WELPP on OTC
WISCONSIN ELECTRIC POWER CO
We are a subsidiary of WEC Energy Group and were incorporated in the state of Wisconsin in 1896.4 From its latest annual report
$63.00 up 0.00 (0.00%)Price as of Oct 15, 2026 at 17:33 UTC
Last updated Oct 19, 2026.
Overview
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- TickerWELPP on OTC1
- IndustryElectric Services1
- HeadquartersMilwaukee, Wisconsin1
- Incorporated inWI3
- Business address231 W Michigan St, Po Box 2046, Milwaukee, Wi 53290-00013
- Filer categoryNon-accelerated filer3
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We are a subsidiary of WEC Energy Group and were incorporated in the state of Wisconsin in 1896. We maintain our principal executive offices in Milwaukee, Wisconsin and serve customers in Wisconsin. We conduct our business primarily through our utility reportable segment.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue33¢$1.5B
- Other costs64¢$2.9B
- Income tax3¢$115.0M
Out of $4.5B in revenue.5
Where each dollar of operating cash went, fiscal 2025
- Capital spending100¢$2.7B
Out of $1.1B of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.5
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Operating revenues | $4.5B | $4.0B | $4.0B |
| Cost of sales | $1.5B | $1.3B | $1.5B |
| Other operation and maintenance | $1.1B | $937.9M | $931.1M |
| Depreciation and amortization | $629.9M | $573.7M | $525.0M |
| Property and revenue taxes | $120.2M | $106.8M | $115.3M |
| Total operating expenses | $3.3B | $2.9B | $3.0B |
| Operating income | $1.2B | $1.1B | $1.0B |
| Other income, net | $62.9M | $79.0M | $68.8M |
| Interest expense | $490.7M | $489.4M | $466.5M |
| Other expense | -$427.8M | -$410.4M | -$397.7M |
| Income before income taxes | $743.0M | $650.8M | $624.5M |
| Income tax expense | $115.0M | $136.4M | $142.7M |
| Net income | $628.0M | $514.4M | $481.8M |
| Preferred stock dividend requirements | $1.2M | $1.2M | $1.2M |
| Net income attributed to common shareholder | $626.8M | $513.2M | $480.6M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $0 | $400.0K | $6.1M |
| Materials, supplies, and inventories | $322.7M | $354.8M | |
| Prepaid taxes | $115.8M | $139.8M | |
| Other prepayments | $30.1M | $24.9M | |
| Other | $24.3M | $23.2M | |
| Current assets | $1.4B | $1.3B | |
| Property, plant, and equipment, net of accumulated depreciation and amortization of $6,373.9 and $5,952.3, respectively | $15.2B | $12.8B | |
| Regulatory assets (December 31, 2025 and December 31, 2024 include $67.5 and $76.5, respectively, related to WEPCo Environmental Trust) | $2.9B | $2.9B | |
| Pension and OPEB assets | $105.8M | $79.2M | |
| Other | $85.4M | $90.5M | |
| Long-term assets | $18.3B | $15.9B | |
| Total assets | $19.7B | $17.2B | |
| Short-term debt | $680.6M | $179.9M | |
| Current portion of long-term debt (December 31, 2025 and December 31, 2024 include $9.3 and $9.2, respectively, related to WEPCo Environmental Trust) | $9.3M | $259.2M | |
| Current portion of finance lease obligations | $113.4M | $99.3M | |
| Other | $232.3M | $184.6M | |
| Current liabilities | $1.8B | $1.5B | |
| Finance lease obligations | $2.7B | $2.7B | |
| Deferred income taxes | $1.7B | $1.7B | |
| Regulatory liabilities | $1.8B | $1.8B | |
| Other | $478.7M | $348.6M | |
| Long-term liabilities | $11.1B | $10.2B | |
| Common Stock, Shares, Issued | 33.3M shares | 33.3M shares | |
| Common stock $10 par value; 65,000,000 shares authorized; 33,289,327 shares outstanding | $332.9M | $332.9M | |
| Additional paid in capital | $3.9B | $2.7B | |
| Retained earnings | $2.5B | $2.4B | |
| Common shareholder's equity | $6.7B | $5.5B | |
| Preferred stock | $30.4M | $30.4M | |
| Total liabilities and equity | $19.7B | $17.2B | |
| Accounts receivable and unbilled revenues, reserves | $39.7M | $46.9M | |
| Property, plant, and equipment, accumulated depreciation and amortization | $6.4B | $6.0B | |
| Common stock, par value | $10.00 | $10.00 | |
| Common stock, shares outstanding | 33.3M shares | 33.3M shares | |
| Long-term debt (December 31, 2025 and December 31, 2024 include $67.4 and $76.4, respectively, related to WEPCo Environmental Trust) | $4.5B | $3.7B | |
