Overview Key strengths Key risks Rate-regulated electric and natural gas utility operations. Elevated capital-spending program requires ongoing balanced funding and timely cost recovery to support the credit profile. Large customer base of about 4.6 million with operations across four states, providing robust geographical and regulatory diversity. Financial measures at the weaker end of the benchmark range for the financial risk profile. Credit-supportive and constructive regulatory frameworks in all jurisdictions. The settlement includes $58 million for WG; $258 million for electric operations and $53 million for natural gas operations for WEPCO.; and $104 million for electric operations and $31 million for natural gas operations for WPSC. The settlement also includes an earnings-sharing mechanism for the WEC Energy Group Inc. (WEC) utilities,
