$WELPP
WISCONSIN ELECTRIC POWER CO Stock $welpp

$welpp Overview Financials Valuation SEC Filings Company Website

2020 Q1 Form 10-Q Financial Statement

#000010781520000182 Filed on May 07, 2020

Income Statement

Concept	2020 Q1	2019 Q1
Revenue	$871.0M	$960.8M
YoY Change	-9.35%	2.05%
Cost Of Revenue	$289.2M	$357.2M
YoY Change	-19.04%	0.06%
Gross Profit	$581.8M	$603.6M
YoY Change	-3.61%	3.27%
Gross Profit Margin	66.8%	62.82%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$104.5M	$96.00M
YoY Change	8.85%	12.54%
% of Gross Profit	17.96%	15.9%
Operating Expenses
YoY Change
Operating Profit	$247.0M	$222.9M
YoY Change	10.81%	63.42%
Interest Expense	$118.6M	$119.9M
YoY Change	-1.08%	303.7%
% of Operating Profit	48.02%	53.79%
Other Income/Expense, Net	-$113.3M	-$114.4M
YoY Change	-0.96%	237.46%
Pretax Income	$133.7M	$108.5M
YoY Change	23.23%	5.85%
Income Tax	$14.70M	-$6.500M
% Of Pretax Income	10.99%	-5.99%
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	2020 Q1	2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents	$1.300M	$4.600M
Short-Term Investments
Other Short-Term Assets	$26.60M	$4.800M
YoY Change	454.17%	-32.39%
Inventory
Prepaid Expenses		$107.6M
Receivables	$444.8M
Other Receivables
Total Short-Term Assets	$805.3M	$873.7M
YoY Change	-7.83%	-11.02%
LONG-TERM ASSETS
Property, Plant & Equipment	$9.593B	$9.360B
YoY Change	2.49%	-7.2%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$109.9M	$108.1M
YoY Change	1.67%	3.05%
Total Long-Term Assets	$12.48B	$12.57B
YoY Change	-0.7%	2.08%
TOTAL ASSETS
Total Short-Term Assets	$805.3M	$873.7M
Total Long-Term Assets	$12.48B	$12.57B
Total Assets	$13.29B	$13.44B
YoY Change	-1.16%	1.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$196.3M	$181.0M
YoY Change	8.45%	-16.82%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due		$250.0M
YoY Change		0.0%
Total Short-Term Liabilities	$679.1M	$997.7M
YoY Change	-31.93%	-6.49%
LONG-TERM LIABILITIES
Long-Term Debt	$2.760B	$2.460B
YoY Change	12.17%	1.96%
Other Long-Term Liabilities	$275.9M	$293.3M
YoY Change	-5.93%	1.8%
Total Long-Term Liabilities	$8.957B	$8.989B
YoY Change	-0.36%	2.85%
TOTAL LIABILITIES
Total Short-Term Liabilities	$679.1M	$997.7M
Total Long-Term Liabilities	$8.957B	$8.989B
Total Liabilities	$9.636B	$9.987B
YoY Change	-3.51%	1.83%
SHAREHOLDERS EQUITY
Retained Earnings	$2.357B	$2.261B
YoY Change	4.25%	-1.43%
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	$3.651B	$3.456B
YoY Change
Total Liabilities & Shareholders Equity	$13.29B	$13.44B
YoY Change	-1.16%	1.11%

