Form 8-K · Current Report · Filed 2026-03-02
WEC Energy Group Announces Proposed Illinois Settlement and Updates Investors
WEC Energy Group, Inc. announced a proposed settlement with the Illinois Attorney General for Peoples Gas (PGL) and North Shore Gas (NSG) that could resolve open dockets totaling approximately $2.3 billion, excluding carry costs, if approved by the Illinois Commerce Commission. The settlement includes a $130 million rate base reduction, prospective with new rates in a pending rate case, and cash credits totaling $205 million over three years. WEC also updated investors on its capital investment plans, including a $1 billion increase in its five-year capital plan, and provided financial performance updates, including a 6.7% increase in its annual dividend rate to $3.81 per share, annualized.
- Filer
- WEC Energy Group Inc. WEC · NYSE
- Filed
- Accession
- 0000783325-26-000027
- CIK
- 0000783325
- Signal
- High impactUtilities
- Source
- Official filing on sec.gov ↗
Items reported
Reported Item
Market reaction
Close before filing
$116.96
Next session
-0.7%
Since filing
-5.5%
Latest close
$110.52
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from WEC reporting the same item, with the next session's move:
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.
Never miss another WEC filing
Profitelligence watches EDGAR around the clock and alerts you within seconds.