$WELPP
WISCONSIN ELECTRIC POWER CO

2018 Q1 Form 10-Q Financial Statement

#000010781518000187 Filed on May 04, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $941.5M $972.0M
YoY Change -3.14% -0.36%
Cost Of Revenue $357.0M $348.6M
YoY Change 2.41% 3.63%
Gross Profit $584.5M $623.4M
YoY Change -6.24% -2.46%
Gross Profit Margin 62.08% 64.14%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $85.30M $82.10M
YoY Change 3.9% 2.11%
% of Gross Profit 14.59% 13.17%
Operating Expenses
YoY Change
Operating Profit $136.4M $186.3M
YoY Change -26.78% 2.64%
Interest Expense $29.70M $29.60M
YoY Change 0.34% 1.72%
% of Operating Profit 21.77% 15.89%
Other Income/Expense, Net -$33.90M -$26.40M
YoY Change 28.41% 131.58%
Pretax Income $102.5M $159.9M
YoY Change -35.9% -6.0%
Income Tax -$3.600M $57.80M
% Of Pretax Income -3.51% 36.15%
Net Earnings
YoY Change
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 33.29M shares 33.29M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $10.40M $10.90M
Short-Term Investments
Other Short-Term Assets $7.100M $4.100M
YoY Change 73.17% -70.71%
Inventory
Prepaid Expenses $114.3M $109.4M
Receivables
Other Receivables
Total Short-Term Assets $981.9M $892.2M
YoY Change 10.05% -1.27%
LONG-TERM ASSETS
Property, Plant & Equipment $10.09B $9.785B
YoY Change 3.08% 0.27%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00
YoY Change
Other Assets $104.9M $87.50M
YoY Change 19.89% -5.91%
Total Long-Term Assets $12.31B $11.93B
YoY Change 3.18% -1.69%
TOTAL ASSETS
Total Short-Term Assets $981.9M $892.2M
Total Long-Term Assets $12.31B $11.93B
Total Assets $13.30B $12.83B
YoY Change 3.66% -1.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $217.6M $230.2M
YoY Change -5.47% 14.64%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due $250.0M
YoY Change
Total Short-Term Liabilities $1.067B $591.9M
YoY Change 80.27% -20.59%
LONG-TERM LIABILITIES
Long-Term Debt $2.413B $2.661B
YoY Change -9.31% 0.05%
Other Long-Term Liabilities $288.1M $261.4M
YoY Change 10.21% 16.38%
Total Long-Term Liabilities $8.740B $8.870B
YoY Change -1.46% 207.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.067B $591.9M
Total Long-Term Liabilities $8.740B $8.870B
Total Liabilities $9.807B $9.462B
YoY Change 3.65% 160.7%
SHAREHOLDERS EQUITY
Retained Earnings $2.294B $2.195B
YoY Change 4.53% 0.73%
Common Stock $332.9M $332.9M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.488B $3.334B
YoY Change
Total Liabilities & Shareholders Equity $13.30B $12.83B
YoY Change 3.66% -1.66%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income
YoY Change
Depreciation, Depletion And Amortization $85.30M $82.10M
YoY Change 3.9% 2.11%
Cash From Operating Activities $369.9M $209.8M
YoY Change 76.31% 22.91%
INVESTING ACTIVITIES
Capital Expenditures $141.9M $105.5M
YoY Change 34.5% 14.3%
Acquisitions
YoY Change
Other Investing Activities -$2.200M -$400.0K
YoY Change 450.0% -233.33%
Cash From Investing Activities -$188.6M -$92.20M
YoY Change 104.56% 6.96%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$183.2M -$122.1M
YoY Change 50.04% 16.29%
NET CHANGE
Cash From Operating Activities $369.9M $209.8M
Cash From Investing Activities -$188.6M -$92.20M
Cash From Financing Activities -$183.2M -$122.1M
Net Change In Cash -$1.900M -$4.500M
YoY Change -57.78% -78.05%
FREE CASH FLOW
Cash From Operating Activities $369.9M $209.8M
Capital Expenditures $141.9M $105.5M
Free Cash Flow $228.0M $104.3M
YoY Change 118.6% 33.04%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2018Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2018
CY2018Q1 dei Document Period End Date
DocumentPeriodEndDate
2018-03-31
CY2018Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2018Q1 dei Amendment Flag
AmendmentFlag
false
CY2018Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2018Q1 dei Document Type
DocumentType
10-Q
CY2018Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000107815
CY2018Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
33289327 shares
CY2018Q1 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2018Q1 dei Entity Registrant Name
EntityRegistrantName
WISCONSIN ELECTRIC POWER CO
CY2017Q4 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
513800000 USD
CY2018Q1 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
489100000 USD
CY2017Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
329300000 USD
CY2018Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
217600000 USD
CY2017Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3741800000 USD
CY2018Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3798900000 USD
CY2017Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
802700000 USD
CY2018Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
830900000 USD
CY2017Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
39500000 USD
CY2018Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
43500000 USD
CY2017Q4 us-gaap Assets
Assets
13121600000 USD
CY2018Q1 us-gaap Assets
Assets
13295400000 USD
CY2017Q4 us-gaap Assets Current
AssetsCurrent
1039600000 USD
CY2018Q1 us-gaap Assets Current
AssetsCurrent
981900000 USD
