Company: WELPM
Filing Date: 2025-03-27
Form Type: DEF 14C
Source: 0000107815-25-000155
Chunk: 145

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-03-27
Form: DEF 14C
Chunk 145
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 any regulated subsidiary of WEC Energy Group to another regulated subsidiary or WBS are provided at cost, and any services provided by a regulated subsidiary to a nonregulated subsidiary of WEC Energy Group are provided at the greater of cost or fair market value.

We pay ATC for transmission and other related services it provides. In addition, we provide a variety of operational, maintenance, and project management work for ATC, which is reimbursed by ATC. Services are billed to and from ATC under agreements approved by the PSCW, at each of our fully allocated costs. We are also required to initially fund the construction of transmission infrastructure upgrades needed for new generation projects. ATC owns these transmission assets and reimburses us for these costs when the new generation is placed in service.

Our balance sheets included the following receivables and payables for services provided to or received from ATC:

|                                                                  | (in millions) |   | December 31, 2024 |     |   | December 31, 2023 |
|:-----------------------------------------------------------------|:--------------|:--|------------------:|:----|:--|------------------:|
| Accounts receivable                                              |               |   |                   |     |   |                   |
| Services provided to ATC                                         |               | $ |               0.9 |     | $ |               0.9 |
| Amounts due from ATC for transmission infrastructure upgrades(1) |               |   |              39.3 |     |   |              39.5 |
| Accounts payable                                                 |               |   |                   |     |   |                   |
| Services received from ATC                                       |               |   |              22.6 |     |   |              36.7 |

(1) The transmission infrastructure upgrades were primarily related to the construction of our renewable energy projects.

| Wisconsin Electric Power Company |     | B-39 |     | 2024 Annual Financial Statements |

The following table shows activity associated with our related party transactions for the years ended December 31:

| (in millions)                                                   
 Transactions with WPS                                           |     | 2024 |       |     | 2023 |       |     | 2022 |       |
|:----------------------------------------------------------------|:----|:-----|------:|:----|:-----|------:|:----|:-----|------:|
| Natural gas related purchases from WPS(1)                       |     | $    |   1.0 |