Company: WELPM
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0000107815-25-000184
Chunk: 63

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 63
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2)Earnings sharing mechanism(0.8)(0.2)0.6 Total other operation and maintenance$252.1 $241.6 $(10.5)

(1)Represents transmission expense that we are authorized to collect in rates. The PSCW has approved escrow accounting for ATC and MISO network transmission expenses. As a result, we defer as a regulatory asset or liability, the difference between actual transmission costs and those included in rates until recovery or refund is authorized in a future rate proceeding. During the first quarter of 2025 and 2024, $95.6 million and $89.2 million, respectively, of costs were billed to us by transmission providers. 

(2)Represents costs associated with the We Power generation units, including operating and maintenance costs we recognized. During the first quarter of 2025 and 2024, $27.1 million and $29.5 million, respectively, of costs were billed to or incurred by us related to the We Power generation units, with the difference in costs billed or incurred and expenses recognized, either deferred or deducted from the regulatory asset.

(3)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