Company: WELPM
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0000107815-25-000204
Chunk: 49

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 49
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 2025 and December 31, 2024. For more information on our regulatory assets and liabilities, see Note 7, Regulatory Assets and Liabilities, in our 2024 Annual Report on Form 10-K.(in millions)June 30, 2025December 31, 2024Regulatory assetsWe Power finance leases$1,150.1 $1,139.1 Plant retirement related items654.7 655.1 Income tax related items389.0 364.6 Pension and OPEB costs323.5 343.1 Uncollectible expense100.4 108.4 System support resource97.8 102.9 Securitization72.2 76.5 Asset retirement obligations56.3 52.8 Bluewater Natural Gas Holding, LLC18.1 21.1 Other, net78.4 82.7 Total regulatory assets$2,940.5 $2,946.3 

06/30/2025 Form 10-Q11Wisconsin Electric Power Company

(in millions)June 30, 2025December 31, 2024Regulatory liabilitiesRemoval costs $834.3 $809.2 Income tax related items658.5 653.9 Pension and OPEB benefits113.6 118.5 Energy costs refundable through rate adjustments107.8 70.7 Revenue requirements of renewable generation facilities27.6 37.9 Electric transmission costs3.9 19.7 Other, net54.7 52.9 Total regulatory liabilities$1,800.4 $1,762.8 Balance sheet presentationOther current liabilities$14.9 $4.0 Regulatory liabilities1,785.5 1,758.8 Total regulatory liabilities$1,800.4 $1,762.8 

NOTE 6—PROPERTY, PLANT, AND EQUIPMENT

Plant to be RetiredOak Creek Power Plant Units 7-8As a result of a PSCW approval in December 2022 for the acquisition and construction of Darien, the retirement of OCPP Units 7 and 8 became probable. Subsequently, we have received PSCW approval for several other renewable and other projects and have also acquired additional projects. On June 25, 2025, we announced plans to extend the lives