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SHORT-TERM DEBT AND LINES OF CREDIT (Tables)

3 Months Ended

Mar. 31, 2020

Short-term Debt [Abstract]

Schedule of short-term borrowings and weighted-average interest rates

The following table shows our short-term borrowings and their corresponding weighted-average interest rates:

(in millions, except percentages)		March 31, 2020				December 31, 2019
Commercial paper
Amount outstanding		$	487.2			$	830.8
Weighted-average interest rate on amounts outstanding		3.03		%		2.00		%
Term loan
Amount outstanding		$	340.0			$	—
Weighted-average interest rate on amounts outstanding		2.12		%		n/a

Schedule of credit agreements and remaining available capacity

The information in the table below relates to our term loan agreement and our revolving credit facilities used to support our commercial paper borrowing programs, including available capacity under these credit agreements:

(in millions)		Maturity		March 31, 2020
Term loan agreement (WEC Energy Group)		March 2021		$	340.0
Revolving credit facility (WEC Energy Group)		October 2022		1,200.0
Revolving credit facility (WE)		October 2022		500.0
Revolving credit facility (WPS)		October 2022		400.0
Revolving credit facility (WG)		October 2022		350.0
Revolving credit facility (PGL)		October 2022		350.0
Total short-term credit capacity				$	3,140.0
Less:
Letters of credit issued inside credit facilities				$	2.3
Term loan outstanding				340.0
Commercial paper outstanding				487.2
Available capacity under existing credit agreements				$	2,310.5

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- Definition

Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19(b),22(b))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

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- Definition

Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

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