Company: WELPM
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000107815-25-000207
Chunk: 47

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 1
Chunk 47
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 below, met the criteria of an asset acquisition.Acquisition of Electric Generation Facility in WisconsinIn May 2024, we completed the acquisition of 100 MWs of West Riverside's nameplate capacity for $97.9 million. West Riverside is a commercially operational dual-fueled combined-cycle generation facility in Beloit, Wisconsin. Prior to the acquisition, WPS received approval to transfer its ownership interest rights to us. Including this acquisition, we own 200 MWs, or 27.5%, of West Riverside at a total cost of $193.2 million.

09/30/2025 Form 10-Q8Wisconsin Electric Power Company

NOTE 3—OPERATING REVENUES

For more information about our operating revenues, see Note 1(d), Operating Revenues, in our 2024 Annual Report on Form 10-K.Disaggregation of Operating RevenuesThe following tables present our operating revenues disaggregated by revenue source for our utility segment. We do not have any revenues associated with our other segment. We disaggregate revenues into categories that depict how the nature, amount, timing, and uncertainty of revenues and cash flows are affected by economic factors. Revenues are further disaggregated by electric and natural gas operations and then by customer class. Each customer class within our electric and natural gas operations has different expectations of service, energy and demand requirements, and can be impacted differently by regulatory activities within their jurisdictions.Three Months Ended September 30Nine Months Ended September 30(in millions)2025202420252024Wisconsin Electric Power CompanyElectric utility$1,146.7 $1,028.6 $3,003.3 $2,706.2 Natural gas utility53.2 48.2 378.8 302.6 Total revenues from contracts with customers1,199.9 1,076.8 3,382.1 3,008.8 Other operating revenues2.0 2.5 9.7 11.3 Total operating revenues$1,201.9 $1,079.3 $3,391.8 $3,020.1 Revenues from Contracts with CustomersElectric Utility Operating RevenuesThe following table disaggregates electric utility operating revenues into customer class:Three Months Ended September 30Nine Months Ended September 30(in millions)2025202420252024Residential$501.3 $454.7 $1,285.6 $1