-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EcwiThTlSRioCxIN8Hq80yAVuwvhpEcFmCT4LOjwG+dENkj2695V8Zx7Un0DoZ1N G3CwyNJJAe5K9oXtcFEYxA== 0000107815-04-000088.txt : 20040211 0000107815-04-000088.hdr.sgml : 20040211 20040211171420 ACCESSION NUMBER: 0000107815-04-000088 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040211 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040211 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: 04587275 BUSINESS ADDRESS: STREET 1: 231 W MICHIGAN ST STREET 2: P O BOX 2949 CITY: MILWAUKEE STATE: WI ZIP: 53201 BUSINESS PHONE: 4142212345 MAIL ADDRESS: STREET 1: 231 WEST MICHIGAN STREET STREET 2: P O BOX 2949 CITY: MILWAUKEE STATE: WI ZIP: 53201 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WISCONSIN GAS CO CENTRAL INDEX KEY: 0000107819 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION [4922] IRS NUMBER: 390476515 STATE OF INCORPORATION: WI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-07530 FILM NUMBER: 04587276 BUSINESS ADDRESS: STREET 1: 626 E WISCONSIN AVE CITY: MILWAUKEE STATE: WI ZIP: 53202 BUSINESS PHONE: 4142917000 MAIL ADDRESS: STREET 1: 626 E WISCONSIN AVE CITY: MILWAUKEE STATE: WI ZIP: 53202 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: 04587277 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 8-K 1 wecwewg8k21104.htm WECWEWG 8-K 2-11-04 Abdoo Retirement 8-K

 

 

 

 

 


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):

February 11, 2004

                                    

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 2949

 
 

     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

 
     

001-07530

   WISCONSIN GAS COMPANY

39-0476515

 

     (A Wisconsin Corporation)

 
 

     231 West Michigan Street

 
 

     P.O. Box 2046

 
 

     Milwaukee, WI 53201

 
 

     (414) 221-2345

 
     

 

 

 

WISCONSIN ENERGY CORPORATION
WISCONSIN ELECTRIC POWER COMPANY
WISCONSIN GAS COMPANY
                                    

 

ITEM 5.  OTHER EVENTS AND REGULATION FD DISCLOSURE.

On February 11, 2004, Wisconsin Energy Corporation issued a press release announcing that Richard A. Abdoo, Chairman of the Board and Chief Executive Officer of Wisconsin Energy, has decided to retire effective April 30, 2004. Gale E. Klappa, President of Wisconsin Energy, will also assume the positions of Chairman and Chief Executive Officer effective May 1, 2004. In addition, Mr. Abdoo will retire as Chairman of the Board of Wisconsin Electric Power Company and Wisconsin Gas Company effective April 30, 2004. Mr. Klappa, President and Chief Executive Officer of each of Wisconsin Electric and Wisconsin Gas, will also assume the position of Chairman of both companies effective May 1, 2004. A copy of the press release is attached hereto as Exhibit 99.1.

ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.

(c)     Exhibits:

The following Exhibits are filed with this Current Report on Form 8-K:

Exhibit No.

        99.1   Press Release dated February 11, 2004 announcing the retirement of Richard A. Abdoo.

 

 

 

 

 

 

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: February 11, 2004

Stephen P. Dickson -- Controller and

 

  Principal Accounting Officer

   
   
 

WISCONSIN ELECTRIC POWER COMPANY

 

(Registrant)

   
 

/s/ STEPHEN P. DICKSON                                      

Date: February 11, 2004

Stephen P. Dickson -- Controller and

 

  Principal Accounting Officer

   
   
 

WISCONSIN GAS COMPANY

 

(Registrant)

   
 

/s/ STEPHEN P. DICKSON                                      

Date: February 11, 2004

Stephen P. Dickson -- Controller and

 

  Principal Accounting Officer

   

 

 

 

 

 

EX-99.1 3 exhibit99-1.htm WECWEWG EXHIBIT 99.1 PRESS RELEASE Exhibit 99

Exhibit 99.1

From: Richard Cieslak
           February 11, 2004

Abdoo announces retirement from Wisconsin Energy Corp.

