Company: WELPM
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0000107815-25-000184
Chunk: 120

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 8
Chunk 120
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 41.3 Resale1,012.3 1,224.1 (211.8)Total sales in MWh6,900.4 6,933.6 (33.2)

Three Months Ended March 31Therms (in millions)Natural Gas Sales Volumes20252024B (W)Customer ClassResidential185.8 155.4 30.4 Commercial and industrial104.2 86.7 17.5 Total retail290.0 242.1 47.9 Transportation85.2 77.7 7.5 Total sales in therms375.2 319.8 55.4 

Three Months Ended March 31Degree DaysWeather (1)20252024B (W)Heating (3,214 Normal)3,283 2,701 21.5 %

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

03/31/2025 Form 10-Q30Wisconsin 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).

Three Months Ended March 31(in millions)20252024B (W)Electric revenues$937.8 $850.4 $87.4 Natural gas revenues241.3 188.4 52.9 Operating revenues1,179.1 1,038.8 140.3 Operating expensesFuel and purchased power(276.2)(254.3)(21.9)Cost of natural gas sold(123.4)(97.9)(25.5)Other operation and maintenance (1)(189.3)(187.7)(1.6)Depreciation and amortization(150.9)(139.6)(11.3)Property and revenue taxes(30.9)(30.8)(0.1)Gross margin (GAAP)408.4 328.5 79.9 Other operation and maintenance (1)189.3 187.7 1.6 Depreciation and amortization150.9 139.6 11.3