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OPERATING REVENUES | 3 Months Ended
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Mar. 31, 2023
Revenue from Contract with Customer [Abstract] |
OPERATING REVENUES | OPERATING REVENUES For more information about our operating revenues, see Note 1(d), Operating Revenues, in our 2022 Annual Report on Form 10-K. Disaggregation of Operating Revenues The following tables present our operating revenues disaggregated by revenue source. We do not have any revenues associated with our electric transmission segment, which includes investments accounted for using the equity method. We disaggregate revenues into categories that depict how the nature, amount, timing, and uncertainty of revenues and cash flows are affected by economic factors. For our segments, revenues are further disaggregated by electric and natural gas operations and then by customer class. Each customer class within our electric and natural gas operations has different expectations of service, energy and demand requirements, and can be impacted differently by regulatory activities within their jurisdictions.
(in millions) |  | Wisconsin |  | Illinois |  | Other States |  | Total Utility Operations |  | Non-Utility Energy Infrastructure |  | Corporate and Other |  | Reconciling Eliminations |  | WEC Energy Group Consolidated
Three Months Ended March 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Electric |  | $ | 1,203.8 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,203.8 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,203.8 |
Natural gas |  | 784.4 |  |  | 577.7 |  |  | 245.0 |  |  | 1,607.1 |  |  | 21.3 |  |  | — |  |  | (21.1) |  |  | 1,607.3 |
Total regulated revenues |  | 1,988.2 |  |  | 577.7 |  |  | 245.0 |  |  | 2,810.9 |  |  | 21.3 |  |  | — |  |  | (21.1) |  |  | 2,811.1 |
Other non-utility revenues |  | — |  |  | — |  |  | 5.2 |  |  | 5.2 |  |  | 43.5 |  |  | — |  |  | (1.6) |  |  | 47.1 |
Total revenues from contracts with customers |  | 1,988.2 |  |  | 577.7 |  |  | 250.2 |  |  | 2,816.1 |  |  | 64.8 |  |  | — |  |  | (22.7) |  |  | 2,858.2 |
Other operating revenues |  | 8.1 |  |  | 22.0 |  |  | (0.2) |  |  | 29.9 |  |  | 101.4 |  |  | — |  |  | (101.4) |  | (1) | 29.9 |
Total operating revenues |  | $ | 1,996.3 |  |  | $ | 599.7 |  |  | $ | 250.0 |  |  | $ | 2,846.0 |  |  | $ | 166.2 |  |  | $ | — |  |  | $ | (124.1) |  |  | $ | 2,888.1 |
(in millions) |  | Wisconsin |  | Illinois |  | Other States |  | Total Utility Operations |  | Non-Utility Energy Infrastructure |  | Corporate and Other |  | Reconciling Eliminations |  | WEC Energy Group Consolidated
Three Months Ended March 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Electric |  | $ | 1,187.5 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,187.5 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,187.5 |
Natural gas |  | 746.8 |  |  | 679.9 |  |  | 238.2 |  |  | 1,664.9 |  |  | 15.3 |  |  | — |  |  | (14.8) |  |  | 1,665.4 |
Total regulated revenues |  | 1,934.3 |  |  | 679.9 |  |  | 238.2 |  |  | 2,852.4 |  |  | 15.3 |  |  | — |  |  | (14.8) |  |  | 2,852.9 |
Other non-utility revenues |  | — |  |  | — |  |  | 4.6 |  |  | 4.6 |  |  | 43.7 |  |  | — |  |  | (1.6) |  |  | 46.7 |
Total revenues from contracts with customers |  | 1,934.3 |  |  | 679.9 |  |  | 242.8 |  |  | 2,857.0 |  |  | 59.0 |  |  | — |  |  | (16.4) |  |  | 2,899.6 |
Other operating revenues |  | 8.0 |  |  | 2.2 |  |  | (1.9) |  |  | 8.3 |  |  | 100.5 |  |  | 0.2 |  |  | (100.5) |  | (1) | 8.5 |
Total operating revenues |  | $ | 1,942.3 |  |  | $ | 682.1 |  |  | $ | 240.9 |  |  | $ | 2,865.3 |  |  | $ | 159.5 |  |  | $ | 0.2 |  |  | $ | (116.9) |  |  | $ | 2,908.1 |
(1)Amounts eliminated represent lease revenues related to certain plants that We Power leases to WE to supply electricity to its customers. Lease payments are billed from We Power to WE and then recovered in WE's rates as authorized by the PSCW and the FERC. WE operates the plants and is authorized by the PSCW and Wisconsin state law to fully recover prudently incurred operating and maintenance costs in electric rates. Revenues from Contracts with Customers Electric Utility Operating Revenues The following table disaggregates electric utility operating revenues by customer class:
|  | Three Months Ended March 31
(in millions) |  | 2023 |  | 2022
Residential |  | $ | 486.5 |  |  | $ | 463.1 |
Small commercial and industrial |  | 393.6 |  |  | 370.1 |
Large commercial and industrial |  | 229.8 |  |  | 229.2 |
Other |  | 8.0 |  |  | 7.8 |
Total retail revenues |  | 1,117.9 |  |  | 1,070.2 |
Wholesale |  | 34.2 |  |  | 42.4 |
Resale |  | 40.6 |  |  | 56.8 |
Steam |  | 11.0 |  |  | 12.1 |
Other utility revenues |  | 0.1 |  |  | 6.0 |
Total electric utility operating revenues |  | $ | 1,203.8 |  |  | $ | 1,187.5 |
