UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of1934
Date of report (Date of earliest event reported):
September 28, 2004
Commission | Registrant; State of Incorporation | IRS Employer |
File Number | Address; and Telephone Number | Identification No. |
| | |
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001-09057 | WISCONSIN ENERGY CORPORATION | 39-1391525 |
| | (A Wisconsin Corporation) | |
| | 231 West Michigan Street | |
| | P.O. Box 2949 | |
| | Milwaukee, WI 53201 | |
| | (414) 221-2345 | |
| | | |
001-01245 | WISCONSIN ELECTRIC POWER COMPANY | 39-0476280 |
| | (A Wisconsin Corporation) | |
| | 231 West Michigan Street | |
| | P.O. Box 2046 | |
| | Milwaukee, WI 53201 | |
| | (414) 221-2345 | |
| | | |
001-07530 | WISCONSIN GAS LLC | 39-1391525 |
| | (A Wisconsin Limited Liability Company) | |
| 231 West Michigan Street | |
| | P.O. Box 2046 | |
| | Milwaukee, WI 53201 | |
| | (414) 221-2345 | |
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
WISCONSIN ENERGY CORPORATION
WISCONSIN ELECTRIC POWER COMPANY
WISCONSIN GAS LLC
ITEM 2.05 COSTS ASSOCIATED WITH EXIT OR DISPOSAL ACTIVITIES.
On September 28, 2004, Wisconsin Energy Corporation (Wisconsin Energy) announced to its employees an enhanced severance package for selected non-officer management employees of Wisconsin Energy, Wisconsin Electric Power Company and Wisconsin Gas LLC who elect to voluntarily resign. The enhanced severance package is being offered to help reduce the upward pressure on operating expenses. Eligible employees will have from October 4, 2004 through November 12, 2004 to apply to participate in this plan. The Company expects that at least 120 employees will volunteer for the program. The pre-tax costs associated with the program are not expected to exceed $25 million. The actual cost of the program will be finalized and expensed in the fourth quarter of 2004 when the actual number of employees will be known.
SIGNATURES |
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Pursuant to the requirements of the Securities Exchange Act of 1934, each of the registrants has |
duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. |
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| | WISCONSIN ENERGY CORPORATION |
| | (Registrant) |
| | |
| | /s/ STEPHEN P. DICKSON |
Date: September 28, 2004 | Stephen P. Dickson -- Controller and |
| | Principal Accounting Officer |
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| | WISCONSIN ELECTRIC POWER COMPANY |
| | (Registrant) |
| | |
| | /s/ STEPHEN P. DICKSON |
Date: September 28, 2004 | Stephen P. Dickson -- Controller and |
| | Principal Accounting Officer |
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| | WISCONSIN GAS LLC |
| | (Registrant) |
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| | /s/ STEPHEN P. DICKSON |
Date: September 28, 2004 | Stephen P. Dickson -- Controller and |
| | Principal Accounting Officer |
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