At WEC Energy Group's annual meeting of stockholders, Gale Klappa, Executive Chairman, and Scott Lauber, President and CEO, highlighted another strong year on virtually every meaningful measure — from customer satisfaction, to financial performance, to steady execution of the company's capital plan. They also emphasized that it was a year of growth and dedication to the company's mission of delivering affordable, reliable and clean energy to millions of customers across the Midwest.
Company highlights
Developed the largest five-year capital plan in company history — including nearly 3,800 megawatts of new renewable capacity to serve the customers of We Energies and Wisconsin Public Service.
Completed the largest solar project in Wisconsin history as the final panels at the Badger Hollow Solar Park in southwestern Wisconsin went in service at the end of 2023.
Brought 128 megawatts of new highly efficient and flexible natural gas generation online.
Completed the construction of two liquefied natural gas facilities to support the company's power generation and gas distribution systems.
Introduced renewable natural gas (RNG) into the company's distribution network. The RNG replaces a portion of the conventional natural gas that would have entered the system. This effort contributes to WEC Energy Group's methane reduction goal and benefits the land and water of America's heartland.
Spent a record $333.7 million with certified minority-, women-, veteran- and service-disabled-owned businesses.
Returned a record $984 million to WEC Energy Group stockholders through dividends.
Increased the dividend level in January 2024 by 7% to an annual rate of $3.34 per share. This marks the 21st consecutive year of higher dividends.
In 2024, selected by Standard and Poor's for inclusion in the High Yield Dividend Aristocrats Index.
Also in 2024, selected by Standard and Poor's for inclusion in the High Yield Dividend Aristocrats Index.