Natural Gas Utility Operating Revenues The following tables disaggregate natural gas utility operating revenues by customer class:
(in millions) |  | Wisconsin |  | Illinois |  | Other States |  | Total Natural Gas Utility Operating Revenues
Three Months Ended March 31, 2023 |  |  |  |  |  |  |  |
Residential |  | $ | 554.8 |  |  | $ | 368.9 |  |  | $ | 164.5 |  |  | $ | 1,088.2 |
Commercial and industrial |  | 295.2 |  |  | 117.9 |  |  | 91.5 |  |  | 504.6 |
Total retail revenues |  | 850.0 |  |  | 486.8 |  |  | 256.0 |  |  | 1,592.8 |
Transportation |  | 28.9 |  |  | 76.6 |  |  | 10.9 |  |  | 116.4 |
Other utility revenues (1) (2) |  | (94.5) |  |  | 14.3 |  |  | (21.9) |  |  | (102.1) |
Total natural gas utility operating revenues |  | $ | 784.4 |  |  | $ | 577.7 |  |  | $ | 245.0 |  |  | $ | 1,607.1 |
(in millions) |  | Wisconsin |  | Illinois |  | Other States |  | Total Natural Gas Utility Operating Revenues
Three Months Ended March 31, 2022 |  |  |  |  |  |  |  |
Residential |  | $ | 502.5 |  |  | $ | 465.5 |  |  | $ | 161.3 |  |  | $ | 1,129.3 |
Commercial and industrial |  | 272.5 |  |  | 158.3 |  |  | 86.8 |  |  | 517.6 |
Total retail revenues |  | 775.0 |  |  | 623.8 |  |  | 248.1 |  |  | 1,646.9 |
Transportation |  | 25.5 |  |  | 80.9 |  |  | 13.9 |  |  | 120.3 |
Other utility revenues (1) (3) |  | (53.7) |  |  | (24.8) |  |  | (23.8) |  |  | (102.3) |
Total natural gas utility operating revenues |  | $ | 746.8 |  |  | $ | 679.9 |  |  | $ | 238.2 |  |  | $ | 1,664.9 |
(1)Includes the revenues subject to the purchased gas recovery mechanisms of our utilities. (2)During the first quarter of 2023, we over-collected natural gas costs at our Wisconsin segment due to these costs being lower than what was anticipated in rates. We also continued to recover higher natural gas costs we under-collected from customers in prior periods at our Other States segments. As these amounts are billed to customers, they are reflected in retail revenues with an offsetting decrease in other utility revenues. The positive amount at our Illinois segment reflects a decrease in natural gas costs during the first quarter of 2023, compared to what was anticipated in rates. (3)During the first quarter of 2022, we continued to recover natural gas costs we under-collected from our customers in 2021 related to the extreme weather experienced in February 2021, as well as higher natural gas costs incurred at the majority of our segments during 2021. As these amounts are billed to our customers, they are reflected in retail revenues with an offsetting decrease in other utility revenues. Other Natural Gas Operating Revenues We have other natural gas operating revenues from Bluewater, which is in our non-utility energy infrastructure segment. Bluewater has entered into long-term service agreements for natural gas storage services with WE, WPS, and WG, and also provides limited service to unaffiliated customers. All amounts associated with the service agreements with WE, WPS, and WG have been eliminated at the consolidated level. Other Non-Utility Operating Revenues Other non-utility operating revenues consist primarily of the following:
|  | Three Months Ended March 31
(in millions) |  | 2023 |  | 2022
Wind generation revenues |  | $ | 36.0 |  |  | $ | 36.2 |
We Power revenues (1) |  | 5.9 |  |  | 5.9 |
Appliance service revenues |  | 5.2 |  |  | 4.6 |
Total other non-utility operating revenues |  | $ | 47.1 |  |  | $ | 46.7 |
(1)As part of the construction of the We Power electric utility generating units, we capitalized interest during construction, which is included in property, plant, and equipment. As allowed by the PSCW, we collected these carrying costs from WE's utility customers during construction. The equity portion of these carrying costs was recorded as a contract liability, which is presented as deferred revenue, net on our balance sheets. We continually amortize the deferred carrying costs to revenues over the related lease term that We Power has with WE. Other Operating Revenues Other operating revenues consist primarily of the following:
|  | Three Months Ended March 31
(in millions) |  | 2023 |  | 2022
Late payment charges |  | $ | 17.2 |  |  | $ | 13.6 |
Alternative revenues (1) |  | 11.8 |  |  | (6.0) |
Other |  | 0.9 |  |  | 0.9 |
Total other operating revenues |  | $ | 29.9 |  |  | $ | 8.5 |
(1)Negative amounts can result from alternative revenues being reversed to revenues from contracts with customers as the customer is billed for these alternative revenues. Negative amounts can also result from revenues to be refunded to customers subject to decoupling mechanisms, wholesale true-ups, conservation improvement rider true-ups, and certain late payment charges.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI https://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 + Details
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