Edison Electric Institute

and American Gas Association

ESG/Sustainability
Reporting Template
EEI and AGA ESG/Sustainability Reporting Template
Section 1: Qualitative Information

Based in Milwaukee, Wisconsin, WEC Energy Group management. The committee regularly reviews key
is one of the nation’s premier energy holding risk areas and provides input into the development and
companies, with subsidiaries serving customers in implementation of effective compliance and risk
Wisconsin, Illinois, Minnesota and Michigan. management practices, including external audits, and
routinely reports the results of its efforts to the board.
As a member of the American Gas Association (AGA)
and Edison Electric Institute (EEI), we participate in Due to its importance in our industry, cybersecurity is
an initiative led by these organizations to promote among the risk areas under ERSC oversight. The
consistency and transparency in sustainability chief executive officer and the chief administrative
reporting. This template is designed to make officer, who is also our chief technology officer, report
environmental, social and governance (ESG) metrics regularly to the board and its Audit and Oversight
and information more accessible and comparable Committee on cybersecurity matters and risks. Using
across the electric and natural gas sectors. recognized cybersecurity framework and maturity
models from the National Institute of Standards and
Additional information on our ESG-related efforts can Technology and the Department of Energy, we
be found on the WEC Energy Group website continuously assess the maturity of our cybersecurity
(www.wecenergygroup.com/csr). program and incorporate improvements as needed,
while also striving to follow industry best practices for
ESG/Sustainability Governance computer network protection and effective physical
security for our critical cyber assets. We participate in
Sustainability is key to governance policies and
information sharing and vulnerability analysis with
practices across WEC Energy Group. To support an
federal, state and industry organizations, as well as
enduring enterprise, we manage short- and long-term
GridEx, the grid security exercise sponsored by the
risks and account for economic, environmental and
North American Electric Reliability Corp.
social factors in our decision-making.
Social responsibility
Our board of directors oversees our risk environment
and associated management practices. Of the 12 The Audit and Oversight Committee of our board of
directors who have been in place throughout 2023, directors has oversight responsibility for social
10 are independent. To carry out its oversight policies, including the company’s Code of Business
function, the board and its committees routinely meet Conduct, while our Ethics and Compliance office,
throughout the year to discuss these matters, and working at the direction of senior management, is
receive regular briefings from management and responsible for the development and implementation
outside advisers about ongoing and emerging risks. of these policies. We educate all employees on our
Code of Business Conduct policies, which cover our
While the board delegates specified risk oversight
expectations for fair, lawful and ethical business
duties to its committees, the board retains collective
conduct. All employees are trained on ethical
responsibility for comprehensive risk oversight,
standards, including respect for diversity, anti-
including short- and long-term critical risks that could
harassment and protection of consumer information.
impact the company’s sustainability. This includes
oversight of risks that have the potential to result in As a top priority across our companies, employee
significant financial or reputational consequences, safety is supported by engagement and accountability
such as the potential impact of climate change on the at all levels. Our Executive Safety Committee directs
utility sector, and review and approval of significant our safety and health strategy and works to ensure
capital projects and investments. consistency across work groups. Management and
represented employees work together to identify risks
To foster an enterprisewide approach to identifying
and prevent injuries. Through Safety Action teams
and managing risk, we have established an
and Regional Safety teams, every employee has a
Enterprise Risk Steering Committee (ERSC), chaired
voice.
by our CEO and composed of senior-level
1
Environmental responsibility ESG/Sustainability Strategy
Business environment
Our governance structure and practices support a
strategic focus on environmental issues. Senior Our operations cover diverse service areas in the
leadership has specific responsibility for managing Upper Midwestern United States, from Chicago to the
risk across the corporation. The vice president — Upper Peninsula of Michigan. This regional diversity
environmental, in collaboration with members of her requires us to adapt to and plan for a variety of
team, takes the lead on analyzing the environmental environmental, economic and regulatory factors.
impacts, including climate-related impacts of our
Due to the region’s climate, storage is an important
strategies and related tactics. The WEC Infrastructure
aspect of our natural gas business. Our natural gas
and Fuels team and Environmental team engage with
storage facilities in Michigan and Illinois allow our
other functional areas of the company to identify cost-
companies to purchase supplies in summer
effective options for reducing emissions. The vice
months, when prices are lower, improving the
president — environmental provides regular updates
reliability and affordability of natural gas service
on environmental issues, including new and proposed
during the long heating season.
laws and regulations, to the Audit and Oversight
Committee of our board of directors at meetings and For our electric operations, We Energies, Wisconsin
through formal quarterly reports. Public Service and Upper Michigan Energy Resources
follow a comprehensive approach to address
The Climate Risk Committee brings together senior-
electricity supply and reliability issues in a way that
level officers responsible for overall climate-related
considers both the economy and the environment. We
corporate strategy. The committee meets at least
are reshaping our generation fleet to reduce costs to
quarterly to review and discuss our current climate-
customers, preserve fuel diversity and reduce
related goals, as well as initiatives that involve risks
greenhouse gas (GHG) emissions in a responsible
and opportunities in achieving those goals.
way.
Responsibility for environmental compliance lies within
Evolving business conditions have influenced the
our operating units and the Environmental
development of our electric fleet. Utility-scale solar
department. Any significant noncompliance is reported
generation became a cost-effective option for our
to senior management. The quarterly report to the
company in recent years, and it fits well with
Audit and Oversight Committee includes the status of
Wisconsin’s summer demand curve. In the Upper
environmental compliance and any significant findings
Peninsula of Michigan, the need for a long-term
of noncompliance. This committee is responsible for
generation solution that is reliable, efficient and
discussing, among other things, major environmental
flexible led us to invest in modular natural gas-fueled
risk exposures and the steps management has taken
generation.
to monitor and control such exposures.
Our companies evaluate environmental impacts and
The full board provides oversight of climate-related
environmental regulations, including regulation of
risks, opportunities and strategy, and annually reviews
GHG emissions, in all facets of their strategic
the Corporate Responsibility Report and its
business planning. Current GHG emissions
accompanying environmental policy statement.
regulation, as well future legislation or regulation that
may be adopted, carries with it a wide range of
Additional resources
possible effects on our energy business; therefore, we
 Board of directors
strive for the flexibility to address these potential
 Ethics and Compliance policies and
outcomes while ensuring a secure, low-cost and
commitments
 Corporate Responsibility Report reliable supply of fuel for our generating needs.
 Management team

2
Risks and opportunities system.

Climate-related and other environmental issues are Through scenario analysis, we confirmed WEC
integrated into multidisciplinary risk identification, Energy Group has established ambitious
assessment and management processes across our greenhouse gas reduction goals for our electric
company. We continuously monitor our assets as well generating fleet and natural gas distribution
as the legislative, regulatory and legal developments in system, aligned with or surpassing global
areas of major environmental risks and opportunities. emissions pathways aimed at limiting warming to
For example, legislative or regulatory developments 1.5°C.
could affect the economics of operating some of our
As we work to reduce GHG emissions, we remain
generating facilities.
focused on safety, reliability and financial
Our companies are members of, and actively discipline. Our financial performance depends on
participate in, several industry organizations (such as the successful operation of our electric generation
AGA, EEI and affiliated organizations) that are involved and natural gas and electric distribution facilities.
in the legislative and regulatory process. We also The operation of these facilities involves many
collaborate with our industry peers on research and physical risks, including the potential breakdown
development through organizations including EPRI and or failure of equipment or processes. Breakdown
the Gas Technology Institute. or failure may occur due to severe weather,
catastrophic events, significant changes in water
Our companies have contributed to sustainable levels in waterways, or operating limitations that
technology and research areas including generation may be imposed by environmental or other
system efficiency improvements, distribution regulatory requirements. Results of our
automation, smart grids, cybersecurity, renewable operations and cash flows also can be affected
energy and demand-side energy efficiency. Our recent by weather conditions, which influence energy
research includes a collaborative project blending demand.
hydrogen with natural gas in one of our efficient
reciprocating internal combustion engine generating To manage equipment-related risks and protect
units, a first-of-its-kind experiment. In 2022, we also the safety of our employees and the public, we
became one of the founding members of EPRI’s monitor natural gas and electric distribution lines.
Climate Resilience and Adaptation Initiative (READi), We complete risk analyses on our natural gas
and we continue to participate in sustainability groups. networks annually and identify high-consequence
areas. We have made significant reliability-related
We also worked with EPRI to conduct a risk investments in recent years, and plan to continue
assessment to understand potential decarbonization strengthening our generation fleet and electric and
pathways, as detailed in our climate report. The natural gas distribution networks.
assessment focused on variables such as cost,
feasibility, policy, technology and probability of We further address the safety risks of our industry
adoption that could influence potential decarbonization generally and company specifically by proactively
pathways for Wisconsin. This study has helped us sharing electric and natural gas safety information
evaluate risks and opportunities associated with our with audiences including students, teachers,
regional energy future. families, contractors and first responders.

