WEC - Earnings call transcript Q2 2024

Due to licensing restrictions, you must log in to view earnings call transcripts.

Operator

Good afternoon, and welcome to the WEC Energy Group's Conference Call for Second Quarter 2024 results. This call is being recorded for rebroadcast. [Operator Instructions] In conjunction with this call, a package of detailed financial information is posted on wecenergygroup.com. A replay will be available approximately 2 hours after the conclusion of this call.

Before the conference call begins, please note that all statements in the presentation, other than historical facts, are forward-looking statements that involve risks and uncertainties that are subject to change at any time. on at based are time are made. statements management's the expectations they Such

the factors results Energy and connection addition Commission filed assumptions In to and Securities other materially XX-K, subsequent statements, Exchange from described with contemplated. the Form cause with factors referred differ in latest WEC actual Group's could and reports to the in to those

to per it's per discussions, will be WEC pleasure earnings referenced now diluted And noted. earnings of share Scott and share, the President otherwise During on unless Officer Lauber, Chief introduce my based Executive Group. Energy

Scott Lauber

and you quarter everyone, of afternoon, us Good second our thank today review as we XXXX. the joining for results for

Liu, with Investor Communications Officer; Chief and Financial Straka, of Here Xia and Corporate today Relations. me our Senior are Beth Vice President

we guidance from to news $X.XX $X.XX quarter year. share. We're you second this $X.XX balance of XXXX morning, track a firmly This, weather earnings course, on the As year of release XXXX full reported assumes of normal per of for to the share. the our meet saw

continue of strong call growth I-XX the regional average. rate corridor pipeline Milwaukee The unemployment trend is activity at in Wisconsin we a national see foundational stands We economy. in below X.X%, Chicago. and The our in continuing strong what particularly economic to long-running between the

AI is and the center company a most advanced be paper data facility, site the For broad retired making worldwide. Microsoft spent The and cloud $X.X example, activity, of include to AI in has just to jobs in be XXX and plant, creation. jobs investment of one complex called expects Southeast infrastructure their last XXXX. our and Microsoft a XXXX solutions as power X,XXX computing the a a the stating for time. month, super over in innovation, construction billion plants on May, And and investments on large a largest permanent and to construction employees progress announced strengthen by it end a planned of that good and economic our former hub bring region will package leading cutting-edge WestRock job the WestRock a stated of facility area between company Microsoft Wisconsin. In at with plants. it ground These new broke now to plants. X,XXX XX,XXX is packaging

highlight potential of developments our economy and These plan. our the for in strength the the underscores and investments local the need capital

in the we second major X-year investment forward continued plan totaling During growth. $XX.X billion efficiency, in for largest move the our on plan. projects capital to and history It's quarter, our sustainability

XXX executable. combined based adds May, we've second option of As This that the Center low-risk we discussed, for at plan generation Energy our cycle of $XXX the and are million. closed highly gas natural on At projects Riverside is our on West efficient to end megawatts portfolio.

last filings several discussed growth that discussed last we projects reliability filings or recall year, You'll economic support for we major and Wisconsin. to in quarter, several

X at billion In gas X,XXX lateral XX-mile foot natural combined represent and these a Oak the as as billion cubic Paris and total, sites of projects of $X.X approximately includes site. This Creek Creek facility, natural generation serve liquified well storage Oak megawatts investment. gas efficient to our gas

purchase filed center to in energy solar interest February submitted year. a were proposals in under to in the Also Our in we Southern a Wisconsin. approximately an the decision ownership application XX% Commission April, we and Wisconsin expect in review, high-noon

to facility the of is megawatts With solar an million, approximately expected expected $XXX generation. of XXX provide investment

have the the the We commission of asked make to end decision before a year.

