Company: WELPM
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0000107815-25-000184
Chunk: 88

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 8
Chunk 88
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 Power CompanyElectric utility$935.3 $846.2 Natural gas utility240.8 187.9 Total revenues from contracts with customers1,176.1 1,034.1 Other operating revenues3.0 4.7 Total operating revenues$1,179.1 $1,038.8 

03/31/2025 Form 10-Q8Wisconsin Electric Power Company

Table of Contents

Revenues from Contracts with CustomersElectric Utility Operating RevenuesThe following table disaggregates electric utility operating revenues into customer class:Three Months Ended March 31(in millions)20252024Residential$401.9 $360.0 Small commercial and industrial306.9 287.5 Large commercial and industrial145.0 134.5 Other5.7 5.6 Total retail revenues859.5 787.6 Wholesale14.1 11.0 Resale48.6 36.5 Steam12.5 10.1 Other utility revenues0.6 1.0 Total electric utility operating revenues$935.3 $846.2 Natural Gas Utility Operating RevenuesThe following table disaggregates natural gas utility operating revenues into customer class:Three Months Ended March 31(in millions)20252024Residential$169.1 $135.9 Commercial and industrial77.9 61.1 Total retail revenues247.0 197.0 Transportation8.0 7.5 Other utility revenues (1)(14.2)(16.6)Total natural gas utility operating revenues$240.8 $187.9 (1)Includes the revenues subject to our purchased gas recovery mechanism, which fluctuate based on actual natural gas costs incurred, compared with the recovery of natural gas costs that were anticipated in rates.Other Operating RevenuesOther operating revenues consist primarily of the following:Three Months Ended March 31(in millions)20252024Late payment charges$3.3 $3.5 Rental revenues0.3 0.3 Alternative revenues (1)(0.6)0.9 Total other operating revenues$3.0 $4.7 

(1)Alternative revenues consist of amounts to be recovered or refunded to customers subject to wholesale true-ups. Negative amounts can result from alternative revenues being reversed to revenues from contracts with customers as the customer is billed for these alternative revenues. For more information