Milwaukee-based WEC Energy Group just announced its five-year capital plan in November, but the parent company of We Energies and other utilities is adding $300 million to its investment plans to keep up with economic growth in the I-94 North-South corridor.
The five-year plan now totals $23.7 billion, including $9.5 billion for electric generation in Wisconsin and Michigan and $3.8 billion for electric delivery in those markets. The generation and delivery figures are up $200 million and $100 million respectively.
Gale Klappa, executive chairman of WEC Energy Group, told analysts on the company’s earnings call Thursday that the continued economic growth in the region prompted the need for additional investment.
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