Cashflow Statement

Concept	2020 Q1	2019 Q1
OPERATING ACTIVITIES
Net Income
YoY Change
Depreciation, Depletion And Amortization	$104.5M	$96.00M
YoY Change	8.85%	12.54%
Cash From Operating Activities	$247.2M	$301.2M
YoY Change	-17.93%	-18.57%
INVESTING ACTIVITIES
Capital Expenditures	$153.3M	$102.4M
YoY Change	49.71%	-27.84%
Acquisitions
YoY Change
Other Investing Activities	-$2.800M	-$1.100M
YoY Change	154.55%	-50.0%
Cash From Investing Activities	-$150.2M	-$101.3M
YoY Change	48.27%	-46.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$114.8M	-$215.5M
YoY Change	-46.73%	17.63%
NET CHANGE
Cash From Operating Activities	$247.2M	$301.2M
Cash From Investing Activities	-$150.2M	-$101.3M
Cash From Financing Activities	-$114.8M	-$215.5M
Net Change In Cash	-$17.80M	-$15.60M
YoY Change	14.1%	721.05%
FREE CASH FLOW
Cash From Operating Activities	$247.2M	$301.2M
Capital Expenditures	$153.3M	$102.4M
Free Cash Flow	$93.90M	$198.8M
YoY Change	-52.77%	-12.81%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2020Q1	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2019Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	38100000	USD
CY2020Q1	dei	Amendment Flag AmendmentFlag	false
CY2020Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2020Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2020Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2020
CY2020Q1	dei	Entity Central Index Key EntityCentralIndexKey	0000107815
CY2019Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	4564000000	USD
CY2020Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	4648400000	USD
CY2020Q1	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	39800000	USD
CY2019Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	10
CY2020Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	10
CY2019Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	65000000	shares
CY2020Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	65000000	shares
CY2019Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	33289327	shares
CY2020Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	33289327	shares
CY2019Q1	wep	Significantitemsreportedintheothersegment Significantitemsreportedintheothersegment	0	USD
CY2020Q1	dei	Document Type DocumentType	10-Q
CY2020Q1	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2020Q1	dei	Document Period End Date DocumentPeriodEndDate	2020-03-31
CY2020Q1	dei	Document Transition Report DocumentTransitionReport	false
CY2020Q1	dei	Entity File Number EntityFileNumber	001-01245
CY2020Q1	dei	Entity Small Business EntitySmallBusiness	false
CY2020Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2020Q1	dei	Entity Shell Company EntityShellCompany	false
CY2019Q1	us-gaap	Stockholders Equity Other StockholdersEquityOther	-200000	USD
CY2020Q1	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	33289327	shares
CY2019Q1	us-gaap	Revenues Revenues	960800000	USD
CY2020Q1	us-gaap	Revenues Revenues	871000000.0	USD
CY2020Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	289200000	USD
CY2020Q1	us-gaap	Due To Related Parties Current DueToRelatedPartiesCurrent	144700000	USD
CY2019Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	357200000	USD
CY2020Q1	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	204600000	USD
CY2019Q4	us-gaap	Due To Related Parties Current DueToRelatedPartiesCurrent	184500000	USD
CY2020Q1	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	37400000	USD
CY2019Q1	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	258900000	USD
CY2019Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	51300000	USD
CY2019Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-54000000.0	USD
CY2020Q1	us-gaap	Increase Decrease In Accrued Taxes Payable IncreaseDecreaseInAccruedTaxesPayable	23400000	USD
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CY2020Q1	us-gaap	Interest And Dividends Payable Current InterestAndDividendsPayableCurrent	39600000	USD
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CY2019Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	96000000.0	USD
CY2020Q1	us-gaap	Taxes Excluding Income And Excise Taxes TaxesExcludingIncomeAndExciseTaxes	25700000	USD
