$WELPP
WISCONSIN ELECTRIC POWER CO Stock $welpp

$welpp Overview Financials Valuation SEC Filings Company Website

2022 Q2 Form 10-Q Financial Statement

#000010781522000271 Filed on August 04, 2022

Income Statement

Concept	2022 Q2	2022 Q1
Revenue	$943.5M	$1.072B
YoY Change	14.02%	6.65%
Cost Of Revenue	$385.5M	$444.2M
YoY Change	39.47%	9.9%
Gross Profit	$558.0M	$627.8M
YoY Change	1.25%	4.46%
Gross Profit Margin	59.14%	58.56%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$119.7M	$119.1M
YoY Change	5.65%	7.59%
% of Gross Profit	21.45%	18.97%
Operating Expenses
YoY Change
Operating Profit	$206.5M	$289.1M
YoY Change	3.25%	13.11%
Interest Expense	$113.1M	$113.4M
YoY Change	-2.5%	-2.41%
% of Operating Profit	54.77%	39.23%
Other Income/Expense, Net	-$101.7M	-$102.8M
YoY Change	-6.44%	-5.51%
Pretax Income	$104.8M	$186.3M
YoY Change	14.79%	26.91%
Income Tax	$26.70M	$47.50M
% Of Pretax Income	25.48%	25.5%
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	2022 Q2	2022 Q1	2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents	$2.000M	$6.000M	$0.00
Short-Term Investments
Other Short-Term Assets	$9.100M	$31.80M	$9.600M
YoY Change	-80.26%	12.37%	-73.63%
Inventory
Prepaid Expenses
Receivables	$571.0M	$540.9M	$565.5M
Other Receivables
Total Short-Term Assets	$1.126B	$1.014B	$1.071B
YoY Change	16.36%	3.43%	19.58%
LONG-TERM ASSETS
Property, Plant & Equipment	$10.43B	$10.16B	$10.12B
YoY Change	5.53%	3.57%	3.33%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$108.1M	$90.30M	$98.10M
YoY Change	-22.51%	-23.86%	26.42%
Total Long-Term Assets	$13.40B	$13.11B	$13.07B
YoY Change	4.59%	2.93%	2.86%
TOTAL ASSETS
Total Short-Term Assets	$1.126B	$1.014B	$1.071B
Total Long-Term Assets	$13.40B	$13.11B	$13.07B
Total Assets	$14.53B	$14.12B	$14.14B
YoY Change	5.42%	2.96%	3.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$402.3M	$229.5M	$347.8M
YoY Change	31.21%	-1.63%	33.15%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due	$8.800M	$8.800M	$8.800M
YoY Change	114.63%	-97.07%	-97.07%
Total Short-Term Liabilities	$1.327B	$807.1M	$1.167B
YoY Change	41.16%	-38.19%	-7.16%
LONG-TERM LIABILITIES
Long-Term Debt	$2.860B	$2.864B	$2.863B
YoY Change	-0.38%	16.34%	16.34%
Other Long-Term Liabilities	$284.8M	$287.6M	$287.6M
YoY Change	6.43%	6.05%	5.43%
Total Long-Term Liabilities	$9.101B	$9.061B	$9.032B
YoY Change	0.74%	5.12%	4.36%
TOTAL LIABILITIES
Total Short-Term Liabilities	$1.327B	$807.1M	$1.167B
Total Long-Term Liabilities	$9.101B	$9.061B	$9.032B
Total Liabilities	$10.43B	$9.868B	$10.20B
YoY Change	4.55%	-0.58%	2.9%
SHAREHOLDERS EQUITY
Retained Earnings	$2.167B	$2.319B	$2.291B
YoY Change	-8.0%	-0.74%	0.94%
Common Stock	$332.9M	$332.9M	$332.9M
YoY Change	0.0%	0.0%	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$4.102B	$4.254B	$3.945B
YoY Change
Total Liabilities & Shareholders Equity	$14.53B	$14.12B	$14.14B
YoY Change	5.42%	2.96%	3.96%

