WEC Planned Investments in Generation Will Make it Coal-Free by 2032

November 20, 2023--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Over the next five years, WEC Energy Group Incorporated (NYSE:WEC) (Milwaukee, Wisconsin) plans to sharply increase its capital spending for electric generation in Wisconsin and Michigan, utility officials told investors this month. Overall, WEC's capital expenditures (CAPEX) for the five-year period 2024-2028 is expected to rise about $3.3 billion, to approximately $23.4 billion from roughly $20.1 billion for the 2023-2027 period, the utility said in a November 9 investor presentation.