WEC能源 2024年度报告

An Energy Industry Leader WEC Energy Group is one of the nation’s leading energy companies, with theoperational expertise and financial resources to meet the needs of customersacross the Midwest. 72,400miles ofelectric distribution 47,000miles ofnatural gas distributionand transmission 8,150megawattsof power generatingcapacity 7,000employees 10-Year Total Shareholder Return WEC Energy Group consistently delivers among the best total returns in the industry.The illustration demonstrates our stock price appreciation plus the compound effect ofdividend growth over the past decade. A $100 investment at the end of 2014 grew to atotal value of $247, a 147% return. Financial Snapshot (In millions, except per share data and percentages) I’ve never been moreoptimistic about thefuture of our industryand the outlook forWEC Energy Group. Scott LauberPresident and Chief Executive Officer Powering growth and empowering possibilities To my fellow shareholders, Building from a solid foundation delivered solid growth in net income and earningsper share, and continued its record of returningmore cash to shareholders than in any other yearin company history. We also increased the dividendby 6.9% in January 2025 — the 22nd consecutiveyear of dividend increases for our shareholders, andamong the highest dividend growth rates in theutility industry. For more than two decades, WEC Energy Group hasbeen recognized as the guidepost for delivering solidand consistent operational and financial results. Our leadership has driven operating efficiencieswhile we remain committed to delivering affordable,reliable and clean energy to our customers. Throughout 2024, our board of directors andmanagement team maintained a clear focus onthe fundamentals of our business — resulting inan exceptional year on virtually every meaningfulmeasure — from customer satisfaction, to financialperformance, to steady execution of our capital plan. And I’m pleased to note that we were added toS&P’s High Yield Dividend Aristocrats Index in 2024. It is with this solid foundation and continuedfocus that WEC Energy Group is well positionedto capitalize on significant new investmentopportunities — opportunities that are driven byvibrant and growing economic activity in our region. Our financial discipline and resourceful mindsetenabled us to navigate challenges and executeour plan. Once again, in 2024, WEC Energy Group It is with this solid foundation and continuedfocus that WEC Energy Group is wellpositioned to capitalize on significant newinvestment opportunities — opportunitiesthat are driven by vibrant and growingeconomic activity in our region. Robust plan for growth and reliability We’re looking forward to the years ahead that pointto unprecedented electric demand growth. In fall2024, the company announced its largest five-year capital plan to date, allocating $28 billion ofinvestment to support safety, reliability and growth. A balanced generation mix is a significant focus forour electric utilities to continue providing affordableand reliable energy to our customers. This capitalinvestment strategy also supports annual growth inour asset base of 9.6%. Poised for the future Our focus on the fundamentals of our businessbegins with our 4.7 million customers who dependon reliable and affordable service, and this extendsto the communities we’re privileged to serve.We’re working hard to strengthen the fabric of ourneighborhoods as an engaged corporate citizen. This means modernizing our natural gas-fueledgeneration. We plan to add more than 1,900 megawattsof new combustion turbines and reciprocating internalcombustion engines — which are modular and scalable.Modern, efficient natural gas generation serves as acritical resource in our energy transformation. We’re alsoinvesting in reliability for our natural gas network with6 Bcf of new liquefied natural gas (LNG) storage. LNGfacilities are needed to ensure gas supply for winterreliability — to meet peak customer demand for heatingwhile ensuring gas supply for our power generation. I’ve never been more optimistic about the future ofour industry and the outlook for WEC Energy Groupover my 30-year career. Our future is bright. Ourinvestment opportunity has never been greater,and we’re focused on execution. We are guided byour values of safety, customer care and financialdiscipline, while acting with integrity, accountabilityand a sense of urgency. Our commitment toexcellence ensures that we are on the right track. Also, we plan to invest $9.1 billion in regulatedrenewable generation to build and own approximately4,300 more megawatts. In 2024, WEC Energy Groupadded more low- and no-carbon generation to itsfleet, while retiring older, less efficient coal generation.These investments have helped the company makesignificant progress toward a cleaner energy future.We plan to continue on this path, with supportivepolicies and constructive regulation in place. We believe that we’re poised to d