Company: WELPM
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000107815-25-000207
Chunk: 98

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 1
Chunk 98
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116 million2028PWGS Turbine Upgrade (1)100%Combined Cycle Gas Turbine100 MW$227 million2028Saratoga Solar Electric Generation and BESS Facility (1)80%Solar/Battery120 MW/40 MW$361 million2028Sinissippi Solar (1)100%Solar100 MW$277 million2028Superior Solar (1)90%Solar135 MW$354 million2028Whitewater Solar Electric Generation Facility (1)50%Solar90 MW$206 million2028Akron Solar (1)90%Solar180 MW$461 million2029Dawn Break Solar and BESS Facility (1)90%Solar/Battery162 MW/162 MW$697 million2029Emerald Bluffs Solar (1)90%Solar203 MW$510 million2029

(1)    Pending approval by the PSCW.

(2)    Commercial operation achieved for Paris Solar-Battery Park and Darien Solar Park.

The construction of additional LNG facilities in Wisconsin has been proposed as part of WEC Energy Group's capital plan, which includes us. The facilities would provide another approximately four Bcf of natural gas supply (of which our portion is expected to be approximately two Bcf) and are expected to reduce the likelihood of constraints on our natural gas distribution system during the highest demand days of winter.

In connection with several investigations it conducted, the DOC set duties on solar panels and cells imported from four southeast Asian countries. See Factors Affecting Results, Liquidity, and Capital Resources – Regulatory, Legislative, and Legal Matters – United States Department of Commerce Complaint and Factors Affecting Results, Liquidity, and Capital Resources – Regulatory, Legislative, and Legal Matters – Uyghur Forced Labor Prevention Act for information on the duties set by the DOC and CBP actions, respectively. The expected in-service dates and costs identified above already reflect some of these impacts.

See Factors Affecting Results, Liquidity, and Capital Resources – Regulatory, Legislative, and Legal Matters – Renewable Energy Legislation for potential impacts to our capital projects as a result of the OBBBA.

09/30/2025 Form 10-Q44Wisconsin Electric Power Company

Long-Term Debt

See Note 9, Long-Term Debt, for information regarding the changes in our outstanding long-term debt during the nine months ended September 30, 2025.

Common Stock Dividends

During the nine months ended September 30, 2025, we paid common stock