Company: WELPM
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000107815-25-000207
Chunk: 61

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 1
Chunk 61
---
.8)(1)(3.6)(2)(0.8)Net amount$6.2 $0.7 $9.8 $0.3 (1)    Includes cash collateral posted of $3.3 million.(2)    Includes cash collateral received of $2.8 million.

NOTE 15—GUARANTEES

As of September 30, 2025, we had $27.5 million of standby letters of credit issued by financial institutions for the benefit of third parties that have extended credit to us, of which $27.4 million automatically renews each year unless proper termination notice is given and $0.1 million expires in less than one year. These amounts are not reflected on our balance sheets.

NOTE 16—EMPLOYEE BENEFITS 

The following tables show the components of net periodic benefit cost (credit) (including amounts capitalized to our balance sheets) for our benefit plans.Pension BenefitsThree Months Ended September 30Nine Months Ended September 30(in millions)2025202420252024Service cost$2.5 $2.6 $7.5 $7.8 Interest cost11.4 11.1 34.2 33.4 Expected return on plan assets(14.6)(15.3)(44.2)(46.1)Amortization of prior service credit(0.1)(0.1)(0.1)(0.1)Amortization of net actuarial loss4.0 4.6 12.0 13.6 Net periodic benefit cost$3.2 $2.9 $9.4 $8.6 

09/30/2025 Form 10-Q18Wisconsin Electric Power Company

OPEB BenefitsThree Months Ended September 30Nine Months Ended September 30(in millions)2025202420252024Service cost$0.8 $0.8 $2.6 $2.4 Interest cost2.3 2.0 7.0 6.1 Expected return on plan assets(2.7)(2.7)(8.1)(8.2)Amortization of prior service credit— — (0.1)(0.1)Amortization of net actuarial gain(0.9)(1.5)(2.9)(4.3)Net periodic benefit credit