At WEC Energy Group's annual meeting of stockholders, Gale Klappa, Executive Chairman, and Scott Lauber, President and CEO, highlighted another strong year on virtually every meaningful measure, from employee safety and customer satisfaction to growth in earnings per share. They also emphasized that the company remains committed to a mission that matters — strengthening the fabric of communities across the Midwest, leading by example and delivering affordable, reliable and clean energy to millions of customers.

Company highlights

• Reduced carbon emissions from electric generation by nearly 50 percent below 2005 levels.
• Developed the largest five-year capital plan in company history — including nearly 3,300 megawatts of new renewable capacity to serve We Energies and Wisconsin Public Service customers.
• Led a pilot program — the first of its kind in the world — to test hydrogen as a fuel source for power generation, in partnership with the Electric Power Research Institute.
• Continued to strengthen the diversity of company leadership, ending 2022 with the most diverse senior leadership team in company history.
• Spent $299 million with certified minority-, women-, veteran- and service-disabled-owned businesses.
• Returned $918 million to WEC Energy Group stockholders through dividends.
• Increased the dividend level in January 2023 by 7.2 percent to an annual rate of $3.12 per share. This marks the 20th consecutive year of higher dividends