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WEC Energy Group has reported net income of $389.3 million, or $1.18 per share, for the third quarter of 2026 — up from $271.3 million, or 83 cents per share, in last year's third quarter.

For the nine months ended September 30, 2026, the company recorded net income of $1.49 billion, or $4.54 per share — up from $1.24 billion, or $3.85 per share, in the corresponding period a year ago. Consolidated revenues totaled $7.8 billion, up $523.9 million from the nine months ended September 30, 2025.

"Our strong results were driven by warmer-than-normal weather, execution of our capital plan and operating efficiency," according to Scott Lauber, Chairman, President and CEO. "Our continued focus on the fundamentals of our business is creating value for our customers and stockholders. We remain on track to deliver solid financial and operational performance in 2026."

Retail deliveries of electricity — excluding the iron ore mine in Michigan's Upper Peninsula and Very Large Customers (VLCs) in Wisconsin — were up by 3.3 percent in the third quarter of 2026, compared to the third quarter last year.

Electricity consumption by small commercial and industrial customers was 3.5 percent higher. Electricity use by large commercial and industrial customers — excluding the iron ore mine and VLCs — increased by 1.0 percent. Residential electricity use rose by 5.1 percent.

On a weather-normal basis, retail deliveries of electricity during the third quarter of this year — excluding the iron ore mine and VLCs — increased by 0.4 percent.

Largely due to favorable weather and capital investment supported by the VLCs, the company is raising and narrowing its earnings guidance for 2026 to a range of $5.60 to $5.64 per share. This assumes normal weather for the remainder of the year. The company had previously announced earnings guidance for 2026 in a range of $5.51 to $5.61 per share.

The company has declared a quarterly cash dividend of 95.25 cents per share on the company's common stock. The dividend is payable December 1, 2026, to stockholders of record on November 13, 2026. This marks the 337th consecutive quarter — dating back to 1942 — that the company will have paid a dividend to its stockholders.

• Third quarter diluted GAAP and ongoing earnings per share were $1.52 in 2026 compared with GAAP earnings of $0.88 and ongoing earnings of $1.24 in 2025.
• Year-to-date diluted GAAP earnings per share were $3.34 in 2026 compared with $2.47 in 2025.
• Year-to-date diluted ongoing earnings per share were $3.37 in 2026 compared with $2.84 in 2025.
• Xcel Energy narrows its 2026 ongoing earnings per share guidance to $4.10 to $4.16.
• Xcel Energy initiates its 2027 ongoing earnings per share guidance of $4.48 to $4.62.
• Xcel Energy’s long-term annual growth objectives reflect earnings per share growth of 6-8+% and dividend growth of 4-6%.

Xcel Energy has reported 2026 third quarter GAAP earnings of $960 million, or $1.52 per share, compared with $524 million, or $0.88 per share in the same period in 2025 and ongoing earnings of $961 million, or $1.52 per share compared with $737 million or $1.24 per share in the same period in 2025.

The change in earnings per share was primarily driven by increased recovery of electric infrastructure investments, earnings on equity method investments and unseasonably warm weather, partially offset by higher financing costs.

“As one of the nation’s largest builders of clean generation and high-voltage transmission, Xcel Energy continues to make critical investments in the infrastructure our customers and communities need, while staying focused on delivering safe, clean, reliable and affordable energy.

We’ve made considerable progress on our priorities this quarter and our updated five-year investment plan gives us a clear path to extend this growth cycle and continue to deliver affordable and reliable energy our customers need well into the next decade,” said Bob Frenzel, Chairman, President and CEO of Xcel Energy.

Alliant Energy has announced U.S. generally accepted accounting principles (GAAP) consolidated unaudited earnings per share (EPS) of $1.52 for the third quarter of 2026, compared to $1.09 for the third quarter of 2025.

