Energies announces $711 million plan
to upgrade infrastructure
December 7, 2013
– This week the Wisconsin Energy Corporation Board of
Directors announced a capital investments plan totaling $711
million to continue to upgrade and modernize electric and
natural gas infrastructure across the region in 2014. A fiveyear
capital budget reviewed by the board includes investing between
$3.2 billion and $3.5 billion from 2014 through 2018, according
to a company statement.
The Board of Directors also announced a plan to purchase up to
$300 million of the company’s common stock through open market
purchases or privately negotiated transactions from 2014 through
the end of 2017.
The company also reaffirmed that it expects 2013 earnings to be
in a range of $2.43 to $2.48 a share.
Milwaukee-based Wisconsin Energy Corporation serves more than
1.1 million electric customers in Wisconsin and Michigan’s
Upper Peninsula and 1.1 million natural gas customers in