SEGMENT INFORMATION

At September 30, 2018, we reported six segments, which are described below.


•	The Wisconsin segment includes the electric and natural gas utility operations of WE, WG, WPS, and UMERC.


•	The Illinois segment includes the natural gas utility and non-utility operations of PGL and NSG.


•	The other states segment includes the natural gas utility and non-utility operations of MERC and MGU.

•

The electric transmission segment includes our approximate 60% ownership interest in ATC, a for-profit, transmission-only company regulated by the FERC for cost of service and certain state regulatory commissions for routing and siting of transmission projects, and our approximate 75% ownership interest in ATC Holdco, which invests in transmission-related projects outside of ATC's traditional footprint.

•

The non-utility energy infrastructure segment includes We Power, which owns and leases generating facilities to WE, Bluewater, which owns underground natural gas storage facilities in Michigan that provide approximately one-third of the current storage needs for our Wisconsin natural gas utilities, and our 80% membership interest in Bishop Hill III, a wind generating facility located in Henry County, Illinois. See Note 2, Acquisitions, for more information on Bluewater and Bishop Hill III.

•

The corporate and other segment includes the operations of the WEC Energy Group holding company, the Integrys holding company, the Peoples Energy, LLC holding company, Wispark LLC, Bostco, Wisvest LLC, Wisconsin Energy Capital Corporation, WEC Business Services LLC, and PDL. In the first quarter of 2017, we sold substantially all of the remaining assets of Bostco, and, in October 2018, Bostco was dissolved. See Note 3, Disposition, for more information on this sale.

All of our operations are located within the United States. The following tables show summarized financial information related to our reportable segments for the three and nine months ended September 30, 2018 and 2017:



	Utility Operations
(in millions)	Wisconsin		Illinois		Other States			Total Utility Operations		Electric Transmission		Non-Utility Energy Infrastructure		Corporate and Other			Reconciling Eliminations			WEC Energy Group Consolidated
Three Months Ended
September 30, 2018
External revenues	$	1,388.7	$	197.9	$	50.2		$	1,636.8	$	—	$	4.5	$	2.4		$	—		$	1,643.7
Intersegment revenues	—		—		—			—		—		110.7		—			(110.7		)	—
Other operation and maintenance	525.0		104.5		23.0			652.5		—		3.0		(4.4		)	(98.0		)	553.1
Depreciation and amortization	137.2		43.0		6.4			186.6		—		19.1		7.1			—			212.8
Operating income (loss)	201.4		15.5		(5.4		)	211.5		—		91.6		(0.4		)	—			302.7
Equity in earnings of transmission affiliates	—		—		—			—		33.7		—		—			—			33.7
Interest expense	49.6		12.8		2.1			64.5		—		15.9		32.9			(1.3		)	112.0



	Utility Operations
(in millions)	Wisconsin		Illinois		Other States			Total Utility Operations		Electric Transmission		Non-Utility Energy Infrastructure		Corporate and Other			Reconciling Eliminations			WEC Energy Group Consolidated
Three Months Ended
September 30, 2017
External revenues	$	1,401.3	$	187.2	$	49.8		$	1,638.3	$	—	$	13.6	$	5.6		$	—		$	1,657.5
Intersegment revenues	—		—		—			—		—		111.6		—			(111.6		)	—
Other operation and maintenance *	460.5		99.0		21.5			581.0		—		1.5		(0.4		)	(109.0		)	473.1
Depreciation and amortization	131.5		38.9		6.3			176.7		—		18.2		6.3			—			201.2
Operating income (loss) *	277.5		14.3		(3.0		)	288.8		—		103.4		—			—			392.2
Equity in earnings of transmission affiliates	—		—		—			—		39.2		—		—			—			39.2
Interest expense	48.5		11.0		2.3			61.8		—		16.2		25.4			0.4			103.8


*	Includes the retroactive restatement impacts of the implementation of ASU 2017-07. See Note 15, Employee Benefits, for more information on this new standard.



	Utility Operations
(in millions)	Wisconsin		Illinois		Other States		Total Utility Operations		Electric Transmission		Non-Utility Energy Infrastructure		Corporate and Other			Reconciling Eliminations			WEC Energy Group Consolidated
Nine Months Ended
September 30, 2018
External revenues	$	4,303.3	$	973.2	$	292.5	$	5,569.0	$	—	$	26.8	$	6.9		$	—		$	5,602.7
Intersegment revenues	—		—		—		—		—		323.5		—			(323.5		)	—
Other operation and maintenance	1,495.9		320.8		74.5		1,891.2		—		9.2		(2.5		)	(295.2		)	1,602.7
Depreciation and amortization	406.9		125.7		17.5		550.1		—		55.7		22.3			—			628.1
Operating income (loss)	670.2		204.8		38.9		913.9		—		277.0		(12.3		)	—			1,178.6
Equity in earnings of transmission affiliates	—		—		—		—		95.2		—		—			—			95.2
Interest expense	147.5		37.4		6.3		191.2		—		48.0		91.2			(3.2		)	327.2



	Utility Operations
(in millions)	Wisconsin		Illinois		Other States		Total Utility Operations		Electric Transmission		Non-Utility Energy Infrastructure		Corporate and Other			Reconciling Eliminations			WEC Energy Group Consolidated
Nine Months Ended
September 30, 2017
External revenues	$	4,316.6	$	965.7	$	273.4	$	5,555.7	$	—	$	26.1	$	11.7		$	—		$	5,593.5
Intersegment revenues	—		—		—		—		—		333.2		—			(333.2		)	—
Other operation and maintenance *	1,385.9		321.0		73.0		1,779.9		—		4.6		3.5			(330.6		)	1,457.4
Depreciation and amortization	391.1		112.6		18.4		522.1		—		53.1		18.3			—			593.5
Operating income (loss) *	829.6		214.9		35.2		1,079.7		—		299.5		(10.1		)	—			1,369.1
Equity in earnings of transmission affiliates	—		—		—		—		122.9		—		—			—			122.9
Interest expense	145.4		33.0		6.5		184.9		—		46.7		81.3			(2.5		)	310.4


*	Includes the retroactive restatement impacts of the implementation of ASU 2017-07. See Note 15, Employee Benefits, for more information on this new standard.