WEC Energy Group, Inc. (WEC) Stock

WEC Energy Group, Inc., operating through its subsidiaries, is a prominent provider of regulated natural gas and electricity, alongside renewable energy services across the United States.

The company operates through six distinct segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other. It boasts a diverse energy generation portfolio encompassing coal, natural gas, oil, hydroelectric, wind, solar, and biomass sources. In addition to generating electricity, WEC Energy Group engages in electric transmission, retail natural gas distribution, natural gas transportation, and steam generation.

As of December 31, 2021, WEC Energy Group managed an extensive infrastructure that included approximately 35,800 miles of overhead distribution lines, 35,600 miles of underground distribution cables, and substantial natural gas distribution and transmission capabilities. This infrastructure supports a broad customer base ranging from residential to commercial and industrial sectors. Founded in 1981 and headquartered in Milwaukee, Wisconsin, the company was formerly known as Wisconsin Energy Corporation before rebranding as WEC Energy Group, Inc. in June 2015. WEC Energy Group remains committed to delivering reliable energy solutions while advancing its renewable energy initiatives to meet the evolving needs of its customers and communities.