Company: WELPM
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0000107815-25-000204
Chunk: 7

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 2
Chunk 7
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 30MWh (in thousands)Electric Sales Volumes20252024B (W)Customer ClassResidential1,832.9 1,816.8 16.1 Small commercial and industrial2,117.4 2,106.7 10.7 Large commercial and industrial1,611.2 1,613.1 (1.9)Other20.2 21.7 (1.5)Total retail5,581.7 5,558.3 23.4 Wholesale 153.0 130.8 22.2 Resale1,315.6 1,194.2 121.4 Total sales in MWh7,050.3 6,883.3 167.0 

Three Months Ended June 30Therms (in millions)Natural Gas Sales Volumes20252024B (W)Customer ClassResidential53.2 42.9 10.3 Commercial and industrial32.7 26.3 6.4 Total retail85.9 69.2 16.7 Transportation56.3 53.6 2.7 Total sales in therms142.2 122.8 19.4 

Three Months Ended June 30Degree DaysWeather (1)20252024B (W)Heating (874 Normal)1,013 631 60.5 %Cooling (182 Normal)176 202 (12.9)%

(1)Normal degree days are based on a 20-year moving average of monthly temperatures from Mitchell International Airport in Milwaukee, Wisconsin.

06/30/2025 Form 10-Q31Wisconsin Electric Power Company

Gross Margin GAAP and Utility Margin Non-GAAP

The following table summarizes our utility segment gross margin (GAAP) and reconciles gross margin (GAAP) to utility margin (non-GAAP). See Non-GAAP Financial Measures above for additional information regarding gross margin (GAAP) and utility margin (non-GAAP).

Three Months Ended June 30(in millions)20252024B (W)Electric revenues$925.5 $835.1 $90.4 Natural gas revenues85.3 66.9 18.4 Operating revenues1,010.8 902.0 108.8 Operating expensesFuel and purchased power(286.4)(254.3)(32