| Common Stock, Shares Authorized | 65.0M shares | 65.0M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $0 | $400.0K | $6.1M |
| Materials, supplies, and inventories | $322.7M | $354.8M | |
| Prepaid taxes | $115.8M | $139.8M | |
| Other prepayments | $30.1M | $24.9M | |
| Other | $24.3M | $23.2M | |
| Current assets | $1.4B | $1.3B | |
| Property, plant, and equipment, net of accumulated depreciation and amortization of $6,373.9 and $5,952.3, respectively | $15.2B | $12.8B | |
| Regulatory assets (December 31, 2025 and December 31, 2024 include $67.5 and $76.5, respectively, related to WEPCo Environmental Trust) | $2.9B | $2.9B | |
| Pension and OPEB assets | $105.8M | $79.2M | |
| Other | $85.4M | $90.5M | |
| Long-term assets | $18.3B | $15.9B | |
| Total assets | $19.7B | $17.2B | |
| Short-term debt | $680.6M | $179.9M | |
| Current portion of long-term debt (December 31, 2025 and December 31, 2024 include $9.3 and $9.2, respectively, related to WEPCo Environmental Trust) | $9.3M | $259.2M | |
| Current portion of finance lease obligations | $113.4M | $99.3M | |
| Other | $232.3M | $184.6M | |
| Current liabilities | $1.8B | $1.5B | |
| Finance lease obligations | $2.7B | $2.7B | |
| Deferred income taxes | $1.7B | $1.7B | |
| Regulatory liabilities | $1.8B | $1.8B | |
| Other | $478.7M | $348.6M | |
| Long-term liabilities | $11.1B | $10.2B | |
| Common Stock, Shares, Issued | 33.3M shares | 33.3M shares | |
| Common stock $10 par value; 65,000,000 shares authorized; 33,289,327 shares outstanding | $332.9M | $332.9M | |
| Additional paid in capital | $3.9B | $2.7B | |
| Retained earnings | $2.5B | $2.4B | |
| Common shareholder's equity | $6.7B | $5.5B | |
| Preferred stock | $30.4M | $30.4M | |
| Total liabilities and equity | $19.7B | $17.2B | |
| Accounts receivable and unbilled revenues, reserves | $39.7M | $46.9M | |
| Property, plant, and equipment, accumulated depreciation and amortization | $6.4B | $6.0B | |
| Common stock, par value | $10.00 | $10.00 | |
| Common stock, shares outstanding | 33.3M shares | 33.3M shares | |
| Long-term debt (December 31, 2025 and December 31, 2024 include $67.4 and $76.4, respectively, related to WEPCo Environmental Trust) | $4.5B | $3.7B | |
| Common Stock, Shares Authorized | 65.0M shares | 65.0M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $628.0M | $514.4M | $481.8M |
| Depreciation and amortization | $629.9M | $573.7M | $525.0M |
| Deferred income taxes and ITCs, net | $20.2M | $109.7M | $20.7M |
| Net change in transmission regulatory asset and liability | -$25.3M | -$9.0M | $18.4M |
| Accounts receivable and unbilled revenues, net | -$149.4M | -$18.9M | -$4.6M |
| Materials, supplies, and inventories | $32.1M | -$44.2M | -$12.8M |
| Prepaid taxes | $24.0M | -$27.1M | $400.0K |
| Collateral on deposit | -$7.3M | $21.8M | $20.0M |
| Other current assets | -$5.2M | -$2.7M | -$5.2M |
| Accounts payable | -$3.1M | $92.3M | -$41.3M |
| Other current liabilities | $40.4M | $13.8M | -$8.2M |
| Other, net | -$56.5M | $40.7M | -$55.1M |
| Net cash provided by operating activities | $1.1B | $1.3B | $939.1M |
| Capital expenditures | -$2.7B | -$1.4B | -$1.1B |
| Acquisition of West Riverside | $0 | -$97.9M | -$95.3M |
| Acquisition of Whitewater | $0 | $0 | -$38.0M |
| Proceeds from the sale of assets | $200.0K | $1.3M | $24.3M |
| Reimbursement for ATC's transmission infrastructure upgrades | $33.1M | $7.6M | $0 |
| Payments for ATC's transmission infrastructure upgrades that will be reimbursed | -$16.4M | -$1.6M | -$16.5M |
| Other, net | $21.5M | -$4.4M | -$7.2M |
| Net cash used in investing activities | -$2.7B | -$1.5B | -$1.2B |
| Change in short-term debt | $500.7M | -$180.9M | -$99.9M |
| Issuance of long-term debt | $799.5M | $947.4M | $0 |
| Retirement of long-term debt | -$259.2M | -$309.0M | -$8.9M |
| Payments for finance lease obligations | -$100.3M | -$87.9M | -$77.0M |
| Equity contribution from parent | $1.2B | $150.0M | $805.0M |
| Payment of dividends to parent | -$600.0M | -$240.0M | -$370.0M |
| Other, net | -$8.9M | -$11.4M | -$1.2M |
| Net cash provided by financing activities | $1.6B | $268.2M | $248.0M |
| Net change in cash, cash equivalents, and restricted cash | $100.0K | -$5.0M | -$40.2M |
No quarter-by-quarter statement was filed.