Key takeaways:

• Third quarter GAAP earnings per share were $1.52 in 2026, compared to $1.09 in 2025
• Narrowed 2026 ongoing earnings guidance to $3.41 - $3.46 per share, the top half of the original guidance range
• Announced 2027 earnings guidance range of $3.63 - $3.73 per share and 2027 annual common stock dividend target of $2.25 per share
• Increased four-year capital expenditure forecast by 19% to $15.9 billion to meet growing demand
• Extending IPL retail electric base rate stability plan through 2030 while earning authorized return on equity

“We delivered another solid quarter of operating performance and our full-year earnings expectation has been narrowed to within the top half of the original 2026 ongoing EPS guidance range,” according to Lisa Barton, Alliant Energy President and CEO. “We are driving meaningful economic development for the communities we are privileged to serve and converting it into durable investment growth, while earning our authorized returns, strengthening reliability, and maintaining affordability. We are extending IPL’s retail electric base rate stability plan by one additional year, providing Iowa retail electric customers with predictability through the end of 2030.

Alliant Energy has closed on a $5.1 billion lower-interest loan package from the U.S. Department of Energy’s (DOE) Office of Energy Dominance Financing (EDF). Over the life of the 30-year loans, Alliant Energy projects up to $1.2 billion in cumulative customer savings. In addition to lowering costs for customers, the company projects more than 1,600 local jobs will be created during construction of the projects supported by the loans.

“As energy needs continue to grow across the communities we serve, we are making smart, forward-looking investments to deliver safe, reliable and cost-effective energy for our customers,” according to Lisa Barton, President and CEO of Alliant Energy. “This federally backed financing helps lower the cost of building the generation and critical energy infrastructure our customers depend on, while strengthening the grid and supporting long-term savings. We are focused on meeting growth responsibly, maintaining affordability and creating lasting value for customers and communities across Iowa and Wisconsin.”

Alliant Energy plans to use the funding to lower costs for constructing and upgrading resources under the company’s all-of-the-above approach to generation, ensuring reliable and affordable energy to meet growing demand. All proposed projects will be advanced through a transparent regulatory process and represent critical investments in the energy infrastructure needed to serve customers for decades to come.

The federal financing commitment provides Alliant Energy access to up to $5.1 billion of lower-cost capital, subject to project advancement, qualification and financing terms.

The Rock County Board of Supervisors has voted to oppose a proposed 765-kilovolt high-voltage transmission line that would cut through the county.

The board approved Resolution R-2026-139, sponsored by Supervisor Ron Woodman, joining other local governments across Wisconsin that have pushed back against the project. The proposed transmission line would stretch about 190 miles from Crawford County to Walworth County, passing through Rock County along the way.

The resolution raises concerns about how the project could affect communities, private property owners and agricultural land. It specifically calls out the proposed Guyed-Y tower design, which uses tensioned cables anchored to the ground for support.

According to the resolution, that design could create more obstacles in farm fields by adding ground anchors and tension wires. Farmers would have to navigate around those structures, increasing the risk of collisions.

Realta Fusion, the world’s leading magnetic mirror fusion energy company, has announced a strategic partnership with Madison Gas and Electric and its parent company to explore joint development of a 200-megawatt electric (MWe) fusion energy power plant in Wisconsin.

MGE Energy made a direct equity investment in Realta in the first phase of the partnership. The utility company has also agreed to provide Realta with equipment, engineering and technical support along with assistance for siting, permitting, interconnection and financing of the anticipated 200-MWe plant.

“Our agreement with MGE to explore the opportunity to build out a fusion power plant is a clear signal that fusion’s time is coming,” according to Realta CEO Kieran Furlong. “Fusion energy will be the ultimate source for zero-carbon electricity for humanity’s growing needs, and now we have a forward-thinking partner in MGE ready to help us make fusion real.”

A future fusion power plant in Wisconsin would represent a first-of-its-kind investment in next-generation carbon-free energy technology and help advance MGE's goal of net-zero carbon electricity

The Rock County liquefied natural gas (LNG) storage facility is moving forward, Alliant Energy announced today following verbal approval from the Public Service Commission of Wisconsin. 