CY2019Q1	us-gaap	Taxes Excluding Income And Excise Taxes TaxesExcludingIncomeAndExciseTaxes	25800000	USD
CY2020Q1	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	90500000	USD
CY2019Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	91300000	USD
CY2020Q1	us-gaap	Liabilities Current LiabilitiesCurrent	679100000	USD
CY2020Q1	us-gaap	Utilities Operating Expense UtilitiesOperatingExpense	624000000.0	USD
CY2019Q1	us-gaap	Utilities Operating Expense UtilitiesOperatingExpense	737900000	USD
CY2019Q4	us-gaap	Liabilities Current LiabilitiesCurrent	794600000	USD
CY2020Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	2759500000	USD
CY2019Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	2759200000	USD
CY2020Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	247000000.0	USD
CY2020Q1	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	2777700000	USD
CY2019Q4	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	2783100000	USD
CY2019Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	222900000	USD
CY2020Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	5300000	USD
CY2019Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	5500000	USD
CY2020Q1	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	1352300000	USD
CY2020Q1	us-gaap	Interest Expense InterestExpense	118600000	USD
CY2019Q4	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	1347400000	USD
CY2019Q1	us-gaap	Interest Expense InterestExpense	119900000	USD
CY2020Q1	us-gaap	Regulatory Liability Noncurrent RegulatoryLiabilityNoncurrent	1736900000	USD
CY2020Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-113300000	USD
CY2019Q4	us-gaap	Regulatory Liability Noncurrent RegulatoryLiabilityNoncurrent	1744200000	USD
CY2019Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-114400000	USD
CY2020Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	133700000	USD
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CY2020Q1	us-gaap	Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent	54500000	USD
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CY2020Q1	us-gaap	Due From Related Parties Current DueFromRelatedPartiesCurrent	47000000.0	USD
CY2019Q4	us-gaap	Due From Related Parties Current DueFromRelatedPartiesCurrent	86500000	USD
CY2020Q1	us-gaap	Energy Related Inventory EnergyRelatedInventory	209400000	USD
CY2020Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	275900000	USD
CY2019Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	281000000.0	USD
CY2020Q1	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	8956800000	USD
CY2019Q4	us-gaap	Energy Related Inventory EnergyRelatedInventory	229800000	USD
CY2020Q1	us-gaap	Prepaid Taxes PrepaidTaxes	76200000	USD
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CY2020Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
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CY2020Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	9593100000	USD
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CY2020Q1	us-gaap	Regulatory Assets Noncurrent RegulatoryAssetsNoncurrent	2778300000	USD
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CY2020Q1	us-gaap	Common Stock Value CommonStockValue	332900000	USD
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CY2019Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-101300000	USD
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CY2020Q1	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	13800000	USD
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CY2020Q1	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	300000	USD
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CY2020Q1	dei	Entity Registrant Name EntityRegistrantName	WISCONSIN ELECTRIC POWER COMPANY
CY2020Q1	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	39-0476280
CY2020Q1	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	WI
CY2020Q1	dei	Entity Address Address Line1 EntityAddressAddressLine1	231 West Michigan Street
CY2020Q1	dei	Entity Address Address Line2 EntityAddressAddressLine2	P.O. Box 2046
CY2020Q1	dei	Entity Address City Or Town EntityAddressCityOrTown	Milwaukee
CY2020Q1	dei	Entity Address State Or Province EntityAddressStateOrProvince	WI
CY2020Q1	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	53201