Additionally, we engaged ERM, an independent Growing customer demand for energy-efficient and
third-party sustainability consultant, to conduct a lower-emitting options creates opportunities as well
climate scenario analysis across all segments of as risks from the changing market. To meet this
our natural gas utilities business. This scenario demand, we offer a range of energy efficiency tools
analysis was used to test the resilience of our and programs to our residential and business
gas utility assets and operations against potential customers. These programs include energy
future climate-related transitional risks and management services to improve efficiency in
decarbonization pathways. This assessment business operations. In addition, two “green
provided insight on the importance of adopting pricing” programs in Wisconsin allow customers to
an emissions reduction pathway that provides purchase specified amounts of electricity from
both environmental and economic sustainability, renewable sources.
while supporting a resilient and reliable delivery
3
Plans and progress across our energy companies: achieving net-zero
methane emissions from our natural gas
Our strategic planning evolves to anticipate and meet distribution systems by the end of 2030.
environmental challenges, and our environmental
performance demonstrates the effectiveness of that We are reducing methane emissions by
process. In 2000, we began to reshape our portfolio of addressing aging infrastructure in sections of our
electric generation facilities, resulting in reduced natural gas distribution systems. We also plan to
environmental impact and improved environmental invest in opportunities to blend renewable natural
performance. Air quality control systems and other gas (RNG) from dairy farms and other sources
measures at our facilities have led to combined sulfur with conventional natural gas. Our Wisconsin
dioxide, nitrogen oxide and mercury emissions utilities received regulatory approval for their RNG
reductions of approximately 97% when compared to pilot programs, and RNG is now in use in our
2000 emissions. We believe that our multi-emission distribution network. Our ongoing work in research
reduction strategy will continue to achieve greater and development, including participation in EPRI
environmental benefit for lower cost. and GTI’s Low-Carbon Research Initiative, will
help to inform our longer-term strategy.
Reducing GHG emissions from our electric generation
continues to be integral to our strategic planning We continue to evaluate sustainability-related
process, demonstrating commitment to environmental risks and opportunities and update our approach
stewardship while fulfilling an obligation to provide as technology, products and markets evolve.
reliable, affordable energy for customers. As the
regulation of GHG emissions takes shape, our plan for Additional resources
our electric generation is to work with our industry  2022 Form 10-K
 Pathway to a Clean Energy Future
partners, environmental groups and governing bodies
 We Energies (Wisconsin electric and
with a goal of reducing carbon dioxide (CO2) emissions
natural gas subsidiary)
by 60% below 2005 levels by the end of 2025 and
 Wisconsin Public Service (Wisconsin
80% below 2005 levels by the end of 2030. In
electric and natural gas subsidiary)
addition, we have set a long-term goal for our electric
 Peoples Gas (Illinois natural gas subsidiary)
generation to be net carbon neutral by 2050.
 North Shore Gas (Illinois natural
Our capital plan for 2024-2028 supports our focus on gas subsidiary)
sustainability with the planned addition of 3,800  Minnesota Energy Resources
megawatts (MW) of solar, wind and battery storage to (Minnesota natural gas subsidiary)
our regulated utility fleet. We expect this plan to  Michigan Gas Utilities (Michigan natural
facilitate our transition away from coal. By the end of gas subsidiary)
2030, we plan to use coal only as a backup fuel for  Upper Michigan Energy Resources
electric generation, and our goal is to exit coal entirely by (Michigan electric and natural gas
the end of 2032. subsidiary)

We also have set a goal for our natural gas operations Last updated: Dec. 29, 2023

4
Section 2: Quantitative Information

Baseline Target
Goal Applicability Reduction Goal Description (Short) Source for all goals (URL)
Year Year
WEC Energy Group 2005 2025 60% reduction in carbon emissions from electric generation by the end of 2025. 2022 Corporate Responsiblility Report,
WEC Energy Group 2005 2030 80% reduction in carbon emissions from electric generation by the end of 2030. pages 35 and 40
WEC Energy Group 2005 2050 Net carbon neutral target for our generation fleet by 2050. Pathway to a Clean Energy Future: 2022 Climate Report,
WEC Energy Group 2011 2030 Net-zero methane emissions from our natural gas distribution system by the end of 2030. pages 6, 13 and 47

Notes
1. Additional information on the emissions goals listed above, including how they will be achieved, can be found in the Qualitative section.

5
 WEC Energy Group ESG/Sustainability Quantitative Information
Baseline Last Year Last Year Current Year Next Year Future Year Future Year Future Year
2005 2020 2021 2022 2023 2025 2030 2050 Comments, Links, Additional Information, and Notes

Portfolio

Owned nameplate generation capacity at end of year (MW) 9,037 9,299 9,585 10,534 CDP 2023 Climate Change Response, pages 111-118
Coal 3,548 3,548 3,543 3,468
Natural Gas 3,946 3,691 3,712 4,151
Nuclear 0 0 0 0
Petroleum1 0 245 245 245
Total Renewable Energy Resources 1,543 1,815 2,085 2,670
Biomass/Biogas 58 58 58 58
Geothermal 0 0 0 0
Hydroelectric 156 154 156 154
2
Solar 111 208 213 493
2
Wind-utility 498 498 498 580
Wind - infrastructure 1 720 897 1,160 1,385
Other 0 0 0 0
1
In 2021, a facility classification occurred to have oil be the primary fuel source for the appropriate units. Petroleum nameplate capacity for 2020
parameters is included in natural gas.

2
Value restated.

Owned net generation for the data year (MWh) 1 32,479,000 34,286,000 33,576,000 100% 2022 Corporate Responsibility Report, page 8
Coal 14,315,000 16,352,000 13,071,000 <5%
Natural Gas 14,373,000 12,994,000 14,047,000 32%
Nuclear 0 0 0 24%
Petroleum 0 13,000 4,000
Total Renewable Energy Resources 3,791,000 4,927,000 6,454,000 39% Net carbon
Biomass/Biogas 64,000 139,000 200,000 neutral
Geothermal 0 0 0
Hydroelectric 1,007,000 745,000 803,000
Solar 29,000 213,000 439,000
Wind - utility 1,147,000 1,051,000 1,225,000
Wind - infrastructure 1,544,000 2,779,000 3,787,000
Other 0 0 0
1
In 2021, a facility classification occurred to have oil be the primary fuel source for the appropriate units.

Contracted net generation for the data year (MWh) 2 10,732,000 10,426,000 10,660,000
Coal 0 0 0
Natural Gas 872,000 879,000 962,000
Nuclear 8,964,000 8,687,000 8,704,000
Petroleum 0 0 0
Total Renewable Energy Resources 896,000 860,000 994,000
Biomass/Biogas 0 228,000 249,000
Geothermal 0 0 0
Hydroelectric 896,000 568,000 674,000
Solar 0 10,000 11,000
Wind - utility 0 54,000 60,000
Wind - infrastructure 0 0 0
Other 0 0 0
2
In 2021, new methodology to include additional contracted generation sources to serve our load was developed. This methodology is not reflected
in 2020 data and does not include MISO purchases.

Investing in the future

Total annual capital expenditures (nominal dollars) $2,874,300,000 $2,372,700,000 $2,696,900,000 WEC Energy Group 10-K, page 137
Incremental annual electricity savings from energy efficiency measures (MWh) 386,210 422,664 356,140
Incremental annual investment in electric energy efficiency programs (nominal dollars) $56,563,427 $55,106,905 $ 57,585,463

Retail electric customer count (at end of year)*

Commercial/industrial 180,000 178,600 179,800 WEC Energy Group 10-K, page 6
Residential 1,455,700 1,460,400 1,471,400 WEC Energy Group 10-K, page 6
*Customer counts updated to reflect changes in most recent Form 10-K disclosure

Emissions

GHG emissions: carbon dioxide (CO2) and carbon dioxide equivalent (CO2e)

Owned generation
Carbon dioxide (CO2)
Total owned generation CO2 emissions (metric tons) 19,389,000 21,151,000 18,388,000 2023 CDP Climate Change, page 95
2022 CDP Climate Change page 67
2021 Climate Report, page 25
Carbon dioxide equivalent (CO2e)
Total owned generation CO2e emissions (metric tons) 19,471,000 21,245,000 18,466,000 2023 CDP Climate Change page 79 (Scope 1 emissions from fossil fuel and biogenic carbon)
2022 CDP Climate Change page 59 (Scope 1 emissions from fossil fuel and biogenic carbon)
2021 Climate Report, page 25
Purchased power3
Carbon dioxide (CO2)
Total purchased generation CO2 emissions (metric tons) 2,766,000 2020 Corporate Responsibilty Report, page 24
2021 Climate Report, page 25
Carbon dioxide equivalent (CO2e)
Total purchased generation CO2e emissions (metric tons) 2,766,000 2020 Corporate Responsibilty Report, page 24
2021 Climate Report, page 25
Opportunity sales 3
Carbon dioxide (CO2)
Total opportunity sales CO2 emissions (metric tons) 2,686,000 2020 Corporate Responsibilty Report, page 24
2021 Climate Report, page 25
Carbon dioxide equivalent (CO2e)
Total opportunity sales CO2e emissions (metric tons) 2,686,000 2020 Corporate Responsibilty Report, page 24
2021 Climate Report, page 25
Contracted generation3
Carbon dioxide (CO2)
Total opportunity sales CO2 emissions (metric tons) 389,000 422,000 2022 Corporate Responsibility Report, page 19
Carbon dioxide equivalent (CO2e)
Total opportunity sales CO2e emissions (metric tons) 389,000 422,000 2021 Corporate Responsibility Report, page 24

MISO purchases3
Carbon dioxide (CO2)
Total MISO purchases CO2 emissions (metric tons) 2,942,000 2,847,000 2022 Corporate Responsibility Report, page 19
Carbon dioxide equivalent (CO2e)
Total MISO purchases CO2e emissions (metric tons) 2,953,000 2,859,000 2021 Corporate Responsibility Report, page 24

MISO sales3
Carbon dioxide (CO2)
Total MISO sales CO2 emissions (metric tons) 3,314,000 2,383,000 2022 Corporate Responsibility Report, page 19
Carbon dioxide equivalent (CO2e)
Total MISO sales CO2e emissions (metric tons) 3,327,000 2,393,000 2021 Corporate Responsibility Report, page 24

Wholesale sales3
Carbon dioxide (CO2)
Total wholesale sales CO2 emissions (metric tons) 1,243,000 1,092,000 2022 Corporate Responsibility Report, page 19
Carbon dioxide equivalent (CO2e)
Total wholesale sales CO2e emissions (metric tons) 1,243,000 1,097,000 2021 Corporate Responsibility Report, page 24

Owned and Contracted Generation 3,4, 5

Carbon dioxide (CO2)
Total net CO2 emissions (metric tons) 35,700,000 19,469,000 21,540,000 18,810,000 14,300,000 7,140,000 0
Total net CO2 emissions intensity (metric tons/net MWh) 0.42 0.48 0.43
Carbon dioxide equivalent (CO2e)
Total net CO2e emissions (metric tons) 19,551,000 21,634,000 18,888,000 2021 Corporate Responsibility Report, page 24
Total net CO2e emissions intensity (metric tons/net MWh) 0.42 0.48 0.43 2022 Corporate Responsibility Report

3,4, 6
Net Supply to meet Customer load (includes distribution losses)
Carbon dioxide (CO2)
Total net CO2 emissions (metric tons) 35,700,000 19,925,000 18,182,000 14,300,000 7,140,000 0 2022 Corporate Responsibility Report, page 19
Total net CO2 emissions intensity (metric tons/net MWh) 0.51 0.47
Carbon dioxide equivalent (CO2e)
Total net CO2e emissions (metric tons) 20,017,000 18,257,000 2021 Corporate Responsibility Report, page 24
Total net CO2e emissions intensity (metric tons/net MWh) 0.51 0.47

3
Sections added/revised starting in 2021; For 2020, emissions from contracted generating facilities, market purchases, and market sales. Market purchases were
determined from each utility and utilized the regional factors supplied by the Michigan Public Service Commission. For 2021-2022, CO2 emissions produced to
support wholesale sales and market sales are netted with CO2 emissions from contracted generating facilities and market purchases. Market purchases and sales
were determined for the combined utilities and utilized EIA CO2 rates by fuel type and Midcontinent Independent System Operator (MISO) fuel data mix. MISO
purchases are included in 2020 MWh intensities.

