Company: WELPM
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000107815-25-000207
Chunk: 96

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 1
Chunk 96
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 period in 2024. 

•A $217.9 million increase in cash due to lower net repayments of commercial paper during the nine months ended September 30, 2025, compared with the same period in 2024.

These increases in cash were partially offset by:

•A $447.8 million decrease in cash due to lower issuances of long-term debt during the nine months ended September 30, 2025, compared with the same period in 2024.

•A $250.1 million decrease in cash due to higher retirements of long-term debt during the nine months ended September 30, 2025, compared with the same period in 2024.

•A $60.0 million decrease in cash due to higher dividends paid to our parent during the nine months ended September 30, 2025, compared with the same period in 2024, to balance our capital structure.

Other Significant Financing Activities

For more information on our other significant financing activities, see Note 8, Short-Term Debt and Lines of Credit, and Note 9, Long-Term Debt.

Cash Requirements

We require funds to support and grow our business. Our significant cash requirements primarily consist of capital and investment expenditures, payments to retire and pay interest on long-term debt, the payment of common stock dividends to our parent, and the funding of our ongoing operations. See the discussion below and Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations – Liquidity and Capital Resources – Cash Requirements in our 2024 Annual Report on Form 10-K for additional information regarding our significant cash requirements. 

09/30/2025 Form 10-Q42Wisconsin Electric Power Company

Significant Capital Projects

We have several capital projects and acquisitions that will require significant capital expenditures over the next three years and beyond. All projected capital requirements are subject to periodic review and may vary significantly from estimates, depending on a number of factors. These factors include environmental requirements, regulatory restraints and requirements, changes in tax laws and regulations, acquisition and development opportunities, market volatility, economic trends, supply chain disruptions, inflation, and interest rates. Our estimated capital expenditures and acquisitions for the next three years are reflected below. These amounts include anticipated expenditures for environmental compliance and certain remediation issues. For a discussion of certain environmental matters affecting us, see Note 19, Commitments and Contingencies.

(in millions)2025$2,775.5 (1)20263,212.1