unit 2.

Key facts

• PGL agreed to remove $130.0 million of qualified infrastructure investment costs from rate base starting in 2027 and refund $75.0 million to customers in bill credits over 2026–2028 under the QIP settlement. source
• Wisconsin rate orders approved by the PSCW and effective January 1, 2026 increased margins by $177.5 million for the nine months ended September 30, 2026. source
• Wisconsin rate orders approved by the PSCW and effective January 1, 2026, increased third-quarter 2026 Wisconsin segment margins by $54.8 million. source
• Wisconsin segment earnings benefited from rate orders approved by the PSCW and effective January 1, 2026. source
• PGL's appeal of the ICC's August 2024 QIP order was dismissed with prejudice in June 2026 following a joint motion by PGL, the ICC, and the Illinois Attorney General. source
• PGL's 2016 QIP reconciliation included a $14.8 million disallowance of certain capital costs in an ICC final order issued in August 2024. source

Impact estimates