of go commission into the in is I year, after segment, expected during construction from the the event. now these period expect our Solar weather we WEC to As due Delilah end to AFUDC investments a the a delayed to earn Infrastructure approval. And service June reminder, at

to $XXX interest and by we project Northeast for this Flats the in still the Texas, approximately expect in to in year. end We XX% invest Solar of ownership a service Project million be plan our Maple

recall, this year away We operations of an million in total investing plan. Illinois, capital $XXX in reallocated additional you our As $XXX segment. million X-year we're our a in our Infrastructure from

with be fully X.X% the as a usual, annual We're growth of we compound we long-term on average the on the plan. plan to earnings with the fall. our which Overall, next you our in our X-year X% details also in range supports rate to project schedule basis. And expect share development to

I on test for front. XXXX we filed on the a new Now regulatory few XX. year XXXX and reviews Wisconsin, In have updates rate April

focused first, outages projects; and need: lastly, request major reducing new through Wisconsin's storm August end on economic continue the reliability by new and in from the expect natural is areas year job distribution XXXX. XX, transition for from activity; staff generation of improving decision coal second, renewables creation generation of January and testimony addressing the and growth Our scheduled and to investments supporting gas. Commission rates increased with effective we intervener X X, and the

We Gas and have Resources. smaller Utilities rate Michigan reviews Energy and progress Upper at Michigan

decisions The its the rate at a the the Peoples in first on We commission's also year. by the these on of Commerce for of of the X expect Gas And limited Illinois, issued Illinois we've of engaged these, dockets. order been end reviews in decision end rehearing Commission May.

of emergency $XX.X million Safety is ] agreed had in [ commission our they what $XX.X program This entities to and $XXX emergency public XXXX. (sic) for to to The commission work related on driven the concentrating Modernization deemed million The by unfinished billion reconsider work. projects, mostly granted restore work, request city Chicago. like

other commission's this investments items to Illinois the appealed centers. rate including with of in service Appellate We along Court decision new in have disallowance the the order, previous

the first XXXX. August decision We remaining actively review Modernization of expected is commission's but intervener are in are in X the XX, Safety and the also program, One the testimony of dockets. involved expected staff rebuttal by quarter

natural the expected is is of evaluation year. future gas The the which Illinois, conclude in other to about a in of docket

our our continue make to good our course, any we units progress on reducing XXXX, Of developments. we plant. units you X gas power generation. we'll towards Including retired goals up these nearly X,XXX keep generation. Together, we've since coal-fired greenhouse May, further updated XXX In Oak and of made emissions. fossil of those X retired Creek over megawatts at fuel of megawatts business, Across older

about Finally, the a dividend. quick reminder

line to of continue We our that We're dividend range ratio and tracking of earnings will in a per the XX% growth growth expect XX% payout to of be now, earnings. continue with share. to in the target

you to and results details for our on our quarter. provide more the it Now I'll turn financial guidance Xia third to

Liu Xia

you, the Thank second $X.XX a We earned Scott. share for quarter.

guidance QX of was a $X.XX by of this a $X.XX favorable our guidance. and financing O&M to decrease While share quarter-over-quarter, QX guidance we driven exceeded compared $X.XX range -- to

earnings As to are meet our XXXX Scott guidance. on track we indicated,

couple when you redesign and As is last of with the gas natural more the at revenues I in calls base the highest. changes fourth on Peoples first Gas, reminded now usage quarters the concentrated are

guidance, This has in earnings minutes. shift few will I quarter QX and a impacted impact which our discuss will second our

our Now quarter-over-quarter look at variances. let's

drivers. and a Page other amortization, Starting XX. lower O&M, the Our comparison of higher on second of significant walk results of quarter the compared $X.XX through I'll as earnings fuel, were operations, depreciation interest second expenses. a quarter to and earnings XXXX with includes our utility result package

day-to-day year. retired noting. year are O&M a we drivers costs compared couple last in land to for variants A of Wisconsin. the at worth last in experienced plant we a two, storm sale current from the benefited One, quarter higher QX And in site QX

to X% that O&M X% Looking due realize we overall to expect initiatives higher XXXX. improvement this ahead, to is day-to-day our continued our I to now in be late This expect to initial X% expectation XXXX compared compared savings year. O&M a to

weather a the we that for to was and the quarter. of quarter second impact XXXX both normal for Compared XXXX. $X.XX The in had negative flat weather estimate conditions, impact

