WEC Energy Group Unveils $37.5B Capital Plan, Targets 7-8% EPS Growth
Summary
WEC Energy Group presented a June 2026 investor update, detailing a substantial $37.5 billion capital plan for 2026-2030, targeting 7-8% long-term EPS growth. This follows an April 1st 8-K announcing a $1 billion increase to its five-year capital plan and a May 11th news item from Wiseek News also mentioning a $37.5 billion capital expenditure plan. The current update provides more specific details, including $12.6 billion for regulated renewables and funding through $5.3B-$5.7B in equity and $14.2B-$14.8B in incremental debt. This aggressive investment strategy, exceeding the company's current market cap, is expected to drive significant future earnings. New rates from Wisconsin and Illinois base rate cases are expected to be effective January 1, 2027, with orders due Q4 2026.
At the time of this announcement, WEC was trading at $108.60 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $35.4B. The 52-week trading range was $102.49 to $119.62. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.