4
Includes owned generation from WEC Infrastructure wind farms. The environmental attributes of the WEC Infrastructure renewable facilities are or may be the
property of third parties. As such, these third parties are solely entitled to the reporting rights and ownership of the environmental attributes such as renewable
energy credits, offsets, allowances and the avoided emissions of greenhouse gases.

5
New calculation methodology for determining corporate generation intensity established in 2021.

6
 WEC Energy Group ESG/Sustainability Quantitative Information
Baseline Last Year Last Year Current Year Next Year Future Year Future Year Future Year
2005 2020 2021 2022 2023 2025 2030 2050 Comments, Links, Additional Information, and Notes

6
New calculation methodology for determining net supply generation intensity established in 2021 utilizing customer load MWh.

WEC's electric facilities do not exceed the EPA's reporting

Total CO2e emissions of SF6 (metric tons) N/A N/A N/A threshold for SF6.
Leak rate of CO2e emissions of SF6 (metric tons/net MWh) N/A N/A N/A

Nitrogen oxides (NOx), sulfur dioxide (SO2), mercury (Hg)

generation basis for calculation Fossil

7
 WEC Energy Group ESG/Sustainability Quantitative Information
Baseline Last Year Last Year Current Year Next Year Future Year Future Year Future Year
2005 2020 2021 2022 2023 2025 2030 2050 Comments, Links, Additional Information, and Notes

Resources

Human resources
Total number of employees 7,279 6,945 6
7,029 2022 Corporate Responsibility Report, page 49
Percentage of women in total workforce 26% 25% 25% 2022 Corporate Responsibility Report, page 49
Percentage of minorities in total workforce 26% 25% 26% 2022 Corporate Responsibility Report, page 49
Total number on board of directors 12 10 12
Percentage of women on board of directors 25% 30% 33%
Percentage of minorities on board of directors 25% 40% 33%
Employee safety metrics
Recordable incident rate 2.52 2.58 1.69 2022 Corporate Responsibility Report, page 58
Lost-time case rate 0.75 0.84 0.37 2022 Corporate Responsibility Report, page 58
Days away, restricted, and transfer (DART) rate 1.80 1.98 1.07 2022 Corporate Responsibility Report, page 58
Work-related fatalities 0 0 0 2022 Corporate Responsibility Report, page 58

Fresh water resources used in thermal power generation activities

Water withdrawals - consumptive (millions of gallons) 2,600 2,600 2,600 Converted from billion cubic meters in 2022 Corporate Responsibility Report, page 20
Water withdrawals - non-consumptive (millions of gallons) 710,000 780,000 800,000
Water withdrawals - consumptive rate (millions of gallons/net MWh) 0.0001 0.0001 0.0001
Water withdrawals - non-consumptive rate (millions of gallons/net MWh) 0.02 0.03 0.03

Waste products
Amount of hazardous waste manifested for disposal (metric tons) 35 51 13 2022 Corporate Responsibility Report, page 21
Percent of coal combustion products beneficially used
95% 95% 93% 2022 Corporate Responsibility Report, page 23
6
Value restated.
© 2021 Edison Electric Institute. All rights reserved.

8
 Definitions for Electric Company ESG/Sustainability Metrics
Time Period Reference to Source
Ref. No. Metric Name Definition Units Reported in
(if applicable) (if applicable)

Portfolio

Provide generation capacity data that is consistent with other external reporting by your company. The alternative default is
to use the summation of the nameplate capacity of installed owned generation in the company portfolio, as reported to the
U.S. Energy Information Administration, Online Glossary,
U.S. Energy Information Administration (EIA) on Form 860 Generator Information. Note that data should be provided in
Megawatt (MW): One million https://www.eia.gov/tools/glossary/.
1 Owned Nameplate Generation Capacity at end of year (MW) terms of equity ownership for shared facilities. Nameplate capacity is defined as the maximum rated output of a generator, End of Year
watts of electricity. Form 860 instructions available at:
prime mover, or other electric power production equipment under specific conditions designated by the manufacturer.
www.eia.gov/survey/form/eia_860/instructions.pdf.
Installed generator nameplate capacity is commonly expressed in megawatts (MW) and is usually indicated on a nameplate
physically attached to the generator.

Nameplate capacity of generation resources that produce electricity through the combustion of coal (a readily combustible
black or brownish-black rock whose composition, including inherent moisture, consists of more than 50 percent by weight U.S. Energy Information Administration, Online Glossary,
1.1 Coal MW End of Year
and more than 70 percent by volume of carbonaceous material. It is formed from plant remains that have been compacted, https://www.eia.gov/tools/glossary/.
hardened, chemically altered, and metamorphosed by heat and pressure over geologic time).

Nameplate capacity of generation resources that produce electricity through the combustion of natural gas (a gaseous U.S. Energy Information Administration, Online Glossary,
1.2 Natural Gas MW End of Year
mixture of hydrocarbon compounds, the primary one being methane). https://www.eia.gov/tools/glossary/.
Nameplate capacity of generation resources that produce electricity through the use of thermal energy released from the U.S. Energy Information Administration, Online Glossary,
1.3 Nuclear MW End of Year
fission of nuclear fuel in a reactor. https://www.eia.gov/tools/glossary/.
Nameplate capacity of generation resources that produce electricity through the combustion of petroleum (a broadly defined
U.S. Energy Information Administration, Online Glossary,
1.4 Petroleum class of liquid hydrocarbon mixtures. Included are crude oil, lease condensate, unfinished oils, refined products obtained from MW End of Year
https://www.eia.gov/tools/glossary/.
the processing of crude oil, and natural gas plant liquids).
Energy resources that are naturally replenishing but flow-limited. They are virtually inexhaustible in duration but limited in
U.S. Energy Information Administration, Online Glossary,
1.5 Total Renewable Energy Resources the amount of energy that is available per unit of time. Renewable energy resources include biomass, hydro, geothermal, MW End of Year
https://www.eia.gov/tools/glossary/.
solar, wind, ocean thermal, wave action, and tidal action.
Nameplate capacity of generation resources that produce electricity through the combustion of biomass (an organic nonfossil U.S. Energy Information Administration, Online Glossary,
1.5.1 Biomass/Biogas MW End of Year
material of biological origin constituting a renewable energy source). https://www.eia.gov/tools/glossary/.
Nameplate capacity of generation resources that produce electricity through the use of thermal energy released from hot U.S. Energy Information Administration, Online Glossary,
1.5.2 Geothermal MW End of Year
water or steam extracted from geothermal reservoirs in the earth's crust. https://www.eia.gov/tools/glossary/.
U.S. Energy Information Administration, Online Glossary,
1.5.3 Hydroelectric Nameplate capacity of generation resources that produce electricity through the use of flowing water. MW End of Year
https://www.eia.gov/tools/glossary/.
Nameplate capacity of generation resources that produce electricity through the use of the radiant energy of the sun, which U.S. Energy Information Administration, Online Glossary,
1.5.4 Solar MW End of Year
can be converted into other forms of energy, such as heat or electricity. https://www.eia.gov/tools/glossary/.
Nameplate capacity of generation resources that produce electricity through the use of kinetic energy present in wind motion U.S. Energy Information Administration, Online Glossary,
1.5.5 Wind MW End of Year
that can be converted to mechanical energy for driving pumps, mills, and electric power generators. https://www.eia.gov/tools/glossary/.
1.6 Other Nameplate capacity of generation resources that are not defined above. MW End of Year

Net generation is defined as the summation of the amount of gross generation less the electrical energy consumed at the
generating station(s) for station service or auxiliaries. Data can be provided in terms of total, owned, and/or purchased,
U.S. Energy Information Administration, Online Glossary,
depending on how the company prefers to disseminate data in this template. Provide net generation data that is consistent Megawatthour (MWh): One
https://www.eia.gov/tools/glossary/.
2 Net Generation for the data year (MWh) with other external reporting by your company. The alternative default is to provide owned generation data as reported to thousand kilowatt-hours or one Annual
Form 923 instructions available at:
EIA on Form 923 Schedule 3 and align purchased power data with the Federal Energy Regulatory Commission (FERC) Form 1 million watt-hours.
www.eia.gov/survey/form/eia_923/instructions.pdf.
Purchased Power Schedule, Reference Pages numbers 326-327. Note: Electricity required for pumping at pumped-storage
plants is regarded as electricity for station service and is deducted from gross generation.

