WEC Energy units settle Illinois QIP and UEA cases; 2025 charge rises to $205 million
Illinois utility subsidiaries PGL and NSG agreed to a proposed settlement with the Illinois Attorney General that would resolve open QIP and UEA rider proceedings, subject to Illinois Commerce Commission approval. Because of the settlement, WEC Energy's 2025 results will reflect a $205 million, or $0.46 per share, charge, up from the $150 million it had previously expected to record.
- 2025 charge of $205 million, or $0.46 per share, replaces the previously expected $150 million charge
- PGL will permanently remove $130.0 million of qualified infrastructure investment costs from rate base starting in 2027
- Bill credits over 2026-2028 total $75.0 million for PGL (QIP), plus $49.0 million for PGL and $1.0 million for NSG (UEA)
- Rate base reduction and bill credit obligation recorded on the balance sheet at December 31, 2025 total $255.0 million