WEC Energy Group, Inc. (WEC)

82.28 +0.02 (+0.02%) At close: 4:00PM EST

WEC Energy Group, Inc.

231 West Michigan Street
Milwaukee, WI 53203
United States
414-221-2345
http://www.wecenergygroup.com

Sector(s): Utilities
Industry: Utilities—Regulated Electric
Full Time Employees: 7,273

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. Gale E. Klappa	Exec. Chairman	3.55M	25.17M	1951
Mr. Joseph Kevin Fletcher	Pres, CEO & Director	3.5M	1.19M	1959
Mr. Scott J. Lauber	Sr. EVP & COO	1.73M	671.12k	1966
Ms. Margaret C. Kelsey	Exec. VP, Gen. Counsel & Corp. Sec.	1.49M	N/A	1965
Mr. Robert M. Garvin	Exec. VP of External Affairs	1.19M	N/A	1967
Ms. Xia Liu C.F.A.	Sr. EVP & CFO	N/A	N/A	1970
Mr. William J. Guc	VP, Controller & Principal Accounting Officer	N/A	N/A	1970
Mr. Joshua Erickson	Director of Legal Services, Corp. & Fin.	N/A	N/A	N/A
Ms. Molly Mulroy	Chief Information Officer & VP	N/A	N/A	N/A
Ms. Mary Beth Straka CPA, CPA	Sr. VP of Corp. Communications & Investor Relations	N/A	N/A	1965

Amounts are as of December 31, 2019 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

WEC Energy Group, Inc., through its subsidiaries, provides regulated natural gas and electricity, and nonregulated renewable energy services in the United States. The company operates through six segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other. It generates and distributes electricity from coal, natural gas, oil, hydroelectric, wind, and biomass sources; provides electricity transmission services; offers retail natural gas distribution services; transports natural gas; and generates, distributes, and sells steam. The company offers electricity to approximately 1.6 million residential, small and large commercial and industrial, and other customers; and natural gas to 2.9 million residential, and commercial and industrial customers. As of December 31, 2019, it operated approximately 36,500 miles of overhead distribution lines and 34,100 miles of underground distribution cable, as well as approximately 500 distribution substations and 503,200 line transformers; and approximately 49,500 miles of natural gas distribution mains, as well as 1,200 miles of natural gas transmission mains. The company was formerly known as Wisconsin Energy Corporation and changed its name to WEC Energy Group, Inc. in June 2015. WEC Energy Group, Inc. was incorporated in 1981 and is headquartered in Milwaukee, Wisconsin.

Corporate Governance

WEC Energy Group, Inc.’s ISS Governance QualityScore as of December 3, 2020 is 2. The pillar scores are Audit: 2; Board: 6; Shareholder Rights: 3; Compensation: 2.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.