Bulletin: WEC Energy Group Inc. Is Expected To Issue Equity To Support Capital Spending Growth - S&P Global Ratings’ Credit Research

Bulletin: WEC Energy Group Inc. Is Expected To Issue Equity To Support Capital Spending Growth

Bulletin: WEC Energy Group Inc. Is Expected To Issue Equity To Support Capital Spending Growth - S&P Global Ratings’ Credit Research
Bulletin: WEC Energy Group Inc. Is Expected To Issue Equity To Support Capital Spending Growth
Published Nov 09, 2023
2 pages (1121 words) — Published Nov 09, 2023
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Abstract:

DALLAS (S&P Global Ratings) Nov. 9, 2023--S&P Global Ratings today said WEC Energy Group Inc.'s (A-/Negative/A-2) latest capital spending and funding plans are mixed from a credit standpoint. The company expects to spend $23.4 billion between 2024 and 2028 to support, in part, economic growth in the Milwaukee region, which is experiencing significant increases in electric and natural gas volumetric demand. In addition, the company expects coal-fired generation to be phased out in 2030 and used only as a back-up fuel for the following two years. In addition, while we previously expected the company to disproportionately fund its capital plan with debt, offset by any proceeds from tax credits transferred under the Inflation Reduction Act, WEC recently announced the inclusion

  
Brief Excerpt:

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Report Type:

Bulletin

Ticker
WEC
Issuer
WEC Energy Group Inc.
GICS
Multi-Utilities (55103010)
Sector
Global Issuers
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Bulletin: WEC Energy Group Inc. Is Expected To Issue Equity To Support Capital Spending Growth" Nov 09, 2023. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-WEC-Energy-Group-Inc-Is-Expected-To-Issue-Equity-To-Support-Capital-Spending-Growth-3086981>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: WEC Energy Group Inc. Is Expected To Issue Equity To Support Capital Spending Growth Nov 09, 2023. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-WEC-Energy-Group-Inc-Is-Expected-To-Issue-Equity-To-Support-Capital-Spending-Growth-3086981>
  
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