January 26, 2015 8:37 AM ET

Electric Utilities

Company Overview of Wisconsin Electric Power Company

Company Overview

Wisconsin Electric Power Company operates as an electric, natural gas, and steam utility company in the United States. It operates through three segments: Electric Utility, Natural Gas Utility, and Steam Utility. The Electric Utility segment generates, distributes, and sells electric energy in southeastern, east central and northern Wisconsin, and in the upper peninsula of Michigan. The Natural Gas Utility segment purchases, distributes, and sells natural gas to retail customers, as well as transports customer-owned natural gas in southeastern, east central, and northern Wisconsin. The Steam Utility segment produces, distributes, and sells steam to space heating and processing customers in t...

231 West Michigan Street

PO Box 2046

Milwaukee, WI 53201

United States

Founded in 1896

3,893 Employees

Phone:

414-221-2345

Key Executives for Wisconsin Electric Power Company

Chairman of the Board
Age: 63
Chief Financial Officer and Executive Vice President
Age: 48
Executive Vice President
Age: 61
Executive Vice President
Age: 47
Senior Vice President of External Affairs
Age: 47
Compensation as of Fiscal Year 2014.

Wisconsin Electric Power Company Key Developments

We Energies Eyes Wisconsin Public

The parent of Wisconsin Electric Power Company (We Energies) intends to acquire Wisconsin Public Service Corporation.

Wisconsin Electric Power Company Declares Quarterly Dividends Preferred Shares, Payable on December 1, 2014 and January 31, 2015, Respectively

The Wisconsin Electric board of directors declared a quarterly dividend of 90 cents a share on the Preferred Stock, 3.60% Series, payable on Dec. 1, 2014, to stockholders of record on Nov. 14, 2014. The board also declared a quarterly dividend of $1.50 a share on the 6% Preferred Stock payable on Jan. 31, 2015, to stockholders of record on Jan. 14, 2015.

We Energies Plans $62 Million Coal Storage Expansion in Oak Creek

We Energies planned to spend $62 million expanding its outdoor coal storage capacity and related facilities for its Oak Creek plants. The project is designed to allow for a more reliable source of coal when inventories run low. The company's Oak Creek plants' storage capacity is low compared with other similar plants around the state and a plant in Missouri that has the same capacity. We Energies estimate the on-site facility will provide a net annual benefit of between $9 million and $12 million in fuel costs paid by customers. The project is on the Oak Creek Plan Commission's agenda. The commission is scheduled to review the site and building plans. Once the Oak Creek Plan Commission approves the project, We Energies will seek approvals from the Wisconsin Public Service Commission and Wisconsin Department of Natural Resources, according to material the company submitted to the plan commission. We Energies propose expanding the site of its bulk material handling from 15 acres to 30 acres and adding new equipment. The project will require relocating the northern-most American Transmission Co. electric transmission line on the property. The coal storage complex is at the company's Elm Road generating station at 10770 and 11060 S. Chicago Road.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 13, 2015
Wisconsin Electric Power Company, Michigan Electric Distribution Assets and Presque Isle Power Plant
 

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