WEC Energy Group, Inc. has announced a substantial offering of junior subordinated notes, aiming to raise $2 billion through two series of fixed-to-fixed reset rate notes. This strategic move is expected to strengthen the company’s financial position and support its operations in the electric and other services combined sector.

The company filed the pricing term sheet with the SEC on November 2, 2026, detailing the offering of the Series 2026A and Series 2026B Notes. Each series has a principal amount of $1 billion, with maturities set for August 4, 2057. The Series 2026A Notes will bear an interest rate of 6.750% for the first six years, while the Series 2026B Notes will have a slightly higher rate of 6.950% for the same period.

WEC Energy Group, based in Milwaukee, Wisconsin, operates under the SIC code 4931, which encompasses electric and other services combined. The company, which was previously known as Wisconsin Energy Corp until 1992, is listed on the New York Stock Exchange under the ticker symbol WEC.

The filing indicates that the expected settlement date for this offering is November 4, 2026, just two days after the trade date. The notes are rated Baa2 by Moody’s, BBB by S&P, and BBB- by Fitch, all with stable outlooks. This rating reflects the company’s solid creditworthiness and operational stability.

The joint book-running managers for this offering include major financial institutions such as Citigroup Global Markets Inc., J.P. Morgan Securities LLC, and RBC Capital Markets, LLC, among others. Their involvement underscores the significance of this offering in the current market landscape.

This capital raise comes at a time when the energy sector is navigating various challenges, including regulatory changes and increased competition. By securing these funds, WEC Energy Group aims to enhance its liquidity and support ongoing projects, positioning itself favorably against competitors in the electric services industry.

As for what’s next, the filing does not specify any additional steps following this offering. Investors and stakeholders will be keen to see how the funds will be utilized in the coming months.