WEC Energy Group, Inc. (WEC)

79.61 -0.02 (-0.03%) As of 12:04PM EDT. Market open.

WEC Energy Group, Inc.

231 West Michigan Street
PO Box 1331
Milwaukee, WI 53201
United States
414 221 2345
https://www.wecenergygroup.com

Sector(s): Utilities
Industry: Utilities - Regulated Electric
Full-time employees: 7,000

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Gale E. Klappa	Executive Chairman of the Board	5M	N/A	1951
Mr. Scott J. Lauber	President, CEO & Director	4.74M	N/A	1966
Ms. Xia Liu C.F.A.	Executive VP & CFO	2.61M	N/A	1970
Ms. Margaret C. Kelsey	Executive VP, General Counsel & Corporate Secretary	1.73M	N/A	1965
Mr. Robert M. Garvin	Executive Vice President of External Affairs	1.4M	N/A	1967
Mr. William Mastoris	Executive Vice President of Customer Service & Operations	N/A	N/A	1964
Mr. William J. Guc	VP, Controller & Principal Accounting Officer	N/A	N/A	1970
Ms. Molly A. Mulroy	Executive VP & Chief Administrative Officer	N/A	N/A	1976
Ms. Mary Beth Straka CPA	Senior Vice President of Corporate Communications & Investor Relations	N/A	N/A	1965
Mr. James A. Schubilske	VP & Chief Audit Officer	N/A	N/A	1966

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

WEC Energy Group, Inc., through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. It operates through Wisconsin, Illinois, Other States, Electric Transmission, and Non-Utility Energy Infrastructure segments. The company generates and distributes electricity from coal, natural gas, oil, and nuclear, as well as renewable energy resources, including wind, solar, hydroelectric, and biomass; and distributes and transports natural gas. It also owns, maintains, monitors, and operates electric transmission systems; and generates, distributes, and sells steam. As of December 31, 2023, the company operated approximately 35,500 miles of overhead distribution lines and 36,500 miles of underground distribution cables, as well as 430 electric distribution substations and 523,700 line transformers; approximately 46,400 miles of natural gas distribution mains; 1,700 miles of natural gas transmission mains; 2.4 million natural gas lateral services; 490 natural gas distribution and transmission gate stations; and 69.3 billion cubic feet of working gas capacities in underground natural gas storage fields. The company was formerly known as Wisconsin Energy Corporation and changed its name to WEC Energy Group, Inc. in June 2015. WEC Energy Group, Inc. was founded in 1896 and is headquartered in Milwaukee, Wisconsin.

Corporate governance

WEC Energy Group, Inc.’s ISS governance QualityScore as of 1 April 2024 is 4. The pillar scores are Audit: 10; Board: 4; Shareholder rights: 4; Compensation: 1.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.