Midwest electric and gas utility
WEC Energy Group
WEC Energy Group sells electricity and natural gas across four Midwestern states and supplies renewable power under long-term contracts through its infrastructure business. It procures generation fuel and market power, enters into nuclear power purchase agreements, and invests capital in transmission and generation assets.
Business categories Regulated Utilities & Grid Operators · Power & Grid · primary
WEC Updated Sep 23, 2026 4 AI consumers· 3 recurring
Per the valuechain.wiki graph, WEC Energy Group is directly linked to 3 companies (1 supply, 2 revenue relationships) and reaches 35 companies within two hops; the links are backed by 5 dated sources, 3 of them primary filings (as of 2026-09-23).
Financials & Segments
- Total revenue · $9.8001 billion (FY2025 total revenue, SEC 10-K XBRL)
- Segments · Wisconsin · Illinois · Other States · Electric Transmission · Non-Utility Energy Infrastructure · Corporate and Other
Revenue from
- Meta Platforms High confidence· contract term 10 years · from commercial operation on 2021-12-15 · Term of the Meta Platforms offtake agreement for Jayhawk Wind Farm
Meta Platforms is the 10-year power offtaker for the Jayhawk wind project. WEC owns 90% of the project and 99% of its tax benefits. - Microsoft High confidence· Count 2 projects · as of 2025-12-05 · WEC generation projects with disclosed Microsoft offtake agreements: Sapphire Sky and Hardin III
Microsoft is the long-term power offtaker for the Sapphire Sky wind project and the Hardin III solar project. The two contracts provide long-duration revenue support for WEC's non-utility energy infrastructure business.
Pays to
- NextEra Energy High confidence· Market share 86 percent · Unit 1: 2030-10-06 to 2050-10-05; Unit 2: 2033-03-09 to 2053-03-08 · Share of each Point Beach unit's capacity, energy, ancillary services, and environmental attributes to be purchased
WEC subsidiary WEPCO entered into a power purchase agreement with NextEra Energy Point Beach. Subject to regulatory approval, it will buy 86% of each Point Beach unit's capacity, energy, ancillary services, and environmental attributes for 20 years.Confirms KO Maeil Business Newspaper Published Sep 5, 2026: WEC Energy Forecasts $5.56 EPS for 2026 and 7% to 8% Long-Term GrowthConfirms EN SEC EDGAR Published Aug 18, 2026: WEC Energy Group Form 8-K: Point Beach Power Purchase Agreement - Midcontinent Independent System Operator (MISO) High confidence
WEC's electric utilities bid generation into MISO's day-ahead and real-time markets and procure power for retail and wholesale customers. Hourly net purchases are recorded as purchased power in cost of sales.
Investments
- American Transmission Company High confidence· Amount $2.3B · FY2025 year-end · Carrying value of the equity-method investment in American Transmission Company at December 31, 2025
WEC owns approximately 60% of regulated transmission company American Transmission Company and accounts for the holding under the equity method. The investment's carrying value was $2.2569 billion at year-end 2025.
Value-chain ripple (2 tiers)
Following node-to-node links up to 2 tiers; each firm is shown once, at its nearest tier.