Net electricity generated by the combustion of coal (a readily combustible black or brownish-black rock whose composition,
including inherent moisture, consists of more than 50 percent by weight and more than 70 percent by volume of U.S. Energy Information Administration, Online Glossary,
2.1 Coal MWh Annual
carbonaceous material. It is formed from plant remains that have been compacted, hardened, chemically altered, and https://www.eia.gov/tools/glossary/.
metamorphosed by heat and pressure over geologic time).
Net electricity generated by the combustion of natural gas (a gaseous mixture of hydrocarbon compounds, the primary one U.S. Energy Information Administration, Online Glossary,
2.2 Natural Gas MWh Annual
being methane). https://www.eia.gov/tools/glossary/.
U.S. Energy Information Administration, Online Glossary,
2.3 Nuclear Net electricity generated by the use of the thermal energy released from the fission of nuclear fuel in a reactor. MWh Annual
https://www.eia.gov/tools/glossary/.
Net electricity generated by the combustion of petroleum (a broadly defined class of liquid hydrocarbon mixtures. Included
U.S. Energy Information Administration, Online Glossary,
2.4 Petroleum are crude oil, lease condensate, unfinished oils, refined products obtained from the processing of crude oil, and natural gas MWh Annual
https://www.eia.gov/tools/glossary/.
plant liquids).
Energy resources that are naturally replenishing but flow-limited. They are virtually inexhaustible in duration but limited in
U.S. Energy Information Administration, Online Glossary,
2.5 Total Renewable Energy Resources the amount of energy that is available per unit of time. Renewable energy resources include biomass, hydro, geothermal, MWh Annual
https://www.eia.gov/tools/glossary/.
solar, wind, ocean thermal, wave action, and tidal action.
Net electricity generated by the combustion of biomass (an organic nonfossil material of biological origin constituting a U.S. Energy Information Administration, Online Glossary,
2.5.1 Biomass/Biogas MWh Annual
renewable energy source). https://www.eia.gov/tools/glossary/.
Net electricity generated by the use of thermal energy released from hot water or steam extracted from geothermal reservoirs U.S. Energy Information Administration, Online Glossary,
2.5.2 Geothermal MWh Annual
in the earth's crust. https://www.eia.gov/tools/glossary/.
U.S. Energy Information Administration, Online Glossary,
2.5.3 Hydroelectric Net electricity generated by the use of flowing water. MWh Annual
https://www.eia.gov/tools/glossary/.
Net electricity generated by the use of the radiant energy of the sun, which can be converted into other forms of energy, such U.S. Energy Information Administration, Online Glossary,
2.5.4 Solar MWh Annual
as heat or electricity. https://www.eia.gov/tools/glossary/.
Net electricity generated by the use of kinetic energy present in wind motion that can be converted to mechanical energy for U.S. Energy Information Administration, Online Glossary,
2.5.5 Wind MWh Annual
driving pumps, mills, and electric power generators. https://www.eia.gov/tools/glossary/.
Net electricity generated by other resources that are not defined above. If applicable, this metric should also include market
2.6 Other MWh Annual
purchases where the generation resource is unknown.

3 Capital Expenditures and Energy Efficiency (EE)

Align annual capital expenditures with data reported in recent investor presentations or financial filings. Total capital
expenditures should reflect all investments made at the company level (i.e., parent level or operating company) for which Accounting Tools, Q&A,
3.1 Total Annual Capital Expenditures other data (e.g., number of customers, emissions, etc.) is reported. A capital expenditure is the use of funds or assumption of Nominal Dollars Annual http://www.accountingtools.com/questions-and-answers/what-is-
a liability in order to obtain physical assets that are to be used for productive purposes for at least one year. This type of a-capital-expenditure.html
expenditure is made in order to expand the productive or competitive posture of a business.

Incremental Annual Electricity Savings for the reporting year as reported to EIA on Form 861. Incremental Annual Savings for
the reporting year are those changes in energy use caused in the current reporting year by: (1) new participants in DSM U.S. Energy Information Administration, Form EIA-861 Annual
3.2 Incremental Annual Electricity Savings from EE Measures (MWh) programs that operated in the previous reporting year, and (2) participants in new DSM programs that operated for the first MWh End of Year Electric Power Industry Report Instructions. Available at:
time in the current reporting year. A “New program” is a program for which the reporting year is the first year the program www.eia.gov/survey/form/eia_861/instructions.pdf.
achieved savings, regardless of when program development and expenditures began.

U.S. Energy Information Administration, Form EIA-861 Annual

3.3 Incremental Annual Investment in Electric EE Programs (nominal dollars) Total annual investment in electric energy efficiency programs as reported to EIA on Form 861. Nominal Dollars End of Year Electric Power Industry Report Instructions. Available at:
www.eia.gov/survey/form/eia_861/instructions.pdf.

U.S. Energy Information Administration, Form EIA-861 Annual

4 Retail Electric Customer Count (at end of year) Electric customer counts should be aligned with the data provided to EIA on Form 861 - Sales to Utility Customers. Electric Power Industry Report Instructions. Available at:
www.eia.gov/survey/form/eia_861/instructions.pdf.
An energy-consuming sector that consists of service-providing facilities and equipment of businesses; Federal, State, and local
governments; and other private and public organizations, such as religious, social, or fraternal groups. The commercial sector Number of end-use retail
includes institutional living quarters. It also includes sewage treatment facilities. Common uses of energy associated with this customers receiving electricity U.S. Energy Information Administration, Online Glossary,
4.1 Commercial End of Year
sector include space heating, water heating, air conditioning, lighting, refrigeration, cooking, and running a wide variety of (individual homes and businesses https://www.eia.gov/tools/glossary/.
other equipment. Note: This sector includes generators that produce electricity and/or useful thermal output primarily to count as one).
support the activities of the above-mentioned commercial establishments.
An energy-consuming sector that consists of all facilities and equipment used for producing, processing, or assembling goods.
The industrial sector encompasses the following types of activity manufacturing (NAICS codes 31-33); agriculture, forestry,
Number of end-use retail
fishing and hunting (NAICS code 11); mining, including oil and gas extraction (NAICS code 21); and construction (NAICS code
customers receiving electricity U.S. Energy Information Administration, Online Glossary,
4.2 Industrial 23). Overall energy use in this sector is largely for process heat and cooling and powering machinery, with lesser amounts End of Year
(individual homes and businesses https://www.eia.gov/tools/glossary/.
used for facility heating, air conditioning, and lighting. Fossil fuels are also used as raw material inputs to manufactured
count as one).
products. Note: This sector includes generators that produce electricity and/or useful thermal output primarily to support the
above-mentioned industrial activities. Various EIA programs differ in sectoral coverage.

An energy-consuming sector that consists of living quarters for private households. Common uses of energy associated with Number of end-use retail
this sector include space heating, water heating, air conditioning, lighting, refrigeration, cooking, and running a variety of customers receiving electricity U.S. Energy Information Administration, Online Glossary,
4.3 Residential End of Year
other appliances. The residential sector excludes institutional living quarters. Note: Various EIA programs differ in sectoral (individual homes and businesses https://www.eia.gov/tools/glossary/.
coverage. count as one).

Emissions

5 GHG Emissions: Carbon Dioxide (CO2) and Carbon Dioxide Equivalent (CO2e)
5.1 Owned Generation
5.1.1 Carbon Dioxide (CO2)

Total direct CO2 emissions from company equity-owned fossil fuel combustion generation based on EPA's GHG Reporting
U.S. Environmental Protection Agency, Greenhouse Gas Reporting
5.1.1.1 Total Owned Generation CO2 Emissions Program (40 CFR, part 98, Subpart C – General Stationary Fuel Combustion and Subpart D – Electricity Production), using a Metric Tons Annual
Program (40 CFR, part 98, Subparts C and D).
continuous emission monitoring system (CEMS) or other relevant protocols.

Total direct CO2 emissions from 5.1.1.1, divided by total MWh of owned net generation reported in the Utility Portfolio
5.1.1.2 Total Owned Generation CO2 Emissions Intensity Metric Tons/Net MWh Annual
section.
5.1.2 Carbon Dioxide Equivalent (CO2e)

Total direct CO2e emissions (CO2, CH4, and N2O) from company equity-owned fossil fuel combustion generation in
U.S. Environmental Protection Agency, Greenhouse Gas Reporting
5.1.2.1 Total Owned Generation CO2e Emissions accordance with EPA's GHG Reporting Program (40 CFR, part 98, Subpart C – General Stationary Fuel Combustion and Subpart Metric Tons Annual
Program (40 CFR, part 98, Subparts C and D).
D – Electricity Production), using a continuous emission monitoring system (CEMS) or other approved methodology.

Total direct CO2e emissions from 5.1.2.1, divided by total MWh of owned net generation reported in the Utility Portfolio
5.1.2.2 Total Owned Generation CO2e Emissions Intensity Metric Tons/Net MWh Annual
section.
5.2 Purchased Power
5.2.1 Carbon Dioxide (CO2)

9
 Definitions for Electric Company ESG/Sustainability Metrics
Time Period Reference to Source
Ref. No. Metric Name Definition Units Reported in
(if applicable) (if applicable)
Purchased power CO2 emissions should be calculated using the most relevant and accurate of the following methods:
(1) For direct purchases, such as PPAs, use the direct emissions data as reported to EPA.
(2) For market purchases where emissions attributes are unknown, use applicable regional or national emissions rate:
5.2.1.1 Total Purchased Generation CO2 Emissions Metric Tons Annual
- ISO/RTO-level emission factors
- Climate Registry emission factors
- E-Grid emission factors
Total purchased power CO2 emissions from 5.2.1.1, divided by total MWh of purchased net generation reported in the Utility
5.2.1.2 Total Purchased Generation CO2 Emissions Intensity Metric Tons/Net MWh Annual
Portfolio section.
5.2.2 Carbon Dioxide Equivalent (CO2e)

Purchased power CO2e emissions should be calculated using the most relevant and accurate of the following methods:
(1) For direct purchases, such as PPAs, use the direct emissions data as reported to EPA.
(2) For market purchases where emissions attributes are unknown, use applicable regional or national emissions rate:
5.2.2.1 Total Purchased Generation CO2e Emissions Metric Tons Annual
- ISO/RTO-level emission factors
- Climate Registry emission factors
- E-Grid emission factors