Cashflow Statement

Concept	2022 Q2	2022 Q1
OPERATING ACTIVITIES
Net Income
YoY Change
Depreciation, Depletion And Amortization	$119.7M	$119.1M
YoY Change	5.65%	7.59%
Cash From Operating Activities		$308.2M
YoY Change		51.67%
INVESTING ACTIVITIES
Capital Expenditures		$139.5M
YoY Change		-22.76%
Acquisitions
YoY Change
Other Investing Activities		$600.0K
YoY Change		-128.57%
Cash From Investing Activities		-$99.10M
YoY Change		-40.73%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities		-$199.9M
YoY Change		456.82%
NET CHANGE
Cash From Operating Activities		$308.2M
Cash From Investing Activities		-$99.10M
Cash From Financing Activities		-$199.9M
Net Change In Cash		$9.200M
YoY Change		9100.0%
FREE CASH FLOW
Cash From Operating Activities		$308.2M
Capital Expenditures		$139.5M
Free Cash Flow		$168.7M
YoY Change		646.46%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	dei	Entity Central Index Key EntityCentralIndexKey	0000107815
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2022
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Amendment Flag AmendmentFlag	false
	dei	Document Type DocumentType	10-Q
	dei	Document Quarterly Report DocumentQuarterlyReport	true
	dei	Document Period End Date DocumentPeriodEndDate	2022-06-30
	dei	Document Transition Report DocumentTransitionReport	false
	dei	Entity File Number EntityFileNumber	001-01245
	dei	Entity Registrant Name EntityRegistrantName	WISCONSIN ELECTRIC POWER COMPANY
	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	39-0476280
	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	WI
	dei	Entity Address Address Line1 EntityAddressAddressLine1	231 West Michigan Street
	dei	Entity Address Address Line2 EntityAddressAddressLine2	P.O. Box 2046
	dei	Entity Address City Or Town EntityAddressCityOrTown	Milwaukee
	dei	Entity Address State Or Province EntityAddressStateOrProvince	WI
	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	53201
	dei	City Area Code CityAreaCode	414
	dei	Local Phone Number LocalPhoneNumber	221-2345
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
	dei	Entity Small Business EntitySmallBusiness	false
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
	dei	Entity Shell Company EntityShellCompany	false
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	us-gaap	Revenues Revenues	2015500000	usd
	us-gaap	Revenues Revenues	1832700000	usd
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	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	224000000.0	usd
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	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	30300000	usd
	wep	Amounts Refundable To Customers AmountsRefundableToCustomers	16800000	usd
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	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	419300000	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	387600000	usd
	wep	Proceeds From Payments For Transfer Of Assets To Related Party ProceedsFromPaymentsForTransferOfAssetsToRelatedParty	0	usd
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	us-gaap	Proceeds From Insurance Settlement Investing Activities ProceedsFromInsuranceSettlementInvestingActivities	41000000.0	usd
	us-gaap	Proceeds From Insurance Settlement Investing Activities ProceedsFromInsuranceSettlementInvestingActivities	0	usd
	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.21
	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	6200000	usd
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	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-373500000	usd
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	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	300000000.0	usd
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	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-100500000	usd
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	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-300000	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	3000000.0	usd
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	7200000	usd
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	5700000	usd
CY2021Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	6900000	usd
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	3944700000	usd
CY2022Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	138500000	usd
CY2022Q1	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	110000000.0	usd
CY2022Q1	us-gaap	Proceeds From Contributions From Parent ProceedsFromContributionsFromParent	280000000.0	usd
CY2022Q1	us-gaap	Stockholders Equity Other StockholdersEquityOther	-600000	usd