Our weather-normal sales overall Wisconsin our electric with are and are in relatively flat quarter-over-quarter in forecast. line

an improved of the to WEC Energy in Looking second to by XX% investments compared quarter XXXX. contributed in segment, higher earnings the quarter credit continued QX $X.XX driven at to partially second tax 'XX, at incremental compared $X.XX earnings production And ATC, of our infrastructure. Infrastructure capital

Corporate earnings higher the interest impact our and tax you'll and a see timing $X.XX expense. result decreased of segment of that as Other Finally, at

turning guidance. Now to

the expecting third of weather $X.XX weather assumes and the quarter, $X.XX July for a accounts are range of we normal This For the to rest per for share. quarter.

As shift I mentioned the in accounts for Illinois earlier, also pattern. it recognition revenue

XXXX quarter $X of XXXX third earnings guidance again, are share. were weather assuming per to the rest our normal reaffirming $X.XX share, of the $X.XX Once Our year. for we a earnings

we plan $XXX that to program. back to remind said million we and set I let equity. an reinvestment our up Also, continue before, common we XXXX. still will Before utilize dividend to equity project employee to Overall, that turn up quickly be as issuance we plans for me issue common you benefit ATM to Scott,

Post XXXX, issuances plan. tied in you and to to year will fall ratably our Scott. we per with current $XXX refresh expected our our plan. to it approximately million updating the spending look equity With capital back the in capital turn forward We be as that, financing I'll

Scott Lauber

we're for now ready portion and of the providing on and for call. our focused our Overall, value on track we're Thank stockholders. the you, Operator, Xia. question-and-answer customers

Operator

from Instructions] Shahr Guggenheim first [Operator Pourreza question comes with Partners. Our

Shahriar Pourreza

of perennial asked. seems Microsoft It's becoming just off always of more starting kind Just obviously be topical now. sort the even on the opportunity to that

Just more that more the current hit do on plan of obviously Microsoft public And And acquisition layered what remind a plan? and now your land. why your is I us I portion has reason bit land see guess, of Build that when of it's in materially? bought you kind this they kind ask

Scott Lauber

Sure.

that update pulled acres which spending capital X,XXX purchased that purchased. purchased. first acres. X,XXX And XXX through acres last were fall, they everyone our everyone, plans announced is together And on billion we of XXXX course, then before through as just $X.X XXXX, another they about they that So

the this just where acres paper a been in in purchased morning, announcements couple Wisconsin. XXX they another then there's Southeastern And of

of will really currently X-year XXX the our only development. for are our in So needs plans and have the next energy that roll this for capacity out that we process Currently, the Microsoft acres. working and fall with developing first we the But in plan

Shahriar Pourreza

it. Got

That's Okay. perfect.

is how lastly, solar delay, project question I for versus there it's come So Delilah to of headwind the think your just a assumption? And potential I offsets maybe Xia the just kind X roughly around then you guess, about can more the prior on there. months. to

Liu Xia

as into $X.XX. that consideration we took guidance reaffirmed $X.XX of annual We the to Yes.

we and and mentioned, management I to O&M others. as focus tax So and on continue financing costs

the confident can the from we're we offset delay. downside that So

Shahriar Pourreza

it. Appreciate tropical Appreciate this Gale to call. listening it. And somewhere earnings hopefully, is

