Company: WELPM
Filing Date: 2025-03-27
Form Type: DEF 14C
Source: 0000107815-25-000155
Chunk: 95

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-03-27
Form: DEF 14C
Chunk 95
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 included in rates until recovery or refund is authorized in a future rate proceeding.

| Wisconsin Electric Power Company |     | B-11 |     | 2024 Annual Financial Statements |

(4) Represents operation and maintenance associated with the earnings sharing mechanism we have in place. In 2024, earnings sharing was reduced by the impact of the deferral of amounts collected in rates related to Badger Hollow II prior to its in-service date, which was delayed, as approved by the PSCW in the Wisconsin limited rate case reopener effective January 1, 2024. See Note 24, Regulatory Environment, for more information.

The following tables provide information on delivered sales volumes by customer class and weather statistics:

|                                            |     | Year Ended December 31 |          |     |      |          |     |      |          |     |              |        |     |              |         |
|:-------------------------------------------|:----|-----------------------:|---------:|:----|-----:|---------:|:----|-----:|---------:|:----|:-------------|-------:|:----|:-------------|--------:|
|                                            |     |                        |          |     |      |          |     |      |          |     | B (W)        |        |     | B (W)        |         |
| Electric Sales Volumes(MWh - in thousands) |     |                   2024 |          |     | 2023 |          |     | 2022 |          |     | 2024 vs 2023 |        |     | 2023 vs 2022 |         |
| Customer class                             |     |                        |          |     |      |          |     |      |          |     |              |        |     |              |         |
| Residential                                |     |                        |  7,861.1 |     |      |  7,791.0 |     |      |  8,099.8 |     |              |   70.1 |     |              |  -308.8 |
| Small commercial and industrial            |     |                        |  8,630.2 |     |      |  8,545.1 |     |      |  8,655.9 |     |              |   85.1 |     |              |  -110.8 |
| Large commercial and industrial            |     |                        |  6,497.5 |