Wisconsin Energy, Wisconsin Electric Declare Quarterly Dividends

MILWAUKEE, July 24 /PRNewswire-FirstCall/ — The boards of directors of Wisconsin Energy Corporation (NYSE:WEC) and Wisconsin Electric Power Company today declared regular quarterly dividends.

Wisconsin Energy

The Wisconsin Energy board of directors declared a quarterly dividend of 27 cents a share on the company’s common stock. The dividend is payable Sept. 1, 2008, to stockholders of record on Aug. 14, 2008.

Wisconsin Electric

The board of directors of Wisconsin Electric Power Company declared a quarterly dividend of 90 cents a share on the Preferred Stock, 3.60% Series, payable Sept. 1, 2008, to stockholders of record on Aug. 14, 2008. The board further declared a quarterly dividend of $1.50 a share on the Six Per Cent Preferred Stock payable Oct. 31, 2008, to stockholders of record on Oct. 13, 2008.

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 1 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 technology and real estate development. Wisconsin Energy(http://www.wisconsinenergy.com/) has more than $11 billion of assets, approximately 5,000 employees and more than 50,000 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 more than 450,000 natural gas customers in Wisconsin. Visit the We Energies Web site at http://www.we-energies.com/.

First Call Analyst:
FCMN Contact:

Source: Wisconsin Energy Corporation

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

Web site: http://www.wisconsinenergy.com/
http://www.we-energies.com/