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):

January 20, 2005

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

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

ITEM 5.03 AMENDMENTS TO ARTICLES OF INCORPORATION OR BYLAWS; CHANGE IN FISCAL YEAR.

On January 20, 2005, the Board of Directors of Wisconsin Energy Corporation amended Sections 2.03 and 2.05 of Wisconsin Energy's Bylaws in order to conform these provisions to the amendment to the Bylaws eliminating classification of the Board adopted by the stockholders of Wisconsin Energy at the 2004 Annual Meeting of Stockholders. These amendments will become effective at the 2005 Annual Meeting of Stockholders, to be held on May 5, 2005.

Section 2.03 was amended to state that each Director will hold office until the next annual meeting of stockholders rather than the end of a Director's term. Section 2.05 was amended to state that a Director filling a vacancy occurring in the Board of Directors will serve until the next annual meeting of stockholders rather than for the remainder of the term of the directors in the class of directors in which the vacancy occurred. The text of these amendments are attached hereto as Exhibit 3.1.

ITEM 8.01 OTHER EVENTS.

On January 20, 2005, Wisconsin Energy Corporation issued a press release announcing that it has increased the quarterly dividend to $0.22 per share, a 4.8% increase over the previous quarterly dividend of $0.21 per share. With the increase, the new annual dividend rate will be $0.88 per share. A copy of the press release is attached hereto as Exhibit 99.1.

ITEM 9.01 FINANCIAL STATEMENT AND EXHIBITS.

(c) Exhibits

3 Articles of Incorporation and Bylaws

3.1 Amended Sections 2.03 and 2.05 of the Bylaws of Wisconsin Energy Corporation.

99 Additional Exhibits

99.1 Press Release dated January 20, 2005 regarding the increase of the quarterly dividend to $0.22 per share.

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant 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: January 21, 2005	Stephen P. Dickson -- Controller and
	Chief Accounting Officer

EX-3

Exhibit 3.1

AMENDMENTS TO WISCONSIN ENERGY CORPORATION'S BYLAWS

Sections 2.03 and 2.05 of Wisconsin Energy Corporation's Bylaws are hereby amended, effective at the time of the 2005 Annual Meeting of Stockholders, as follows:

          2.03. Election and Tenure. Unless action is taken without a meeting under these Bylaws, directors shall be elected by a plurality of the votes cast by the shares entitled to vote in the election at a stockholders meeting at which a quorum is present. Each director shall hold office until the next annual meeting of stockholders and until such director's successor has been elected, or until such director's prior death, resignation or removal. A director may resign at any time by filing a written resignation with the Corporate Secretary of the corporation.

          2.05. Vacancies. Any vacancy occurring in the Board of Directors, including a vacancy created by an increase in the number of directors, may be filled by the stockholders or the Board of Directors. If the directors remaining in office constitute fewer than a quorum of the Board, the directors may fill a vacancy by the affirmative vote of a majority of all directors remaining in office. The director filling the vacancy shall serve until the next annual meeting of stockholders.

EX-99

Exhibit 99.1

From:   Rick James (news media)
             (414) 221-4444
             rick.james@we-energies.com

             Colleen F. Henderson CFA (analysts)
             414-221-2592
             colleen.henderson@wisconsinenergy.com

Jan. 20, 2005

Wisconsin Energy raises quarterly dividend

MILWAUKEE -- The board of directors of Wisconsin Energy Corporation (NYSE:WEC) today declared a quarterly dividend of $0.22 a share. The dividend is payable March 1, 2005, to stockholders of record on Feb. 11, 2005.

This represents a 1 cent per share, or 4.8 percent increase in the quarterly dividend rate.

"The dividend action taken by our board reflects the tremendous improvement we've made in the company's balance sheet and the confidence we have in our long-term business plan," said Gale E. Klappa, Wisconsin Energy chairman, president and chief executive.

With this increase, the new dividend is equivalent to an annual rate of $0.88 per share.

Wisconsin Energy Corporation (NYSE:WEC), based in Milwaukee, is a Fortune 500 energy company serving more than one million electric customers in Wisconsin and Michigan's Upper Peninsula and more than one million natural gas customers in Wisconsin. The company's principal utilities are We Energies and Edison Sault Electric. The company's non-utility businesses include energy development, recycling and renewable energy and real estate development.

One of the Midwest's premier energy companies, Wisconsin Energy Corporation (www.WisconsinEnergy.com) has nearly 6,000 employees, 58,000 stockholders and more than $9 billion of assets.

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