Total purchased power CO2e emissions from 5.2.2.1, divided by total MWh of purchased net generation reported in the
5.2.2.2 Total Purchased Generation CO2e Emissions Intensity Metric Tons/Net MWh Annual
Utility Portfolio section.
5.3 Owned Generation + Purchased Power
5.3.1 Carbon Dioxide (CO2)
5.3.1.1 Total Owned + Purchased Generation CO2 Emissions Sum of total CO2 emissions reported under 5.1.1.1 and 5.2.1.1. Metric Tons Annual
Total emissions from 5.3.1.1, divided by total MWh of owned and purchased net generation reported in the Utility Portfolio
5.3.1.2 Total Owned + Purchased Generation CO2 Emissions Intensity Metric Tons/Net MWh Annual
section.
5.3.2 Carbon Dioxide Equivalent (CO2e)
5.3.2.1 Total Owned + Purchased Generation CO2e Emissions Sum of total CO2e emissions reported under 5.1.2.1 and 5.2.2.1. Metric Tons Annual
Total emissions from 5.3.2.1, divided by total MWh of owned and purchased net generation reported in the Utility Portfolio
5.3.2.2 Total Owned + Purchased Generation CO2e Emissions Intensity Metric Tons/Net MWh Annual
section.
5.4 Non-Generation CO2e Emissions of Sulfur Hexafluoride (SF6)
U.S. Environmental Protection Agency, Greenhouse Gas Reporting
5.4.1 Total CO2e emissions of SF6 Total CO2e emissions of SF6 in accordance with EPA's GHG Reporting Program (40 CFR Part 98, Subpart DD). Pounds (lbs) Annual
Program (40 CFR, part 98, Subpart DD).
U.S. Environmental Protection Agency, Greenhouse Gas Reporting
5.4.2 Leak rate of CO2e emissions of SF6 Leak rate of CO2e emissions of SF6 in accordance with EPA's GHG Reporting Program (40 CFR Part 98, Subpart DD) Pounds/Net MWh Annual
Program (40 CFR, part 98, Subpart DD).

6 Nitrogen Oxide (NOx), Sulfur Dioxide (SO2), Mercury (Hg)

Indicate the generation basis for calculating SO2, NOx, and Hg emissions and intensity.
Fossil: Fossil Fuel Generation Only
6.1 Generation basis for calculation
Total: Total System Generation
Other: Other (please specify in comment section)
6.2 Nitrogen Oxide (NOx)
Total NOx emissions from company equity-owned fossil fuel combustion generation. In accordance with EPA's Acid Rain U.S. Environmental Protection Agency, Acid Rain Reporting
6.2.1 Total NOx Emissions Metric Tons Annual
Reporting Program (40 CFR, part 75) or regulatory equivalent. Program (40 CFR, part 75).
6.2.2 Total NOx Emissions Intensity Total from above, divided by the MWh of generation basis as indicated in 6.1. Metric Tons/Net MWh Annual
6.3 Sulfur Dioxide (SO2)
Total SO2 emissions from company equity-owned fossil fuel combustion generation. In accordance with EPA's Acid Rain U.S. Environmental Protection Agency, Acid Rain Reporting
6.3.1 Total SO2 Emissions Metric Tons Annual
Reporting Program (40 CFR, part 75) or regulatory equivalent. Program (40 CFR, part 75).
6.3.2 Total SO2 Emissions Intensity Total from above, divided by the MWh of generation basis as indicated in 6.1. Metric Tons/Net MWh Annual
6.4 Mercury (Hg)
Total Mercury emissions from company equity-owned fossil fuel combustion generation. Preferred methods of measurement
are performance-based, direct measurement as outlined in the EPA Mercury and Air Toxics Standard (MATS). In the absence EPRI, Metrics to Benchmark Electric Power Company Sustainability
6.4.1 Total Hg Emissions Kilograms Annual
of performance-based measures, report value aligned with Toxics Release Inventory (TRI) or regulatory equivalent for Performance, 2018 Technical Report.
international operations.
6.4.2 Total Hg Emissions Intensity Total from above, divided by the MWh of generation basis as indicated in 6.1. Kilograms/Net MWh Annual

Resources

7 Human Resources
Average number of employees over the year. To calculate the annual average number of employees: (1) Calculate the total
number of employees your establishment paid for all periods. Add the number of employees your establishment paid in every U.S. Department of Labor, Bureau of Labor Statistics, Steps to
pay period during the data year. Count all employees that you paid at any time during the year and include full-time, part- estimate annual average number of employees,
7.1 Total Number of Employees time, temporary, seasonal, salaried, and hourly workers. Note that pay periods could be monthly, weekly, bi-weekly, and so Number of Employees Annual www.bls.gov/respondents/iif/annualavghours.htm. EPRI, Metrics
on. (2) Divide the total number of employees (from step 1) by the number of pay periods your establishment had in during to Benchmark Electric Power Company Sustainability Performance,
the data year. Be sure to count any pay periods when you had no (zero) employees. (3) Round the answer you computed in 2018 Technical Report.
step 2 to the next highest whole number.
U.S. Equal Employment Opportunity Commission, EEO
Terminology, www.archives.gov/eeo/terminology.html. EPRI,
7.2 Percentage of Women in Total Workforce Percentage of women (defined as employees who identify as female) in workforce. Percent of Employees Annual
Metrics to Benchmark Electric Power Company Sustainability
Performance, 2018 Technical Report.
Percentage of minorities in workforce. Minority employees are defined as “the smaller part of a group. A group within a
country or state that differs in race, religion or national origin from the dominant group. Minority is used to mean four
particular groups who share a race, color or national origin.” These groups are: “(1) American Indian or Alaskan Native. A U.S. Equal Employment Opportunity Commission, EEO
person having origins in any of the original peoples of North America, and who maintain their culture through a tribe or Terminology, www.archives.gov/eeo/terminology.html. EPRI,
7.3 Percentage of Minorities in Total Workforce Percent of Employees Annual
community; (2) Asian or Pacific Islander. A person having origins in any of the original people of the Far East, Southeast Asia, Metrics to Benchmark Electric Power Company Sustainability
India, or the Pacific Islands. These areas include, for example, China, India, Korea, the Philippine Islands, and Samoa; (3) Black Performance, 2018 Technical Report.
(except Hispanic). A person having origins in any of the black racial groups of Africa; (4) Hispanic. A person of Mexican, Puerto
Rican, Cuban, Central or South American, or other Spanish culture or origin, regardless of race.”
7.4 Total Number of Board of Directors/Trustees Average number of employees on the Board of Directors/Trustees over the year. Number of Employees Annual
U.S. Equal Employment Opportunity Commission, EEO
Terminology, www.archives.gov/eeo/terminology.html. EPRI,
7.5 Percentage of Women on Board of Directors/Trustees Percentage of women (defined as employees who identify as female) on Board of Directors/Trustees. Percent of Employees Annual
Metrics to Benchmark Electric Power Company Sustainability
Performance, 2018 Technical Report.
Percentage of minorities on Board of Directors/Trustees. Minority employees are defined as “the smaller part of a group. A
group within a country or state that differs in race, religion or national origin from the dominant group. Minority is used to
mean four particular groups who share a race, color or national origin.” These groups are: “(1) American Indian or Alaskan U.S. Equal Employment Opportunity Commission, EEO
Native. A person having origins in any of the original peoples of North America, and who maintain their culture through a Terminology, www.archives.gov/eeo/terminology.html. EPRI,
7.6 Percentage of Minorities on Board of Directors/Trustees Percent of Employees Annual
tribe or community; (2) Asian or Pacific Islander. A person having origins in any of the original people of the Far East, Metrics to Benchmark Electric Power Company Sustainability
Southeast Asia, India, or the Pacific Islands. These areas include, for example, China, India, Korea, the Philippine Islands, and Performance, 2018 Technical Report.
Samoa; (3) Black (except Hispanic). A person having origins in any of the black racial groups of Africa; (4) Hispanic. A person of
Mexican, Puerto Rican, Cuban, Central or South American, or other Spanish culture or origin, regardless of race.”
7.7 Employee Safety Metrics

Number of injuries or illnesses x 200,000 / Number of employee labor hours worked. Injury or illness is recordable if it results
in any of the following: death, days away from work, restricted work or transfer to another job, medical treatment beyond
first aid, or loss of consciousness. You must also consider a case to meet the general recording criteria if it involves a
significant injury or illness diagnosed by a physician or other licensed health care professional, even if it does not result in
death, days away from work, restricted work or job transfer, medical treatment beyond first aid, or loss of consciousness. U.S. Department of Labor, Occupational Health and Safety
Record the injuries and illnesses of all employees on your payroll, whether they are labor, executive, hourly, salary, part-time, Administration, OSHA Recordable Incidents. EPRI, Metrics to
7.7.1 Recordable Incident Rate Percent Annual
seasonal, or migrant workers. You also must record the recordable injuries and illnesses that occur to employees who are not Benchmark Electric Power Company Sustainability Performance,
on your payroll if you supervise these employees on a day-to-day basis. If your business is organized as a sole proprietorship 2018 Technical Report.
or partnership, the owner or partners are not considered employees for recordkeeping purposes. For temporary employees,
you must record these injuries and illnesses if you supervise these employees on a day-to-day basis. If the contractor's
employee is under the day-to-day supervision of the contractor, the contractor is responsible for recording the injury or
illness. If you supervise the contractor employee's work on a day-to-day basis, you must record the injury or illness.

U.S. Department of Labor, Occupational Health and Safety

Calculated as: Number of lost-time cases x 200,000 / Number of employee labor hours worked. Only report for employees of
Administration, OSHA Recordable Incidents. EPRI, Metrics to
7.7.2 Lost-time Case Rate the company as defined for the “recordable incident rate for employees” metric. A lost-time incident is one that resulted in Percent Annual
Benchmark Electric Power Company Sustainability
an employee's inability to work the next full work day.
Performance, 2018 Technical Report.
U.S. Department of Labor, Occupational Health and Safety
Calculated as: Total number of DART incidents x 200,000 / Number of employee labor hours worked. A DART incident is one in
Administration, OSHA Recordable Incidents. EPRI, Metrics to
7.7.3 Days Away, Restricted, and Transfer (DART) Rate which there were one or more lost days or one or more restricted days, or one that resulted in an employee transferring to a Percent Annual
Benchmark Sustainability Performance for the Electric Power
different job within the company.
Industry , 2018 Technical Report.
Total employee fatalities. Record for all employees on your payroll, whether they are labor, executive, hourly, salary, part- U.S. Department of Labor, Occupational Health and Safety
time, seasonal, or migrant workers. Include fatalities to those that occur to employees who are not on your payroll if you Administration, OSHA Recordable Incidents. EPRI, Metrics to
7.7.4 Work-related Fatalities Number of Employees Annual
supervise these employees on a day-to-day basis. For temporary employees, report fatalities if you supervise these Benchmark Electric Power Company Sustainability Performance,
employees on a day-to-day basis. 2018 Technical Report.

