WEC Energy Group Furnishes September 2026 Investor Presentation via Form 8-K

Overview of Filing

On September 4, 2026, WEC Energy Group, Inc. filed a Current Report on Form 8-K under Item 7.01 (Regulation FD Disclosure) and Item 9.01 (Financial Statements and Exhibits) to furnish its updated September 2026 Investor Presentation (Exhibit 99.1).

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Key Highlights from Investor Update (Exhibit 99.1)

1. Long-Term Financial Outlook:

   • 2026 EPS Guidance: Range of $5.51 to $5.61 per share (midpoint $5.56).
   • Long-Term EPS Growth: Target of 7.0% to 8.0% CAGR through 2030.
   • Dividend Growth: 6.5%–7.0% expected dividend growth rate with a target payout ratio of 65%–70% of earnings.

2. Capital Expenditure Plan (2026–2030):

   • Total Projected Spend: $37.5 billion across utility operations and transmission.
   • Renewable Generation & Storage: $12.6 billion allocated ($7.9B solar, $2.9B battery storage, $1.8B wind).
   • Thermal Generation & LNG: $7.4 billion ($6.1B thermal, $1.3B LNG storage).
   • Transmission (ATC portion): $4.1 billion.

3. Load Growth & Data Center Expansion:

   • Forecasting 3.9 GW (~45%) increase in electric demand from 2026 to 2030.
   • Key large-load projects along the I-94 corridor include Microsoft's $20B+ data center campus (2.6 GW demand forecasted through 2030) and Vantage Data Centers / Oracle / OpenAI campus (1.3 GW demand forecasted through 2030).

4. Regulatory & Policy Updates:

   • Wisconsin VLC Tariff: Approved by PSCW on May 21, 2026, establishing a 57% equity ratio and 10.48%–10.98% ROE range for qualifying large customers (≥100 MW).
   • Illinois Rider Settlement: Approved 5-0 by ICC on May 21, 2026, resolving multi-year QIP and UEA rider reconciliation dockets.