Scott Lauber

is. He probably

Operator

line question Dumoulin-Smith next comes Julien of the Our from Jefferies. with

Julien Dumoulin-Smith

hear Can okay? me you guys

Scott Lauber

Welcome you Julien. back, can fine. hear we Yes,

Julien Dumoulin-Smith

the It's Awesome. I chat guys. appreciate here. time, pleasure to a

around. to kick just here, look, perhaps nicely all So off things done

Infrastructure the are mean planning as Obviously, business? I'm on you focus of just does curious, center data think to wanted segment. you seeing that about that I those about targets. the you fact, the In think opportunities, well the that you're the against opportunities guys of totality side as on what

And how turn. do think that business you of the in scope about

You a on contrast, these in obviously on lot a manner set By would you guys focused customers about on counterparties. opportunities. first? be if kinds contracted of Curious similar opportunity are that of front focused think potential that these

Scott Lauber

we're the to And the the been not need we other Wisconsin we just area opportunities, all the the support in for the that hit needs And Microsoft, but with we Sure. a requirements capacity Microsoft we've region. lot make got growth growth, of want has the working on development area. to seeing for and sure

the why projects proposing the that's the month added in capacity see or and shortly energy the so the -- renewable help filings on region. So we're next and to in beat more that needs you'll we've

lot region. opportunity in renewables, we So American in a not distribution the but transmission needs of needs, capacity Company of Transmission the from and there's some also, think generation some also only investment

as So X-year we pull in our we're factoring plan here. all together of that

Liu Xia

Julien, filings in Wisconsin. be all area, in And you the as those will know, regulated

Julien Dumoulin-Smith

you if into strategically to financial? on think team on I to costs? curious couple anything just know the that here. terms front, Yes, fronts, bit the know the questions here this read anything pursuing of -- just a of nitpicky, there's little that to maybe [ preconstruction then, about And in denial there just in direction out tackle And this but I How absolutely. it's ], PSC's or -- you're tease of Is a regulatory absolutely. Indeed, AFUDC? do the I'm on multiple

Scott Lauber

into savings these from and delivery getting standpoint a the read get in providing standpoint, lot customers look I if No, course, orders of don't cost that. of for approval really there's to when at anything customers. thought on think We'll our value the that. early, value final our order there's both and a we're wait is, see We, written but time of we'd you what a

So additional and going reconsideration, are the to they for with ask we're information that most refile likely information looking for.

that, on cost but as of you I would wait, there's of everyone a tuned as to projects stay value. the the adding think lot continue And looking across know So country longer is up generation. go we the at the

Julien Dumoulin-Smith

say. transparent, I Yes, you in offer as And they dog, boy that a little seems the this. them pretty traded the traded I'll lastly, Equity, in and got now. just

So appreciate along. all guys you I looking forward

Scott Lauber

excellent It's Congratulations. hear. to

Julien Dumoulin-Smith

it. Absolutely. I'll see you soon, appreciate

Scott Lauber

good. Sounds

Operator

question of Sullivan Michael Research. with next from line comes the Our Wolfe

Michael Sullivan

CapEx that? utility QX incremental it way plan financed How Just your of biased to should about structures kind we look is any and equity think associated Should has incremental with as think higher. or refresh we capital usual be about with with just CapEx been forward it? any usually to consistent your needs different

Scott Lauber

at you be excited to think look about, growth I I spend very forward it we equity But it needs and capital available line. mean, the just we'll look got similar the capital. we'll that has together of looking in again. in the it, insights Xia line long-term have at the everything No, put we refresh right been have talking additional to course, capital on the with what and in about

Michael Sullivan

docket, And really, just makes for to ] frame is Illinois. still pipe That could still then loose Rider Okay. also QIP Reconciliations there? to ends hoping namely from anything outcomes could And shifting outcomes at program then that all? prior the there of the bookings review. over range years you any around of the the sense. [ I -- pending potential What's numbers some tied move maybe

Scott Lauber

Sure.