8 Fresh Water Resources used in Thermal Power Generation Activities

Amount of freshwater consumed for use in thermal generation. “Freshwater” includes water sourced from fresh surface
water, groundwater, rain water, and fresh municipal water. Do NOT include recycled, reclaimed, or gray water. Water Partially sourced from EPRI, Metrics to Benchmark Electric Power
8.1 Water Withdrawals - Consumptive (Millions of Gallons) Millions of Gallons Annual
consumption is defined as water that is not returned to the original water source after being withdrawn, including Company Sustainability Performance, 2018 Technical Report.
evaporation to the atmosphere.

Amount of fresh water withdrawn, but not consumed, for use in thermal generation.“Freshwater” includes water sourced
from fresh surface water, groundwater, rain water, and fresh municipal water. Do NOT include recycled, reclaimed, or gray Partially sourced from EPRI, Metrics to Benchmark Electric Power
8.2 Water Withdrawals - Non-Consumptive (Millions of Gallons) Millions of Gallons Annual
water. Information on organizational water withdrawal may be drawn from water meters, water bills, calculations derived Company Sustainability Performance, 2018 Technical Report.
from other available water data or (if neither water meters nor bills or reference data exist) the organization’s own estimates.

Rate of freshwater consumed for use in thermal generation. “Freshwater” includes water sourced from fresh surface water,
groundwater, rain water, and fresh municipal water. Do NOT include recycled, reclaimed, or gray water. Water consumption is
Partially sourced from EPRI, Metrics to Benchmark Electric Power
8.3 Water Withdrawals - Consumptive Rate (Millions of Gallons/Net MWh) defined as water that is not returned to the original water source after being withdrawn, including evaporation to the Millions of Gallons/Net MWh Annual
Company Sustainability Performance, 2018 Technical Report.
atmosphere. Divide millions of gallons by equity-owned total net generation from all equity-owned net electric generation as
reported under Metric 2, Net Generation for the data year (MWh).

10
 Definitions for Electric Company ESG/Sustainability Metrics
Time Period Reference to Source
Ref. No. Metric Name Definition Units Reported in
(if applicable) (if applicable)
Rate of fresh water withdrawn, but not consumed, for use in thermal generation.“Freshwater” includes water sourced from
fresh surface water, groundwater, rain water, and fresh municipal water. Do NOT include recycled, reclaimed, or gray water.
Information on organizational water withdrawal may be drawn from water meters, water bills, calculations derived from other Partially sourced from EPRI, Metrics to Benchmark Electric Power
8.4 Water Withdrawals - Non-Consumptive Rate (Millions of Gallons/Net MWh) Millions of Gallons/Net MWh Annual
available water data or (if neither water meters nor bills or reference data exist) the organization’s own estimates. Divide Company Sustainability Performance, 2018 Technical Report.
millions of gallons by equity-owned total net generation from all equity-owned net electric generation as reported under
Metric 2, Net Generation for the data year (MWh).

9 Waste Products

Metric tons of hazardous waste, as defined by the Resource Conservation and Recovery Act (RCRA), manifested for disposal at
a Treatment Storage and Disposal (TSD) facility. Methods of disposal include disposing to landfill, surface impoundment,
Partially sourced from EPRI, Metrics to Benchmark Electric Power
9.1 Amount of Hazardous Waste Manifested for Disposal waste pile, and land treatment units. Hazardous wastes include either listed wastes (F, K, P and U lists) or characteristic wastes Metric Tons Annual
Company Sustainability Performance, 2018 Technical Report.
(wastes which exhibit at least one of the following characteristics - ignitability, corrosivity, reactivity, toxicity). Include
hazardous waste from all company operations including generation, transmissions, distribution, and other operations.

Percent of coal combustion products (CCPs) - fly ash, bottom ash, boiler slag, flue gas desulfurization materials, scrubber bi-
product - diverted from disposal into beneficial uses, including being sold. Include any CCP that is generated during the data
Partially sourced from EPRI, Metrics to Benchmark Electric Power
9.2 Percent of Coal Combustion Products Beneficially Used year and stored for beneficial use in a future year. Only include CCP generated at company equity-owned facilities. If no Percent Annual
Company Sustainability Performance, 2018 Technical Report.
weight data are available, estimate the weight using available information on waste density and volume collected, mass
balances, or similar information.

11
 WEC Energy Group
ESG/Sustainability Quantitative Information
Parent Company: WEC Energy Group
Operating Company(s): WEC Energy Group
ESG/Sustainability Quantitative Information
Business Type(s): Natural gas storage and distribution
State(s) of Operation: Wisconsin, Illinois, Minnesota and Michigan
Regulatory Environment: Regulated
Report Date: 12/29/2023
Note: Data from from operating companies is rolled up to the corporate level.

Prior Year Last Year Current Year

2020 2021 2022 Definitions

Natural Gas Distribution

All methane leak sources per 98.232 (i) (1-6) are included for Distribution.
Combustion sources are excluded. CO 2 is excluded.
METHANE EMISSIONS AND MITIGATION FROM DISTRIBUTION MAINS
1
Number of Gas Distribution Customers 2,950,000 2,962,000 2,982,000 Total natural gas customers of WEC Energy Group
Distribution Mains in Service
1
Plastic (miles) 26,798 27,280 27,715 WEC Energy Group natural gas distribution companies that are above the LDC Facility reporting threshold for
Cathodically Protected Steel - Bare & Coated (miles) 11,199 1
11,087 10,964 EPA's 40 C.F.R. 98, Subpart W reporting rule.

Unprotected Steel - Bare & Coated (miles) 0.37 0.38 0.46

Cast Iron / Wrought Iron - without upgrades (miles) 1,262 1,199 1,158
Plan/Commitment to Replace / Upgrade Remaining Miles of Distribution Mains (# years to complete)
Unprotected Steel (Bare & Coated) (# years to complete ) 2 3 2 The Peoples Gas commitment under the US EPA's Methane Challenge Program is to replace its remaining iron natural gas
Cast Iron / Wrought Iron (# years to complete ) 2 3 2 mains at an annual rate of at least 2% for five years, beginning in 2017.
Distribution CO2e Fugitive Emissions
CO2e Fugitive Methane Emissions from Gas Distribution Operations (metric tons) 325,375 318,008 313,297
CH4 Fugitive Methane Emissions from Gas Distribution Operations (metric tons) 13,015 12,720 12,532
CH4 Fugitive Methane Emissions from Gas Distribution Operations (MMSCF/year) 678 663 653
This metric provides gas throughput from distribution (quantity of natural gas delivered to end users) reported under
Annual Natural Gas Throughput from Gas Distribution Operations in thousands of standard cubic feet ( Mscf/year ) Subpart W, 40 C.F.R. 98.236(aa)(9)(iv), as reported on the Subpart W e-GRRT integrated reporting form in the “Facility
600,344,529 596,501,353 641,547,078
Overview” worksheet Excel form, Quantity of natural gas delivered to end users (column 4).

Annual Methane Gas Throughput from Gas Distribution Operations in millions of standard cubic feet (MMscf/year) 570,327 566,676 609,470
Fugitive Methane Emissions Rate (Percent MMscf of Methane Emissions per MMscf of Methane Throughput ) 0.12% 0.12% 0.11% Calculated annual metric: (MMSCF methane emissions/MMSCF methane throughput)
1
Value restated

Natural Gas Transmission and Storage

All methane leak sources per 98.232 (e) (1-8), (f)(1-8), and (m) are included for
Transmission and Storage. Combustion sources are excluded. CO 2 and N 2 O are
excluded.
Underground Natural Gas Storage Methane Emissions Fugitive Methane emissions as defined in 40 CFR 98 Sub W Section 232 (f) (1-8), CO2 and N2O emissions are excluded
from this section.
Pneumatic Device Venting (metric tons/year) 369.1 367.5 157.8 Value reported using calculation in 40 CFR 98 Sub W Section 236(b)(4)
Flare Stack Emissions (metric tons/year) 0.0 0.0 0.0 Value reported using calculation in 40 CFR 98 Sub W Section 236(n)(11)
Centrifugal Compressor Venting (metric tons/year) 0.0 0.0 0.0 Value reported using calculation in 40 CFR 98 Sub W Section 236(o)(2)(ii)(D)(2)
Reciprocating Compressor Venting (metric tons/year) 45.7 4.2 0.0 Value reported using calculation in 40 CFR 98 Sub W Section 236(p)(2)(ii)(D)(2)
Equipment leaks from valves, connectors, open ended lines, pressure relief valves, and meters (metric tons/year) 126.7 100.4 156.6 Value reported using calculation in 40 CFR 98 Sub W Section 236(q)(2)(v)
Other Equipment Leaks (metric tons/year) 0.0 0.0 0.0 Value reported using calculation in 40 CFR 98 Sub W Section 236(q)(2)(v)
Equipment leaks from valves, connectors, open-ended lines, and pressure relief valves associated with storage wellheads 0.0 0.0 0.0 Value reported using calculation in 40 CFR 98 Sub W Section 236(q)(2)(v)
Other equipment leaks from components associated with storage wellheads (metric tons/year) 0.0 0.0 0.0 Value reported using calculation in 40 CFR 98 Sub W Section 232(q)(2)(v)
Total Storage Compression Methane Emissions (metric tons/year) 541.5 472.1 314.4
Total Storage Compression Methane Emissions (CO2e/year) 13,537.5 11,802.8 7,860.0
Total Storage Compression Methane Emissions (MSCF/year) 28,203.1 24,589.1 16,375.0 Density of Methane = 0.0192 kg/ft3 per 40 CFR Sub W EQ. W-36

Summary and Metrics

Total Transmission and Storage Methane Emissions (MMSCF/year) 28.2 24.6 16.4
Annual Natural Gas Throughput from Gas Transmission and Storage Operations (MSCF/year) 31,630,419.0 28,715,000.0 35,080,000.0 Quantity of gas injected into storage in the calendar year [98.236(aa)(5)(i)]
Annual Methane Gas Throughput from Gas Transmission and Storage Operations (MMSCF/year) 30,048.9 27,279.3 33,326.0 Methane content in natural gas equals 95% based on 40 CFR 98 Sub W 233(u)(2)(vii)
Methane Emissions Intensity Metric (Percent MMscf of Methane Emissions per MMscf of Methane Throughput) 0.09% 0.09% 0.05%

12
 Peoples Gas
ESG/Sustainability Quantitative Information
Parent Company: WEC Energy Group
Operating Company(s): The Peoples Gas Light and Coke Co.
Business Type(s): Natural gas storage and distribution
State(s) of Operation: Illinois
Regulatory Environment: Regulated
Report Date: 12/29/2023
Note: Data from from operating companies is rolled up to the corporate level.

