Company: WELPM
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0000107815-25-000204
Chunk: 79

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 79
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3 279.9 (46.4)Other operation and maintenance249.8 237.4 (12.4)Depreciation and amortization156.3 142.0 (14.3)Property and revenue taxes29.6 29.3 (0.3)Operating income248.8 213.4 35.4 Other income, net12.3 16.2 (3.9)Interest expense121.3 120.4 (0.9)Income before income taxes139.8 109.2 30.6 Income tax expense21.0 23.6 2.6 Preferred stock dividend requirements0.3 0.3 — Net income attributed to common shareholder$118.5 $85.3 $33.2 

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

06/30/2025 Form 10-Q30Wisconsin Electric Power Company

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

Three Months Ended June 30(in millions)20252024B (W)Operation and maintenance not included in line items below$91.1 $89.6 $(1.5)Transmission (1)94.4 89.5 (4.9)We Power (2)32.5 33.1 0.6 Regulatory amortizations and other pass through expenses (3)33.6 25.4 (8.2)Earnings sharing mechanism(1.8)(0.2)1.6 Total other operation and maintenance$249.8 $237.4 $(12.4)

(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 second quarter of 2025 and 2024, $104.3 million and $90.8 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 second quarter of 2025 and 2024, $32.9 million