CY2020Q1	dei	City Area Code CityAreaCode	414
CY2020Q1	dei	Local Phone Number LocalPhoneNumber	221-2345
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CY2020Q1	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	119000000.0	USD
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CY2019Q4	us-gaap	Stockholders Equity StockholdersEquity	3591500000	USD
CY2020Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	118700000	USD
CY2019Q1	us-gaap	Stockholders Equity StockholdersEquity	3456100000	USD
CY2020Q1	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	60000000.0	USD
CY2020Q1	us-gaap	Stockholders Equity Other StockholdersEquityOther	-500000	USD
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CY2020Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-99100000	USD
CY2020Q1	us-gaap	Stockholders Equity StockholdersEquity	3650700000	USD
CY2018Q4	us-gaap	Stockholders Equity StockholdersEquity	3491200000	USD
CY2019Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	114700000	USD
CY2019Q1	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	150000000.0	USD
CY2020Q1	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	1000000.0	USD
CY2020Q1	us-gaap	Line Of Credit Facility Remaining Borrowing Capacity LineOfCreditFacilityRemainingBorrowingCapacity	424000000.0	USD
CY2020Q1	us-gaap	Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate	-0.055
CY2019Q1	us-gaap	Income Tax Reconciliation Change In Enacted Tax Rate IncomeTaxReconciliationChangeInEnactedTaxRate	-6200000	USD
CY2019Q1	us-gaap	Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate	-0.057
CY2020Q1	us-gaap	Income Tax Reconciliation Tax Credits Other IncomeTaxReconciliationTaxCreditsOther	3300000	USD
CY2020Q1	us-gaap	Effective Income Tax Rate Reconciliation Tax Credits Other EffectiveIncomeTaxRateReconciliationTaxCreditsOther	0.025
CY2019Q1	us-gaap	Income Tax Reconciliation Tax Credits Other IncomeTaxReconciliationTaxCreditsOther	2800000	USD
CY2020Q1	us-gaap	Regulatory Assets RegulatoryAssets	2778300000	USD
CY2019Q4	us-gaap	Regulatory Assets RegulatoryAssets	2755200000	USD
CY2019Q1	us-gaap	Effective Income Tax Rate Reconciliation Tax Credits Other EffectiveIncomeTaxRateReconciliationTaxCreditsOther	0.026
CY2020Q1	us-gaap	Regulatory Liability Current RegulatoryLiabilityCurrent	20900000	USD
CY2020Q1	us-gaap	Regulatory Liabilities RegulatoryLiabilities	1757800000	USD
CY2019Q4	us-gaap	Regulatory Liabilities RegulatoryLiabilities	1756200000	USD
CY2019Q4	us-gaap	Regulatory Liability Current RegulatoryLiabilityCurrent	12000000.0	USD
CY2020Q1	us-gaap	Regulatory Liability Noncurrent RegulatoryLiabilityNoncurrent	1736900000	USD
CY2019Q4	us-gaap	Regulatory Liability Noncurrent RegulatoryLiabilityNoncurrent	1744200000	USD
CY2020Q1	us-gaap	Regulatory Liabilities RegulatoryLiabilities	1757800000	USD
CY2019Q4	us-gaap	Regulatory Liabilities RegulatoryLiabilities	1756200000	USD
CY2020Q1	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments	900000	USD
CY2020Q1	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	0.007
CY2020Q1	us-gaap	Inventory Raw Materials And Supplies Net Of Reserves InventoryRawMaterialsAndSuppliesNetOfReserves	147600000	USD
CY2019Q4	us-gaap	Inventory Raw Materials And Supplies Net Of Reserves InventoryRawMaterialsAndSuppliesNetOfReserves	148300000	USD
CY2020Q1	us-gaap	Energy Related Inventory Other Fossil Fuel EnergyRelatedInventoryOtherFossilFuel	53700000	USD
CY2019Q4	us-gaap	Energy Related Inventory Other Fossil Fuel EnergyRelatedInventoryOtherFossilFuel	51100000	USD
CY2020Q1	us-gaap	Energy Related Inventory Natural Gas In Storage EnergyRelatedInventoryNaturalGasInStorage	8100000	USD
CY2019Q4	us-gaap	Energy Related Inventory Natural Gas In Storage EnergyRelatedInventoryNaturalGasInStorage	30400000	USD
CY2020Q1	us-gaap	Energy Related Inventory EnergyRelatedInventory	209400000	USD
CY2019Q4	us-gaap	Energy Related Inventory EnergyRelatedInventory	229800000	USD
CY2020Q1	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	28000000.0	USD
CY2020Q1	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210
CY2019Q1	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	22700000	USD
CY2019Q1	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210
