Company: WELPM
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0000107815-25-000184
Chunk: 30

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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Preferred StockTotal EquityBalance at December 31, 2024$332.9 $2,703.0 $2,440.9 $5,476.8 $30.4 $5,507.2 Net income attributed to common shareholder— — 196.1 196.1 — 196.1 Payment of dividends to parent— — (60.0)(60.0)— (60.0)Equity contribution from parent— 300.0 — 300.0 — 300.0 Stock-based compensation and other— 0.5 — 0.5 — 0.5 Balance at March 31, 2025$332.9 $3,003.5 $2,577.0 $5,913.4 $30.4 $5,943.8 

Wisconsin Electric Power Company Common Shareholder's Equity(in millions)Common StockAdditional Paid In CapitalRetained EarningsTotal Common Shareholder's EquityPreferred StockTotal EquityBalance at December 31, 2023$332.9 $2,552.4 $2,167.8 $5,053.1 $30.4 $5,083.5 Net income attributed to common shareholder— — 134.0 134.0 — 134.0 Payment of dividends to parent— — (60.0)(60.0)— (60.0)Stock-based compensation and other— 0.5 (0.1)0.4 — 0.4 Balance at March 31, 2024$332.9 $2,552.9 $2,241.7 $5,127.5 $30.4 $5,157.9 

The accompanying Notes to Condensed Consolidated Financial Statements are an integral part of these financial statements.

03/31/2025 Form 10-Q7Wisconsin Electric Power Company

WISCONSIN ELECTRIC POWER COMPANY

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

March 31, 2025

NOTE 1—GENERAL INFORMATION

Wisconsin Electric Power Company serves approximately 1.2 million electric customers and 0.5 million natural gas customers.As used in these notes, the term "financial statements" refers to