CY2017Q4 us-gaap Assets Noncurrent
AssetsNoncurrent
12082000000 USD
CY2018Q1 us-gaap Assets Noncurrent
AssetsNoncurrent
12313500000 USD
CY2017Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
11000000 USD
CY2018Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
7300000 USD
CY2017Q4 us-gaap Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
42500000 USD
CY2018Q1 us-gaap Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
44600000 USD
CY2017Q4 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
2823800000 USD
CY2018Q1 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
2811500000 USD
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
15400000 USD
CY2017Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
10900000 USD
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
12300000 USD
CY2018Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
10400000 USD
CY2017Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-4500000 USD
CY2018Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-1900000 USD
CY2017Q4 us-gaap Commercial Paper
CommercialPaper
210900000 USD
CY2018Q1 us-gaap Commercial Paper
CommercialPaper
60000000 USD
CY2017Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2018Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2017Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
10
CY2018Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
10
CY2017Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
65000000 shares
CY2018Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
65000000 shares
CY2017Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
33289327 shares
CY2018Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
33289327 shares
CY2017Q4 us-gaap Common Stock Value
CommonStockValue
332900000 USD
CY2018Q1 us-gaap Common Stock Value
CommonStockValue
332900000 USD
CY2017Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
348600000 USD
CY2018Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
357000000 USD
CY2017Q1 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
20700000 USD
CY2018Q1 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-15400000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
1155500000 USD
CY2018Q1 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
1179700000 USD
CY2017Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
82100000 USD
CY2018Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
85300000 USD
CY2017Q4 us-gaap Derivative Asset Fair Value Gross Asset Including Not Subject To Master Netting Arrangement
DerivativeAssetFairValueGrossAssetIncludingNotSubjectToMasterNettingArrangement
4600000 USD
CY2018Q1 us-gaap Derivative Asset Fair Value Gross Asset Including Not Subject To Master Netting Arrangement
DerivativeAssetFairValueGrossAssetIncludingNotSubjectToMasterNettingArrangement
2400000 USD
CY2017Q4 us-gaap Derivative Asset Fair Value Gross Liability And Obligation To Return Cash Offset
DerivativeAssetFairValueGrossLiabilityAndObligationToReturnCashOffset
1300000 USD
CY2018Q1 us-gaap Derivative Asset Fair Value Gross Liability And Obligation To Return Cash Offset
DerivativeAssetFairValueGrossLiabilityAndObligationToReturnCashOffset
400000 USD
CY2017Q4 us-gaap Derivative Assets
DerivativeAssets
3300000 USD
CY2018Q1 us-gaap Derivative Assets
DerivativeAssets
2000000 USD
CY2017Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
4900000 USD
CY2018Q1 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
3800000 USD
CY2017Q1 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
2500000 USD
CY2018Q1 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-600000 USD
CY2017Q4 us-gaap Derivative Instruments And Hedges
DerivativeInstrumentsAndHedges
4500000 USD
CY2018Q1 us-gaap Derivative Instruments And Hedges
DerivativeInstrumentsAndHedges
2400000 USD
CY2017Q4 us-gaap Derivative Instruments And Hedges Liabilities Noncurrent
DerivativeInstrumentsAndHedgesLiabilitiesNoncurrent
400000 USD
CY2018Q1 us-gaap Derivative Instruments And Hedges Liabilities Noncurrent
DerivativeInstrumentsAndHedgesLiabilitiesNoncurrent
300000 USD
CY2017Q4 us-gaap Derivative Instruments And Hedges Noncurrent
DerivativeInstrumentsAndHedgesNoncurrent
100000 USD
CY2018Q1 us-gaap Derivative Instruments And Hedges Noncurrent
DerivativeInstrumentsAndHedgesNoncurrent
0 USD
CY2017Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
400000 USD
CY2018Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
100000 USD
CY2017Q4 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
700000 USD
CY2018Q1 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
100000 USD
CY2017Q4 us-gaap Derivative Liability Fair Value Gross Asset And Right To Reclaim Cash Offset
DerivativeLiabilityFairValueGrossAssetAndRightToReclaimCashOffset
2000000 USD
CY2018Q1 us-gaap Derivative Liability Fair Value Gross Asset And Right To Reclaim Cash Offset
DerivativeLiabilityFairValueGrossAssetAndRightToReclaimCashOffset
500000 USD
CY2017Q4 us-gaap Derivative Liability Fair Value Gross Liability Including Not Subject To Master Netting Arrangement
DerivativeLiabilityFairValueGrossLiabilityIncludingNotSubjectToMasterNettingArrangement
