PGL and NSG (subsidiaries of $WEC) reached a proposed settlement with Illinois AG Kwame Raoul to resolve…
Filed with the SEC on · Summarized by InvestorsBot
PGL and NSG (subsidiaries of $WEC) reached a proposed settlement with Illinois AG Kwame Raoul to resolve QIP (2017–2023) and UEA (2019–2023) proceedings; subject to Illinois Commerce Commission approval after public review. ⚖️🏛️ #WEC #Regulation
Under the settlement PGL will remove $130M from rate base starting 2027 and issue $75M in customer bill credits (2026–2028). PGL/NSG will also issue $49M and $1M UEA credits (2026–2028). $255M total recorded on 12/31/25. 💸 $WEC #Utilities #RateBase
$WEC now expects a $205M charge in 2025 (≈ $0.46/share), up from the previously disclosed ~$150M estimate. Settlement and financial impact remain subject to regulatory approval/review. 📉 $WEC #EPS #Earnings