Company: WELPM
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0000107815-25-000204
Chunk: 119

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 119
---
 Interest cost2.3 2.0 4.7 4.1 Expected return on plan assets(2.7)(2.8)(5.4)(5.5)Amortization of prior service credit(0.1)— (0.1)(0.1)Amortization of net actuarial gain(1.2)(1.4)(2.0)(2.8)Net periodic benefit credit$(0.8)$(1.4)$(1.0)$(2.7)During the six months ended June 30, 2025, we made contributions and payments of $1.5 million related to our pension plans and $0.1 million related to our OPEB plans. During the remainder of 2025, we expect to make contributions and payments of $1.7 million related to our pension plans and $0.2 million related to our OPEB plans, dependent upon various factors affecting us, including our liquidity position and possible tax law changes. Effective January 1, 2023, the PSCW approved escrow accounting for pension and OPEB costs. As of June 30, 2025 and December 31, 2024, our balance sheets included regulatory assets of $3.5 million and $9.9 million, respectively, for pension costs and $13.5 million and $17.8 million, respectively, for OPEB costs. In accordance with our December 2024 PSCW rate order, we began amortizing these regulatory assets in 2025. We continue to utilize escrow accounting for our current pension and OPEB costs. The above tables do not reflect any adjustments for the creation or amortization of these regulatory assets.

NOTE 17—SEGMENT INFORMATION

Our President, who is our CODM, reviews financial information presented on a segment basis for purposes of making operating decisions and assessing performance. The CODM regularly reviews net income attributed to common shareholder to measure segment profitability and to allocate resources, including assets, to our business. Net income attributed to common shareholder best measures our segment profitability as it reflects all revenues and costs, including the impact on our tax provision from tax credits generated through investments in renewable generation facilities. Our CODM allocates resources such as employees as well as financial and capital resources to our segments during the annual review of budgets and the capital plan. Our CODM also reviews and revises the resources throughout the year during the monthly forecasting