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On August 14, 2026, Wisconsin Electric Power Company entered into a 20-year Power Purchase Agreement with Nextera…
WECWec Energy Group, Inc.
On August 14, 2026, Wisconsin Electric Power Company entered into a 20-year Power Purchase Agreement with Nextera Energy Point Beach LLC to purchase 86% of the capacity, energy, ancillary services, and environmental attributes for Units 1 and 2 of the Point Beach Nuclear Power Plant. The agreement covers Unit 1 from October 6, 2030, through October 5, 2050, and Unit 2 from March 9, 2033, through March 8, 2053. The transaction is contingent upon approval by the Public Service Commission of Wisconsin, with a termination date set for January 1, 2028, extendable to July 1, 2028 if good faith efforts continue. WEC Energy Group operates in the electric utility industry.