Scott Lauber

Scott Lauber leads WEC Energy Group as President and CEO, overseeing a portfolio of regulated electric and natural gas utilities serving approximately 4.6 million customers across Wisconsin (the primary market), Illinois, Michigan, and Minnesota. WEC operates through subsidiaries including We Energies, Wisconsin Public Service, Peoples Gas, and North Shore Gas. WEC has earned a premium valuation among U.S. regulated utilities due to its consistently above-peer earnings growth rate, driven by a constructive regulatory environment in Wisconsin (where regulators have been supportive of capital investment and rate recovery) and a robust capital investment program. The company is investing heavily in renewable energy, grid modernization, and infrastructure replacement. Wisconsin's regulatory framework allows forward-looking test years in rate cases, enabling timelier cost recovery and reducing regulatory lag. This constructive regulatory relationship is WEC's most valuable asset. Key stock drivers include rate case outcomes in Wisconsin and other jurisdictions, capital investment program execution, renewable energy additions, earned returns versus authorized returns, interest rate impact on utility valuations, load growth from data centers and industrial customers, natural gas distribution demand, dividend growth sustainability, and the regulatory environment for utility cost recovery.