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Regulatory Environment (Tables) - Public Service Commission of Wisconsin | 12 Months Ended
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Dec. 31, 2024
2025 and 2026 Rates |
Public Utilities, General Disclosures |
Schedule of regulatory decisions | The final written orders reflected the following:
|  | WE |  | WPS |  | WG
2025 rate increase |  |  |  |  |  |  |  |  |  |  |  |
Electric (1) |  | $ | 144.0 | million | / | 4.2% |  | $ | 55.1 | million | / | 4.5% |  | N/A
Gas |  | $ | 41.3 | million | / | 7.1% |  | $ | 14.9 | million | / | 3.8% |  | $ | 34.5 | million | / | 4.2%
Steam |  | $ | 1.5 | million | / | 5.0% |  | N/A |  | N/A
2026 rate increase (2) |  |  |  |  |  |  |  |  |  |  |  |
Electric (1) |  | $ | 169.5 | million | / | 4.5% |  | $ | 30.0 | million | / | 2.3% |  | N/A
Gas |  | $ | 29.8 | million | / | 4.5% |  | $ | 13.5 | million | / | 3.1% |  | $ | 23.5 | million | / | 2.6%
ROE |  | 9.8% |  | 9.8% |  | 9.8%
Common equity component average on a financial basis |  | 53.0% |  | 53.0% |  | 53.0%
(1) Amounts reflect the impact to our Wisconsin retail electric operations and include the incremental decrease resulting from updated fuel costs. (2) The 2026 rate increases are incremental to the previously authorized revenue plus the approved rate increases for 2025.
2024 Rate Case Re-Opener |
Public Utilities, General Disclosures |
Schedule of regulatory decisions | The final orders reflected the following:
|  | WE |  | WPS |  | WG
2024 incremental rate increases (decreases) |  |  |  |  |  |  |  |  |  |  |  |
Electric (1) |  | $ | 82.2 | million | / | 2.5% |  | $ | (32.7) | million | / | (2.6)% |  | N/A
Gas |  | $ | 23.9 | million | / | 4.5% |  | N/A |  | $ | 21.6 | million | / | 2.8%
(1) Amounts reflect the impact to our Wisconsin retail electric operations and include any incremental increases (WE) or decreases (WPS) resulting from updated fuel costs.
2023 and 2024 Rates |
Public Utilities, General Disclosures |
Schedule of regulatory decisions | The final orders reflected the following:
|  | WE |  | WPS |  | WG
2023 base rate increase |  |  |  |  |  |  |  |  |  |  |  |
Electric |  | $ | 283.5 | million | / | 9.1% |  | $ | 120.5 | million | / | 9.8% |  | N/A
Gas |  | $ | 46.1 | million | / | 9.6% |  | $ | 26.4 | million | / | 7.1% |  | $ | 46.5 | million | / | 6.4%
Steam |  | $ | 7.6 | million | / | 35.3% |  | N/A |  | N/A
ROE |  | 9.8% |  | 9.8% |  | 9.8%
Common equity component average on a financial basis |  | 53.0% |  | 53.0% |  | 53.0%

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