MILWAUKEE - WEC Energy Group Inc., the parent
organization of We Energies, reported net income of $80.9 million
or 35 cents a share for the second quarter of 2015, a decline when
compared to the net income of $133 million or 58 cents a share for
the second quarter of 2014.
According to Wednesday’s announcement, costs related
to the acquisition of Integrys Energy Group reduced earnings by 24
cents a share in the most recent quarter. Excluding the effect of
this item, adjusted earnings for the second quarter of 2015 were 59
cents a share. Second quarter 2015 revenues totaled $991 million.
Revenues were $1.04 billion in the second quarter of 2014.
“With our continued focus on cost control,
productivity, and customer satisfaction, we delivered solid results
in the second quarter despite a very cool June that virtually
eliminated customer demand for air conditioning across the region,”
said Gale Klappa, chairman and chief executive, in a statement.
WEC Energy Group, based in Milwaukee, is one of the
nation’s premier energy companies, serving 4.4 million customers in
Wisconsin, Illinois, Michigan and Minnesota.