So them. let's look at both of

by from I hopefully, been end QIP year, right of queued other I the the decision, XXXX, up, that. years, expect now, decision we for Rider So a Riders think, in the has would made

been know, then, other a those Rider As at. we QIP years it's to of so XXXX still it's have you while. under the course, look And

prudency. the of think from lot audit. a factored we information is and a Integrys there staff specifically where requirements look the we've recommendations after from really program the And received Liberty that audits remember, the very and audit took So we in prudent been of acquisition, the at that we

also no under program a last our more still remember, the on during at the in that case. S&P looking come S&P in And one And testimony the to the requested So all the there pause there. rate those now at current then no the in through, came the are rate in for a pause testimony one first case. case, set is recommending of

think the and talking work he testimony with by years least our where program There, to $XXX faster the lift from I that Chicago, accelerate XXXX. and the pause recommending with that actually range working emergency done to work. staff a about way in at people city emergency extreme, is cap was the said other The for you all are think, it the including get of Chicago the city million the I X the of of about that should

Chicago the a city But related emergency as range So again, of initial they working work all once and their some there's work the should in there. none do lift of they in the the work. specifically the with done intervenors the get and pause capital quite to said testimony middle they

Michael Sullivan

Yes. Okay.

I has think we've there, out as recent every than of Just orders other on intervener. that, worse I mean, single some the with come seen the ICC

risk final down actually we the just the in get think of these order? comes could you in do that when same that how dockets So it more about

Scott Lauber

say. see going they what have Yes. wait to and to we're And

think though, their you at to intervenor I emergency help the it, they Chicago saying to every of everyone, on programs from with work are the at group about rehearing with city need of look city Chicago, we the when capital even the them work. talked including

million $XX So a and on million talking low between you're $XXX end, year. that

or is to when that is, the at time. we what to at rehearing asked taking And So And the us look the are want wait commission think this you think S&P for I but program. anyone they're concentrating some case purely for, disputing don't emergency entire and look on order last understand I I they that.

but through So we're answer, why the I case. I going wish that's knew the

Michael Sullivan

super No, helpful that is context.

Operator

question Evercore line next Durgesh Our with Chopra ISI. the of comes from

Durgesh Chopra

Just what into the on is million. the on and so Safety remind program? forward just obviously, a you us Modernization the 'XX program plan, on in decision $XXX review Illinois, you the million, you $XX safety got that Can -- on baked got

Scott Lauber

And reevaluate But at plan. the X-year go the out. Sure. the And in next look we'll we're let we general, as tell we took we about Xia testimony you based what's in our us million as the look can details. on here I'll seeing $XXX through current? But it Xia, at plan,

Liu Xia

it's million we And $XXX in are Durgesh. $XXX process refreshing the the as to between of Yes, plan. million capital a year, Scott mentioned,

So working latest approval the on the commission's development the from with decision to $XX.X the team of reflect the Illinois in we're million.

come could details that working X likely, through right now. So potentially number years, still over we're but the the down next

Durgesh Chopra

$XXX to it. for we're to recommendation. with I'm right? That's Is assuming you've get a in the helpful. that of million Got the And year, $XXX come commission what clear, plan, quarter going relative going anywhere just a decision on asked spending next the between very And and you first back be to have then million to to is fair?

Scott Lauber

Yes.

a the first in commission. recommendation quarter the We from XXXX to hear of expect

Durgesh Chopra

X Any Was or color than color equipment I. just be I'm quickly something can if follow could event. you months. it? else? What wondering it's know you share, And -- then up just can mentioned Okay. share it I can just weather Delilah I it more there? you caused the on Any

Scott Lauber

and purchased it remember, haven't yet. -- There Sure. we was

was hail construction there to, it during commitment a but was and event have We there. a

year. they some shape damage. there So the sure be purchase that developer by based assuming repairing in on the now, the happen. we progress in weekly still And to is events in year, will We work was going We of before anticipate, the want plan full on end to hail updates other of the the be the discussions end by And make the field latest we it the are to all with right no as there. it it. get that

Durgesh Chopra

I appreciate it.