2400000 USD
CY2018Q1 us-gaap Derivative Liability Fair Value Gross Liability Including Not Subject To Master Netting Arrangement
DerivativeLiabilityFairValueGrossLiabilityIncludingNotSubjectToMasterNettingArrangement
600000 USD
CY2017Q1 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
300000 USD
CY2018Q1 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
300000 USD
CY2017Q4 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
109100000 USD
CY2018Q1 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
146300000 USD
CY2017Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
131500000 USD
CY2018Q1 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
249500000 USD
CY2018Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.035
CY2017Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2018Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2018Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2018Q1 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
-0.052
CY2018Q1 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.009
CY2018Q1 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.065
CY2017Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
53400000 USD
CY2018Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
37500000 USD
CY2017Q4 us-gaap Energy Related Inventory
EnergyRelatedInventory
250700000 USD
CY2018Q1 us-gaap Energy Related Inventory
EnergyRelatedInventory
214700000 USD
CY2017Q4 us-gaap Energy Related Inventory Natural Gas In Storage
EnergyRelatedInventoryNaturalGasInStorage
35200000 USD
CY2018Q1 us-gaap Energy Related Inventory Natural Gas In Storage
EnergyRelatedInventoryNaturalGasInStorage
4600000 USD
CY2017Q4 us-gaap Energy Related Inventory Other Fossil Fuel
EnergyRelatedInventoryOtherFossilFuel
74800000 USD
CY2018Q1 us-gaap Energy Related Inventory Other Fossil Fuel
EnergyRelatedInventoryOtherFossilFuel
73900000 USD
CY2017Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
2000000 USD
CY2018Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
1600000 USD
CY2016Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
3100000 USD
CY2017Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
1100000 USD
CY2017Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
2400000 USD
CY2018Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
800000 USD
CY2017Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
102100000 USD
CY2018Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
106100000 USD
CY2017Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
159900000 USD
CY2018Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
102500000 USD
CY2017Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
57800000 USD
CY2018Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3600000 USD
CY2018Q1 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-5400000 USD
CY2018Q1 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
21500000 USD
CY2018Q1 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-900000 USD
CY2018Q1 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
6700000 USD
CY2017Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
52100000 USD
CY2018Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 USD
CY2017Q1 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
-42100000 USD
CY2018Q1 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
12500000 USD
CY2017Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-63500000 USD
CY2018Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
12300000 USD
CY2017Q1 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
-15900000 USD
CY2018Q1 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
10900000 USD
CY2017Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-19400000 USD
CY2018Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-36000000 USD
CY2017Q1 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-3200000 USD
CY2018Q1 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-6000000 USD
CY2017Q1 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-21000000 USD
CY2018Q1 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-1800000 USD
CY2017Q1 us-gaap Increase Decrease In Over Under Energy Recovery
IncreaseDecreaseInOverUnderEnergyRecovery
-10000000 USD
CY2018Q1 us-gaap Increase Decrease In Over Under Energy Recovery
IncreaseDecreaseInOverUnderEnergyRecovery
-15700000 USD
CY2017Q1 us-gaap Increase Decrease In Prepaid Taxes
IncreaseDecreaseInPrepaidTaxes
-25100000 USD
CY2018Q1 us-gaap Increase Decrease In Prepaid Taxes
IncreaseDecreaseInPrepaidTaxes
-24200000 USD
CY2017Q1 us-gaap Interest Expense
InterestExpense
29600000 USD
CY2018Q1 us-gaap Interest Expense
InterestExpense
29700000 USD
CY2017Q1 us-gaap Interest Paid Net
InterestPaidNet
4800000 USD
CY2018Q1 us-gaap Interest Paid Net
InterestPaidNet
4700000 USD
CY2017Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
140700000 USD
CY2018Q1 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
136200000 USD
CY2018Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
1200000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
13121600000 USD
CY2018Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