| Company | Chain | '21 | '22 | '23 | '24 | '25 | YTD |
|---|---|---|---|---|---|---|---|
| Snowflake | lead2 | +20.4 | -57.6 | +38.6 | -22.4 | +42.1 | +68.2 |
| Starbucks Corp | lead2 | +11.1 | -13.2 | -1.2 | -2.5 | -5.3 | +26.3 |
| Johnson Controls | lead2 | +77.4 | -19.3 | -7.6 | +39.8 | +53 | +21.7 |
| Kenvue Inc. | lead2 | · | · | · | +3.1 | -15.9 | +12.4 |
| Rockwell Automation, Inc. | lead2 | +41.2 | -24.8 | +22.6 | -6.2 | +38.4 | +12.3 |
| Illinois Tool Works Inc. | lead2 | +23.6 | -8.5 | +21.6 | -1 | -0.4 | +11 |
| Costco Wholesale | lead2 | +51.8 | -19 | +49 | +39.6 | -5.4 | +10.3 |
| Parker-Hannifin Corporation | lead2 | +18.3 | -6.9 | +60.8 | +39.6 | +39.5 | +10.2 |
| 3M Company | lead2 | +4.9 | -29.6 | -3.3 | +46.1 | +26.4 | +6.8 |
| The Kraft Heinz Company | lead2 | +8 | +18.2 | -5 | -13 | -16.3 | +6.1 |
| Procter & Gamble | lead2 | +20.5 | -5 | -0.9 | +17.3 | -12.3 | +4.5 |
| Omnicom Group Inc. | lead2 | +21.9 | +15.7 | +9.6 | +2.5 | -2.6 | +4.4 |
| Walmart Inc | lead2 | +2 | -0.5 | +12.9 | +74 | +24.5 | +0.6 |
| Ralph Lauren Corporation | lead2 | +16.7 | -8.4 | +39.8 | +62.9 | +55 | -0.2 |
| Dover Corporation | lead2 | +45.7 | -24.3 | +15.2 | +23.3 | +5.2 | -0.5 |
| Veralto Corporation | lead2 | · | · | · | +24.3 | -1.6 | -3.2 |
| Roper Technologies | lead2 | +14.7 | -11.6 | +26.9 | -4.1 | -13.8 | -7.9 |
| ServiceNow | lead2 | +17.9 | -40.2 | +82 | +50.1 | -27.7 | -8 |
| Axon Enterprise, Inc. | lead2 | +28.1 | +5.7 | +55.7 | +130.1 | -4.4 | -9.2 |
| Take-Two Interactive Software, Inc. | lead2 | -14.5 | -41.4 | +54.6 | +14.4 | +39.1 | -16.6 |
| Stryker Corporation | lead2 | +10.2 | -7.4 | +23.8 | +21.3 | -1.5 | -20.4 |
| Fiserv | lead2 | -8.8 | -2.6 | +31.4 | +54.6 | -67.3 | -21.1 |
| Cognizant Technology Solutions Corporation | lead2 | +9.6 | -34.5 | +34.4 | +3.5 | +9.7 | -23.6 |
| Adobe Inc. | lead2 | +13.4 | -40.7 | +77.3 | -25.5 | -21.3 | -23.9 |
| Autodesk, Inc. | lead2 | -7.9 | -33.5 | +30.3 | +21.4 | +0.1 | -26.4 |
| Boston Scientific Corporation | lead2 | +18.2 | +8.9 | +24.9 | +54.5 | +6.8 | -55.2 |
| Microsoft | lead1 | +52.5 | -28 | +58.2 | +12.9 | +15.6 | +4 |
| Meta Platforms | lead1 | +23.1 | -64.2 | +194.1 | +66 | +13.1 | -6.4 |
| WEC Energy Group | node | +8.7 | -0.5 | -7 | +16.1 | +16 | +3.1 |
| NextEra Energy | benef1 | +23.4 | -8.5 | -25.3 | +21.5 | +15.5 | +6.2 |
| GE Vernova | benef2 | · | · | · | · | +99 | +54 |
| Quanta Services | benef2 | +59.5 | +24.6 | +51.7 | +46.6 | +33.7 | +48 |
| Williams Companies | benef2 | +38.4 | +32.8 | +11.9 | +62.3 | +14.9 | +25.2 |
| Cameco | benef2 | +63.2 | +4.3 | +90.5 | +19.5 | +78.4 | -3.7 |
| First Solar | benef2 | -11.9 | +71.9 | +15 | +2.3 | +48.2 | -21.7 |
YTD as of 2026-09-04 · source: Yahoo Finance
WEC Energy Group operates across Midwest electric and gas utility. It is +3.1% in 2026. Demand side (avg -1.2%), the stock (+3.1%) and supply side (avg +6.2%) are moving in step. Propagation has completed a lap, so the next leg depends on individual results more than chain direction. Among connected nodes the furthest ahead is NextEra Energy (+6.2%) and the furthest behind is Meta Platforms (-6.4%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. It procures generation fuel and market power, enters into nuclear power purchase agreements, and invests capital in transmission and generation assets.
Analysis generated from returns as of 2026-09-04← All companiesMarkdown · JSON · Customers · Suppliers · Ripple