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WEC Energy Group, Inc. (WEC)

NYSE - Nasdaq Real-time price. Currency in USD
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78.39-0.10 (-0.13%)
At close: 04:00PM EST
78.39 0.00 (0.00%)
After hours: 04:02PM EST

WEC Energy Group, Inc.

231 West Michigan Street
PO Box 1331
Milwaukee, WI 53201
United States
414 221 2345
https://www.wecenergygroup.com

Sector(s)Utilities
IndustryUtilities - Regulated Electric
Full-time employees7,000

Key executives

NameTitlePayExercisedYear born
Mr. Gale E. KlappaExecutive Chairman of the Board4.59MN/A1951
Mr. Scott J. LauberPresident, CEO & Director4.29M280.75k1966
Ms. Xia Liu C.F.A.Executive VP & CFO2.46MN/A1970
Ms. Margaret C. KelseyExecutive VP, General Counsel & Corporate Secretary1.66MN/A1965
Mr. Robert M. GarvinExecutive Vice President of External Affairs1.29M1.65M1967
Mr. William MastorisExecutive Vice President of Customer Service & OperationsN/AN/A1964
Mr. William J. GucVP, Controller & Principal Accounting OfficerN/AN/A1970
Ms. Molly A. MulroyExecutive VP & Chief Administrative OfficerN/AN/A1976
Mr. James A. SchubilskeVP & Chief Audit OfficerN/AN/A1966
Mr. Daniel P. KruegerExecutive Vice President of WEC Infrastructure & Generation PlanningN/AN/A1966
Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

WEC Energy Group, Inc., through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. It operates through Wisconsin, Illinois, Other States, Electric Transmission, and Non-Utility Energy Infrastructure segments. The company generates and distributes electricity from coal, natural gas, oil, and nuclear, as well as renewable energy resources, including wind, solar, hydroelectric, and biomass; and distributes and transports natural gas. It also owns, maintains, monitors, and operates electric transmission systems; and generates, distributes, and sells steam. As of December 31, 2023, the company operated approximately 35,500 miles of overhead distribution lines and 36,500 miles of underground distribution cables, as well as 430 electric distribution substations and 523,700 line transformers; approximately 46,400 miles of natural gas distribution mains; 1,700 miles of natural gas transmission mains; 2.4 million natural gas lateral services; 490 natural gas distribution and transmission gate stations; and 69.3 billion cubic feet of working gas capacities in underground natural gas storage fields. The company was formerly known as Wisconsin Energy Corporation and changed its name to WEC Energy Group, Inc. in June 2015. WEC Energy Group, Inc. was founded in 1896 and is headquartered in Milwaukee, Wisconsin.

Corporate governance

WEC Energy Group, Inc.’s ISS governance QualityScore as of 1 March 2024 is 4. The pillar scores are Audit: 9; Board: 4; Shareholder rights: 4; Compensation: 1.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.