Large Customer Data Center Growth
Microsoft has committed over $20 billion for data centers in southeastern Wisconsin, with the first phase operational in April 2026, and Vantage Data Centers planning up to 3.5 GW of demand; the PSCW approved new VLC and Bespoke Resources tariffs to accommodate these large customers.
Wisconsin Rate Order Impact
Wisconsin rate orders effective January 1, 2026, drove a significant portion of the $25.8 million increase in Wisconsin segment earnings during the quarter.
Non-Utility Segment Improvement
The non-utility energy infrastructure segment contributed an additional $36.4 million to net income, driven by improved market conditions, lower operating costs, and reduced storm damage losses.