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WEC Energy Group

Company Summary

Description

WEC Energy Group (WEC) is a leading Midwest electric and natural gas delivery company serving 4.4 million customers in Wisconsin, Illinois, Michigan and Minnesota. The company also maintains a majority ownership in American Transmission Co., a federally regulated electric transmission company. WEC focuses on reliable service, customer satisfaction and shareholder value.

Website

http://www.wecenergygroup.com/invest/investor.htm

Related Entities

Recent news

  • 4/5/2023 - ALLETE Clean Energy... (subscriber access)
  • 2/7/2023 - WEC Energy Group... (subscriber access)
  • 2/2/2023 - WEC Energy Reports Net... (subscriber access)
  • 2/2/2023 - WEC Energy Updates... (subscriber access)
  • 2/2/2023 - WEC Energy Increases... (subscriber access)

Investor Presentations

Company Transactions

Date: 12/31/2021
Type: Acquisition

BUYERS:
  • WEC Energy Group
    • SELLERS:
  • Apex Clean Energy
  • Invenergy
    • PROJECTS:
  • Jayhawk Wind Farm
    • DETAILS:

    COST: 302 $MM

    VOLUMES: 190 MW

    NOTES:
    WEC Energy Group has entered into a $302 million deal to acquire a 90% stake in the 190 MW Jayhawk Wind Farm in Bourbon and Crawford Counties, Kansas. APEX Clean Energy is developing the project and Invenergy will own the remaining 10% stake once it's online in late-2021.
    REGIONS:
  • Midcontinent

    • Date: 7/28/2020
    Type: Acquisition

    BUYERS:
  • WEC Energy Group
    • SELLERS:
  • Avangrid Renewables, LLC
    • PROJECTS:
  • Tatanka Ridge Wind Farm
    • DETAILS:

    COST: 235 $MM

    NOTES:
    WEC Energy has reached a deal to acquire an 85% stake in the 155-MW Tatanka Ridge Wind Farm in Deuel County, South Dakota. The asset is currently under construction and the investment will total $235 million for WEC. Completion is on pace for early 2021 and its being developed by Avangrid.
    REGIONS:
  • Rockies

    • Date: 2/19/2020
    Type: Acquisition

    BUYERS:
  • WEC Energy Group
    • ASSETS:
  • Upstream Wind Energy Center
    • PROJECTS:
  • Blooming Grove Wind Farm
  • Thunderhead Wind Energy Center
    • DETAILS:

    COST: 118 $MM

    VOLUMES: 75 MW

    NOTES:
    WEC Energy Group has boosted its ownership interest in three Midwest wind farms from 80% to 90%. This cost $118 million for the 10% stake in Blooming Grove Wind Farm, Thunderhead Wind Energy Center and the Upstream Wind Energy Center.
    REGIONS:
  • Midwest

    • Date: 1/27/2020
    Type: Acquisition

    BUYERS:
  • WEC Energy Group
    • SELLERS:
  • Invenergy
    • PROJECTS:
  • Blooming Grove Wind Farm
    • DETAILS:

    COST: 345 $MM

    VOLUMES: 250 MW

    NOTES:
    WEC Energy Group has entered into a deal to acquire an 80% stake in the 250-MW Blooming Grove Wind Farm in McLean County, Illinois from Invenergy. The facility is expected online in late-2020 and the investment costs WEC $345 million.
    REGIONS:
  • Midwest

    • Date: 11/30/2019
    Type: Acquisition

    BUYERS:
  • WEC Energy Group
    • PROJECTS:
  • Thunderhead Wind Energy Center
    • DETAILS:

    COST: 338 $MM

    VOLUMES: 80 Percent

    NOTES:
    WEC Energy has agreed to acquire an 80% ownership interest in the 300 MW Thunderhead Wind Energy Center in Antelope and Wheeler counties, Nebraska for $338 million.

    Date: 1/8/2019
    Type: Acquisition

    BUYERS:
  • WEC Energy Group
    • SELLERS:
  • Avangrid Inc
    • PROJECTS:
  • Coyote Ridge Wind Farm
    • DETAILS:

    COST: 145 $MM

    NOTES:
    WEC Energy Group acquired 80% ownership interest in Coyote Ridge Wind Farm for $145 million.

    Date: 6/28/2018
    Type: Acquisition

    BUYERS:
  • WEC Energy Group
    • SELLERS:
  • Invenergy LLC
    • ASSETS:
  • Bishop Hill III Wind Energy Center
    • DETAILS:

    COST: 148 $MM

    VOLUMES: 132 MW

    NOTES:
    WEC Energy Group has entered into a deal to acquire an 80% stake in the Bishop Hill III Wind Energy Center located in Illinois for $148 million.
    REGIONS:
  • Midwest