CY2022Q1	us-gaap	Stockholders Equity StockholdersEquity	4253800000	usd
CY2022Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	77800000	usd
CY2022Q2	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	230000000.0	usd
CY2022Q2	us-gaap	Stockholders Equity Other StockholdersEquityOther	-100000	usd
CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	4101700000	usd
CY2020Q4	us-gaap	Stockholders Equity StockholdersEquity	3692600000	usd
CY2021Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	127000000.0	usd
CY2021Q1	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	60000000.0	usd
CY2021Q1	us-gaap	Proceeds From Contributions From Parent ProceedsFromContributionsFromParent	30000000.0	usd
CY2021Q1	us-gaap	Stockholders Equity Other StockholdersEquityOther	-600000	usd
CY2021Q1	us-gaap	Stockholders Equity StockholdersEquity	3790200000	usd
CY2021Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	78800000	usd
CY2021Q2	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	60000000.0	usd
CY2021Q2	us-gaap	Stockholders Equity Other StockholdersEquityOther	0	usd
CY2021Q2	us-gaap	Stockholders Equity StockholdersEquity	3809000000	usd
CY2022Q2	us-gaap	Regulatory Assets RegulatoryAssets	2751100000	usd
CY2021Q4	us-gaap	Regulatory Assets RegulatoryAssets	2764400000	usd
CY2022Q2	us-gaap	Regulatory Assets Current RegulatoryAssetsCurrent	0	usd
CY2022Q2	us-gaap	Regulatory Liabilities RegulatoryLiabilities	1766200000	usd
CY2021Q4	us-gaap	Regulatory Assets Current RegulatoryAssetsCurrent	1300000	usd
CY2022Q2	us-gaap	Regulatory Assets Noncurrent RegulatoryAssetsNoncurrent	2751100000	usd
CY2021Q4	us-gaap	Regulatory Assets Noncurrent RegulatoryAssetsNoncurrent	2763100000	usd
CY2022Q2	us-gaap	Regulatory Assets RegulatoryAssets	2751100000	usd
CY2021Q4	us-gaap	Regulatory Assets RegulatoryAssets	2764400000	usd
CY2022Q2	us-gaap	Regulatory Liabilities RegulatoryLiabilities	1766200000	usd
CY2021Q4	us-gaap	Regulatory Liabilities RegulatoryLiabilities	1723200000	usd
CY2022Q2	us-gaap	Regulatory Liability Current RegulatoryLiabilityCurrent	16800000	usd
CY2021Q4	us-gaap	Regulatory Liability Current RegulatoryLiabilityCurrent	0	usd
CY2022Q2	us-gaap	Regulatory Liability Noncurrent RegulatoryLiabilityNoncurrent	1749400000	usd
CY2021Q4	us-gaap	Regulatory Liability Noncurrent RegulatoryLiabilityNoncurrent	1723200000	usd
CY2021Q4	us-gaap	Regulatory Liabilities RegulatoryLiabilities	1723200000	usd
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CY2022Q2	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	21900000	usd
CY2022Q2	us-gaap	Line Of Credit Facility Remaining Borrowing Capacity LineOfCreditFacilityRemainingBorrowingCapacity	85200000	usd
CY2022Q2	us-gaap	Inventory Raw Materials And Supplies Net Of Reserves InventoryRawMaterialsAndSuppliesNetOfReserves	144600000	usd
CY2021Q4	us-gaap	Inventory Raw Materials And Supplies Net Of Reserves InventoryRawMaterialsAndSuppliesNetOfReserves	138200000	usd
CY2022Q2	us-gaap	Energy Related Inventory Other Fossil Fuel EnergyRelatedInventoryOtherFossilFuel	60000000.0	usd
CY2021Q4	us-gaap	Energy Related Inventory Other Fossil Fuel EnergyRelatedInventoryOtherFossilFuel	54700000	usd
CY2022Q2	us-gaap	Energy Related Inventory Natural Gas In Storage EnergyRelatedInventoryNaturalGasInStorage	53600000	usd
CY2021Q4	us-gaap	Energy Related Inventory Natural Gas In Storage EnergyRelatedInventoryNaturalGasInStorage	53500000	usd
CY2022Q2	us-gaap	Energy Related Inventory EnergyRelatedInventory	258200000	usd
CY2022Q2	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210
CY2021Q2	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	19100000	usd
CY2021Q2	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210
CY2022Q2	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	6600000	usd
CY2022Q2	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.063
CY2021Q2	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	5900000	usd
CY2021Q2	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.064
CY2022Q2	wep	Effective Income Tax Rate Reconciliation Deduction Amortizationof Qualified Production Activity Amount EffectiveIncomeTaxRateReconciliationDeductionAmortizationofQualifiedProductionActivityAmount	1300000	usd
CY2022Q2	wep	Effective Income Tax Rate Reconciliation Deduction Amortizationof Qualified Production Activity Percent EffectiveIncomeTaxRateReconciliationDeductionAmortizationofQualifiedProductionActivityPercent	0.012
CY2021Q2	wep	Effective Income Tax Rate Reconciliation Deduction Amortizationof Qualified Production Activity Amount EffectiveIncomeTaxRateReconciliationDeductionAmortizationofQualifiedProductionActivityAmount	1300000	usd
