BNET Industries
Market Cap:$3.5M
Last Fiscal Year Sales:$3.3B
- Public
- US
Dow Jones Description
Wisconsin Electric Power Company, a wholly-owned subsidiary of Wisconsin Energy Corporation (Wisconsin Energy), was incorporated in the state of Wisconsin in 1896. Unless qualified by their context when used in this document, the terms Wisconsin Electric, the Company, our, us or we refer to Wisconsin Electric Power Company and its subsidiary. We are an electric, gas and steam utility which serves approximately 1,081,400 electric customers in Wisconsin and the Upper Peninsula of Michigan, approximately 437,800 gas customers in Wisconsin and approximately 460 steam customers in metro Milwaukee, Wisconsin. We maintain our principal executive offices in Milwaukee, Wisconsin. We conduct our operations primarily in three operating segments: an electric utility segment, a natural gas utility segment and a steam utility segment. For further financial information about our business segments, see ?Results of Operations? in Item 7 and ?Note N?Segment Reporting? in the Notes to Consolidated Financial Statements in Item 8.
Senior Vice PresidentCharles R. Cole
Contact Information
231 W Michigan St
PO Box 2046
Milwaukee, Wisconsin 53290-0001
414-221-2345
Peer Companies
NAICS Code Electric Bulk Power Transmission and Control: 221121
News & Analysis
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wisconsin electric power co. - All News and Analysis
Public Service Building. (Wisconsin Electric Power Co. to renovate)(includes related article on HVAC design)
- 1998-10-01
New building systems prepare Wisconsin Electric Power's neoclassical structure for the future, while a careful restoration recalls its past The Public Service Building PBS posed a dilemma for its owner, the Wisconsin Electric Power Co. The utility wanted to continue using...
Additional Resources
Fitch Affirms Ratings for Wisconsin Energy Corp.; Revises Outlook to Negative
- 2009-06-08
CHICAGO -- Fitch Ratings has affirmed the outstanding ratings for Wisconsin Energy Corp. WEC, as well as its subsidiaries, Wisconsin Energy Capital Corp. WECC, Wisconsin Electric Power Co....
Wisconsin Energy, Wisconsin Electric Declare Quarterly Dividends
- 2009-04-23
MILWAUKEE, April 23 /PRNewswire-FirstCall/ -- The boards of directors of Wisconsin Energy Corporation and Wisconsin Electric Power Company today declared regular quarterly dividends. Wisconsin Energy The Wisconsin Energy board of directors declared a quarterly dividend of 33.75 cents a share on the company's common...
Fitch Rates WEPCO's $250MM Issuance of Sr. Debentures 'A+'; Outlook Stable
- 2008-12-09
CHICAGO -- Fitch Ratings has assigned a rating of 'A+' to Wisconsin Electric Power Co.'s WEPCO $250 million issuance of 6.25% senior unsecured debentures, due Dec. 1, 2015. Proceeds from the sale will be used to repay short-term debt and for working capital and other general corporate purposes. The Rating...
Fitch Affirms Wisconsin Energy & Subsidiaries; Revises WEC's Outlook to Stable
- 2008-04-30
CHICAGO -- Fitch Ratings has affirmed the outstanding ratings of Wisconsin Energy Corp., WEC, and Wisconsin Energy Capital Corp. WECC. The Rating Outlook has been revised to Stable from Negative. The ratings of Wisconsin Electric Power Co. WEPCO and Wisconsin Gas Co. WI Gas are affirmed with a Stable Outlook....
The changing face of the distributor.(Department)
- 2008-02-01
The changing face of the distributor by Michelle EauClaire Tiiger's distributor, GS Hydraulics, offers components as well as complete system solutions and engineers to assist with the integration. Tiiger Inc., Cedarburg, WI, began over 20 years...
FPL Energy Completes Acquisition of the Point Beach Nuclear Power Plant
- 2007-10-01
JUNO BEACH, Fla. -- FPL Energy, LLC, a subsidiary of FPL Group, Inc. (NYSE:FPL) announced today it has completed the purchase of the two-unit, 1,023-megawatt Point Beach nuclear power plant located near Two Rivers, Wisconsin, about 30 miles southeast of Green Bay, from Wisconsin Electric Power Company (dba as We...
