Company: WELPM
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0000107815-25-000204
Chunk: 43

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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 Company Common Shareholder's Equity(in millions)Common StockAdditional Paid In CapitalRetained EarningsTotal Common Shareholder's EquityPreferred StockTotal EquityBalance at December 31, 2023$332.9 $2,552.4 $2,167.8 $5,053.1 $30.4 $5,083.5 Net income attributed to common shareholder— — 134.0 134.0 — 134.0 Payment of dividends to parent— — (60.0)(60.0)— (60.0)Stock-based compensation and other— 0.5 (0.1)0.4 — 0.4 Balance at March 31, 2024$332.9 $2,552.9 $2,241.7 $5,127.5 $30.4 $5,157.9 Net income attributed to common shareholder— — 85.3 85.3 — 85.3 Payment of dividends to parent— — (60.0)(60.0)— (60.0)Stock-based compensation and other— — 0.1 0.1 — 0.1 Balance at June 30, 2024$332.9 $2,552.9 $2,267.1 $5,152.9 $30.4 $5,183.3 

The accompanying Notes to Condensed Consolidated Financial Statements are an integral part of these financial statements.

06/30/2025 Form 10-Q7Wisconsin Electric Power Company

WISCONSIN ELECTRIC POWER COMPANY

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

June 30, 2025

NOTE 1—GENERAL INFORMATION

Wisconsin Electric Power Company serves approximately 1.2 million electric customers and 0.5 million natural gas customers.As used in these notes, the term "financial statements" refers to the condensed consolidated financial statements. This includes the income statements, balance sheets, statements of cash flows, and statements of equity, unless otherwise noted. In this report, when we refer to "the Company," "us," "we," "our," or "ours," we are referring to Wisconsin Electric Power Company and its subsidiary.On our financial statements, we consolidate VIEs of which we are