Operator

of line Carly comes Sachs. Our from next the Davenport Goldman with question

Carly Davenport

sizing ask MISO to obviously here. wanted moving one Just seen the We've X higher tranche a transmission of ATC. on and quick

So opportunities thinking there, size how you're just and curious from about a transmission perspective. the around a both timing

Scott Lauber

Sure.

still Tranche And a from everything heard I've think, ], I like there, lot and than about won't larger and for is ATC that. proportionately I will XXXX-plus X, be Tranche spending so X. you've seen good Because opportunities X, Tranche think occur they're it to that actually but working probably larger about through going of probably right? [ be talked to

I is the think the the Transmission Company system. be renewables going putting American other the big region. in economic to driver for in And development in

X renewables capital continuing last effect drivers Tranche Wisconsin. in but development an and had were economic our year, biggest plan, So the on

So I consider both of X remember, XXXX Tranche was those to be additional dollars. that drivers. And in

it's reprice be you it's as and be through -- in think last bigger original several the years, about most all inflation to when go than likely going going So amount. the they that, to of

Operator

of Scotiabank. Our Weisel next the with caller from Andrew comes line

Andrew Weisel

Illinois. First on question

timing. of question a Just

the of up? up Could to point would the state? year. update mentioned about see of in XXXX all So are a Illinois you reallocating X capital last unlikely we fall be with into until in will CapEx dockets those might At the update go or show some the back for it wrapped you to start months uncertainty what when consider into the

Scott Lauber

and you an Well, year. there's in program know process will being the the also and be where Illinois, future it. S&P first next filing looked the about there's that's of gas more quarter we'll think at. our -- first There's also XXXX. natural get we look we'll in When stakeholders at on involved of And IRP

little look in capital opportunities plans our together So year, think about growth. the conservative this just more we and we fall as until at that a additional have of we'll to know, as you clarity. And capital there's for going as we it, be we're Illinois pull a when the pretty of lot of outside

Andrew Weisel

That sense. makes

to the to Xia. Last X% you for to you If it question it Originally, Next X%. X%. quarter, X% I X%. right not you're heard to up be X% O&M, was on said up projecting up

give that is good this Can getting examples? really progress. is parts? on a just better? the us of detail you little outlook moving better some and those What it So are bit is How

Liu Xia

Andrew, understands every quarter. manager first very a in that unit had we business the mild

be about across labor very clear that it the Benefits made all using quarter. we expected highly I to be also we board, versus looking first in offset need at on So lower, to would and are the headwind the focused to We're the it's weather contractors O&M say. angles lower. internal

So.

Andrew Weisel

of onetime the or thing to going savings Relative you these would original to Okay. most budget, call of sustainable? be it some

Liu Xia

think It's of also initiatives onetime both. to sustainable. the also I across is board, continue which a of driving focus combination but combination a it's efficiency on

Scott Lauber

having when it warm you also, the of you the like quarter, you don't number think first in as leaks system. gas about And would have a

So less. things are some naturally

little significant a gas bit we got and had we've some storms. O&M on system less the So

across really onetime cost, storms control and do warmer asked to we've weather, of the everyone some and So the units between things business the here. kind really

are on of we had to had are other storms some system. hand, making to of because the program actually damage the actively because of have storms responding our bigger to we have forestry sure and the work some the storms On the continuing

So to our customer reliability along balance we with really want savings.

Andrew Weisel

picky Then minus one Corporate just for very other, and this $X.XX taxes one. it. quarter. Got

what's expectation the year, net us plus first think X or just something should full $X.XX the out to for else? that the I it Will you was remind quarter. in

Liu Xia

would It be slightly positive.