Prior Year Last Year Current Year

2020 2021 2022 Definitions

Natural Gas Distribution

All methane leak sources per 98.232 (i) (1-6) are included for Distribution.
Combustion sources are excluded. CO 2 is excluded.
METHANE EMISSIONS AND MITIGATION FROM DISTRIBUTION MAINS
Number of Gas Distribution Customers 878,000 880,000 884,000
Distribution Mains in Service
Plastic (miles) 2,189 2,296 2385
Cathodically Protected Steel - Bare & Coated (miles) 1,169 1,139 1135
Unprotected Steel - Bare & Coated (miles) 0.37 0.38 0.46
Cast Iron / Wrought Iron - without upgrades (miles) 1,262 1,199 1158
Plan/Commitment to Replace / Upgrade Remaining Miles of Distribution Mains (# years to complete)
Unprotected Steel (Bare & Coated) (# years to complete ) 2 3 2 The Peoples Gas commitment under the US EPA's Methane Challenge Program is to replace its remaining iron natural
Cast Iron / Wrought Iron (# years to complete ) gas mains at an annual rate of at least 2% for five years, beginning in 2017. Commitment extended by 3 years in 2021.
2 3 2
Distribution CO2e Fugitive Emissions
CO2e Fugitive Methane Emissions from Gas Distribution Operations (metric tons) 166,183 158,661 153,631
CH4 Fugitive Methane Emissions from Gas Distribution Operations (metric tons) 6,647 6,346 6,145
CH4 Fugitive Methane Emissions from Gas Distribution Operations (MMSCF/year) 346 331 320
Annual Natural Gas Throughput from Gas Distribution Operations in thousands of standard cubic feet (Mscf/year ) 150,031,932 150,967,264 158,899,028
Annual Methane Gas Throughput from Gas Distribution Operations in millions of standard cubic feet (MMscf/year) 142,530 143,419 150,954
Fugitive Methane Emissions Rate (Percent MMscf of Methane Emissions per MMscf of Methane Throughput ) 0.24% 0.23% 0.21%

Natural Gas Transmission and Storage

Underground Natural Gas Storage Methane Emissions
Pneumatic Device Venting (metric tons/year) 369.1 367.5 157.8
Flare Stack Emissions (metric tons/year) 0 0 0
Centrifugal Compressor Venting (metric tons/year) 0 0 0
Reciprocating Compressor Venting (metric tons/year) 45.7 4.2 0
Equipment leaks from valves, connectors, open ended lines, pressure relief valves, and meters (metric tons/year) 126.7 100.4 156.6
Other Equipment Leaks (metric tons/year) 0 0 0
Equipment leaks from valves, connectors, open-ended lines, and pressure relief valves associated with storage 0 0 0
Other equipment leaks from components associated with storage wellheads (metric tons/year) 0 0 0
Total Storage Compression Methane Emissions (metric tons/year) 541.5 472.1 314.4
Total Storage Compression Methane Emissions (metric tons CO2e/year) 13,537.5 11,802.8 7,860.0
Total Storage Compression Methane Emissions (MSCF/year) 28,203.1 24,589.1 16,375.0

Summary and Metrics

Total Transmission and Storage Methane Emissions (MMSCF/year) 28.2 24.6 16.4
Annual Natural Gas Throughput from Gas Transmission and Storage Operations (MSCF/year) 31,630,419.0 28,715,000.0 35,080,000.0
Annual Methane Gas Throughput from Gas Transmission and Storage Operations (MMSCF/year) 30,048.9 27,279.3 33,326.0
Methane Emissions Intensity Metric (Percent MMscf of Methane Emissions per MMscf of Methane Throughput) 0.09% 0.09% 0.05%

© 2021 American Gas Association. All rights reserved.

13
 Wisconsin Electric Power Co.
ESG/Sustainability Quantitative Information
Parent Company: WEC Energy Group
Operating Company(s): Wisconsin Electric Power Co., Gas Operations
Business Type(s): Natural gas distribution
State(s) of Operation: Wisconsin
Regulatory Environment: Regulated
Report Date: 12/29/2023
Note: Data from from operating companies is rolled up to the corporate level.

Prior Year Last Year Current Year

2020 2021 2022 Definitions

Natural Gas Distribution

All methane leak sources per 98.232 (i) (1-6) are included for Distribution.
METHANE EMISSIONS AND MITIGATION FROM DISTRIBUTION MAINS
Number of Gas Distribution Customers 497,000 500,000 505,000
Distribution Mains in Service
1 1
Plastic (miles) 6,597 6,671 6741
1 1
Cathodically Protected Steel - Bare & Coated (miles) 2,851 2,831 2808
Unprotected Steel - Bare & Coated (miles) 0 0 0
Cast Iron / Wrought Iron - without upgrades (miles) 0 0 0
Distribution CO2e Fugitive Emissions
1 1
CO2e Fugitive Methane Emissions from Gas Distribution Operations (metric tons) 42,511 42,288 42,609
1 1
CH4 Fugitive Methane Emissions from Gas Distribution Operations (metric tons) 1,700 1,692 1,704
CH4 Fugitive Methane Emissions from Gas Distribution Operations (MMSCF/year) 89 88 89
Annual Natural Gas Throughput from Gas Distribution Operations in thousands of standard cubic feet ( Mscf/year ) 85,170,846 84,307,342 96,152,888
Annual Methane Gas Throughput from Gas Distribution Operations in millions of standard cubic feet (MMscf/year) 80,912 80,092 91,345
Fugitive Methane Emissions Rate (Percent MMscf of Methane Emissions per MMscf of Methane Throughput ) 0.11% 0.11% 0.10% Calculated annual metric: (MMSCF methane emissions/MMSCF methane throughput)
1
Value restated

© 2021 American Gas Association. All rights reserved.

14
 Wisconsin Gas Co.
ESG/Sustainability Quantitative Information
Parent Company: WEC Energy Group
Operating Company(s): Wisconsin Gas Company
Business Type(s): Natural gas distribution
State(s) of Operation: Wisconsin
Regulatory Environment: Regulated
Report Date: 12/29/2023
Note: Data from from operating companies is rolled up to the corporate level.

Prior Year Last Year Current Year

2020 2021 2022 Definitions

Natural Gas Distribution

All methane leak sources per 98.232 (i) (1-6) are included for Distribution.
METHANE EMISSIONS AND MITIGATION FROM DISTRIBUTION MAINS
Number of Gas Distribution Customers 645,000 646,000 651,000
Distribution Mains in Service
1 1
Plastic (miles) 7,406 7,519 7661
1 1
Cathodically Protected Steel - Bare & Coated (miles) 4,241 4,198 4150
Unprotected Steel - Bare & Coated (miles) 0 0 0
Cast Iron / Wrought Iron - without upgrades (miles) 0 0 0
Distribution CO2e Fugitive Emissions
1 1
CO2e Fugitive Methane Emissions from Gas Distribution Operations (metric tons) 51,065 51,154 51,822
1 1
CH4 Fugitive Methane Emissions from Gas Distribution Operations (metric tons) 2,043 2,046 2,073
CH4 Fugitive Methane Emissions from Gas Distribution Operations (MMSCF/year) 106 107 108
Annual Natural Gas Throughput from Gas Distribution Operations in thousands of standard cubic feet ( Mscf/year ) 190,739,561 178,748,799 196,576,579
Annual Methane Gas Throughput from Gas Distribution Operations in millions of standard cubic feet (MMscf/year) 181,203 169,811 186,748
Fugitive Methane Emissions Rate (Percent MMscf of Methane Emissions per MMscf of Methane Throughput ) 0.06% 0.06% 0.06% Calculated annual metric: (MMSCF methane emissions/MMSCF methane throughput)
1
Value restated
© 2021 American Gas Association. All rights reserved.

15
 Wisconsin Public Service Corporation
ESG/Sustainability Quantitative Information
Parent Company: WEC Energy Group
Operating Company(s): Wisconsin Public Service Corporation
Business Type(s): Natural gas distribution
State(s) of Operation: Wisconsin
Regulatory Environment: Regulated
Report Date: 12/29/2023
Note: Data from from operating companies is rolled up to the corporate level.