CY2021Q2	wep	Effective Income Tax Rate Reconciliation Deduction Amortizationof Qualified Production Activity Percent EffectiveIncomeTaxRateReconciliationDeductionAmortizationofQualifiedProductionActivityPercent	0.014
CY2022Q2	wep	Effective Income Tax Reconciliation Taxexpensebenefitfederalexcessdeferredtaxamortization Wisconsinunprotected EffectiveIncomeTaxReconciliationTaxexpensebenefitfederalexcessdeferredtaxamortizationWisconsinunprotected	1100000	usd
CY2022Q2	wep	Effective Income Taxreconciliation Federalexcessdeferredtaxamortization Wi Unprotectedpercent EffectiveIncomeTaxreconciliationFederalexcessdeferredtaxamortizationWIUnprotectedpercent	0.010
CY2021Q2	wep	Effective Income Tax Reconciliation Taxexpensebenefitfederalexcessdeferredtaxamortization Wisconsinunprotected EffectiveIncomeTaxReconciliationTaxexpensebenefitfederalexcessdeferredtaxamortizationWisconsinunprotected	-9000000.0	usd
CY2021Q2	wep	Effective Income Taxreconciliation Federalexcessdeferredtaxamortization Wi Unprotectedpercent EffectiveIncomeTaxreconciliationFederalexcessdeferredtaxamortizationWIUnprotectedpercent	-0.099
CY2022Q2	us-gaap	Income Tax Reconciliation Change In Enacted Tax Rate IncomeTaxReconciliationChangeInEnactedTaxRate	-4600000	usd
CY2022Q2	us-gaap	Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate	-0.044
CY2021Q2	us-gaap	Income Tax Reconciliation Change In Enacted Tax Rate IncomeTaxReconciliationChangeInEnactedTaxRate	-4800000	usd
CY2021Q2	us-gaap	Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate	-0.053
CY2022Q2	us-gaap	Income Tax Reconciliation Tax Credits Other IncomeTaxReconciliationTaxCreditsOther	400000	usd
CY2022Q2	us-gaap	Effective Income Tax Rate Reconciliation Tax Credits Other EffectiveIncomeTaxRateReconciliationTaxCreditsOther	0.004
CY2021Q2	us-gaap	Income Tax Reconciliation Tax Credits Other IncomeTaxReconciliationTaxCreditsOther	1400000	usd
CY2021Q2	us-gaap	Effective Income Tax Rate Reconciliation Tax Credits Other EffectiveIncomeTaxRateReconciliationTaxCreditsOther	0.014
CY2022Q2	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments	800000	usd
CY2022Q2	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	0.008
CY2021Q2	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments	1100000	usd
CY2021Q2	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	0.012
CY2022Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	26700000	usd
CY2022Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.255
CY2021Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	12200000	usd
CY2021Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.134
	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	61000000.0	usd
	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210
	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	49900000	usd
	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210
	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	18200000	usd
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	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	15200000	usd
	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.064
	wep	Effective Income Tax Rate Reconciliation Deduction Amortizationof Qualified Production Activity Amount EffectiveIncomeTaxRateReconciliationDeductionAmortizationofQualifiedProductionActivityAmount	3300000	usd
	wep	Effective Income Tax Rate Reconciliation Deduction Amortizationof Qualified Production Activity Percent EffectiveIncomeTaxRateReconciliationDeductionAmortizationofQualifiedProductionActivityPercent	0.011
	wep	Effective Income Tax Rate Reconciliation Deduction Amortizationof Qualified Production Activity Amount EffectiveIncomeTaxRateReconciliationDeductionAmortizationofQualifiedProductionActivityAmount	3400000	usd
	wep	Effective Income Tax Rate Reconciliation Deduction Amortizationof Qualified Production Activity Percent EffectiveIncomeTaxRateReconciliationDeductionAmortizationofQualifiedProductionActivityPercent	0.014
	wep	Effective Income Tax Reconciliation Taxexpensebenefitfederalexcessdeferredtaxamortization Wisconsinunprotected EffectiveIncomeTaxReconciliationTaxexpensebenefitfederalexcessdeferredtaxamortizationWisconsinunprotected	2800000	usd
	wep	Effective Income Taxreconciliation Federalexcessdeferredtaxamortization Wi Unprotectedpercent EffectiveIncomeTaxreconciliationFederalexcessdeferredtaxamortizationWIUnprotectedpercent	0.010
	wep	Effective Income Tax Reconciliation Taxexpensebenefitfederalexcessdeferredtaxamortization Wisconsinunprotected EffectiveIncomeTaxReconciliationTaxexpensebenefitfederalexcessdeferredtaxamortizationWisconsinunprotected	-23300000	usd
