Wisconsin Energy Corp
Industry: Electric Utilities

Wisconsin Energy Corporation conducts its operations primarily in three operating segments: a utility energy segment, a non-utility energy segment and a manufacturing segment. The Company's primary subsidiaries are Wisconsin Electric Power Company, Wisconsin Gas Company and WICOR Industries, Inc. The Company's utility business provides electricity, gas and water services. The non-utility energy segment is involved in the development, ownership and operation of independent electric generating facilities; natural gas purchasing and marketing; and others. The Company's manufacturing segment produces pumps, water treatment products and fluid handling equipment with manufacturing, sales and distribution facilities in 14 countries.

Business Summary
Wisconsin Energy Corporation (Wisconsin Energy) is an energy company serving more than one million electric customers in Wisconsin and Michigan's Upper Peninsula, and more than one million natural gas customers in Wisconsin. The Company's primary subsidiaries are Wisconsin Electric Power Company (Wisconsin Electric), Wisconsin Gas LLC, formerly Wisconsin Gas Company (Wisconsin Gas) and W.E. Power, LLC (We Power). Historically it has conducted its operations primarily in three operating segments: a utility energy segment, a non-utility energy segment and a manufacturing segment. The Company sold its manufacturing segment on July 31, 2004.

Financial Summary
WEC, a holding company, is principally engaged in the generation, transmission, distribution and sale of electric energy, gas and steam to customers in east central and northern WI & the upper peninsula of MI. For the 6 months ended 6/30/05, revenues rose 6% to $1.89B. Net income from continuing operations rose 40% to $146.9M. Revenues reflect improved sales from the utility segment. Net income also reflects a decrease in interest expense & taxation.