WEC Energy Group reports second-quarter results

Group 1 - The company reported net income of $211.3 million, or $0.67 per share, for the second quarter of 2024, down from $289.7 million, or $0.92 per share, in the same period last year [17][31] - Consolidated revenues totaled $4.5 billion for the first half of 2024, a decrease of $265.9 million compared to the first half of 2023 [18] - The company reaffirmed its 2024 earnings guidance of $4.80 to $4.90 per share, assuming normal weather conditions for the remainder of the year [11] Group 2 - Retail deliveries of electricity, excluding the iron ore mine, increased by 0.5 percent in the second quarter of 2024 compared to the same quarter last year [10] - Residential electricity use rose by 1.4 percent, while electricity consumption by small commercial and industrial customers was up by 0.3 percent [19][26] - Electricity use by large commercial and industrial customers, excluding the iron ore mine, declined by 0.1 percent [26] Group 3 - The company serves approximately 4.7 million customers across Wisconsin, Illinois, Michigan, and Minnesota [13] - WEC Energy Group is a Fortune 500 company and a component of the S&P 500, with over $44 billion in assets [21] - The company is focused on financial discipline, customer satisfaction, and operating efficiency as part of its business strategy [1]