Who Owns We Energies?
We Energies is owned by WEC Energy Group, Inc. (NYSE: WEC), a publicly traded utility holding company headquartered in Milwaukee, Wisconsin. It is the trade name of Wisconsin Electric Power Company and Wisconsin Gas LLC, wholly owned WEC subsidiaries. Founded in 1896 as the Milwaukee Electric Railway and Light Company, it serves about 1.19 million electric and 1.19 million natural gas customers in Wisconsin.
Parent Company
Founded
1896
Status
Publicly Traded
Headquarters
United StatesOfficial Website
Who Owns We Energies?
- Parent Company: WEC Energy Group, Inc.
- Ownership Type: Wholly owned
- Company Type: Publicly Traded
- Stock Ticker: New York Stock Exchange: WEC
| Brand | Parent Company | Ownership Type |
|---|---|---|
| We Energies | WEC Energy Group, Inc. | Wholly owned |
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History of We Energies
- Founded: 1896
- Founders: The Milwaukee Electric Railway and Light Company
The company began in 1896 as The Milwaukee Electric Railway and Light Company, formed to run electric, steam, and interurban rail service across more than 12,000 square miles. William Nelson Cromwell was its first president. Natural gas service came later through Milwaukee Gas Light, a Wisconsin Gas predecessor with roots to the 1850s.
The company became Wisconsin Electric Power Company in 1938 after divesting rail operations. A 1987 restructuring placed it under the new Wisconsin Energy Corporation holding company.
Wisconsin Energy acquired WICOR, the parent of Wisconsin Gas, in 2000. The merged Wisconsin Electric-Wisconsin Gas adopted the We Energies trade name in 2002, uniting two organizations that had served the region for more than a century.
Under WEC Energy Group since 2015, We Energies has retired most of its coal fleet, including the Pleasant Prairie plant and Oak Creek Units 5 and 6, while adding solar, wind, battery storage, and new gas-fired generation to serve data center growth in southeastern Wisconsin.
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About WEC Energy Group, Inc.
Is WEC Energy Group publicly traded?
Yes. It trades on the New York Stock Exchange under the ticker WEC and is a member of the S&P 500.
What is the difference between WEC Energy Group and We Energies?
WEC Energy Group is the parent holding company. We Energies is its largest operating utility, the trade name of Wisconsin Electric Power Company and Wisconsin Gas LLC.
How many customers does WEC Energy Group serve?
About 4.8 million electric and natural gas customers across Wisconsin, Illinois, Michigan, and Minnesota.
Who is the CEO of WEC Energy Group?
Scott Lauber. He became president and CEO in February 2022 and was named chairman of the board in May 2026.
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Does WEC Energy Group still use coal?
Yes, but on a declining basis. It expects to use coal only as a backup fuel by the end of 2030 and to eliminate coal by the end of 2032.
When was WEC Energy Group formed?
The holding company was incorporated in 1981 as Wisconsin Energy Corporation and renamed WEC Energy Group in 2015 after acquiring Integrys Energy Group.
- Founded: 1981
- Headquarters: Milwaukee, Wisconsin, USA
- Company Type: Publicly Traded
- Stock: New York Stock Exchange: WEC
- Revenue: Approximately $9.8 billion (FY2025)
- Employees: Approximately 7,000
Where Is We Energies Made / Based?
- Headquarters: Milwaukee, Wisconsin, USA
We Energies Categories & Tags
We Energies Recalls & Controversies
Coal retirement timing: Extensions of Oak Creek Units 7 and 8 drew criticism from environmental groups, which argue the delay raises costs and emissions. The utility frames it as a reliability bridge until new dispatchable generation arrives in late 2027.
Rate requests: Periodic rate case filings in Wisconsin draw scrutiny from consumer advocates over bill impacts, a standard feature of regulated utility operation rather than a scandal.
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Brands Owned by WEC Energy Group, Inc.
Energy UtilitiesMichigan Gas Utilities
Owned by WEC Energy Group, Inc.
Natural gas utility serving nearly 188,000 customers in southern Michigan, a subsidiary of WEC Energy Group headquartered in Monroe, Michigan.
utilitiesnatural-gasmichigan
Energy UtilitiesMinnesota Energy Resources
Owned by WEC Energy Group, Inc.
Natural gas utility delivering service to more than 256,000 customers across 179 Minnesota communities, a subsidiary of WEC Energy Group.
utilitiesnatural-gasminnesota
Energy UtilitiesNorth Shore Gas
Owned by WEC Energy Group, Inc.
Natural gas utility serving approximately 166,000 customers in Chicago's northern suburbs, a sister company of Peoples Gas under WEC Energy Group.
utilitiesnatural-gaschicago-suburbs
Energy UtilitiesPeoples Gas
Owned by WEC Energy Group, Inc.
Chicago's natural gas utility, delivering gas to approximately 898,000 city customers as a subsidiary of WEC Energy Group.
utilitiesnatural-gaschicago
Energy UtilitiesUpper Michigan Energy Resources
Owned by WEC Energy Group, Inc.
