Wisconsin Public Service Corp. (WPS), along with two other utilities, purchased two wind energy generation facilities for about $260 million. We view these facilities as a positive for WPS since the facilities help WPS decarbonize its generation portfolio. WPS has a customer base made up of about 435,000 electric customers and 330,000 natural gas customers. 95% of operations are in Wisconsin with the remaining 5% in Michigan, contributing to limited operational diversity. Dividends and capital expenditures, including wind farm generation investments, will continue to contribute to negative discretionary cash flow, which we expect will be partly debt funded. The stable rating outlook over the next two years on WPS reflects that of parent WEC Energy Group Inc. (WEC). This incorporates
