Company: WELPM
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0000107815-25-000204
Chunk: 46

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 46
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9 323.0 248.9 Transportation5.1 5.2 13.1 12.7 Other utility revenues (1)3.7 9.4 (10.5)(7.2)Total natural gas utility operating revenues$84.8 $66.5 $325.6 $254.4 (1)Includes the revenues subject to our purchased gas recovery mechanism, which fluctuate based on actual natural gas costs incurred, compared with the recovery of natural gas costs that were anticipated in rates.

06/30/2025 Form 10-Q9Wisconsin Electric Power Company

Other Operating RevenuesOther operating revenues consist primarily of the following:Three Months Ended June 30Six Months Ended June 30(in millions)2025202420252024Late payment charges$2.9 $2.9 $6.2 $6.4 Rental revenues1.5 1.8 1.8 2.1 Alternative revenues (1)0.3 (0.6)(0.3)0.3 Total other operating revenues$4.7 $4.1 $7.7 $8.8 

(1)Alternative revenues consist of amounts to be recovered or refunded to customers subject to wholesale true-ups. Negative amounts can result from alternative revenues being reversed to revenues from contracts with customers as the customer is billed for these alternative revenues. For more information about our alternative revenues, see Note 1(d), Operating Revenues, in our 2024 Annual Report on Form 10-K. 

NOTE 4—CREDIT LOSSES

Our exposure to credit losses is related to our accounts receivable and unbilled revenue balances, which are generated from the sale of electricity and natural gas by our regulated utility operations. Our regulated utility operations are included in our utility segment. No accounts receivable and unbilled revenue balances were reported in the other segment at June 30, 2025 and December 31, 2024.We evaluate the collectability of our accounts receivable and unbilled revenue balances considering a combination of factors. For some of our larger customers and also in circumstances where we become aware of a specific customer's inability to meet its financial obligations to us, we record a specific allowance for credit losses against amounts due in order to reduce the net recognized receivable to the amount we reasonably believe will be collected. For all other customers, we use the accounts receivable aging method