13295400000 USD
CY2017Q4 us-gaap Liabilities Current
LiabilitiesCurrent
1187600000 USD
CY2018Q1 us-gaap Liabilities Current
LiabilitiesCurrent
1067000000 USD
CY2017Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
8519700000 USD
CY2018Q1 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
8740100000 USD
CY2018Q1 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
438800000 USD
CY2017Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
250000000 USD
CY2018Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
250000000 USD
CY2017Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2412300000 USD
CY2018Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2412800000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-122100000 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-183200000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-92200000 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-188600000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
209800000 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
369900000 USD
CY2017Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
101800000 USD
CY2018Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
105800000 USD
CY2017Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-26400000 USD
CY2018Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-33900000 USD
CY2018Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2017Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
186300000 USD
CY2018Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
136400000 USD
CY2017Q4 us-gaap Other Assets Current
OtherAssetsCurrent
9400000 USD
CY2018Q1 us-gaap Other Assets Current
OtherAssetsCurrent
7100000 USD
CY2017Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
89400000 USD
CY2018Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
104900000 USD
CY2015 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
1380600000 USD
CY2016 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
1425500000 USD
CY2017 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
1352000000 USD
CY2017Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
111800000 USD
CY2018Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
142100000 USD
CY2017Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
276900000 USD
CY2018Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
288100000 USD
CY2015 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
6900000 USD
CY2016 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4400000 USD
CY2017Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3200000 USD
CY2017 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
13200000 USD
CY2018Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-4200000 USD
CY2017Q1 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
7900000 USD
CY2018Q1 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
106600000 USD
CY2017Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-400000 USD
CY2018Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1700000 USD
CY2017Q1 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
60000000 USD
CY2018Q1 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
60000000 USD
CY2017Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
300000 USD
CY2018Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
300000 USD
CY2017Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
105500000 USD
CY2018Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
141900000 USD
CY2017Q1 us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
3300000 USD
CY2018Q1 us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
2100000 USD
CY2017Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
143200000 USD
CY2018Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
156900000 USD
CY2017Q4 us-gaap Preferred Stock Value
PreferredStockValue
30400000 USD
CY2018Q1 us-gaap Preferred Stock Value
PreferredStockValue
30400000 USD
CY2017Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
144300000 USD
CY2018Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
114300000 USD
CY2017Q1 us-gaap Proceeds From Contributions From Parent
ProceedsFromContributionsFromParent
75000000 USD
CY2018Q1 us-gaap Proceeds From Contributions From Parent
ProceedsFromContributionsFromParent
28000000 USD
CY2017Q1 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-124000000 USD
CY2018Q1 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-150900000 USD
CY2017Q1 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
12900000 USD
CY2018Q1 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
500000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
10007700000 USD
CY2018Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
10086200000 USD
CY2018Q1 us-gaap Purchase Obligation
PurchaseObligation
9890700000 USD
CY2017Q4 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
1984900000 USD
CY2018Q1 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
2122400000 USD
CY2017Q4 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
1708000000 USD
CY2018Q1 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