Leadership
Who has led WISCONSIN ELECTRIC POWER CO, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chair
President
Chief financial officer
2010201520202025
- Chief executive officerGale E. Klappa Jan 10, 2018 to Jan 10, 201815
- ChairGale E. Klappa Jan 10, 2018 to Jan 10, 201815
- PresidentMichael Hooper Apr 1, 2024 to Apr 1, 202416
- Chief financial officerXia Liu Jun 3, 2020 to Jun 3, 202017
- Chief financial officerJames Patrick Keyes Sep 7, 2012 to Sep 7, 201218
Board members and other officers (18)
- Vice President and ControllerCaroline M. Garcia Sep 2, 2026 to now19
- Vice President and TreasurerAnthony Reese Oct 10, 2019 to Oct 10, 201920
- EVP and Gen CounselMargaret C. Kelsey Jan 3, 2018 to Jan 3, 201821
- Vice President & TreasurerJames A. Schubilske Apr 8, 2016 to Apr 8, 201622
- Exec. VP - GenerationTom Metcalfe Apr 8, 2016 to Apr 8, 201623
- Exec VP-HR & Org EffectivenessJoan M. Shafer Jul 9, 2015 to Jul 9, 201524
- Vice President and TreasurerScott J. Lauber Jul 9, 2015 to Jul 9, 201525
- Vice President & ControllerWilliam J. Guc Oct 23, 2015 to Oct 23, 201526
- Senior Vice PresidentRobert M. Garvin Apr 20, 2011 to Apr 20, 201127
- Senior Vice PresidentJoseph Kevin Fletcher Nov 3, 2011 to Nov 3, 201128
- Executive Vice PresidentJames C. Fleming Jan 3, 2006 to Jan 3, 200629
- Board memberKyle A. Hoops Apr 26, 2024 to Apr 26, 202430
- Board memberPaul J. Spicer Nov 10, 2021 to Nov 10, 202131
- Board memberWilliam Mastoris Nov 10, 2021 to Nov 10, 202132
- Board memberXia Liu Jun 3, 2020 to Jun 3, 202017
- Board memberHenry W. Knueppel Jan 18, 2013 to Jan 18, 201333
- Board memberPatricia Walsh Chadwick Jun 27, 2006 to Jun 27, 200634
- General counselSusan H. Martin Mar 9, 2012 to Mar 9, 201235
Timeline
- Jan 10, 2018New chief executive Gale E. Klappa becomes CEO15
Filings
76 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 13 major events, 5 insider forms, 1 large holders, 37 other. The latest 20:
- Sep 2, 20263 EDGAR
- Aug 24, 20268-K EDGAR
- Aug 20, 2026424B2 EDGAR
- Aug 19, 2026FWP EDGAR
- Aug 19, 2026424B5 EDGAR
- Aug 4, 202610-Q EDGAR
- Jun 4, 20268-K EDGAR
- Jun 2, 2026424B2 EDGAR
- Jun 1, 2026FWP EDGAR
- Jun 1, 2026424B5 EDGAR
- May 7, 202610-Q EDGAR
- May 6, 20268-K EDGAR
- Mar 26, 2026ARS EDGAR
- Mar 26, 2026DEF 14C EDGAR
- Mar 13, 20268-K EDGAR
- Mar 11, 2026424B2 EDGAR
- Mar 10, 2026FWP EDGAR
- Mar 10, 2026424B5 EDGAR
- Feb 20, 202610-K EDGAR
- Dec 5, 20258-K EDGAR
The 76 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Robert W. Baird & Co. IncSC 13G/A, 1 filing Feb 14, 202236
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 2Yahoo FinanceWELPP quote
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- 16SEC EDGARMichael Hooper, President
- 17SEC EDGARXia Liu, Chief financial officer
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- 23SEC EDGARTom Metcalfe, Exec. VP - Generation
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- 30SEC EDGARKyle A. Hoops, Board member
- 31SEC EDGARPaul J. Spicer, Board member
- 32SEC EDGARWilliam Mastoris, Board member
- 33SEC EDGARHenry W. Knueppel, Board member
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- 35SEC EDGARSusan H. Martin, General counsel
- 36