Company: WELPM
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0000107815-25-000204
Chunk: 131

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 131
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. In June 2025, the D.C. Circuit Court of Appeals granted the EPA's request to extend its ongoing abeyance for an additional 60 days. We expect the cost of the additional remediation would be recovered through future rates. See the Federal Deregulatory Actions discussion above for more information regarding potential deregulatory actions regarding this rule.

06/30/2025 Form 10-Q24Wisconsin Electric Power Company

Enforcement and Litigation MattersWe are involved in legal and administrative proceedings before various courts and agencies with respect to matters arising in the ordinary course of business. Although we are unable to predict the outcome of these matters, management believes that appropriate reserves have been established and that final settlement of these actions will not have a material impact on our financial condition or results of operations.

NOTE 20—SUPPLEMENTAL CASH FLOW INFORMATION

Six Months Ended June 30(in millions)20252024Cash paid for interest, net of amount capitalized$246.1 $236.9 Cash paid for income taxes, net (1) 8.2 59.9 Significant non-cash investing and financing transactions:Accounts payable related to construction costs93.2 102.6 Liabilities accrued for software licensing agreements8.8 — (1)    Cash paid for income taxes in 2025 and 2024 was net of $8.9 million related to 2024 and 2025 PTCs and $10.7 million related to 2023 and 2024 PTCs, respectively, that were sold to third parties.Restricted CashThe statements of cash flows include our activity related to cash, cash equivalents, and restricted cash. The following table reconciles the cash, cash equivalents, and restricted cash amounts reported within the balance sheets to the total of these amounts shown on the statements of cash flows:(in millions)June 30, 2025December 31, 2024Cash and cash equivalents$2.1 $0.4 Restricted cash included in other current assets1.4 1.5 Restricted cash included in other long-term assets0.6 0.6 Cash, cash equivalents, and restricted cash$4.1 $2.5 Our restricted cash consisted of cash on deposit in a financial institution that is restricted to satisfy the requirements of a debt agreement at WEPCo Environmental Trust. See Note 18, Variable Interest Entities, for more information.

NOTE 21—REG