Beatrice Lang
There are several electric companies operating in Wisconsin, including We Energies, Wisconsin Public Service, and Wisconsin Electric Power Company. We Energies and Wisconsin Public Service are subsidiaries of WEC Energy Group, which is one of the largest electric generation and distribution holding companies in the nation. Wisconsin Electric Power Company is a separate company that offers debt securities to the public. Alliant Energy is another electric company that serves Wisconsin, providing services such as power and light. These companies are related in that they operate in the same industry and provide similar services to customers in Wisconsin, but they may have different ownership structures and serve different geographic areas within the state.
| Characteristics | Values |
|---|---|
| Company Name | Wisconsin Electric Power Company |
| Brand Name | We Energies |
| Parent Company | WEC Energy Group |
| Business | Electric Generation and Distribution |
| Customer Base | 2.3 million+ customers in Wisconsin |
| Other WEC Subsidiaries | Wisconsin Public Service, Peoples Gas, North Shore Gas, Minnesota Energy Resources, Michigan Gas Utilities, Upper Michigan Energy Resources, Bluewater Gas Storage |
| Business Model | Sell debt securities to the public |
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What You'll Learn
WEC Energy Group and its subsidiaries
WEC Energy Group is an American company based in Milwaukee, Wisconsin, that provides electricity and natural gas to 4.4 million customers across four states: Wisconsin, Illinois, Michigan, and Minnesota. It is one of the nation's largest electric generation, distribution, and natural gas delivery holding companies.
The company's principal utilities are We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities, Minnesota Energy Resources, and Upper Michigan Energy Resources. We Energies is the umbrella name for Wisconsin Electric Power and Wisconsin Gas, providing electricity and natural gas to customers in Wisconsin. Wisconsin Public Service delivers electricity and natural gas to over 817,000 customers in Wisconsin. Peoples Gas delivers natural gas to approximately 894,000 customers in Chicago. North Shore Gas serves approximately 165,000 customers in Chicago's northern suburbs. Minnesota Energy Resources serves nearly 254,000 customers in Minnesota. Michigan Gas Utilities provides natural gas to nearly 187,000 customers in Michigan. Upper Michigan Energy Resources delivers electricity and natural gas to more than 42,000 customers in Michigan's Upper Peninsula.
WEC Energy Group also has several other subsidiaries and investments. Bluewater Gas Storage, acquired in 2017, provides natural gas storage and hub services to 1.5 million natural gas customers of We Energies and Wisconsin Public Service. WEC Infrastructure designs, builds, and owns electric generating plants, while We Power, a major subsidiary, owns a growing fleet of renewable generation facilities in states ranging from South Dakota to Texas. Wispark, another subsidiary, focuses on real estate development and investment, including industrial, office, and urban redevelopment projects. The Wisconsin River Power Company is jointly owned by WEC Energy Group (50%) and Alliant Energy (50%).
WEC Energy Group has a long history dating back to 1987 when Wisconsin Electric reorganized as a holding company, Wisconsin Energy Corporation, with several subsidiaries. Over the years, Wisconsin Energy Corporation made various acquisitions and mergers, including Wisconsin Southern Gas Co., ESELCO, and WICOR. In 2014, Wisconsin Energy, a subsidiary of WEC Energy Group, announced the purchase of Integrys Energy Group, the parent company of Peoples Gas, North Shore Gas, and Wisconsin Public Service, for $9.1 billion. This acquisition was completed in 2015.
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We Energies and Wisconsin Public Service
Both companies are actively working towards a more sustainable future. We Energies, for example, is adding more solar power to its energy generation portfolio and Wisconsin Public Service is the largest renewable energy investor in its state. They recognize the importance of clean energy and strive to align their policies and practices with the needs of their stakeholders, including customers, communities, employees, and investors.
