WEC Energy Group Inc.
Michael Hooper Appointed as President of Wisconsin Utilities
Summary
On March 7, 2024, WEC Energy Group, Inc. announced the appointment of Michael Hooper as President of Wisconsin Utilities, effective April 1, 2024. Mr. Hooper, previously President of Northern Indiana Public Service Company, will oversee Wisconsin Electric Power Company, Wisconsin Gas LLC, and Wisconsin Public Service Corporation. His compensation package includes a base salary of $650,000, participation in short-term and long-term incentive plans, and eligibility for the Company's 401(k) Plan and Executive Deferred Compensation Plan. The Company will also contribute $300,000 annually to his EDCP account, invested in WEC Energy Group common stock.
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About WEC Energy Group Inc.
WEC Energy Group Inc. is a prominent utility holding company engaging in electric and natural gas distribution and energy services across multiple U.S. states, including Wisconsin and Illinois. Established as a leader in the energy sector, its core function is to provide reliable and cost-effective energy solutions to both residential and commercial customers. The company's operations span electric generation, natural gas distribution, and energy infrastructure development, highlighting its commitment to maintaining a secure and efficient energy grid. WEC Energy Group is recognized for its strategic emphasis on sustainable practices, investing heavily in renewable energy sources such as wind and solar power, thus reducing its carbon footprint and enhancing environmental stewardship. In the broader market, WEC Energy Group Inc. plays a critical role by ensuring energy security and sustainability, pivotal in supporting economic growth and quality of life in the regions it serves. Its widespread utilities influence makes it a key player in regional economic frameworks and in the ongoing transition towards cleaner energy productions.
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