What's new? Log in Free sign up

Table search / Wisconsin Electric Power Company PFD 3.60% / "Environmental"

20 results

Newest first Best match first

WELPP Wisconsin Electric Power Company PFD 3.60%

Quarterly report

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (in millions, except share and per share amounts)	September 30, 2024			December 31, 2023
Assets			Current assets			Cash and cash equivalents			$			253.4	$	6.1	Accounts receivable and unbilled revenues, net of reserves of $40.8 and $44.5, respectively	558.0			573.0	Accounts receivable from related parties	101.3			143.9	Materials, supplies, and inventories	313.8			310.6	Prepaid taxes	82.0			112.7	Other prepayments	16.0			26.7	Other	25.4			32.3	Current assets	1,349.9			1,205.3	Long-term assets	Property, plant, and equipment, net of accumulated depreciation and amortization of $5,857.6 and $5,779.2, respectively			12,385.8			11,585.5	Regulatory assets (September 30, 2024 and December 31, 2023 include $79.1 and $85.9, respectively, related to WEPCo Environmental Trust)	2,945.2			2,860.7	Pension and OPEB assets	74.7			71.0	Other	91.6			118.9	Long-term assets	15,497.3			14,636.1	Total assets	$			16,847.2	$	15,841.4	Liabilities and Equity	Current liabilities			Short-term debt			$			—	$	360.8	Current portion of long-term debt (September 30, 2024 and December 31, 2023 include $9.1 and $9.0, respectively, related to WEPCo Environmental Trust)	559.1			309.0	Current portion of finance lease obligations	96.4			87.8	Accounts payable	349.9			332.1	Accounts payable to related parties	189.2			193.8	Other	201.7			201.4	Current liabilities	1,396.3			1,484.9	Long-term liabilities	Long-term debt (September 30, 2024 and December 31, 2023 include $80.9 and $85.3, respectively, related to WEPCo Environmental Trust)			3,732.1			3,045.4	Finance lease obligations	2,776.0			2,752.2	Deferred income taxes	1,592.4			1,513.5	Regulatory liabilities	1,703.0			1,631.4	Other	354.7			330.5	Long-term liabilities	10,158.2			9,273.0	Commitments and contingencies (Note 21)
Common shareholder's equity			Common stock – $10 par value; 65,000,000 shares authorized; 33,289,327 shares outstanding			332.9			332.9	Additional paid in capital	2,552.9			2,552.4	Retained earnings	2,376.5			2,167.8	Common shareholder's equity	5,262.3			5,053.1	Preferred stock	30.4			30.4	Total liabilities and equity	$			16,847.2	$	15,841.4

1 Nov 24

10:58am

WELPP Wisconsin Electric Power Company PFD 3.60%

Quarterly report

We have established the following regulatory assets and reserves for manufactured gas plant sites:

(in millions)	September 30, 2024			December 31, 2023
Regulatory assets			$			10.7	$	12.2	Reserves for future environmental remediation (1)	10.3			10.3

1 Nov 24

10:58am

WELPP Wisconsin Electric Power Company PFD 3.60%

Quarterly report

We have several capital projects that will require significant capital expenditures over the next three years and beyond. All projected capital requirements are subject to periodic review and may vary significantly from estimates, depending on a number of factors. These factors include environmental requirements, regulatory restraints and requirements, changes in tax laws and regulations, acquisition and development opportunities, market volatility, economic trends, supply chain disruptions, inflation, and interest rates. Our estimated capital expenditures and acquisitions for the next three years are reflected below. These amounts include anticipated expenditures for environmental compliance and certain remediation issues. For a discussion of certain environmental matters affecting us, see Note 21, Commitments and Contingencies.

(in millions)	2024			$			1,792.7	(1)
2025			3,047.3			2026	3,281.2			Total	$			8,121.2

1 Nov 24

10:58am

WELPP Wisconsin Electric Power Company PFD 3.60%

Quarterly report

The following table summarizes the impact of WEPCo Environmental Trust on our balance sheets:

September 30, 2024

December 31, 2023

Other current assets (restricted cash)

Regulatory assets

Other long-term assets (restricted cash)

Current portion of long-term debt

Other current liabilities (accrued interest)

1 Nov 24

10:58am

WELPP Wisconsin Electric Power Company PFD 3.60%

Quarterly report

The following regulatory assets and liabilities were reflected on our balance sheets at September 30, 2024 and December 31, 2023. For more information on our regulatory assets and liabilities, see Note 7, Regulatory Assets and Liabilities, in our 2023 Annual Report on Form 10-K.

(in millions)	September 30, 2024			December 31, 2023
Regulatory assets			We Power finance leases			$			1,132.7	$	1,109.7	Plant retirement related items (1)	666.1			595.5	Income tax related items	364.3			373.1	Pension and OPEB costs	353.7			348.9	System support resource	105.5			113.2	Uncollectible expense	90.9			62.1	Securitization	79.1			85.9	AROs	51.6			41.2	Bluewater Natural Gas Holding, LLC	20.1			17.2	Energy efficiency programs	17.9			23.3	Environmental remediation costs	10.7			12.2	Derivatives	7.4			45.2	Other, net	45.2			33.2	Total regulatory assets	$			2,945.2	$	2,860.7

1 Nov 24

10:58am

Quarterly report

31 Jul 24

2:59pm

tje9bmom7xi0bf1

Quarterly report

31 Jul 24

2:59pm

Quarterly report

31 Jul 24

2:59pm

Quarterly report

31 Jul 24

2:59pm

Quarterly report

31 Jul 24

2:59pm

6ajp90u7kglbzc12013t

Quarterly report

3 May 24

11:52am

Quarterly report

3 May 24

11:52am

Quarterly report

3 May 24

11:52am

37ud84uz0mrc35ck

Quarterly report

3 May 24

11:52am

ujf202qo4y6bw3poj03

Quarterly report

3 May 24

11:52am

22 Feb 24

12:29pm

22 Feb 24

12:29pm

22 Feb 24

12:29pm

22 Feb 24

12:29pm

22 Feb 24

12:29pm

Prev
1
Next

We use cookies on this site to provide a more responsive and personalized service. Continuing to browse, clicking I Agree, or closing this banner indicates agreement. See our Cookie Policy for more information.