	wep	Effective Income Taxreconciliation Federalexcessdeferredtaxamortization Wi Unprotectedpercent EffectiveIncomeTaxreconciliationFederalexcessdeferredtaxamortizationWIUnprotectedpercent	-0.098
	us-gaap	Income Tax Reconciliation Change In Enacted Tax Rate IncomeTaxReconciliationChangeInEnactedTaxRate	-12100000	usd
	us-gaap	Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate	-0.042
	us-gaap	Income Tax Reconciliation Change In Enacted Tax Rate IncomeTaxReconciliationChangeInEnactedTaxRate	-12600000	usd
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	us-gaap	Effective Income Tax Rate Reconciliation Tax Credits Other EffectiveIncomeTaxRateReconciliationTaxCreditsOther	0.003
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	us-gaap	Effective Income Tax Rate Reconciliation Tax Credits Other EffectiveIncomeTaxRateReconciliationTaxCreditsOther	0.016
	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments	1900000	usd
	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	0.006
	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments	2900000	usd
	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	0.012
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	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.255
CY2022Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.255
CY2021Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.134
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.133
CY2021Q2	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.21
	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.21
CY2022Q1	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs	400000	usd
CY2021Q1	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs	400000	usd
CY2021Q4	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs	1000000.0	usd
CY2020Q4	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs	1100000	usd
CY2022Q2	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchases	7400000	usd
CY2021Q2	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchases	3000000.0	usd
	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchases	7400000	usd
	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchases	3000000.0	usd
CY2022Q2	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements	1700000	usd
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	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements	2300000	usd
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CY2022Q2	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs	6100000	usd
CY2021Q2	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs	2600000	usd
CY2022Q2	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs	6100000	usd
CY2021Q2	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs	2600000	usd
CY2021Q4	us-gaap	Derivative Collateral Obligation To Return Cash DerivativeCollateralObligationToReturnCash	300000	usd
CY2022Q2	us-gaap	Derivative Instruments And Hedges DerivativeInstrumentsAndHedges	81800000	usd
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CY2021Q4	us-gaap	Derivative Instruments And Hedges DerivativeInstrumentsAndHedges	48700000	usd
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CY2022Q2	us-gaap	Derivative Instruments And Hedges Noncurrent DerivativeInstrumentsAndHedgesNoncurrent	19800000	usd
CY2022Q2	us-gaap	Derivative Instruments And Hedges Liabilities Noncurrent DerivativeInstrumentsAndHedgesLiabilitiesNoncurrent	1200000	usd
CY2021Q4	us-gaap	Derivative Instruments And Hedges Noncurrent DerivativeInstrumentsAndHedgesNoncurrent	5600000	usd
CY2021Q4	us-gaap	Derivative Instruments And Hedges Liabilities Noncurrent DerivativeInstrumentsAndHedgesLiabilitiesNoncurrent	100000	usd
CY2022Q2	us-gaap	Derivative Asset Fair Value Gross Asset Including Not Subject To Master Netting Arrangement DerivativeAssetFairValueGrossAssetIncludingNotSubjectToMasterNettingArrangement	101600000	usd
CY2022Q2	us-gaap	Derivative Liability Fair Value Gross Liability Including Not Subject To Master Netting Arrangement DerivativeLiabilityFairValueGrossLiabilityIncludingNotSubjectToMasterNettingArrangement	8100000	usd
CY2021Q4	us-gaap	Derivative Asset Fair Value Gross Asset Including Not Subject To Master Netting Arrangement DerivativeAssetFairValueGrossAssetIncludingNotSubjectToMasterNettingArrangement	54300000	usd
CY2021Q4	us-gaap	Derivative Liability Fair Value Gross Liability Including Not Subject To Master Netting Arrangement DerivativeLiabilityFairValueGrossLiabilityIncludingNotSubjectToMasterNettingArrangement	2700000	usd
