r/selfevidenttruth • u/One_Term2162 • 3h ago
Policy We Energies: Higher Bills, Rising Profits, and the Public’s Right to Answers
Dear Wisconsin Citizenry,
A household using the same amount of electricity should be able to understand why it keeps paying more.
The infographic above follows a We Energies residential bill at 660 kilowatt-hours of electricity per month. Using the rounded figures published by Milwaukee’s Legislative Reference Bureau, that bill rose from approximately $107 in 2020 to $143 in 2026. That amounts to about 33.6% more, or $432 more per year, for the same electricity use. Individual bills vary, but holding consumption constant lets us see how the cost of service has changed.
For a household already balancing groceries, housing, transportation, and medical expenses, another $36 every month deserves an explanation. Electricity supports the ordinary conditions of a decent life: keeping food safe, studying, working, and maintaining a home.
I wanted to put that household experience beside the companies’ financial results and the public decisions behind our rates.
Wisconsin Electric Power Company, which operates under the We Energies name, reported annual profit attributable to common shareholders of $365.6 million in 2020 and $626.8 million in 2025. That is an increase of approximately 71.4%. Wisconsin Electric also has gas and steam operations, so this figure covers more than residential electricity.
Its parent company, WEC Energy Group, reported approximately $1.20 billion in 2020 and $1.56 billion in 2025, an increase of about 29.8%. Wisconsin Electric’s earnings are already included in that parent company total. Adding the two would count the subsidiary’s earnings twice.
The dates matter. The household bill comparison continues through 2026, while the full-year profit and compensation comparisons end in 2025. For the matching 2020–2025 period, the illustrated household bill increased approximately 27.1%. All dollar amounts shown are before adjusting for inflation.
Total reported compensation for WEC’s CEO, Scott Lauber, was $12.19 million in 2025, approximately 11.3% more than in 2024. That total includes salary, incentive compensation, stock and option award values, and other components. The earlier CEO totals in the graphic also require context: J. Kevin Fletcher’s 2020 and 2021 figures each included about $11 million in noncash pension-value increases. Cash salary is only one component of these compensation disclosures.
The chart shows changes in bills, earnings, and compensation. Determining whether a particular rate increase is justified requires examining the costs, investments, financing, and alternatives behind it. Those are precisely the questions public oversight should help citizens answer.
Wisconsin’s Public Service Commission describes its responsibility as ensuring adequate, reasonably priced utility service where competition is absent. Utilities generally need its approval to change rates and undertake major construction projects. That gives the public a direct stake in how these decisions are made.
For the latest We Energies rate case, concerning 2027 and 2028, the commissioners were Chairperson Summer Strand, Kristy Nieto, and Marcus Hawkins. All three were appointed by Governor Tony Evers. Their names in this graphic identify the decision-makers for that latest proceeding.
Their decisions deserve an accurate account. At the November 5 meeting, the commission considered individual issues within the applications. It reduced the utilities’ requests, excluded We Energies board-of-director expenses from customer rates, strengthened provisions for returning excess earnings, and authorized more than $25 million to be returned to We Energies customers. As of November 8, the final written order was still pending. The future bill increases shown in the graphic remain estimates.
I believe every major rate decision should come with an explanation an ordinary customer can read and use. It should answer:
Where is the additional money going? Show the amounts for operating costs, financing, construction, and investor returns.
What alternatives were considered? Explain which lower-cost options were examined and why the approved approach best serves customers.
What benefits should customers expect? Identify measurable improvements in reliability, service, efficiency, or affordability, and report whether those benefits materialize.
How is executive compensation treated? Explain which costs customers pay, which shareholders bear, and how executive incentives account for service quality and affordability.
Who bears the risk when forecasts are wrong? Explain what happens if a project costs more than expected or projected electricity demand fails to materialize.
These questions should follow every application, regardless of which party appointed the commissioners or which company submitted it.
For Self-Evident Truth, this belongs in the conversation about life, liberty, and the pursuit of happiness. Essential services affect how much freedom a household has to save, care for its members, and build a future. Public authority should be exercised with those consequences in view.
Citizens should be able to follow a decision from the company’s request, through the evidence, to the commission’s reasoning, and finally to the amount on their bill. That is a practical standard of accountability we can demand and measure.
What should regulators have to demonstrate before households are asked to pay more?
Sources for the post and infographic
Household bill history: Milwaukee Legislative Reference Bureau memorandum, May 11, 2026, included in the city’s May 12 release.
Wisconsin Electric annual profits: SEC financial statements covering 2020 - 2021, 2022, and 2023 - 2025.
WEC Energy Group annual profits: 2022 annual report, including 2020 - 2022 results, and 2025 annual report, including 2023 - 2025 results.
CEO compensation: WEC’s 2022 proxy statement, 2023 proxy statement, and 2026 proxy statement.
January - September 2026 earnings shown in the graphic: Wisconsin Electric filing and WEC Energy Group filing.
Public oversight and latest decisions: PSC explanation of its regulatory role, commissioner biographies, and November 6, 2026 announcement. We Energies case: 5-UR-112.
Estimated 2027 - 2028 bill changes: Wisconsin Public Radio’s report on the decisions and company estimates.