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LONG TERM DEBT | 6 Months Ended
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Jun. 30, 2018
Long-term Debt, Unclassified [Abstract] |
Long Term Debt | LONG-TERM DEBT WEC Energy Group, Inc. In June 2018, we issued $600.0 million of 3.375% Senior Notes due June 15, 2021. The net proceeds were used to repay short-term debt, including short-term debt used to redeem at par all $114.9 million outstanding principal amount of Integrys' 2006 Junior Notes, to repay all $300.0 million of our 1.65% Senior Notes that matured in June 2018, and for working capital and general corporate purposes. Wisconsin Electric Power Company In July 2018, WE redeemed all $80.0 million outstanding of its series of tax-exempt pollution control refunding bonds. Since August 2009, the bonds were outstanding, but were not reported in our long-term debt because they were held by WE. In June 2018, WE's $250.0 million of 1.70% Debentures matured, and the outstanding principal was paid with proceeds received from issuing commercial paper. Integrys Holding, Inc. In May 2018, Integrys redeemed at par all $114.9 million outstanding of its 2006 Junior Notes. Interest Rate Swap In July 2018, we executed two interest rate swaps with a combined notional value of $250.0 million to hedge the variable interest rate risk associated with our 2007 Junior Notes. The swaps will provide a fixed interest rate of 4.9765% on $250.0 million of the $500.0 million outstanding of 2007 Junior Notes through November 15, 2021.

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- Definition The entire disclosure for debt and capital lease obligations can be reported. Information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Also includes descriptions and amounts of capital leasing arrangements that consist of direct financing, sales type and leveraged leases. Disclosure may include the effect on the balance sheet and the income statement resulting from a change in lease classification for leases that at inception would have been classified differently had guidance been in effect at the inception of the original lease. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -URI http://asc.fasb.org/topic&trid=2208923 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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- References No definition available. + Details
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