Additional wind generation, along with proposed utility-scale solar facilities, will help WEC Energy Group Inc. (WEC) lower emissions and reduce the proportion of coal-based generation. We expect the company to fund these investments in a credit-supportive manner. WEC is one of the larger electric utilities in U.S. and delivers electricity and natural gas to about 4.5 million customers in four states. This diversity minimizes the impact of adverse regulatory decisions or regional economic difficulties. All jurisdictions have constructive regulatory frameworks that provide for the timely recovery of approved capital expenditures, as well as fuel and natural gas cost and various operating expense recoveries. These investments will help the company to create additional cost recovery opportunities, leading to incremental cash flows,
