WEC Energy Group (WEC) official guidance

The asset base dedicated to these customers is projected to represent almost 30% of our total assets by 2031.

The updated plan is expected to support asset-based growth at a 13.4% compound annual growth rate.

Our asset base is expected to more than double over the next five years, with the electric business representing 80% of the asset base by 2031.

Our plan calls for us to invest approximately $5.3 billion in ATC projects between 2027 and 2031.

The plans in here ramp up to about $500 million a year spending starting in that 2028 timeframe as we continue to ramp.

As you may have seen from our announcement this morning, we expect to invest $47.5 billion in capital projects between 2027 and 2031.

We expect $19 billion to come from incremental debt, including hybrid instruments, and we plan to fund the remaining cash needs with $5 billion to $5.5 billion of common equity.

We expect to grow the dividend at a rate of 6.5%-7%, consistent with our past practice.

We are preparing to serve forecasted demand of 3.2 gigawatts in the I-94 region through 2031, with opportunity for further expansion.

We currently have 1.3 gigawatts of demand for this Vantage site in our forecast through 2031.

Overall, we expect our electric demand to grow 4.9 gigawatts between 2026 and 2031, an increase of 1 gigawatt compared to the prior plan.

When you look at 2029 to 2031, the base is very high. When you grow from a very high base, you continue to have a 6%-8%.

Today, we're raising and narrowing our earnings guidance for 2026 to a range of $5.60 to $5.64 per share, assuming normal weather for the remainder of the year.

This should drive compound annual earnings per share growth of 7% to 9+% from 2027 to 2031.

We feel good about the 0.5%-0.8%. It could be better than that.

Our plan includes an additional $1 billion to improve distribution infrastructure.

Between 2027 and 2031, we expect to invest an incremental $6.8 billion in modern, efficient natural gas generation versus the prior plan.

We are increasing planned investment in renewable generation and battery storage by $1.1 billion, with the total planned battery storage increased by $3 billion, while planned solar and wind investment decreased by $1.9 billion.

Over the next five years, we expect to generate $26 billion-$27 billion in cash from operations, funding more than half of our cash needs.

In total, by the end of 2030, we expect approximately 15% of our asset base to be dedicated to these very large customers.