-- WEC Energy (WEC) reported Q1 earnings on Tuesday, showing retail electricity sales volumes in the Wisconsin segment rose 1.6% gigawatt-hour, compared to the same period a year ago.
The utility said excluding mining, retail electricity sales increased 1.1%.
WEC Energy said sales volumes grew 2.7% year over year, driven by demand from commercial and industrial customers. Total commercial and industrial electricity sales increased by 4. Residential demand was broadly flat, edging up 0.2%.
Residential gas sales, in contrast, dropped 4% y-o-y, while total commercial and industrial volumes were 4.7%. Overall retail natural gas sales volumes declined 4.3%, or 2.5% on a weather-normalized basis.
WEC Energy said transport volumes, excluding power generation, were down 2%, while total gas sales volumes, excluding power generation, fell 3.5%.
The company said total megawatt-hour sales dropped 3.3% to 10.28 terawatt-hours in Q1, compared with 10.62 TWh for the same period a year ago.
The energy firm forecasts total retail electricity sales to grow about 1.5% in 2026, with stronger gains of 5.1% expected in the commercial and industrial segment.
Retail electricity sales during the quarter edged up 1.6% y-o-y to 9 TWh. Sales to commercial and industrial users rose 4% to 2.97 TWh, while small commercial and industrial demand increased 0.7% to 3.21 TWh. Residential sales were broadly stable, inching up 0.2% to 2.80 TWh.
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