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CY2022Q2	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	34500000	usd
CY2021Q2	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	6500000	usd
	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	42900000	usd
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CY2022Q2	us-gaap	Derivative Collateral Right To Reclaim Cash DerivativeCollateralRightToReclaimCash	5500000	usd
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CY2022Q2	us-gaap	Derivative Collateral Obligation To Return Cash DerivativeCollateralObligationToReturnCash	22700000	usd
CY2022Q2	us-gaap	Derivative Asset Fair Value Gross Asset Including Not Subject To Master Netting Arrangement DerivativeAssetFairValueGrossAssetIncludingNotSubjectToMasterNettingArrangement	101600000	usd
CY2021Q4	us-gaap	Derivative Asset Fair Value Gross Asset Including Not Subject To Master Netting Arrangement DerivativeAssetFairValueGrossAssetIncludingNotSubjectToMasterNettingArrangement	54300000	usd
CY2021Q4	us-gaap	Derivative Liability Fair Value Gross Liability Including Not Subject To Master Netting Arrangement DerivativeLiabilityFairValueGrossLiabilityIncludingNotSubjectToMasterNettingArrangement	2700000	usd
CY2022Q2	us-gaap	Derivative Asset Fair Value Gross Liability And Obligation To Return Cash Offset DerivativeAssetFairValueGrossLiabilityAndObligationToReturnCashOffset	26100000	usd
CY2022Q2	us-gaap	Derivative Liability Fair Value Gross Asset And Right To Reclaim Cash Offset DerivativeLiabilityFairValueGrossAssetAndRightToReclaimCashOffset	7400000	usd
CY2021Q4	us-gaap	Derivative Asset Fair Value Gross Liability And Obligation To Return Cash Offset DerivativeAssetFairValueGrossLiabilityAndObligationToReturnCashOffset	2700000	usd
CY2021Q4	us-gaap	Derivative Liability Fair Value Gross Asset And Right To Reclaim Cash Offset DerivativeLiabilityFairValueGrossAssetAndRightToReclaimCashOffset	2400000	usd
CY2022Q2	us-gaap	Derivative Assets DerivativeAssets	75500000	usd
CY2022Q2	us-gaap	Derivative Liabilities DerivativeLiabilities	700000	usd
CY2021Q4	us-gaap	Derivative Assets DerivativeAssets	51600000	usd
CY2021Q4	us-gaap	Derivative Liabilities DerivativeLiabilities	300000	usd
CY2022Q2	us-gaap	Derivative Asset Collateral Obligation To Return Cash Offset DerivativeAssetCollateralObligationToReturnCashOffset	18700000	usd
CY2021Q4	us-gaap	Derivative Asset Collateral Obligation To Return Cash Offset DerivativeAssetCollateralObligationToReturnCashOffset	300000	usd
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	2	segment
	wep	Significant Items Reported In The Other Segment SignificantItemsReportedInTheOtherSegment	0	usd
	wep	Significant Items Reported In The Other Segment SignificantItemsReportedInTheOtherSegment	0	usd
CY2022Q2	wep	Significant Items Reported In The Other Segment SignificantItemsReportedInTheOtherSegment	0	usd
CY2021Q2	wep	Significant Items Reported In The Other Segment SignificantItemsReportedInTheOtherSegment	0	usd
CY2022Q2	us-gaap	Purchase Obligation PurchaseObligation	8300000000	usd
	us-gaap	Interest Paid Net InterestPaidNet	225300000	usd
	us-gaap	Interest Paid Net InterestPaidNet	234000000.0	usd
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	-43200000	usd
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	-40300000	usd
	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	125800000	usd
	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	50000000.0	usd
	wep	Receivable From A Related Party Related To Insurance Proceeds ReceivableFromARelatedPartyRelatedToInsuranceProceeds	0	usd
	wep	Receivable From A Related Party Related To Insurance Proceeds ReceivableFromARelatedPartyRelatedToInsuranceProceeds	39600000	usd
	wep	Liabilities Accrued For Software Licensing Agreement LiabilitiesAccruedForSoftwareLicensingAgreement	3100000	usd
	wep	Liabilities Accrued For Software Licensing Agreement LiabilitiesAccruedForSoftwareLicensingAgreement	0	usd
CY2022Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2000000.0	usd
CY2021Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	0	usd
CY2022Q2	us-gaap	Restricted Cash Current RestrictedCashCurrent	3100000	usd
CY2021Q4	us-gaap	Restricted Cash Current RestrictedCashCurrent	2400000	usd
CY2022Q2	us-gaap	Restricted Cash Noncurrent RestrictedCashNoncurrent	600000	usd
CY2021Q4	us-gaap	Restricted Cash Noncurrent RestrictedCashNoncurrent	600000	usd
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	5700000	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	3000000.0	usd
	us-gaap	Payments Of Distributions To Affiliates PaymentsOfDistributionsToAffiliates	340000000	usd

