WEC Energy Group (WEC) Investor presentation summary

Company overview and performance

• Operates with a $36.0 billion market cap, 4.7 million retail customers, and $51.5 billion in assets, holding 60% of American Transmission Company.

• Achieved or exceeded EPS guidance for over 22 consecutive years, with a ~6.7% CAGR in EPS and ~6.9% CAGR in dividends.

• Ranked first in the 2025 E Source Large Business Customer Satisfaction Study.

Growth outlook and capital plan

• Long-term EPS growth targeted at 7.0–8.0% CAGR, with expectations to reach the upper half of guidance starting in 2028.

• Five-year capital plan increased to $37.5 billion, supporting robust investment in renewables, thermal generation, and transmission.

• $12.6 billion allocated to regulated renewables (solar, wind, battery storage) and $7.4 billion to thermal generation and LNG capacity from 2026–2030.

Regional demand and customer initiatives

• Microsoft and Vantage Data Centers driving significant new demand, with 2.6 GW and 1.3 GW forecasted through 2030, respectively.

• Very Large Customer (VLC) tariff designed for customers with 500 MW+ new load, offering fixed ROE and equity ratio terms.

• Sales growth forecasted at 6.0–8.0% for electric and 0.7–1.0% for gas from 2026–2030.