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.

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.

The corporate roots reach back to 1896, when the Milwaukee Electric Railway and Light Company formed to provide electric, steam, and interurban rail service across southeastern Wisconsin. That company renamed itself Wisconsin Electric Power Company in 1938.

The holding company was incorporated in Wisconsin in 1981 and became a diversified holding company in 1986. In 1987 Wisconsin Electric restructured, establishing Wisconsin Energy Corporation and new subsidiaries including Wispark, Wisvest, and Witech. Wisconsin Electric became a subsidiary of the new parent.

Wisconsin Energy acquired WICOR, the holding company of Wisconsin Gas, in 2000. The combination created Wisconsin Electric-Wisconsin Gas, the largest electric and natural gas provider in the state, which adopted the trade name We Energies in 2002.

The defining transaction came in June 2015, when Wisconsin Energy completed its $9.1 billion acquisition of Integrys Energy Group and renamed itself WEC Energy Group. Integrys, formed in 2007 through the merger of WPS Resources and Peoples Energy, brought Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities, and Minnesota Energy Resources under one roof. The deal gave the combined company operations in four states and roughly doubled its customer count.

Gale Klappa led the company through the Integrys integration before retiring as CEO in 2016. Allen Leverett served as CEO until 2019, followed by Kevin Fletcher. Scott Lauber, a company veteran who joined in 1990, became president and CEO in February 2022 and was named chairman of the board in May 2026.

The company targets net carbon-neutral electric generation by 2050, aligned with 1.5 degree Celsius pathways. It expects to use coal only as a backup fuel by the end of 2030 and to eliminate coal entirely by the end of 2032.

Since 2018, We Energies and Wisconsin Public Service have retired nearly 2,500 megawatts of fossil-fueled generation, including the Pleasant Prairie, Presque Isle, Pulliam, and Edgewater plants plus Oak Creek Units 5 and 6. CO2 emissions are down about 53 percent from 2005 levels on a net mass basis. Near-term reduction goals were paused in 2026 as tightened Midwest power supply and large-load growth required keeping Oak Creek Units 7 and 8 available through 2027, but the 2032 coal exit and 2050 net-zero targets remain intact.

Peoples Gas carries the company's largest regulatory exposure. Its long-running pipeline replacement program in Chicago has drawn repeated scrutiny from the Illinois Commerce Commission and consumer advocates over cost overruns and bill impacts, with the program's governance and pricing debated in rate cases through the mid-2020s.

Environmental groups have criticized the decision to extend Oak Creek coal units and to build new gas-fired generation, arguing both moves raise customer costs and slow decarbonization. Utility responses have framed the extensions as reliability measures required by tightened Midwest reserve margins.