WEC Energy Group (ASX: WEC) — Company Overview, News & Financial Data
WEC Energy Group focuses on electricity and natural gas generation while investing in renewable energy and enhancing efficiency.
WEC WEC Energy Group
Company profile
WEC Energy Group
WEC Energy Group is a major electric and natural gas holding company headquartered in Milwaukee, Wisconsin. The company provides electric and natural gas service to residential, commercial, and industrial customers across Wisconsin, Illinois, Michigan, and Minnesota through a portfolio of utility subsidiaries. WEC Energy Group operates power generation facilities using natural gas, coal, hydro, wind, and solar resources, while maintaining energy storage assets and high-pressure gas distribution infrastructure across its service territories in the Upper Midwest region.
Snapshot
Public USOwnership
1896Year founded
5,001–10,000Employees
Milwaukee, United StatesHead office
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Global footprint
Operations
Products and/or services of WEC Energy Group
- Electric Utility Services: Provision and distribution of retail electricity to residential, commercial, and industrial customers across upper Midwest utility service territories, supported by extensive distribution grids, sub-stations, and high-voltage power transmission interconnections.
- Gas Utility Services: Distribution and retail supply of regulated natural gas, maintaining extensive underground pipeline networks and metering infrastructure serving residential, commercial, and industrial end-users across several central Midwestern states.
- Renewable Energy Generation: Operation and development of utility-scale wind farms, solar generation facilities, and integrated battery storage systems designed to supply clean, zero-emissions electricity to wholesale grid operators and retail distribution networks.
- Thermal Power Facilities: Operation of utility-scale natural gas-fired and dual-fuel power generation plants, delivering reliable dispatchable baseload and peaking capacity to maintain electric grid stability and satisfy peak energy demand.
- Wholesale Gas Storage: Management of high-capacity underground natural gas storage facilities and high-pressure transmission interconnections that balance seasonal demand spikes, optimize supply procurement, and support energy network reliability across the region.
- Contracted Infrastructure Investments: Development and ownership of non-utility energy infrastructure projects, including long-term power purchase agreement contracted solar and wind assets, utility grid modernization projects, and strategic industrial real estate development.
WEC Energy Group executive team
- Mr. Scott J. Lauber CPAPresident, CEO & Director
- Ms. Xia Liu C.F.A.Executive VP & CFO
- Mr. Michael W. HooperExecutive VP, COO and President of We Energies & Wisconsin Public Service
- Ms. Margaret C. KelseyEVP, General Counsel, Corporate Secretary & Compliance Officer
- Mr. Robert M. Garvin J.D.Executive Vice President of External Affairs
- Mr. William J. GucVP, Controller & Principal Accounting Officer
- Ms. Molly A. MulroyExecutive VP & Chief Administrative Officer
- Ms. Mary Beth Straka CPASenior Vice President of Corporate Communications & Investor Relations
- Mr. James A. SchubilskeVP & Chief Audit Officer
- Mr. Daniel P. KruegerExecutive Vice President of WEC Infrastructure & Generation Planning