Company: WELPM
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0000107815-25-000204
Chunk: 86

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 86
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 (in millions)Natural Gas Sales Volumes20252024B (W)Customer ClassResidential239.0 198.3 40.7 Commercial and industrial136.9 113.0 23.9 Total retail375.9 311.3 64.6 Transportation141.5 131.3 10.2 Total sales in therms517.4 442.6 74.8 

Six Months Ended June 30Degree DaysWeather (1)20252024B (W)Heating (4,088 Normal)4,296 3,332 28.9 %Cooling (182 Normal)176 202 (12.9)%

(1)Normal degree days are based on a 20-year moving average of monthly temperatures from Mitchell International Airport in Milwaukee, Wisconsin.

06/30/2025 Form 10-Q35Wisconsin Electric Power Company

Gross Margin GAAP and Utility Margin Non-GAAP

The following table summarizes our utility segment gross margin (GAAP) and reconciles gross margin (GAAP) to utility margin (non-GAAP). See Non-GAAP Financial Measures above for additional information regarding gross margin (GAAP) and utility margin (non-GAAP).

Six Months Ended June 30(in millions)20252024B (W)Electric revenues$1,863.3 $1,685.5 $177.8 Natural gas revenues326.6 255.3 71.3 Operating revenues2,189.9 1,940.8 249.1 Operating expensesFuel and purchased power(562.6)(508.6)(54.0)Cost of natural gas sold(163.3)(123.5)(39.8)Other operation and maintenance (1)(385.7)(376.8)(8.9)Depreciation and amortization(307.2)(281.6)(25.6)Property and revenue taxes(60.5)(60.1)(0.4)Gross margin (GAAP)710.6 590.2 120.4 Other operation and maintenance (1)385.7 376.8 8.9 Depreciation and amortization307.2 281.6 25.6 Property and revenue taxes60.5 60.1 0.4 Utility margin (non-GAAP)$1,464.0 $1,308.