WECWEC Energy Group
For more information about our business operations, including financial and geographic information, see Note 22, Segment Information, and Item 7. 10-K, Item 1
- Headquarters
- Milwaukee, WI
- Next results
- around Jan 4, 2027
What the 10-K filed 2026-02-20 says about risks that are not on the face of the balance sheet, from the notes to the financial statements, Legal Proceedings and the MD&A (and, for big customers and key suppliers, Business and Risk Factors). Tickdelta picks sentences with specifics (amounts, accruals, covenant ratios) and quotes them as filed. New marks a sentence with nothing like it in the 10-K filed 2025-02-21.
Big customers
Customers the company names as a large share of revenue or receivables (it must name any worth 10% of revenue).
“There were no customers that accounted for more than 10% of our revenues for the year ended December 31, 2025.”
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Key suppliers
Parts or manufacturing that depend on one or a few suppliers.
“Cash collections from the environmental control charge and funds on deposit in trust accounts are the sole sources of funds to satisfy the debt obligation.”
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Lawsuits and legal claims
2 newPending cases, settlements and what the company has set aside for them.
New “In October 2024, PGL filed a petition with the Illinois Appellate Court for review of the ICC's August 2024 order; however, in January 2026, PGL filed an unopposed motion to stay the appeal, which was granted by the court.”
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“When a complaint was filed arguing the base ROE for MISO transmission owners,”
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“Circuit Court of Appeals Opinion – Since several petitions for review were filed with the D.C.”
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“In November 2013, a complaint was filed arguing the base ROE for MISO transmission owners was too high.”
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New “In February 2025, the State of Wisconsin filed a petition for review of this reclassification in the United States Court of Appeals for the Seventh Circuit.”
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Guarantees and indemnities
Promises to pay someone else's debts or losses if they cannot.
“In December 2024, the DOE issued to WE a conditional commitment for a federal loan guarantee for up to $2.5 billion of borrowings that would be used by WE to fund a portion of the costs to construct certain utility-scale renewable generation projects.”
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“Standby letters of credit (1) $ 188.2 $ 30.7 $ 30.2 $ 127.3”
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“Total guarantees $ 244.3 $ 77.1 $ 30.3 $ 136.9”
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Debt covenants
Conditions in loan agreements that, if broken, can make debt due early.
“At December 31, 2025, we were in compliance with all such covenants related to outstanding short-term and long-term debt.”
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“We expect to be in compliance with all such debt covenants for the foreseeable future.”
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“The credit facilities also contain customary events of default, including payment defaults, material inaccuracy of representations and warranties, covenant defaults, bankruptcy proceedings, certain judgments, Employee Retirement Income Security Act of 1974 defaults, and change of control.”
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“In addition, pursuant to the terms of WEC Energy Group's credit agreement, we must ensure that certain of our subsidiaries comply with several of the covenants contained therein.”
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Commitments off the balance sheet
1 newContracts the company must pay for later: purchase obligations, take-or-pay deals.
New “For information on the securitization of this $100 million, see Note 23, Variable Interest Entities.”
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Sentences are chosen by their words, not read by AI, so some can be off topic. Always check the filing. Open the 10-K ↗
Work on WEC in a spreadsheet:
Excel workbook (a sheet per section, ten years by column, charts, links to the filings) ·
CSV.
For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/WEC/export.csv") into a cell.