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Wisconsin Energy Corporation
built 632 days ago
Wisconsin Energy Corporation is a Milwaukee-based holding company with subsidiaries in utility and non-utility businesses. The company serves more than 1 million electric and 957,000 natural gas customers in Wisconsin and Michigan's Upper Peninsula through its utility subsidiaries - Wisconsin Electric, Wisconsin Gas and Edison Sault Electric. Its non-utility subsidiaries include energy services and development, pump manufacturing, waste-to-energy and real estate businesses. Visit the company's Web site at www.WisconsinEnergy.com.
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Wisconsin Energy Corporation (WEC) is a diversified holding company engaged in electric generation; electric, natural gas, steam and water distribution; and other non utility businesses. The company primarily operates in Wisconsin and the Upper Peninsula of Michigan in the US. It is headquartered in Milwaukee, Wisconsin and employs about 5,200 people.
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Three-and-a-half years later, after state regulators had okayed the plan and the state legislature passed a new law regulating the company, Wisconsin Energy Corporation (WEC) became the sole holder of Wisconsin Electric Power Company's stock. Common shareholders of WEPCo. became common shareholders of Wisconsin Energy. McNeer was not long in taking economic development action. In July 1987, the Wispark subsidiary broke ground on LakeView Corporate Park, a massive 1,200 acre industrial park, which by April 1992 had 15 tenants with a combined total of 2,000 employees. Succeeding developments have included a $1.7 million investment in Milwaukee's Historic King Place low-income housing development and a $5 million investment in Milwaukee's luxury East Pointe Commons project.
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Wisconsin Energy Corporation (WEC) has supported the JI concept since its introduction. In 1994, WEC submitted two project proposals in the first round of the USIJI's solicitation. Of a total of thirty proposals submitted, both of WEC's projects were among the seven approved. WEC's projects demonstrate the two types of GHG mitigation strategies previously described.
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The Chairman of the Board, President and Chief Executive Officer of Wisconsin Energy Corporation has specific responsibility for climate change related issues. The Vice President-Environmental manages WEC’s climate change strategies. Climate change activities are described:
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Stock price performance -- Wisconsin Energy stock continued to outperform both the S&P 500 and a Custom Peer Group Index of investor-owned utility companies nationwide. One hundred dollars invested in Wisconsin Energy at the end of 2001 was worth $241 at the end of 2006, assuming reinvested dividends. The same investment in the Custom Peer Group Index and S&P 500 was valued at $188 and $135, respectively.
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Wisconsin Energy Corporation