CY2020Q1	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	8600000	USD
CY2020Q1	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.064
CY2019Q1	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	7100000	USD
CY2019Q1	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.066
CY2020Q1	wep	Taxrepairsamount Taxrepairsamount	1300000	USD
CY2020Q1	wep	Taxrepairspercentage Taxrepairspercentage	0.010
CY2019Q1	wep	Taxrepairsamount Taxrepairsamount	-29600000	USD
CY2019Q1	wep	Taxrepairspercentage Taxrepairspercentage	-0.273
CY2020Q1	wep	Effective Income Tax Reconciliation Taxexpensebenefitfederalexcessdeferredtaxamortization Wisconsinunprotected EffectiveIncomeTaxReconciliationTaxexpensebenefitfederalexcessdeferredtaxamortizationWisconsinunprotected	-13500000	USD
CY2020Q1	wep	Effective Income Taxreconciliation Federalexcessdeferredtaxamortization Wi Unprotectedpercent EffectiveIncomeTaxreconciliationFederalexcessdeferredtaxamortizationWIUnprotectedpercent	-0.101
CY2019Q1	wep	Effective Income Tax Reconciliation Taxexpensebenefitfederalexcessdeferredtaxamortization Wisconsinunprotected EffectiveIncomeTaxReconciliationTaxexpensebenefitfederalexcessdeferredtaxamortizationWisconsinunprotected	0	USD
CY2019Q1	wep	Effective Income Taxreconciliation Federalexcessdeferredtaxamortization Wi Unprotectedpercent EffectiveIncomeTaxreconciliationFederalexcessdeferredtaxamortizationWIUnprotectedpercent	0
CY2020Q1	us-gaap	Income Tax Reconciliation Change In Enacted Tax Rate IncomeTaxReconciliationChangeInEnactedTaxRate	-7300000	USD
CY2019Q1	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments	2300000	USD
CY2019Q1	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	0.020
CY2020Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	14700000	USD
CY2020Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.110
CY2019Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-6500000	USD
CY2020Q1	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.21
CY2019Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	-0.060
CY2020Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.110
CY2019Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	-0.060
CY2019Q1	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.21
CY2019Q4	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs	1500000	USD
CY2018Q4	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs	4400000	USD
CY2020Q1	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements	1100000	USD
CY2019Q1	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements	2400000	USD
CY2020Q1	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs	400000	USD
CY2019Q1	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs	2000000.0	USD
CY2020Q1	us-gaap	Derivative Instruments And Hedges DerivativeInstrumentsAndHedges	1000000.0	USD
CY2020Q1	wep	Derivative Instruments And Hedges Liabilities Gross Current DerivativeInstrumentsAndHedgesLiabilitiesGrossCurrent	6000000.0	USD
CY2019Q4	us-gaap	Derivative Instruments And Hedges DerivativeInstrumentsAndHedges	1900000	USD
CY2019Q4	wep	Derivative Instruments And Hedges Liabilities Gross Current DerivativeInstrumentsAndHedgesLiabilitiesGrossCurrent	5300000	USD
CY2020Q1	us-gaap	Derivative Instruments And Hedges Noncurrent DerivativeInstrumentsAndHedgesNoncurrent	300000	USD
CY2020Q1	us-gaap	Derivative Instruments And Hedges Liabilities Noncurrent DerivativeInstrumentsAndHedgesLiabilitiesNoncurrent	0	USD
CY2019Q4	us-gaap	Derivative Instruments And Hedges Noncurrent DerivativeInstrumentsAndHedgesNoncurrent	100000	USD
CY2019Q4	us-gaap	Derivative Instruments And Hedges Liabilities Noncurrent DerivativeInstrumentsAndHedgesLiabilitiesNoncurrent	100000	USD
CY2020Q1	us-gaap	Derivative Asset Fair Value Gross Asset Including Not Subject To Master Netting Arrangement DerivativeAssetFairValueGrossAssetIncludingNotSubjectToMasterNettingArrangement	1300000	USD
CY2020Q1	us-gaap	Derivative Liability Fair Value Gross Liability Including Not Subject To Master Netting Arrangement DerivativeLiabilityFairValueGrossLiabilityIncludingNotSubjectToMasterNettingArrangement	6000000.0	USD
CY2019Q4	us-gaap	Derivative Asset Fair Value Gross Asset Including Not Subject To Master Netting Arrangement DerivativeAssetFairValueGrossAssetIncludingNotSubjectToMasterNettingArrangement	2000000.0	USD