“We’re grateful for the Public Service Commission of Wisconsin’s thorough review, “according to Becky Valcq, President of Alliant Energy’s Wisconsin energy company. “This investment represents an important step in strengthening our energy infrastructure to meet customers’ needs, particularly during periods of high demand and extreme weather. It supports a more resilient energy system, helps manage costs and ensures we can continue providing the reliable service customers count on. We appreciate the engagement and feedback received throughout the review process and look forward to continuing to work closely with local communities as the project moves forward.” 

During Winter Storm Fern in January 2026, interstate pipeline restrictions limited natural gas deliveries across the region, constraining critical energy infrastructure. The LNG storage facility in Rock County will strengthen system flexibility in situations like these by providing added assurance for residential, commercial and industrial customers, helping keep homes warm during extreme weather and enabling businesses to continue operating. It will also help manage costs during periods of market volatility. 

The LNG storage facility will be located near the company’s Riverside Energy Center campus in Rock County, Wisconsin. About two-thirds of Wisconsin households rely on natural gas for heating, and demand rises sharply during extreme cold. LNG storage helps ensure a consistent, reliable natural gas supply during these periods. It also allows natural gas to be purchased and stored when prices are lower, helping reduce exposure to sudden price increases. 

Midcontinent Grid Solutions’ bid to become a public utility in Wisconsin will be the subject of a public hearing before the Wisconsin Public Service Commission.

Midcontinent, which wants to develop a transmission line in the Driftless Area of southwestern Wisconsin, filed applications in June to become a public utility in the state.

The application to become a public utility in Wisconsin is separate from a construction permit that will be needed for Midcontinent’s proposed 765 kilovolt BECI line, a new line.

State utility regulators have signed off on an energy developer’s proposal to build a pair of new natural gas power plants in southern Wisconsin tied to rapidly growing electricity demand from data centers.

The Public Service Commission of Wisconsin has unanimously approved Chicago-based Invenergy’s applications for the Foundry Ridge Energy Center in Walworth County and the Red Oak Ridge Energy Center in Kenosha County.

Together, the projects will be able to generate roughly 1.5 gigawatts. Invenergy hopes to bring the smaller, 324-megawatt Walworth County plant online in 2028, and the larger, nearly 1.2-gigawatt Kenosha County plant online in 2030.

The Kenosha County plant would be the second-largest of the state’s 29 existing natural gas power plants, while the Walworth County plant would be the 12th-largest, according to a report from researchers at the University of Wisconsin-Madison.

State law allows private, non-utility developers to apply for permits with state regulators to build energy generation projects. According to the PSC, this was the first time the commission has had to approve natural gas projects through this method.

After regulators told them to go back to the drawing board in September, American Transmission Company has reapplied to build a more than $2 billion transmission project that will serve the data center being built in Port Washington.

The utility filed a new application with the Public Service Commission of Wisconsin, to build the Ozaukee County Distribution Interconnection Project. It would include new and rebuilt high-voltage power lines, upgrades to existing facilities and construction of up to five new substations.

The project would extend across Fond du Lac, Calumet, Manitowoc, Ozaukee, Sheboygan and Washington counties. It would serve Oracle’s data center campus in Port Washington.

American Transmission Co., or ATC, had to file the new application after the PSC voted to revoke a “completeness” determination for the company’s previous application to build the project. Regulators felt the application had seen such extensive revisions that it became difficult for officials and the public to adequately review.

In a statement, Jared Winters, Executive Vice President and Chief Assets Officer for ATC, said the company “substantially improved” its application since its last filing and made changes based on feedback from the commission and public.

He said that resulted in an updated project design and power line routes.

“The revised route configuration reflects additional feedback, analysis and routing and siting work, and we believe it represents the most responsible, buildable and electrically sound option for serving this significant new electric demand,” Winters stated. “We appreciate the input we’ve received and will continue that engagement as the PSCW review process moves forward.” 

According to the application, the project would cost between $2.48 billion and $2.72 billion.