WEC Energy Group, Inc. (WEC)

79.88 -0.69 (-0.86%) At close: 04:00PM EDT

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
Industry: Utilities—Regulated Electric
Full-time employees: 7,000

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Gale E. Klappa	Exec. Chairman	4.59M	N/A	1951
Mr. Scott J. Lauber	Pres, CEO & Director	4.29M	280.75k	1966
Ms. Xia Liu C.F.A.	Exec. VP & CFO	2.46M	N/A	1970
Ms. Margaret C. Kelsey	Exec. VP, Gen. Counsel & Corp. Sec.	1.66M	N/A	1965
Mr. Robert M. Garvin	Exec. VP of External Affairs	1.29M	1.65M	1967
Mr. William J. Guc	VP, Controller & Principal Accounting Officer	N/A	N/A	1970
Ms. Mary Beth Straka CPA	Sr. VP of Corp. Communications & Investor Relations	N/A	N/A	1965
Mr. James A. Schubilske	VP & Chief Audit Officer	N/A	N/A	1966
Mr. Andy Hesselbach	Sr. VP of Gas Operations	N/A	N/A	N/A
Mr. Torrence Hinton	Pres of Peoples Gas & North Shore Gas	N/A	N/A	N/A

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. The company operates through six segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other. It generates and distributes electricity from coal, natural gas, and oil, as well as hydroelectric, wind, solar, and biomass sources; provides electric transmission services; offers retail natural gas distribution services; transports natural gas; and generates, distributes, and sells steam. As of December 31, 2022, it operated approximately 35,600 miles of overhead distribution lines and 36,100 miles of underground distribution cables, as well as 430 electric distribution substations and 514,800 line transformers; 52,000 miles of natural gas distribution mains; 1,100 miles of natural gas transmission mains; 2.4 million natural gas lateral services; 500 natural gas distribution and transmission gate stations; and 68.2 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 September 2023 is 4. The pillar scores are Audit: 9; Board: 6; 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.