Company: WELPM
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000107815-25-000207
Chunk: 74

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 1
Chunk 74
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 remediation of manufactured gas plant sites. Accordingly, we have established regulatory assets for costs associated with these sites.We have established the following regulatory assets and reserves for manufactured gas plant sites:(in millions)September 30, 2025December 31, 2024Regulatory assets$10.6 $10.8 Reserves for future environmental remediation (1)10.5 10.6 (1)Recorded within other long-term liabilities on our balance sheets.Coal Combustion Residuals RuleThe EPA finalized a rule for CCR in April 2024 that would apply to landfills, historic fill sites, and projects where CCR was placed at a power plant site. The rule will regulate previously exempt closed landfills. The final rule, which became effective in November 2024, will have an impact on some of our coal ash landfills, requiring additional remediation that is not currently required under the state programs. The rule is being challenged through litigation pending in the D.C. Circuit Court of Appeals. The D.C. Circuit Court of Appeals granted the EPA's request to extend its ongoing abeyance until December 15, 2025. In July 2025, the EPA issued a proposed rule update to extend certain CCR compliance deadlines. A final rulemaking on this issue is anticipated by the end of 2025 with additional proposed changes expected in 2026. We expect the cost of 

09/30/2025 Form 10-Q25Wisconsin Electric Power Company

the additional remediation would be recovered through future rates. See the Federal Deregulatory Actions discussion above for more information regarding potential deregulatory actions regarding this rule.Enforcement and Litigation MattersWe are involved in legal and administrative proceedings before various courts and agencies with respect to matters arising in the ordinary course of business. Although we are unable to predict the outcome of these matters, management believes that appropriate reserves have been established and that final settlement of these actions will not have a material impact on our financial condition or results of operations.

NOTE 20—SUPPLEMENTAL CASH FLOW INFORMATION

The following table provides additional information regarding our statements of cash flows:Nine Months Ended September 30(in millions)20252024Cash paid for interest, net of amount capitalized$334.2 $330.3 Cash paid for income taxes, net26.3 (1)48.6 (2)Significant non-cash investing and financing transactions:Accounts payable related to construction costs154.4