CY2019Q4	us-gaap	Derivative Liability Fair Value Gross Liability Including Not Subject To Master Netting Arrangement DerivativeLiabilityFairValueGrossLiabilityIncludingNotSubjectToMasterNettingArrangement	5400000	USD
CY2020Q1	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	-6100000	USD
CY2019Q1	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	200000	USD
CY2020Q1	us-gaap	Derivative Collateral Right To Reclaim Cash DerivativeCollateralRightToReclaimCash	7600000	USD
CY2019Q4	us-gaap	Derivative Collateral Right To Reclaim Cash DerivativeCollateralRightToReclaimCash	8500000	USD
CY2020Q1	us-gaap	Derivative Asset Fair Value Gross Asset Including Not Subject To Master Netting Arrangement DerivativeAssetFairValueGrossAssetIncludingNotSubjectToMasterNettingArrangement	1300000	USD
CY2020Q1	us-gaap	Derivative Liability Fair Value Gross Liability Including Not Subject To Master Netting Arrangement DerivativeLiabilityFairValueGrossLiabilityIncludingNotSubjectToMasterNettingArrangement	6000000.0	USD
CY2019Q4	us-gaap	Derivative Asset Fair Value Gross Asset Including Not Subject To Master Netting Arrangement DerivativeAssetFairValueGrossAssetIncludingNotSubjectToMasterNettingArrangement	2000000.0	USD
CY2019Q4	us-gaap	Derivative Liability Fair Value Gross Liability Including Not Subject To Master Netting Arrangement DerivativeLiabilityFairValueGrossLiabilityIncludingNotSubjectToMasterNettingArrangement	5400000	USD
CY2020Q1	us-gaap	Derivative Asset Fair Value Gross Liability And Obligation To Return Cash Offset DerivativeAssetFairValueGrossLiabilityAndObligationToReturnCashOffset	900000	USD
CY2020Q1	us-gaap	Derivative Liability Fair Value Gross Asset And Right To Reclaim Cash Offset DerivativeLiabilityFairValueGrossAssetAndRightToReclaimCashOffset	5900000	USD
CY2019Q4	us-gaap	Derivative Asset Fair Value Gross Liability And Obligation To Return Cash Offset DerivativeAssetFairValueGrossLiabilityAndObligationToReturnCashOffset	400000	USD
CY2019Q4	us-gaap	Derivative Liability Fair Value Gross Asset And Right To Reclaim Cash Offset DerivativeLiabilityFairValueGrossAssetAndRightToReclaimCashOffset	5200000	USD
CY2020Q1	us-gaap	Derivative Assets DerivativeAssets	400000	USD
CY2020Q1	us-gaap	Derivative Liabilities DerivativeLiabilities	100000	USD
CY2019Q4	us-gaap	Derivative Assets DerivativeAssets	1600000	USD
CY2019Q4	us-gaap	Derivative Liabilities DerivativeLiabilities	200000	USD
CY2020Q1	us-gaap	Derivative Liability Collateral Right To Reclaim Cash Offset DerivativeLiabilityCollateralRightToReclaimCashOffset	5000000.0	USD
CY2019Q4	us-gaap	Derivative Liability Collateral Right To Reclaim Cash Offset DerivativeLiabilityCollateralRightToReclaimCashOffset	4800000	USD
CY2020Q1	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	2	segment
CY2020Q1	wep	Significantitemsreportedintheothersegment Significantitemsreportedintheothersegment	0	USD
CY2020Q1	us-gaap	Purchase Obligation PurchaseObligation	9500000000	USD
CY2020Q1	us-gaap	Interest Paid Net InterestPaidNet	92600000	USD
CY2019Q1	us-gaap	Interest Paid Net InterestPaidNet	94900000	USD
CY2020Q1	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	24100000	USD
CY2019Q1	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	14700000	USD
CY2020Q1	us-gaap	Description Of New Accounting Pronouncements Not Yet Adopted DescriptionOfNewAccountingPronouncementsNotYetAdopted	<span style="font-family:Calibri,sans-serif;font-size:11pt;font-weight:bold;">NEW ACCOUNTING PRONOUNCEMENTS</span><div style="line-height:120%;text-align:left;font-size:11pt;"><span style="font-family:Calibri,sans-serif;font-size:11pt;"><br/></span></div><div style="line-height:120%;font-size:11pt;"><span style="font-family:Calibri,sans-serif;font-size:11pt;font-weight:bold;">Cloud Computing</span></div><div style="line-height:120%;text-align:left;font-size:11pt;"><span style="font-family:Calibri,sans-serif;font-size:11pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:Calibri,sans-serif;font-size:10pt;">In August 2018, the FASB issued ASU 2018-15, Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract. The standard allows entities who are customers in hosting arrangements that are service contracts to apply the existing internal-use software guidance to determine which implementation costs to capitalize as an asset related to the service contract and which costs to expense. The guidance specifies classification for capitalizing implementation costs and related amortization expense within the financial statements and requires additional disclosures. The adoption of ASU 2018-15, effective January 1, 2020, did not have a significant impact on our financial statements and related disclosures.