Michigan-regulated electric and natural gas utility serving about 43,000 customers in the Upper Peninsula, formed in 2017 as a WEC Energy Group subsidiary.
utilitieselectricitynatural-gas
Energy UtilitiesWEC Energy Group
Owned by WEC Energy Group, Inc.
The corporate brand of WEC Energy Group, the Milwaukee utility holding company behind We Energies, Wisconsin Public Service, Peoples Gas, and four other Midwest utilities.
utilitiesenergynatural-gas
We Energies Ownership: Pros & Cons
Advantages
- +Backed by a financially strong S&P 500 parent
- +Largest service territory in Wisconsin with scale efficiencies
- +Access to shared WEC resources including ATC transmission
- +Regulated monopoly provides stable service economics
Considerations
- -Rates depend on state commission approval
- -Coal transition requires continued large capital spending
- -Rapid data center load growth creates execution and cost-allocation pressure
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Frequently Asked Questions About We Energies
Sources & Further Reading
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Competitors to We Energies
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Wec Energy Group | USA | 1883 | Mass market | United states | All Genders | |
| Iberdrola | USA | 2015 | Mass market | United states | Unisex | |
| Exelon | USA | 1816 | Mass market | United states | All-ages | |
| Exelon | United States | 1909 | Mass market | United states | All Genders | |
| Ppl Corporation | USA | 1913 | Mass market | United states | All Genders | |
| Exelon | USA | 1881 | Mass market | United states | All Genders |
Learn More About Competitors
Energy UtilitiesWisconsin Public Service
Owned by WEC Energy Group, Inc.
Green Bay-based electric and natural gas utility serving more than 824,000 customers in northeastern and central Wisconsin, a subsidiary of WEC Energy Group.
utilitieselectricitynatural-gas
Energy UtilitiesAvangrid
Owned by Iberdrola
US-based energy company providing electricity and natural gas services to millions of customers across multiple states, owned by Spanish utility Iberdrola.
energyelectricitynatural-gas
Energy UtilitiesBaltimore Gas and Electric
Owned by Exelon Corporation
Maryland-based electric and natural gas utility founded in 1816 and owned by Exelon Corporation. BGE serves over 1.25 million electric customers and 650,000 natural gas customers across central Maryland.
electricitynatural-gasutilities
Energy UtilitiesDelmarva Power
Owned by Exelon Corporation
Delaware and Maryland-based electric and natural gas utility company serving approximately 515,000 electric and 130,000 natural gas customers, owned by Exelon Corporation.
electricitynatural-gasutilities
Energy UtilitiesLouisville Gas and Electric
Owned by PPL Corporation
Kentucky's oldest utility, providing electric and natural gas service to the Louisville area since the 19th century as a subsidiary of PPL Corporation.
utilitieselectricitynatural-gas
Energy UtilitiesPECO Energy Company
Owned by Exelon Corporation
Pennsylvania electric and natural gas utility serving 1.7 million electric and 600,000 gas customers in southeastern Pennsylvania, owned by Exelon Corporation.
electricitynatural-gasutilities
Competitive Analysis
Market Positioning: We Energies competes with 6 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
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Independent Alternatives to We Energies
Looking for brands with different ownership structures? These similar brands are not owned by WEC Energy Group, Inc., giving you alternative choices that support different corporate structures.
Energy UtilitiesAdani Power
Owned by Adani Group
India's largest private thermal power producer, operating approximately 17,550 megawatts of installed capacity across eight states, listed on NSE and BSE.
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Privately Owned
Adani Power is privately owned, unlike We Energies which is under a publicly traded parent company.
Energy UtilitiesAdani Green Energy
Owned by Adani Group
Adani Green Energy Limited (AGEL) is India's largest renewable energy company by installed capacity, listed on the National Stock Exchange and BSE. It develops, builds, and operates solar and wind power plants across India.
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Privately Owned
Adani Green Energy is privately owned, unlike We Energies which is under a publicly traded parent company.
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Privately Owned
Cenex is privately owned, unlike We Energies which is under a publicly traded parent company.
Energy UtilitiesCMS Energy
Owned by CMS Energy
American energy company providing electricity and natural gas utility services to Michigan residents through Consumers Energy subsidiary.
energy-utilityelectricitynatural-gas
Publicly Traded
CMS Energy operates independently without a large parent corporation.
Energy UtilitiesCon Edison
Owned by Consolidated Edison, Inc.
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Publicly Traded
Con Edison operates independently without a large parent corporation.
Energy UtilitiesDTE Energy
Owned by DTE Energy Company
Master brand of DTE Energy Company, the Detroit-based NYSE-listed utility serving millions of Michigan customers through DTE Electric and DTE Gas.
utilityelectricitynatural-gas
Publicly Traded
DTE Energy operates independently without a large parent corporation.
WEC Energy Group, Inc. Stock Information
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Jobs at WEC Energy Group, Inc.
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