0000107815-12-000145.txt : 20121221 0000107815-12-000145.hdr.sgml : 20121221 20121221163121 ACCESSION NUMBER: 0000107815-12-000145 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20121220 ITEM INFORMATION: Other Events FILED AS OF DATE: 20121221 DATE AS OF CHANGE: 20121221 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WISCONSIN ELECTRIC POWER CO CENTRAL INDEX KEY: 0000107815 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 390476280 STATE OF INCORPORATION: WI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-01245 FILM NUMBER: 121282257 BUSINESS ADDRESS: STREET 1: 231 W MICHIGAN ST STREET 2: PO BOX 2046 CITY: MILWAUKEE STATE: WI ZIP: 53290-0001 BUSINESS PHONE: 414-221-2345 MAIL ADDRESS: STREET 1: 231 W MICHIGAN ST STREET 2: PO BOX 2046 CITY: MILWAUKEE STATE: WI ZIP: 53201 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WISCONSIN ENERGY CORP CENTRAL INDEX KEY: 0000783325 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 391391525 STATE OF INCORPORATION: WI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09057 FILM NUMBER: 121282252 BUSINESS ADDRESS: STREET 1: 231 W MICHIGAN ST STREET 2: P O BOX 1331 CITY: MILWAUKEE STATE: WI ZIP: 53201 BUSINESS PHONE: 414-221-2345 MAIL ADDRESS: STREET 1: 231 WEST MICHIGAN STREET STREET 2: P O BOX 1331 CITY: MILWAUKEE STATE: WI ZIP: 53201 8-K 1 wec-we8xk12202012.htm WEC-WE FORM 8-K WEC-WE 8-K 12.20.2012



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported):

December 20, 2012
 


Commission
Registrant; State of Incorporation
IRS Employer
File Number
Address; and Telephone Number
Identification No.
 
 
 
 
 
 
001-09057
       WISCONSIN ENERGY CORPORATION
39-1391525
 
                   (A Wisconsin Corporation)
 
 
                   231 West Michigan Street
 
 
                   P.O. Box 1331
 
 
                   Milwaukee, WI 53201
 
 
                   (414) 221-2345
 
 
 
 
001-01245
       WISCONSIN ELECTRIC POWER COMPANY
39-0476280
 
                   (A Wisconsin Corporation)
 
 
                   231 West Michigan Street
 
 
                   P.O. Box 2046
 
 
                   Milwaukee, WI 53201
 
 
                   (414) 221-2345
 
 
 
 

The name and address of each registrant have not changed since the last report.

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))





WISCONSIN ENERGY CORPORATION
WISCONSIN ELECTRIC POWER COMPANY
 


ITEM 8.01 OTHER EVENTS.

On December 20, 2012, the Public Service Commission of Wisconsin ("PSCW") authorized rate adjustments related to Wisconsin Electric Power Company's ("WEPCO") and Wisconsin Gas LLC's ("WG") requests to adjust electric, natural gas and steam rates. The PSCW approved the following rate adjustments:
Electric Rates

•
A net bill increase related to non-fuel costs for WEPCO's Wisconsin retail electric customers of approximately $70 million (2.6%) for 2013. This amount reflects an offset of approximately $63 million (2.3%) related to the proceeds of a renewable energy cash grant WEPCO expects to receive under the National Defense Authorization Act upon completion of its biomass facility currently under construction. Absent this offset, the retail electric rate increase for non-fuel costs is approximately $133 million (4.8%) for 2013.

•
Absent an adjustment for any remaining energy cash credits, an electric rate increase for WEPCO's Wisconsin electric customers of approximately $28 million (1%) for 2014.

•
Recovery of a forecasted increase in fuel costs of approximately $44 million (1.6%) for 2013. WEPCO will make an annual fuel cost filing, as required, for 2014.

Natural Gas Rates

•
A rate decrease of approximately $8 million (1.9%) for WEPCO's natural gas customers for 2013, with no rate adjustment in 2014.

•
A rate decrease of approximately $34 million (5.5%) for WG's natural gas customers for 2013, with no rate adjustment in 2014.

Steam Rates

•
An increase of approximately $1.3 million (6.0%) for WEPCO's Downtown Milwaukee (Valley) steam utility customers for 2013 and another $1.3 million (6.0%) in 2014.

•
An increase of approximately $1 million (7.0%) in 2013 and $1 million (6.0%) in 2014, respectively, for WEPCO's Milwaukee County steam utility customers.

These rate adjustments are effective January 1, 2013. In addition, the PSCW indicated that WEPCO's and WG's allowed return on equity would remain at 10.4% and 10.5%, respectively.







SIGNATURES
 
 
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, each of the registrants has
duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
 
 
 
 
 
WISCONSIN ENERGY CORPORATION
 
  (Registrant)
 
 
 
/s/ STEPHEN P. DICKSON
Date: December 21, 2012
Stephen P. Dickson - Vice President and Controller
 
 
 
 
 
WISCONSIN ELECTRIC POWER COMPANY
 
  (Registrant)
 
 
 
/s/ STEPHEN P. DICKSON
Date: December 21, 2012
Stephen P. Dickson - Vice President and Controller