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REGULATORY ENVIRONMENT (Tables) | 3 Months Ended
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Mar. 31, 2022
Regulated Operations [Abstract] |
Schedule of regulatory proposals | The requests reflected the following:
|  | WE |  | WPS |  | WG
Proposed 2023 rate increase |  |  |  |  |  |  |  |  |  |  |  |
Electric |  | $ | 260.5 | million | / | 8.4% |  | $ | 73.9 | million | / | 6.2% |  | N/A
Gas |  | $ | 50.7 | million | / | 10.7% |  | $ | 30.3 | million | / | 8.3% |  | $ | 60.1 | million | / | 8.3%
Steam |  | $ | 3.3 | million | / | 15.5% |  | N/A |  | N/A
Proposed ROE (1) |  | 10.0% |  | 10.0% |  | 10.2%
Proposed common equity component average on a financial basis (1) |  | 53.0% |  | 53.0% |  | 53.0%
(1) The proposed ROEs are consistent with each utilities' currently authorized ROE. The common equity component average for each utility is currently 52.5%.

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