1891100000 USD
CY2017Q1 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
12800000 USD
CY2018Q1 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
0 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2248300000 USD
CY2018Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2294100000 USD
CY2017Q1 us-gaap Revenues
Revenues
972000000 USD
CY2018Q1 us-gaap Revenues
Revenues
941500000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
3383900000 USD
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
3457900000 USD
CY2017Q1 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
28400000 USD
CY2018Q1 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
27200000 USD
CY2017Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
58200000 USD
CY2018Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
65700000 USD
CY2017Q1 us-gaap Utilities Operating Expense
UtilitiesOperatingExpense
785700000 USD
CY2018Q1 us-gaap Utilities Operating Expense
UtilitiesOperatingExpense
805100000 USD
CY2017Q1 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
326600000 USD
CY2018Q1 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
335600000 USD
CY2017Q4 wep Derivative Instruments And Hedges Liabilities Gross Current
DerivativeInstrumentsAndHedgesLiabilitiesGrossCurrent
2000000 USD
CY2018Q1 wep Derivative Instruments And Hedges Liabilities Gross Current
DerivativeInstrumentsAndHedgesLiabilitiesGrossCurrent
300000 USD
CY2017Q4 wep Measurementperiodtocompleteaccountingrelatedto Tax Cutsand Jobs Act
MeasurementperiodtocompleteaccountingrelatedtoTaxCutsandJobsAct
P1Y
CY2017Q1 wep Proceeds From Assets Transferred To Related Party
ProceedsFromAssetsTransferredToRelatedParty
0 USD
CY2018Q1 wep Proceeds From Assets Transferred To Related Party
ProceedsFromAssetsTransferredToRelatedParty
-48900000 USD
CY2017Q1 wep Proceeds From Payments For Transfer Of Liabilities To Related Party
ProceedsFromPaymentsForTransferOfLiabilitiesToRelatedParty
900000 USD
CY2018Q1 wep Proceeds From Payments For Transfer Of Liabilities To Related Party
ProceedsFromPaymentsForTransferOfLiabilitiesToRelatedParty
-1400000 USD
CY2018Q1 wep Taxrepairsamount
Taxrepairsamount
-25500000 USD
CY2018Q1 wep Taxrepairspercentage
Taxrepairspercentage
-0.249
CY2018Q1 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:11pt;"><font style="font-family:Calibri,sans-serif;font-size:11pt;font-weight:bold;">NEW ACCOUNTING PRONOUNCEMENTS</font><font style="font-family:Calibri,sans-serif;font-size:11pt;font-weight:bold;"> </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Calibri,sans-serif;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:Calibri,sans-serif;font-size:11pt;font-weight:bold;">Leases</font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:Calibri,sans-serif;font-size:11pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Calibri,sans-serif;font-size:10pt;">In February 2016, the FASB issued ASU 2016-02, Leases. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018, and will be applied using a modified retrospective approach. The main provision of this ASU is that lessees will be required to recognize lease assets and lease liabilities for most leases, including those classified as operating leases under GAAP. We are currently assessing the effects this guidance may have on our financial statements.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Calibri,sans-serif;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Calibri,sans-serif;font-size:11pt;font-weight:bold;">Financial Instruments Credit Losses</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Calibri,sans-serif;font-size:11pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Calibri,sans-serif;font-size:10pt;">In June 2016, the FASB issued ASU 2016-13, Measurement of Credit Losses on Financial Instruments. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. This ASU introduces a new impairment model known as the current expected credit loss model. The ASU requires a financial asset measured at amortized cost to be presented at the net amount expected to be collected. Previously, recognition of the full amount of credit losses was generally delayed until the loss was probable of occurring. We are currently assessing the effects this guidance may have on our financial statements.</font></div></div>

Files In Submission

Name View Source Status
0000107815-18-000187-index-headers.html Edgar Link pending
0000107815-18-000187-index.html Edgar Link pending
0000107815-18-000187.txt Edgar Link pending
0000107815-18-000187-xbrl.zip Edgar Link pending
a2018q1we10q.htm Edgar Link pending
a2018q1we10qexhibit121.htm Edgar Link pending
a2018q1we10qexhibit311.htm Edgar Link pending
a2018q1we10qexhibit312.htm Edgar Link pending
a2018q1we10qexhibit321.htm Edgar Link pending
a2018q1we10qexhibit322.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
wep-20180331.xml Edgar Link completed
wep-20180331.xsd Edgar Link pending
wep-20180331_cal.xml Edgar Link unprocessable
wep-20180331_def.xml Edgar Link unprocessable
wep-20180331_lab.xml Edgar Link unprocessable
wep-20180331_pre.xml Edgar Link unprocessable