WEC Energy Group adds $1 billion to spending plan to meet expanded Microsoft demand

Milwaukee-based WEC Energy Group is adding $1 billion to its 5-year capital spending plan to meet additional demand from Microsoft’s expansion of its data center campus in Mount Pleasant.

WEC Energy Group’s 5-year capital spending plan now calls for $37.5 billion in spending between 2026 and 2030. It includes $7.4 billion for natural gas power generation and storage and $12.6 billion for renewable power generation. When it was announced in October, the plan represented a 30% increase in capital spending from the previous plan that covered 2025 to 2029.

The latest increase in spending, announced on WEC’s fourth quarter earnings call on Thursday, comes after Microsoft received approval from Mount Pleasant to expand its data center campus with an additional 8.4 million square feet of facilities and potential $13 billion investment

Based on Microsoft’s plans, WEC Energy Group added 500 MW of additional customer demand as part…