Company: WELPM
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0000107815-25-000204
Chunk: 85

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 85
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1.6 Regulatory amortizations and other pass through expenses (3)64.3 51.9 (12.4)Earnings sharing mechanism(2.6)(0.4)2.2 Total other operation and maintenance$501.9 $479.0 $(22.9)

(1)Represents transmission expense that we are authorized to collect in rates. The PSCW has approved escrow accounting for ATC and MISO network transmission expenses. As a result, we defer as a regulatory asset or liability, the difference between actual transmission costs and those included in rates until recovery or refund is authorized in a future rate proceeding. During the six months ended June 30, 2025 and 2024, $199.9 million and $180.0 million, respectively, of costs were billed to us by transmission providers.

06/30/2025 Form 10-Q34Wisconsin Electric Power Company

(2)Represents costs associated with the We Power generation units, including operating and maintenance costs we recognized. During the six months ended June 30, 2025 and 2024, $60.0 million and $58.8 million, respectively, of costs were billed to or incurred by us related to the We Power generation units, with the difference in costs billed or incurred and expenses recognized, either deferred or deducted from the regulatory asset.

(3)Regulatory amortizations and other pass through expenses are substantially offset in margins and therefore do not have a significant impact on net income. 

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

Six Months Ended June 30MWh (in thousands)Electric Sales Volumes20252024B (W)Customer ClassResidential3,787.6 3,684.3 103.3 Small commercial and industrial4,272.5 4,212.5 60.0 Large commercial and industrial3,162.4 3,161.5 0.9 Other47.4 50.9 (3.5)Total retail11,269.9 11,109.2 160.7 Wholesale 352.9 289.4 63.5 Resale2,327.9 2,418.3 (90.4)Total sales in MWh13,950.7 13,816.9 133.8 

Six Months Ended June 30Therms