FPL to Buy Wisconsin Nuclear Plant
- 2007-02-01
FPL Group Inc., owner of Florida's biggest utility, agreed to buy the Point Beach nuclear plant in Wisconsin from Wisconsin Energy Corp. for about $998 million to almost double its generating capacity in the Midwest. Wisconsin Energy will buy all of the output from the power plant, located about...
FPL Energy Announces Agreement to Purchase Point Beach Nuclear Power Plant
- 2006-12-20
JUNO BEACH, Fla. -- FPL Energy, LLC, a subsidiary of FPL Group, Inc. (NYSE: FPL) announced today it has reached an agreement to purchase the two-unit, 1,033-megawatt Point Beach Nuclear Power Plant located near Two Rivers, Wisconsin, about 30 miles southeast of Green Bay, from Wisconsin Electric Power Company (dba...
Wisconsin Energy Corp. to Sell Nuclear Plant to FPL Energy in $1 Billion Deal
- 2006-12-20
ENERGY RESOURCE-20 December 2006-Wisconsin Energy Corp. to Sell Nuclear Plant to FPL Energy in $1 Billion DealC2006 JeraOne - http://www.jeraone.com Wisconsin Electric Power Co., a subsidiary of Wisconsin Energy Corporation doing business as We Energies, has reached a definitive agreement to sell its Point Beach Nuclear Plant to...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Charles R. Cole | Senior Vice President |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Barbara L. Bowles | Board of Directors |
| Curt S. Culver | Board Director |
| Frederick P. Stratton Jr. | Board Director |
| John F. Ahearne | Board Director |
| John F. Bergstrom | Board Director |
| Patricia W. Chadwick | Board Director |
| Robert A. Cornog | Board Director |
| Ulice Payne Jr. | Board Director |
| Organization | Position | Status |
|---|---|---|
| Wisconsin Gas LLC | Senior Vice President | Current |
| Wisconsin Electric Power Co | Senior Vice President | Current |
Profit Investment Management - Retired Vice Chair. Served as Vice Chair from January 2006 until retirement in December 2007. Profit Investment Management is an investment advisory firm. The Kenwood Group, Inc. -- Retired Chairman. Served as Chairman from 2000 until June 2006 when The Kenwood Group, Inc. merged into Profit Investment Management. Chief Executive Officer from 1989 to December 2005. Director of Black & Decker Corporation and Hospira, Inc. Director of Wisconsin Energy Corporation and Wisconsin Electric Power Company since 1998. Director of Wisconsin Gas LLC since 2000.
| Organization | Position | Status |
|---|---|---|
| Wisconsin Gas LLC | Board of Directors | Current |
| Wisconsin Electric Power Co | Board of Directors | Current |
| Wisconsin Energy Corporation | Board of Directors | Current |
| The Black & Decker Corporation | Board of Directors | Current |
| The Chicago Urban League | Board of Directors | Current |
| Hospira, Inc. | Board of Directors | Current |
| Icu Medical Set Source | Director | Current |
| Children's Memorial Hospital | Board of Directors | Current |
| Hpk Financial Corporation | Board of Directors | Current |
| The Kenwood Group | CEO | Former |
| The Kenwood Group | President | Former |
| The Kenwood Group | Chief Investment Officer | Former |
| Beatrice Company Safeway, Inc. | Assistant Vice President | Former |
| Kraft and Company | Vice President | Former |
| The Kenwood Group | Founder | Former |
| Beatrice Company Safeway, Inc. | Director of Investor Relations | Former |
| Wisconsin Electric Power Co | Director of Wisconsin Energy Corporation | Former |
| The Kenwood Group | Chairman | Former |
| Dollar General Corporation | Board of Directors | Former |
| Profit Investment Management | Vice Chairman | Former |
| Georgia-Pacific Corporation | Board of Directors | Former |
| Fisk University | Board of Directors | Former |
| University of Chicago | Master of Business Administration | Former |
| Fisk University | Undergraduate Degree | Former |
MGIC Investment Corporation – Chairman since 2005, Chief Executive Officer since 2000, and President from 1999 to January 2006. MGIC Investment Corporation is the parent of Mortgage Guaranty Insurance Corporation. Mortgage Guaranty Insurance Corporation – Chairman since 2005, Chief Executive Officer since 1999 and President from 1996 to January 2006. Mortgage Guaranty Insurance Corporation is a private mortgage insurance company. Director of MGIC Investment Corporation. Director of Wisconsin Energy Corporation, Wisconsin Electric Power Company and Wisconsin Gas LLC since 2004.
