Company: WELPM
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0000107815-25-000184
Chunk: 91

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 8
Chunk 91
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 assets and liabilities were reflected on our balance sheets at March 31, 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)March 31, 2025December 31, 2024Regulatory assetsWe Power finance leases$1,144.9 $1,139.1 Plant retirement related items670.0 655.1 Income tax related items371.8 364.6 Pension and OPEB costs333.9 343.1 Uncollectible expense102.4 108.4 System support resource100.4 102.9 Securitization74.3 76.5 Asset retirement obligations54.4 52.8 Bluewater Natural Gas Holding, LLC20.1 21.1 Other, net79.1 82.7 Total regulatory assets$2,951.3 $2,946.3 (in millions)March 31, 2025December 31, 2024Regulatory liabilitiesRemoval costs $821.6 $809.2 Income tax related items654.4 653.9 Pension and OPEB benefits116.1 118.5 Energy costs refundable through rate adjustments96.8 70.7 Revenue requirements of renewable generation facilities36.4 37.9 Derivatives34.4 13.3 Electric transmission costs16.2 19.7 Other, net44.5 39.6 Total regulatory liabilities$1,820.4 $1,762.8 Balance sheet presentationOther current liabilities$18.6 $4.0 Regulatory liabilities1,801.8 1,758.8 Total regulatory liabilities$1,820.4 $1,762.8 

NOTE 5—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. OCPP Units 7 and 8 are