WEC Energy Group (WEC) investor relations material

Financial performance and growth

• Achieved or exceeded EPS guidance for over two decades, with a 6.7% CAGR in EPS and 6.9% CAGR in dividends from 2015 to 2026 guidance midpoint.

• 22 consecutive years of meeting or surpassing top-end earnings guidance on an adjusted basis.

• Long-term EPS growth outlook of 7.0–8.0% CAGR, expecting to be at the upper half of guidance starting in 2028.

• Dividend raised by 6.7% in 2026, marking the 23rd consecutive year of increases, with a target payout ratio of 65–70%.

• Included in S&P's High Yield Dividend Aristocrats Index, reflecting top-decile dividend growth.

Strategic initiatives and capital investments

• Largest five-year capital plan in company history: $37.5 billion projected spend from 2026–2030, supporting 7.0–8.0% long-term EPS growth.

• $12.6 billion allocated to regulated renewables (solar, wind, battery storage) and $7.4 billion to thermal generation and LNG capacity.

• $4.1 billion planned for electric transmission investment (ATC) from 2026–2030.

• Major infrastructure projects include Oak Creek site construction (1,100 MW CTs, 2 Bcf LNG storage) and multiple solar and battery projects.

• Committed to retiring coal generation by 2032 and achieving net carbon neutral electric generation by 2050.

Regulatory and customer developments

• Wisconsin Very Large Customer (VLC) tariff approved, offering tailored terms for customers with 100 MW+ new load and protecting other customers.

• Wisconsin and Illinois rate reviews propose moderate base rate increases for 2027–2028, with updated ROE and equity ratios.

• Illinois Rider settlement resolves $2.3 billion in open dockets, including infrastructure and uncollectible expense riders.

• Point Beach PPA extended with NextEra, securing ~1 GW of carbon-free capacity through 2050–2053, expected to save customers money.