| Organization | Position | Status |
|---|---|---|
| MGIC | Chairman and Chief Executive Officer | Current |
| Mortgage Guaranty Insurance Corporation | Chief Executive Officer | Current |
| MGIC Investment Corporation | Chief Executive Officer | Current |
| MGIC | President | Current |
| Mortgage Guaranty Insurance Corporation | President | Former |
| Big Brothers Big Sisters of Metro Milwaukee, Inc | Board of Directors | Current |
| Mortgage Guaranty Insurance Corporation | Board of Directors | Current |
| Wisconsin Energy Corporation | Board Director | Current |
| Wisconsin Electric Power Co | Board Director | Current |
| Wisconsin Gas LLC | Board Director | Current |
| Wisconsin Energy Corporation | Corporate Governance Committee Member | Current |
| MGIC Investment Corporation | President | Former |
| MGIC Investment Corporation | Director of | Former |
| MGIC | Manager | Former |
| MGIC Investment Corporation | Principal | Former |
| Mortgage Guaranty Insurance Corporation | Principal | Former |
| Wisconsin Energy Corporation | Finance Committee Chairman | Former |
| MGIC Investment Corporation | Board Director | Former |
| University of Wisconsin-Madison | MS | Former |
| University of Wisconsin | Ba and Ms With Honors In Real Estate Finance and Urban Land Economics. | Former |
| University of Wisconsin-Madison | BA | Former |
| MGIC Investment Corporation | Team Member | Former |
Briggs & Stratton Corporation – Chairman Emeritus since 2003. Chairman of the Board from 2001 to 2003. Chairman and Chief Executive Officer from 1986 until 2001. Briggs & Stratton Corporation is a manufacturer of small gasoline engines. Director of Baird Funds, Inc. and Weyco Group, Inc. Director of Wisconsin Energy Corporation since 1987. Director of Wisconsin Electric Power Company since 1986. Director of Wisconsin Gas LLC since 2000.
| Organization | Position | Status |
|---|---|---|
| Weyco Group, Inc. | Chairman | Current |
| Briggs & Stratton Corporation | Chairman Emeritus | Current |
| Wisconsin Gas LLC | Board Director | Current |
| Wisconsin Electric Power Co | Board Director | Current |
| Wisconsin Energy Corporation | Board Director | Current |
| Wisconsin Energy Corporation | Executive Committee Member | Current |
| Briggs & Stratton Corporation | CEO | Former |
| Weyco Group, Inc. | Director of Bank One Corporation | Former |
| Midwest Air Group Inc. | Board of Directors | Former |
| Weyco Group, Inc. | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| Wisconsin Electric Power Co | Board Director | Current |
| Wisconsin Energy Corporation | Board Director | Current |
| Wisconsin Gas LLC | Board Director | Current |
| Wisconsin Energy Corporation | Compensation Committee Member | Current |
| Wisconsin Electric Power Co | Director of Wisconsin Energy Corporation | Former |
| Duke University | Adjunct Professor | Former |
Bergstrom Corporation – Chairman since 1982 and Chief Executive Officer since 1974. Bergstrom Corporation owns and operates numerous automobile sales and leasing companies. Director of Advance Auto Parts Inc. and Kimberly-Clark Corporation. Director of Wisconsin Energy Corporation since 1987. Director of Wisconsin Electric Power Company since 1985. Director of Wisconsin Gas LLC since 2000.
