WEC ENERGY GROUP, INC. — Form 8-K
Filed August 3, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 48/100
What the filing says
WEC Energy filed for rate increases across Wisconsin (4.7%–6.8% electric, 0.3%–4.9% gas) and Illinois (Peoples Gas $201.3M, North Shore Gas $12.7M), with decisions expected Q4 2026. The company approved a Wisconsin Very Large Customer tariff for customers with ≥100 MW load at fixed 10.48%–10.98% ROE. Capital plan rises to $37.5B (2026–2030), driven by Microsoft's $20B+ data center investment (2.6 GW demand through 2030) and Vantage/Oracle's $15B Port Washington facility (1.3 GW through 2030). Illinois Rider settlement approved May 2026 ($2.3B total, including $75M + $50M cash credits over 3 years). 2026 EPS guidance: $5.51–$5.61; long-term growth 7.0%–8.0% CAGR.
Why this rating
Data center demand drives material capex ($37.5B) and long-term growth; rate cases routine for utilities; settlement positive but largely resolved; moderate relative to $33.5B market cap.
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