Feed - Buzzberg

18:00
Jul 29 ◎

WEC FY2026 Q2 Watch

WEC Energy Group, Inc. (WEC) FY2026 Q2 Earnings Call

MSFT ORCL HOG ▾

Scott Lauber

Microsoft continues to be a major growth driver for WEC, with the first data center operational and demand forecast to grow to 2.6 GW by 2030.

"Microsoft has purchased more than 2,200 acres to date in that I-94 corridor south of Milwaukee. We are preparing to serve a forecasted demand increase of 2.6 gigawatts in this region through 2030 and an opportunity for further expansion."

MSFT WATCH

Scott Lauber

Oracle is committed but faces collateral requirements due to its credit rating; the first facility could come online as soon as late 2027, with potential for 3.5 GW of demand.

"Oracle has stated it remains committed to the project, paying its full share of energy and providing the financial support needed so there's no risk to other Wisconsin customers. We are actively working with Oracle to update to financial"

ORCL WATCH

Scott Lauber

Harley-Davidson reshoring production to Wisconsin highlights the region's attractiveness for industrial business, potentially supporting industrial electricity demand.

"Harvard Lee-Davidson has also announced plans to bring some motorcycle production operations back from overseas to Wisconsin facilities."

HOG WATCH

HIGH

18:00
May 05 ◎

WEC FY2026 Q1 Watch

WEC Energy Group, Inc. (WEC) FY2026 Q1 Earnings Call

NEE MSFT ORCL GEV ▾

Scott Lauber

WEC is planning to replace the ~1GW Point Beach nuclear capacity (PPA expires 2030/2033) with gas-fired generation, capex estimated at $2-$2.5 billion per GW. — This signals a significant near-term capital project for WEC and a potential shift away from nuclear to gas, which could benefit gas turbine manufacturers.

"The prices are pretty high. We're going to look at affordability for our customers. At this time, we're planning that we're going to have to replace that [Point Beach PPA]."

NEE WATCH GEV WATCH

Scott Lauber

WEC's new VLC tariff, which received verbal approval, will have a lower threshold (100MW vs. proposed 500MW) but will ensure data centers pay their full share, protecting non-VLC customers. — The finalized tariff structure de-risks the investment thesis for both WEC and its hyperscaler customers, enabling future capital deployment and load growth.

"Just last month, Microsoft brought its first data center online in Mount Pleasant ahead of schedule and construction continues at the site. As a reminder, Microsoft has purchased more than 2,200 acres to date in the I-94 corridor south of"

MSFT WATCH ORCL WATCH

HIGH

19:00
Feb 05 ◎

WEC FY2025 Q4 Watch

WEC Energy Group, Inc. (WEC) FY2025 Q4 Earnings Call

MSFT LLY DTT WEC ▾

Scott Lauber

Microsoft is progressing on a large data center campus in WEC's territory, indicating strong demand for electricity from a major tech customer.

"Along the I-94 corridor between Milwaukee and Chicago, Microsoft continues work on the first phase of its major data center complex. This $3.3 billion investment is expected to begin operations in 2026."

MSFT WATCH

Scott Lauber

Eli Lilly's expansion in WEC's service territory signals durable industrial electricity demand growth.

"And just to the south in Pleasant Prairie, The pharmaceutical company, Eli Lilly, announced plans for a $3 billion expansion."

LLY WATCH

Gail Klappa

Deloitte & Touche serves as WEC's independent auditor; the company was ratified at the meeting.

"Also with us today are P.J. DiStefano and Andy Coors from Deloitte & Touche, our independent auditors."

DTT WATCH

Scott Lauber

Management reaffirmed earnings guidance and outlined a record $28 billion capital plan, citing robust demand from data centers and industrial expansion, supporting long-term growth of 6.5-7%.

"We're on track to deliver another year of strong results in line with our earnings guidance for 2025."

WEC WATCH

HIGH

Feed — Buzzberg