Prior Year Last Year Current Year

2020 2021 2022 Definitions

Natural Gas Distribution

All methane leak sources per 98.232 (i) (1-6) are included for Distribution.
METHANE EMISSIONS AND MITIGATION FROM DISTRIBUTION MAINS
Number of Gas Distribution Customers 336,000 338,000 341,000
Distribution Mains in Service
Plastic (miles) 6,848 6,938 7,016
Cathodically Protected Steel - Bare & Coated (miles) 1,501 1,489 1,454
Unprotected Steel - Bare & Coated (miles) 0 0 0
Cast Iron / Wrought Iron - without upgrades (miles) 0 0 0
Distribution CO2e Fugitive Emissions
CO2e Fugitive Methane Emissions from Gas Distribution Operations (metric tons) 39,352 39,271 39,461
CH4 Fugitive Methane Emissions from Gas Distribution Operations (metric tons) 1,574 1,571 1,578
CH4 Fugitive Methane Emissions from Gas Distribution Operations (MMSCF/year) 82 82 82
Annual Natural Gas Throughput from Gas Distribution Operations in thousands of standard cubic feet ( Mscf/year ) 85,380,400 89,880,360 95,976,757
Annual Methane Gas Throughput from Gas Distribution Operations in millions of standard cubic feet (MMscf/year) 81,111 85,386 91,178
Fugitive Methane Emissions Rate (Percent MMscf of Methane Emissions per MMscf of Methane Throughput ) 0.10% 0.10% 0.09% Calculated annual metric: (MMSFC methane emissions/MMSCF methane throughput)
© 2021 American Gas Association. All rights reserved.

16
 Minnesota Energy Resources
ESG/Sustainability Quantitative
Parent Company: WEC Energy Group
Operating Company(s): Minnesota Energy Resources
Business Type(s): Natural gas distribution
State(s) of Operation: Minnesota
Regulatory Environment: Regulated
Report Date: 12/29/2023
Note: Data from from operating companies is rolled up to the corporate level.

Prior Year Last Year Current Year

2020 2021 2022 Definitions

Natural Gas Distribution

#679121 #745,009 #799704 All methane leak sources per 98.232 (i) (1-6) are included for Distribution.
METHANE EMISSIONS AND MITIGATION FROM DISTRIBUTION MAINS
Number of Gas Distribution Customers 244,000 246,000 248,000
Distribution Mains in Service
Plastic (miles) 3,758 3,856 3,912
Cathodically Protected Steel - Bare & Coated (miles) 1,437 1,430 1,417
Unprotected Steel - Bare & Coated (miles) 0 0 0
Cast Iron / Wrought Iron - without upgrades (miles) 0 0 0
Distribution CO2e Fugitive Emissions
CO2e Fugitive Methane Emissions from Gas Distribution Operations (metric tons) 26,265 26,634 25,775
CH4 Fugitive Methane Emissions from Gas Distribution Operations (metric tons) 1,051 1,065 1,031
CH4 Fugitive Methane Emissions from Gas Distribution Operations (MMSCF/year) 55 55 54
Annual Natural Gas Throughput from Gas Distribution Operations in thousands of standard cubic feet ( Mscf/year ) 89,021,790 92,597,588 93,941,826
Annual Methane Gas Throughput from Gas Distribution Operations in millions of standard cubic feet (MMscf/year) 84,571 87,968 89,245
Fugitive Methane Emissions Rate (Percent MMscf of Methane Emissions per MMscf of Methane Throughput ) 0.06% 0.06% 0.06% Calculated annual metric: (MMSCF methane emissions/MMSCF methane throughput)
© 2021 American Gas Association. All rights reserved.

17
Cautionary statement regarding forward-looking information  The risks associated with inflation and changing commodity prices, including
natural gas and electricity;
In this report, we make statements concerning our expectations, beliefs, plans,
objectives, goals, strategies, and future events or performance. These  The availability and cost of sources of natural gas and other fossil fuels,
statements are “forward-looking statements” within the meaning of Section 27A purchased power, materials needed to operate environmental controls at our
of the Securities Act of 1933, as amended, and Section 21E of the Securities electric generating facilities, or water supply due to high demand, shortages,
Exchange Act of 1934, as amended. Readers are cautioned not to place undue transportation problems, nonperformance by electric energy or natural gas
reliance on these forward-looking statements. Forward-looking statements may suppliers under existing power purchase or natural gas supply contracts, or
be identified by reference to a future period or periods or by the use of terms other developments;
such as “anticipates,” “believes,” “could,” “estimates,” “expects,” “forecasts,”  Any impacts on the global economy, supply chains and fuel prices, generally,
“goals,” “guidance,” “intends,” “may,” “objectives,” “plans,” “possible,” “potential,” from global conflicts, including between Russia and Ukraine and related
“projects,” “seeks,” “should,” “targets,” “will,” or variations of these terms. sanctions;
Forward-looking statements include, among other things, statements concerning  Changes in credit ratings, interest rates and our ability to access the capital
management’s expectations and projections regarding social, environmental and markets, caused by volatility in the global credit markets, our capitalization
climate strategies, policies and goals; completion of capital projects; sales and structure, and market perceptions of the utility industry, us or any of our
customer growth; environmental and other regulations, including associated subsidiaries;
compliance costs; legal proceedings; fuel costs; sources of electric energy
 Any impacts associated with switching from London Interbank Offered Rate
supply; coal and natural gas deliveries; remediation costs; climate-related
to Secured Overnight Financing Rate as the reference rate for our variable
matters; capital resources; and other matters. Forward-looking statements are
debt;
subject to a number of risks and uncertainties that could cause our actual results
to differ materially from those expressed or implied in the statements. These  Costs and effects of litigation, administrative proceedings, investigations,
risks and uncertainties include those described under “Risk Factors” in our settlements, claims and inquiries;
Annual Report on Form 10-K for the year ended Dec. 31, 2022, and subsequent  The direct or indirect effect on our business resulting from terrorist or other
quarterly reports on Form 10-Q and those identified below: physical attacks and cybersecurity intrusions, as well as the threat of such
 Factors affecting utility and non-utility energy infrastructure operations such incidents, including the failure to maintain the security of personally
as catastrophic weather-related damage, environmental incidents, identifiable information, the associated costs to protect our utility assets,
unplanned facility outages and repairs and maintenance, and electric technology systems and personal information, and the costs to notify
transmission or natural gas pipeline system constraints; affected persons to mitigate their information security concerns and to
comply with state notification laws;
 Factors affecting the demand for electricity and natural gas, including
political or regulatory developments; varying, adverse or unusually severe  Restrictions imposed by various financing arrangements and regulatory
weather conditions, including those caused by climate change; changes in requirements on the ability of our subsidiaries to transfer funds to us in the
economic conditions; customer growth and declines; commodity prices; form of cash dividends, loans or advances that could prevent us from paying
energy conservation efforts; and continued adoption of distributed our common stock dividends, taxes, and other expenses, and meeting our
generation by customers; debt obligations;
 The timing, resolution, and impact of rate cases and negotiations, including  The risk of financial loss, including increases in bad debt expense,
recovery of deferred and current costs and the ability to earn a reasonable associated with the inability of our customers, counterparties and affiliates to
return on investment, and other regulatory decisions impacting our meet their obligations;
regulated operations;  Changes in the creditworthiness of the counterparties with whom we have
 The impact of federal, state and local legislative and/or regulatory changes, contractual arrangements, including participants in the energy trading
including changes in rate-setting policies or procedures, deregulation and markets and fuel suppliers and transporters;
restructuring of the electric and/or natural gas utility industries, transmission  The financial performance of American Transmission Co. LLC and its
or distribution system operation, the approval process for new construction, corresponding contribution to our earnings;
reliability standards, pipeline integrity and safety standards, allocation of
energy assistance, energy efficiency mandates, electrification initiatives and  The investment performance of our employee benefit plan assets, as well as
other efforts to reduce the use of natural gas, and tax laws, including those unanticipated changes in related actuarial assumptions, which could impact
that affect our ability to use production tax credits and investment tax future funding requirements;
credits, as well as changes in the interpretation and/or enforcement of any  Factors affecting the employee workforce, including loss of key personnel,
laws or regulations by regulatory agencies; internal restructuring, work stoppages, and collective bargaining agreements
 Federal, state, and local legislative and regulatory changes relating to the and negotiations with union employees;
environment, including climate change and other environmental regulations  Advances in technology, and related legislation or regulation supporting the
impacting generation facilities and renewable energy standards, the use of that technology that result in competitive disadvantages and create
enforcement of these laws and regulations, changes in the interpretation of the potential for impairment of existing assets;
regulations or permit conditions by regulatory agencies, and the recovery of
 Risks related to our non-utility renewable energy facilities, including
associated remediation and compliance costs;
unfavorable weather, changes in the financial performance or
 The ability to obtain and retain customers, including wholesale customers, creditworthiness of counterparties to the offtake agreements, the ability to
due to increased competition in our electric and natural gas markets from replace expiring long-term power purchase agreements under acceptable
retail choice and alternative electric suppliers, and continued industry terms, the availability of reliable interconnection and electricity grids, and
consolidation; exposure to the rules and procedures of the power markets in which these
 The timely completion of capital projects within budgets and the ability to facilities are located;
recover the related costs through rates;  The risk associated with the values of goodwill and other long-lived assets,
 The impact of changing expectations and demands of our customers, including intangible assets, and equity method investments, and their
regulators, investors and other stakeholders, including heightened emphasis possible impairment;
on environmental, social and governance concerns;  Potential business strategies to acquire and dispose of assets or businesses,
 The risk of delays and shortages, and increased costs of equipment, which cannot be assured to be completed timely or within budgets, and
materials or other resources that are critical to our business operations and legislative or regulatory restrictions or caps on non-utility acquisitions,
corporate strategy, as a result of supply chain disruptions (including investments or projects, including the State of Wisconsin’s public utility
disruptions from rail congestion), inflation, and other factors; holding company law;

 The impact of public health crises, including epidemics and pandemics, on  The timing and outcome of any audits, disputes, and other proceedings
our business functions, financial condition, liquidity and results of related to taxes;
operations;  The effect of accounting pronouncements issued periodically by standard-
 Factors affecting the implementation of our carbon dioxide emission and/or setting bodies; and
methane emission reduction goals and opportunities and actions related to  Other considerations disclosed elsewhere herein and in reports we file with
those goals, including related regulatory decisions; the cost of materials, the Securities and Exchange Commission or in other publicly disseminated
supplies and labor; technology advances; the feasibility of competing written documents.
generation projects; and our ability to execute our capital plan; Except as may be required by law, we expressly disclaim any obligation to
 The financial and operational feasibility of taking more aggressive action to publicly update or revise any forward-looking statements, whether as a result of
further reduce greenhouse gas emissions in order to limit future global new information, future events or otherwise.
temperature increases;
18