Klappa, Lauber Highlight Year at Annual Meeting

At WEC Energy Group's virtual annual meeting of stockholders Executive Chairman Gale Klappa and President and CEO Scott Lauber highlighted how the company is building a bridge to the future with aggressive environmental goals and a focus on affordable, reliable and clean energy. They also emphasized how the company's focus on efficiency and financial discipline, along with favorable weather and a solid economic recovery in the region, resulted in record net income and earnings per share.  

2021 Company Highlights:

  • Named one of America's most responsible companies by Newsweek Magazine.
  • Developed the largest five-year capital plan in company history, including nearly 2,400 megawatts of new renewable capacity to serve customers of We Energies and Wisconsin Public Service.
  • Announced industry leading environmental goals with an operating plan to achieve them.
  • Sixty percent reduction in CO2 emissions from electric generation by the end of 2025.
  • Eighty percent reduction in CO2 emissions from electric generation by the end of 2030.
  • Net methane neutral in natural gas distribution operations by the end of 2030.
  • Announced a plan to exit from coal for power generation by the end of 2035, with minimal use by the end of 2030.
  • Strengthened the diversity of company leadership, 36 percent of senior vice president and above positions filled by women or minorities compared to 29 percent at year-end 2020.
  • Achieved $270 million in spending with diverse suppliers.
  • Returned $855 million to WEC Energy Group stockholders through dividends.
  • Increased dividends in January 2022 by 7.4 percent to an annual rate of $2.91 per share. This marks the 19th consecutive year of higher dividends.
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