</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:Calibri,sans-serif;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:11pt;"><span style="font-family:Calibri,sans-serif;font-size:11pt;font-weight:bold;">Disclosure Requirements for Defined Benefit Plans</span></div><div style="line-height:120%;text-align:left;font-size:11pt;"><span style="font-family:Calibri,sans-serif;font-size:11pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:Calibri,sans-serif;font-size:10pt;">In August 2018, the FASB issued ASU 2018-14, Disclosure Framework: Changes to the Disclosure Requirements for Defined Benefit Plans. The pronouncement modifies the disclosure requirements for defined benefit pension and OPEB plans. The guidance removes disclosures that are no longer considered cost beneficial, clarifies the specific requirements of disclosures and adds disclosure requirements identified as relevant. The modifications affect annual period disclosures and must be applied on a retrospective basis to all periods presented. The guidance will be effective for annual reporting periods ending after December 15, 2020, with early adoption permitted. We are currently evaluating the effects of this pronouncement on the notes to our financial statements.</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:Calibri,sans-serif;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:11pt;"><span style="font-family:Calibri,sans-serif;font-size:11pt;font-weight:bold;">Simplifying the Accounting for Income Taxes</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:Calibri,sans-serif;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:Calibri,sans-serif;font-size:10pt;">In December 2019, the FASB issued ASU 2019-12, Simplifying the Accounting for Income Taxes. The new standard removes certain exceptions for performing intraperiod allocation and calculating income taxes in interim periods and also adds guidance to reduce complexity in certain areas, including recognizing deferred taxes for tax goodwill and allocating taxes to members of a consolidated group. The guidance will be effective for annual and interim periods beginning after December 15, 2020. We will adopt the new standard effective January 1, 2021, and do not expect the adoption to have a material impact on our financial statements and related disclosures. </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:Calibri,sans-serif;font-size:10pt;"><br/></span></div><div style="line-height:120%;font-size:11pt;"><span style="font-family:Calibri,sans-serif;font-size:11pt;font-weight:bold;">Reference Rate Reform</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:Calibri,sans-serif;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:Calibri,sans-serif;font-size:10pt;">In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, which provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments apply only to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. The amendments are effective for all entities as of March 12, 2020 through December 31, 2022. We are currently evaluating the impact this guidance may have on our financial statements and related disclosures.</span></div>

Files In Submission

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2020 Q1 Form 10-Q Financial Statement

#000010781520000182 Filed on May 07, 2020

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$WELPP WISCONSIN ELECTRIC POWER CO Stock $welpp

2020 Q1 Form 10-Q Financial Statement

#000010781520000182 Filed on May 07, 2020

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$WELPP
WISCONSIN ELECTRIC POWER CO Stock $welpp