SHORT-TERM DEBT AND LINES OF CREDIT

3 Months Ended

Mar. 31, 2017

Short-term Debt [Abstract]

SHORT-TERM DEBT AND LINES OF CREDIT

SHORT-TERM DEBT AND LINES OF CREDIT

The following table shows our short-term borrowings and their corresponding weighted-average interest rates:

(in millions, except percentages)	March 31, 2017			December 31, 2016
Commercial paper
Amount outstanding	$	670.4		$	860.2
Weighted-average interest rate on amounts outstanding	1.18		%	0.96		%

Our average amount of commercial paper borrowings based on daily outstanding balances during the three months ended March 31, 2017, was $746.2 million with a weighted-average interest rate during the period of 1.01%.

The information in the table below relates to our revolving credit facilities used to support our commercial paper borrowing programs, including remaining available capacity under these facilities:

(in millions)	Maturity	March 31, 2017
WEC Energy Group	December 2020	$	1,050.0
WE	December 2020	500.0
WPS	December 2020	250.0
WG	December 2020	350.0
PGL	December 2020	350.0
Total short-term credit capacity		$	2,500.0
Less:
Letters of credit issued inside credit facilities		$	29.1
Commercial paper outstanding		670.4
Available capacity under existing agreements		$	1,800.5