Klappa named as successor

MILWAUKEE - Richard A. Abdoo, chairman and chief executive officer of Wisconsin Energy Corp. (NYSE:WEC) today announced his retirement effective April 30, 2004. As part of the company's succession plan, the WEC board of directors announced that Gale Klappa would assume Abdoo's responsibilities effective May 1, 2004. Klappa is also president of WEC and president and chief executive officer of We Energies and will continue in that capacity. The succession plan was approved by the board of directors at a meeting held on Feb. 10, 2004.

"The last several years have seen a tremendous amount of change in the energy industry and at Wisconsin Energy," said Abdoo. "Our company has thrived during this tumultuous time by focusing on its core businesses. We're in strong shape financially, we have an excellent leadership team in place, a competent and committed workforce and our Power the Future plan is on track. I have every confidence that Gale and the rest of our leadership team will ensure the continued success of Wisconsin Energy."

Klappa joined WEC in April 2003 as president, and in July of that year he assumed the additional roles of president and chief executive officer of We Energies. In December 2003, Klappa was elected to the WEC board of directors.

"Moving forward we will continue to focus on our core energy businesses," said Klappa. "Dick has demonstrated great vision over the past decade. As a result, we are building the power plants we need to meet Wisconsin's growing energy needs. Our electric distribution system is recognized as the most reliable in the Midwest and we are making great strides in customer service. This is an exciting time to be part of the Wisconsin Energy team, and I'm honored to be entrusted with the leadership of the company"

Richard Abdoo joined the company in 1975 as director of corporate planning. He was named to his current position in 1991 and is one of the longest serving chief executive officers of any major U.S. energy company. In addition to serving as chairman of the board for WEC and all of its subsidiaries, Abdoo serves on the boards of AK Steel Corp., Marshall & Ilsley Corp. and Sensient Technologies Corp. He is the current chairman of the Milwaukee Metropolitan Association of Commerce, the Institute of Nuclear Power Operations and the Milwaukee Redevelopment Corp. Abdoo also serves numerous other civic, educational and industry organizations.

Prior to joining WEC, Klappa served as executive vice-president, chief financial officer and treasurer of Southern Company in Atlanta, Ga. Over the course of nearly 30 years, Klappa gained a broad range of experience in the energy industry. Klappa was Southern Company's chief strategic officer, the North American group president of Southern Energy Inc. (now Mirant) and president and chief executive officer of South Western Electricity, Southern Company's electric distribution utility in the United Kingdom. During his tenure with South Western, the company went from worst to first in a national ranking of customer satisfaction. Before his assignment in the U.K., he was senior vice president of marketing for Georgia Power Company, Southern Company's largest subsidiary.

A native of Wisconsin Rapids, Klappa is a 1972 cum laude graduate of the University of Wisconsin-Milwaukee, holding a bachelor's degree in mass communications.

"I'm delighted to be back in my home state and I look forward to the challenge of continuing to build a world-class company for our customers, our employees and our shareholders," said Klappa.

Wisconsin Energy Corporation (NYSE: WEC) is a Milwaukee-based Fortune 500 holding company with utility and non-utility subsidiaries. The company, through We Energies and its utility subsidiary Edison Sault Electric Company, serves more than one million electric customers in Wisconsin and Michigan's Upper Peninsula and 980,000 natural gas customers in Wisconsin. We Energies is the trade name of Wisconsin Electric Power Company and Wisconsin Gas Company, the company's principal utility subsidiaries. Its non-utility businesses include energy development, pump manufacturing, recycling and renewable energy, and real estate development. One of the Midwest's premier energy companies, Wisconsin Energy Corporation (www.WisconsinEnergy.com) has 9,000 employees, 67,000 shareholders and more than $9.5 billion in assets.

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