Company: WELPM
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000107815-25-000207
Chunk: 7

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 2
Chunk 7
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 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.

09/30/2025 Form 10-Q32Wisconsin Electric Power Company

The following tables provide information on delivered sales volumes by customer class and weather statistics:

Three Months Ended September 30MWh (in thousands)Electric Sales Volumes20252024B (W)Customer ClassResidential2,414.4 2,363.1 51.3 Small commercial and industrial2,404.2 2,357.4 46.8 Large commercial and industrial1,799.7 1,763.5 36.2 Other20.6 21.8 (1.2)Total retail6,638.9 6,505.8 133.1 Wholesale 160.4 143.0 17.4 Resale1,344.4 1,315.8 28.6 Total sales in MWh8,143.7 7,964.6 179.1 

Three Months Ended September 30Therms (in millions)Natural Gas Sales Volumes20252024B (W)Customer ClassResidential20.8 20.7 0.1 Commercial and industrial15.9 14.6 1.3 Total retail36.7 35.3 1.4 Transportation49.2 48.3 0.9 Total sales in therms85.9 83.6 2.3 

Three Months Ended September 30Degree DaysWeather (1)20252024B (W)Heating (88 Normal)68 28 142.9 %Cooling (525 Normal)574 600 (4.3)%

(1)Normal degree days are based on a 20-year moving average of monthly temperature readings from National Oceanic and Atmospheric Administration weather stations within our service territory.

09/30/2025 Form 10-Q33Wisconsin 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 September 30(in millions