Company: WELPM
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0000107815-25-000204
Chunk: 80

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 80
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 and $29.3 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:

Three Months Ended June 30MWh (in thousands)Electric Sales Volumes20252024B (W)Customer ClassResidential1,832.9 1,816.8 16.1 Small commercial and industrial2,117.4 2,106.7 10.7 Large commercial and industrial1,611.2 1,613.1 (1.9)Other20.2 21.7 (1.5)Total retail5,581.7 5,558.3 23.4 Wholesale 153.0 130.8 22.2 Resale1,315.6 1,194.2 121.4 Total sales in MWh7,050.3 6,883.3 167.0 

Three Months Ended June 30Therms (in millions)Natural Gas Sales Volumes20252024B (W)Customer ClassResidential53.2 42.9 10.3 Commercial and industrial32.7 26.3 6.4 Total retail85.9 69.2 16.7 Transportation56.3 53.6 2.7 Total sales in therms142.2 122.8 19.4 

Three Months Ended June 30Degree DaysWeather (1)20252024B (W)Heating (874 Normal)1,013 631 60.5 %Cooling (182 Normal)176 202 (12.9)%

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

06/30/2025 Form 10-Q31Wisconsin 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