| Organization | Position | Status |
|---|---|---|
| Advance Auto Parts, Inc. | Board of Directors | Current |
| Green Bay Packers, Inc. | Board of Directors | Current |
| Wisconsin Gas LLC | Board Director | Current |
| Wisconsin Energy Corporation | Board Director | Current |
| Wisconsin Electric Power Co | Board Director | Current |
| Kimberly-Clark Corporation | Board of Directors | Current |
| Sensient Technologies Corporation | Board of Directors | Current |
| Wisconsin Energy Corporation | Executive Committee Member | Current |
| Bergstrom Inc. | CEO | Former |
| Kimberly-Clark Corporation | Director of Banta Corporation | Former |
| Midwest Air Group Inc. | Chairman | Former |
| Midwest Air Group Inc. | Board of Directors | Current |
| Wisconsin Energy Corporation | Compensation Committee Chairman | Former |
Ravengate Partners LLC — President since 1999. Ravengate Partners LLC provides businesses and not-for-profit institutions with advice about the financial markets. Director of Amica Mutual Insurance Company and ING Mutual Funds. Director of Wisconsin Energy Corporation, Wisconsin Electric Power Company and Wisconsin Gas LLC since 2006.
| Organization | Position | Status |
|---|---|---|
| Wisconsin Gas LLC | Board Director | Current |
| Wisconsin Electric Power Co | Board Director | Current |
| Wisconsin Energy Corporation | Board Director | Current |
| Amica Mutual Insurance Co. | Board of Directors | Current |
| Wisconsin Energy Corporation | Finance Committee Member | Current |
Retired Chairman of the Board of Directors, Chief Executive Officer and President, Snap-on, Inc., Kenosha, Wisconsin (tool manufacturer). He served as Chief Executive Officer and President from 1991 to 2001 and as Chairman from 1991 to 2002. Mr. Cornog is a director of Oshkosh Truck Corp. and Wisconsin Energy Corp. ( We Energies ). Mr. Cornog serves on the Human Resources Committee (compensation) of Oshkosh Truck Corp. and the Audit Committee of We Energies.
| Organization | Position | Status |
|---|---|---|
| Oshkosh Truck Corporation | Director | Current |
| Dickinson Wright Pllc | Director | Current |
| Wisconsin Electric Power Co | Board Director | Current |
| Johnson Controls, Inc. | Board of Directors | Current |
| Wisconsin Gas LLC | Board Director | Current |
| Wisconsin Energy Corporation | Director | Current |
| Wisconsin Energy Corporation | Audit and Oversight Committee Member | Current |
| Snap-on Incorporated | Chief Executive Officer | Former |
| Snap-on Incorporated | President | Former |
| Snap-on Incorporated | Board Chairman | Former |
Addison-Clifton, LLC - Managing Member since 2004. Addison-Clifton, LLC provides advisory services on global trade compliance. Milwaukee Brewers Baseball Club, Inc. - President and Chief Executive Officer from 2002 to 2003. Director of Badger Meter, Inc. and Manpower, Inc. and Trustee of the Northwestern Mutual Life Insurance Company. Director of Wisconsin Energy Corporation, Wisconsin Electric Power Company and Wisconsin Gas LLC since 2003.
| Organization | Position | Status |
|---|---|---|
| Northwestern Mutual Life Insurance Company | President and CEO, Addison, Clifton, Llc | Current |
| Addison-Clifton, LLC | Member of Addison, Clifton, LLC | Current |
| Wisconsin Gas LLC | Board Director | Current |
| Badger Meter, Inc. | Board of Directors | Current |
| Midwest Air Group Inc. | Board of Directors | Current |
| Wisconsin Energy Corporation | Board Director | Current |
| Wisconsin Electric Power Co | Board Director | Current |
| Northwestern Mutual Life Insurance Company | Board of Directors | Current |
| Addison-Clifton, LLC | Managing Member | Current |
| Wisconsin Energy Corporation | Finance Committee Member | Current |
| Milwaukee Brewers Baseball Club | Chief Executive Officer | Former |
| Milwaukee Brewers Baseball Club | President | Former |
| Foley & Lardner Llp | Managing Partner | Former |
| Northwestern Mutual Life Insurance Company | Trustee | Former |
Executive News
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USA Today: MGIC's Culver golfing less during recession
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Want to Cut Costs? Stop Borrowing
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Want to Cut Costs? Knock Down Your Credit Facility
-
Lewis: Hummer owners face a Chinese future
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