Wisconsin Energy Corporation (WEC)
Presentation at 2012 Barclays Energy/Power Conference
September 5, 2012 3:05 p.m. ET
Gale Klappa - Chairman, President, and CEO
Thank you very much. Good afternoon everybody. Since I’m one of the last things standing between you and the margaritas, we’ll try to be crisp, and then answer any questions you’ve got. And obviously we pay our lawyers by the word.
Just to briefly refamiliarize you, we are the largest gas and electric utility system in the state of Wisconsin. We also serve in the upper peninsula of Michigan. 1.1 million electric customer, over a million natural gas customers. We touch about one out of every two customers in the state of Wisconsin.
A little bit of history on performance. We’ve been very fortunate in that we’ve established a pretty solid track record of performance. In fact, if you look back to the year 2003, we are the only company in the S&P Electric Index, the S&P Utilities Index, the Philadelphia Utility Index, or the Dow Utility Index, the only company, that has been able to grow earnings per share and dividends per share each year since 2003.
Now, I have a question for you straight off the campaign trail. Are you better off than you were three, five, seven, or ten years ago? And if you’re a Wisconsin Energy Customer, or if you were heavily weighted in Wisconsin Energy stock, the answer is decidedly yes. So for my own amusement, if not yours, we’ll walk through the three, five, seven, and ten year return numbers.