As part of the WEC Energy Group family, We Energies and Wisconsin Public Service benefit from combined assets and operational expertise. This enables them to efficiently manage a vast network of electric distribution lines, natural gas distribution and transmission lines, and reliable power capacity to ensure consistent energy delivery to their customers. The companies' shared commitment to reliability and customer care positions them as trusted energy providers in the Midwest.
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Wisconsin Electric Power Company's debt securities
The Wisconsin Electric Power Company is a subsidiary of Wisconsin Energy, which also owns Wisconsin Gas LLC, Edison Sault Electric Company, and W.E. Power, LLC. Wisconsin Electric Power Company may issue and sell debt securities to the public. The company has stated its intention to use the net proceeds from the sale of its debt securities to refinance maturing long-term debt and fund or repay short-term debt incurred to fund its continuing construction program.
The prospectus supplement will describe the proceeds and uses of proceeds from the debt securities, along with the names and compensation of the underwriters, and other important considerations for investors. The specific terms of any debt securities offered will be outlined in a prospectus supplement, including interest rates and payment dates.
It is important to note that investing in the securities of Wisconsin Electric involves risk. The prospectus highlights "Risk Factors" that potential investors should consider before purchasing the debt securities. These risks are outlined in the company's Annual Report on Form 10-K for the year ended December 31, 2006.
As of the date of the prospectus (2007), neither the Securities and Exchange Commission nor any state securities commission had approved or disapproved of these securities. The Wisconsin Electric Power Company urges potential investors to carefully review the prospectus and the applicable prospectus supplement before making any investment decisions.
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$38.24 $44.99
Alliant Energy's customer assistance programs
Alliant Energy provides its customers with several assistance programs. Customers can use the My Account feature to manage their energy usage in one place. This includes tracking energy use, switching to paperless bills, and making online payments. Customers can also view their energy usage over the past 13 months, receive billing and outage notifications, and report power outages.
Alliant Energy also provides assistance for customers facing financial hardship. They can consider assistance options and are encouraged to contact Alliant Energy for help.
In terms of safety, Alliant Energy adds a strong odorant to natural gas to help detect possible leaks. If a leak is suspected, customers are advised to call 1-800-ALLIANT (800-255-4268) immediately. Additionally, Alliant Energy provides information on other emergencies, such as carbon monoxide and power outages, and offers tips to understand energy use, billing, and payment.
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WEC Energy Group's commitment to reliability and customer care
WEC Energy Group is one of the largest electric generation, distribution, and natural gas delivery companies in the United States. The company serves 4.7 million customers in Wisconsin, Illinois, Michigan, and Minnesota.
WEC Energy Group is committed to delivering world-class reliability and customer care. The company's subsidiaries focus on reliable service, customer satisfaction, and shareholder value. They provide energy services to a wide range of customers, from residential to commercial and industrial users, and are dedicated to helping grow and support the communities they serve.
WEC Energy Group's commitment to reliability is evident in its vast infrastructure. The company operates across 72,400 miles of electric distribution lines, 47,000 miles of natural gas distribution and transmission lines, and has a power capacity of 8,150 megawatts. This extensive network ensures that its customers have consistent access to the energy they need.
The company also prioritizes customer care by offering a variety of programs and resources to help customers manage their energy costs. They provide tips on understanding energy use, billing, and payment, as well as simple solutions to save money. Additionally, WEC Energy Group is dedicated to adding more solar power to its energy mix, supporting reliability and sustainability.
While there have been some reviews from former employees mentioning stressful work environments and a lack of work-life balance, especially in the call centers, other reviews mention the great focus on customers and safety, as well as the benefits of working for the company, including pay above average.
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Frequently asked questions
Some electric companies that serve Wisconsin include We Energies, Wisconsin Public Service, and Alliant Energy.
Yes, We Energies also serves Upper Michigan, and Wisconsin Public Service is part of a larger company that serves Illinois, Michigan, and Minnesota. Alliant Energy also serves Iowa.
These companies provide electricity and natural gas to their customers. They also offer assistance and payment plans for customers who are facing financial hardship and have fallen behind on payments.
