WEPCO Enters into New Power Purchase Agreement with NEPB

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The term of the PPA for each unit is 20 years, starting in 2030 and 2033, respectively. The agreement is subject to approval by the Public Service Commission of Wisconsin (PSCW). If approved, the PPA is expected to result in savings for customers compared to the current power purchase agreement, which expires in 2030 and 2033. The PPA may be terminated if PSCW approval is not obtained by January 1, 2028, with an automatic extension to July 1, 2028 if PSCW approval is capable of being obtained and WEPCO is pursuing approval in good faith.

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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.