WEC · 10-Q · 2026Q3 · Full report
Wisconsin Segment Performance
WEC ENERGY GROUP, INC. · 2026-10-30 · Importance 41 · Surprise 48 · In source text
Wisconsin segment net income attributed to common shareholders increased 28.6%, or $80.4 million, to $361.7 million in the third quarter of 2026. The increase reflected $54.8 million of margin growth from Wisconsin rate orders effective January 1, 2026, a $47.5 million net increase from higher electric retail volumes, and $38.3 million of carrying costs on construction of Bespoke Resources assigned to VLCs. Third-quarter utility margin rose $141.9 million to $1,355.3 million; warmer summer weather contributed $24.3 million of the retail-volume margin increase, while weather-normalized customer growth, including VLCs, contributed $23.2 million.
Key facts
- The Wisconsin segment contributed $978.0 million to net income attributed to common shareholders for the nine months ended September 30, 2026, an increase of $154.4 million, or 18.7%, over 2025. source
- Wisconsin segment third-quarter 2026 net income attributable to common shareholders increased $80.4 million, or 28.6%, to $361.7 million. source
- Wisconsin utility margin increased $272.7 million for the nine months ended September 30, 2026, compared with the same period in 2025. source
- Wisconsin segment nine-month 2026 net income attributable to common shareholders increased $154.4 million year over year. source
- Carrying costs earned during construction of certain Bespoke Resources assigned to VLCs generated a $53.4 million current return in the Wisconsin segment during the nine months ended September 30, 2026. source
- Wisconsin segment margins increased a net $47.5 million from higher electric retail sales volumes, including $24.3 million from warmer summer weather and $23.2 million from weather-normalized customer growth driven by VLCs. source
- Wisconsin segment other income increased $18.6 million in third-quarter 2026, including a $19.7 million positive impact from higher AFUDC-Equity. source
- Wisconsin segment third-quarter 2026 income tax expense increased $7.8 million year over year due to higher pretax income. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | positive | realized | +6.7% | The Wisconsin segment contributed $978.0 million to net income attributed to common shareholders for the nine months ended September 30,… |
| net_income | positive | realized | +3.5% | Wisconsin segment third-quarter 2026 net income attributable to common shareholders increased $80.4 million, or 28.6%, to $361.7 million. |
| margin | positive | realized | — | Wisconsin utility margin increased $272.7 million for the nine months ended September 30, 2026, compared with the same period in 2025. |