Wisconsin Energy, Wisconsin Electric: Declare Quarterly Dividends

MILWAUKEE, Oct. 19 /PRNewswire-FirstCall/ — The boards of directors of Wisconsin Energy Corporation (NYSE:WEC) and Wisconsin Electric Power Company have declared regular quarterly dividends.


Wisconsin Energy


The Wisconsin Energy board of directors today declared a quarterly dividend of $0.23 a share on the company’s common stock. The dividend is payable Dec. 1, 2006, to stockholders of record on Nov. 14, 2006.


Wisconsin Electric


Also today, the board of directors of Wisconsin Electric Power Co. declared a dividend of $0.90 per share on the Preferred Stock, 3.60% Series, payable on Dec. 1, 2006, to stockholders of record on Nov. 14, 2006. The board further declared a dividend of $1.50 per share on the Six Per Cent. Preferred Stock payable on Jan. 31, 2007, to stockholders of record on Jan. 12, 2007.


Wisconsin Energy Corporation (NYSE:WEC) , based in Milwaukee, is one of the nation’s premier energy companies, serving more than 1.1 million electric customers in Wisconsin and Michigan’s Upper Peninsula and more than one million natural gas customers in Wisconsin. The company’s principal utilities are We Energies and Edison Sault Electric. The company’s non- utility businesses include renewable energy and real estate development. Wisconsin Energy Corporation ( http://www.wisconsinenergy.com/ ) has more than $10 billion of assets, 5,300 employees and approximately 56,000 stockholders of record.


Wisconsin Electric Power Company, a principal utility subsidiary of Wisconsin Energy Corporation (NYSE:WEC) , is now doing business as We Energies. The company serves more than 1.1 million electric customers in Wisconsin and Michigan’s Upper Peninsula and 447,000 natural gas customers in Wisconsin. Visit the We Energies Web site at http://www.we-energies.com/ .


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Source: Wisconsin Energy Corporation


CONTACT: Rick James (news media), +1-414-221-4444, or Colleen F.
Henderson, CFA (analysts), +1-414-221-2592, or
[email protected] , both of Wisconsin Energy Corporation