Company: WELPM
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0000107815-25-000184
Chunk: 7

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 2
Chunk 7
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)Regulatory amortizations and other pass through expenses are substantially offset in margins and therefore do not have a significant impact on net income.

03/31/2025 Form 10-Q29Wisconsin Electric Power Company

The following tables provide information on delivered sales volumes by customer class and weather statistics:

Three Months Ended March 31MWh (in thousands)Electric Sales Volumes20252024B (W)Customer ClassResidential1,954.7 1,867.5 87.2 Small commercial and industrial2,155.1 2,105.8 49.3 Large commercial and industrial1,551.2 1,548.4 2.8 Other27.2 29.2 (2.0)Total retail5,688.2 5,550.9 137.3 Wholesale 199.9 158.6 41.3 Resale1,012.3 1,224.1 (211.8)Total sales in MWh6,900.4 6,933.6 (33.2)

Three Months Ended March 31Therms (in millions)Natural Gas Sales Volumes20252024B (W)Customer ClassResidential185.8 155.4 30.4 Commercial and industrial104.2 86.7 17.5 Total retail290.0 242.1 47.9 Transportation85.2 77.7 7.5 Total sales in therms375.2 319.8 55.4 

Three Months Ended March 31Degree DaysWeather (1)20252024B (W)Heating (3,214 Normal)3,283 2,701 21.5 %

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

03/31/2025 Form 10-Q30Wisconsin 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 March 31(in millions)20252024B (W)Electric revenues$937.8 $850.4