WEC Energy Group (NYSE: WEC), the parent company of Wisconsin Public Service (WPS), has released its 2024 Corporate Responsibility Report. The report outlines the progress made by WEC Energy Group’s family of companies on major projects and the company’s mission to deliver affordable, reliable and clean energy across the Midwest.

The report also examines the company’s climate strategy and the research and development of emerging technologies such as natural gas heat pumps, renewable natural gas and long-duration battery storage.

“Across the Midwest, our 4.7 million customers depend on us to power and heat their homes and businesses safely and reliably,” said Scott Lauber, president and CEO. “To help chart our path forward, we continue to invest in research, technology and system improvement. We look forward to significant opportunities ahead, guided by our commitment to excellence and corporate citizenship.”

Report highlights

The report highlights how WEC Energy Group’s investments in a balanced ‘all of the above’ power generation mix, including modern natural gas generation and renewable energy, will help meet unprecedented electric demand growth in the region while maintaining essential reliability and flexibility year-round.

The report details the company’s $28 billion capital plan to invest in new power generation and projects to enhance reliability and resilience.

The company continues to conduct leading research, such as in hydrogen and long-duration energy storage projects, and has invested in renewable generation outside its regulated utility footprint to serve other companies through long-term offtake agreements.

Additional highlights in the report:

  • Received the Wisconsin Department of Workforce Development’s Vets Ready Award for outstanding support of military veterans. This is the fifth consecutive year the company has been honored with this award.
  • WPS was named one of the top-performing midsize utilities in PA Consulting’s 2024 ReliabilityOne® Awards.
  • Provided $19 million in charitable grants and contributions to nonprofit organizations and an additional $2.5 million in donations to low-income customer programs.
  • Reaffirmed the company’s long-term goal to achieve net carbon neutral electric generation by 2050 and eliminate coal as an energy source by the end of 2032.
  • Showcased the company’s commitment to employee and community safety through special training and programs.
  • Selected by S&P for inclusion in the High Yield Dividend Aristocrats Index.
  • The company strengthened its talent pipeline through innovative programs and partnerships with organizations such as Milwaukee Public Schools, Milwaukee Area Technical College and the Chicago Urban League.

The 2024 Corporate Responsibility Report and additional information on WEC Energy Group’s efforts can be found online at www.wecenergygroup.com/csr/.