Company: WELPM
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000107815-25-000105
Chunk: 94

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 94
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4 vs 20232023 vs 2022Operating revenues$3,979.9 $4,045.0 $4,070.3 $(65.1)$(25.3)Operating expensesCost of sales (1)1,300.3 1,451.4 1,693.3 151.1 241.9 Other operation and maintenance937.9 931.1 831.7 (6.8)(99.4)Depreciation and amortization573.7 525.0 479.7 (48.7)(45.3)Property and revenue taxes106.8 115.3 125.6 8.5 10.3 Operating income1,061.2 1,022.2 940.0 39.0 82.2 Other income, net79.0 68.8 49.4 10.2 19.4 Interest expense489.4 466.5 458.4 (22.9)(8.1)Income before income taxes650.8 624.5 531.0 26.3 93.5 Income tax expense136.4 142.7 133.1 6.3 (9.6)Preferred stock dividend requirements1.2 1.2 1.2 — — Net income attributed to common shareholder$513.2 $480.6 $396.7 $32.6 $83.9 

(1)    Cost of sales includes fuel and purchased power and cost of natural gas sold.

The following table shows a breakdown of other operation and maintenance:

Year Ended December 31B (W)B (W)(in millions)2024202320222024 vs 20232023 vs 2022Operation and maintenance not included in line items below$347.5 $329.1 $357.7 $(18.4)$28.6 Transmission (1)357.7 357.3 275.8 (0.4)(81.5)We Power (2)131.4 141.4 108.1 10.0 (33.3)Regulatory amortizations and other pass through expenses (3)101.1 97.1 69.7 (4.0)(27.4)Earnings sharing mechanism (