Files In Submission

Name	View Source	Status
0000107815-22-000271-index-headers.html	Edgar Link	pending
0000107815-22-000271-index.html	Edgar Link	pending
0000107815-22-000271.txt	Edgar Link	pending
0000107815-22-000271-xbrl.zip	Edgar Link	pending
a2022q2we10qexhibit311.htm	Edgar Link	pending
a2022q2we10qexhibit312.htm	Edgar Link	pending
a2022q2we10qexhibit321.htm	Edgar Link	pending
a2022q2we10qexhibit322.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending
wep-20220630.htm	Edgar Link	pending
wep-20220630.xsd	Edgar Link	pending
wep-20220630_cal.xml	Edgar Link	unprocessable
wep-20220630_def.xml	Edgar Link	unprocessable
wep-20220630_htm.xml	Edgar Link	completed
wep-20220630_lab.xml	Edgar Link	unprocessable
wep-20220630_pre.xml	Edgar Link	unprocessable

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2022 Q2 Form 10-Q Financial Statement

#000010781522000271 Filed on August 04, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$WELPP WISCONSIN ELECTRIC POWER CO Stock $welpp

2022 Q2 Form 10-Q Financial Statement

#000010781522000271 Filed on August 04, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$WELPP
WISCONSIN ELECTRIC POWER CO Stock $welpp