WEC Energy Group Projects 7-8% Long-Term EPS Growth; $37.5B Capital Plan
WEC Energy Group provided an investor update for August 2026, projecting robust long-term earnings per share growth of 7.0% to 8.0% and a strong dividend growth rate of 6.5-7%. The company outlined its largest-ever five-year capital plan of $37.5 billion for 2026-2030, entirely allocated to regulated businesses. Key initiatives include significant investments in regulated renewables, thermal generation, and LNG capacity, alongside approvals for a Very Large Customer (VLC) tariff and progress on Wisconsin and Illinois rate reviews.
Key Highlights
- Projected long-term EPS growth of 7.0% to 8.0% compound annual basis.
- Targeting dividend growth of 6.5-7%, with an annual rate of $3.81 per share.
- Announced a $37.5 billion capital plan for 2026-2030, fully allocated to regulated businesses.
- Approved Wisconsin Very Large Customer (VLC) Tariff for customers with 100 MW+ new load.
- Wisconsin rate reviews propose 2027 electric increases of 4.7% (WE) and 6.3% (WPS).
- Illinois Rider Settlement approved, including a $130 million gross plant reduction.
- Forecasted 2.6 GW of demand through 2030 along the I-94 Milwaukee to Chicago corridor.
- Net carbon neutral electric generation goal by end of 2050.
Price Impact
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