Illinois. driven had why the timing by and a large in pattern the tax timing shift the the the earnings first about opposite reason think in you If -- that quarter. of is in we second quarter Part

had the and tax delay follow I'm deferral So the the sorry, we a Delilah. two, of pattern dollars earnings --

that online of we reflected the second as So the of in Delilah dollars the follow. quarter. is tax end put year, we But expect to part

Operator

question the Wells Kalton from comes Securities. with next Our Fargo line Neil of

Neil Kalton

A of opportunity. Microsoft acreage lot the on here. Just

we that going that start Is do clarity potential related have to think to or plan? could opportunities CapEx point what spend some, like into think in the like 'XX, or the some is more potentially you flowing 'XX As about at forward, we refreshes 'XX? time you'll see of incremental this

Scott Lauber

Sure. -- Neil. the Thanks And actually thanks, question. for

actually we're those the for money So Transmission Company, board. and generation we're between the and the us some in spending across of economic -- on it's some now actually support of American have the substations and orders development to we some

going it's that we 'XX those to approval our So and support get generation We're in needs see to on some to at commission then renewables the add we orders 'XX, be you'll and so, 'XX as portfolio. next generation. for released the in or the renewables more filing also, month even that addition as continue

'XX time spending will that 'XX, So probably frame. in be that

Neil Kalton

Okay.

of that kind you right? it's kind tied it in. of anticipate over overall, not happening this comes like kind we things need overall, to and Is broadly to of sort a in start more bit clarity, more Microsoft just time, of it's slow as have So the thing, so and

Scott Lauber

think it once XXXX to Exactly. only I our continue we'll through they And plan. plans they'll plan that to ramp I X-year imagine adding provided as in, is But is long extremely we growth our remember, the 'XX. really And continue start they get capital to up. work through us through it. their

Operator

from question comes line Jeremy with next the of JPMorgan. Tonet Our

Jeremy Tonet

come Wisconsin, I to back with want here. vote recent the just if I could, to commission

vote, the point? commission Just the this what wondering from with split you I direction guess, of take thoughts that, on at the any

Scott Lauber

No.

tell. to of kind it's think I early

information, think between I staff economics were had a the just we information think benefits understand he their so this on, staff, maybe for additional got they on this, and and the to our the they is it. mentioned don't just and full communication I some looking and and of

we'll it. order, So review the get we'll

you the right, end, And comments, think to ask this. for didn't right not they too. in they pull when have the the information on We'll overly reconsideration they have together the decision their is for listen all concerned to what and information, make if I'm

them really So I appreciate case. evaluating each

I too this over much. read over into So won't

Jeremy Tonet

That's helpful. it. Got

Operator

[Operator the Instructions] Partners. with Our next Shahr line question Pourreza Guggenheim comes of from

Shahriar Pourreza

we're know half closer to of year. I back the the getting Scott,

how Beach getting sort end. guess of and conversations Point on are this sort NextEra you've a about PPA to Just year coming ahead going of potentially we're too updates? or Any forward know with path new I talked another the of PPA sort as I there?

Scott Lauber

It's at really good to NextEra, had conversations report nothing we've with productive really time. -- this but really

still stay we're tuned this, on working and it. So but discussions, in to

Operator

Glenrock comes Patterson the question line last Paul from Our of with Associates.

Paul Patterson

So just this in one Court at Illinois. appeal Appellate that question point. the And Illinois at is gas the

Just you any frame resolution of that? timing get when a think you might to

Scott Lauber

come on didn't too apologize. It gas? I future the clear of

Paul Patterson

No, no.

think from that might So you happening? a And guys appealed when you the orders in Illinois Appeal be Court. I was wondering just decision

Scott Lauber

X. or year a take to going it's anticipate I

Paul Patterson

Okay. it me. for Yes, Long that's time.

Scott Lauber

you that' concludes our Thank conference today. for for Well, you. call Thank participating.

as XXX-XXXX. have questions, you to free feel Straka any at Beth Thank you. (XXX) always If call

WEC Energy (WEC) 31 Jul 242024 Q2 Earnings call transcript