WEC ENERGY GROUP, INC. ITEM 7.01 REGULATION FD DISCLOSURE.
On
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The Company reaffirms its earnings guidance for 2020 in the range of
Forward-looking statements
Certain statements contained in this Form 8-K are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based upon management's current expectations and are subject to risks and uncertainties that could cause the Company's actual results to differ materially from those contemplated in the statements. Readers are cautioned not to place undue reliance on these statements. Forward-looking statements include, among other things, statements concerning management's expectations and projections regarding debt redemptions, earnings and future results. In some cases, forward-looking statements may be identified by reference to a future period or periods or by the use of forward-looking terminology such as "anticipates," "believes," "estimates," "expects," "forecasts," "guidance," "intends," "may," "objectives," "plans," "possible," "potential," "projects," "should," "targets," "will" or similar terms or variations of these terms.
Factors that could cause actual results to differ materially from those
contemplated in any forward-looking statements include, but are not limited to:
general economic conditions, including business and competitive conditions in
the Company's service territories; the impact of the COVID-19 pandemic; timing,
resolution and impact of rate cases and other regulatory decisions; the
Company's ability to continue to successfully integrate the operations of its
subsidiaries; availability of the Company's generating facilities and/or
distribution systems; unanticipated changes in fuel and purchased power costs;
key personnel changes; varying weather conditions; continued industry
restructuring and consolidation; continued advances in, and adoption of, new
technologies that produce power or reduce power consumption; energy conservation
efforts; the Company's ability to successfully acquire and/or dispose of assets
and projects; cybersecurity threats and data security breaches; construction
risks; equity and bond market fluctuations; changes in the Company's and its
subsidiaries' ability to access the capital markets; the impact of tax reform
and any other legislative and regulatory changes, including changes to
environmental standards; political developments; current and future litigation
and regulatory investigations; changes in accounting standards; the financial
performance of
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--------------------------------------------------------------------------------The global outbreak of COVID-19 is currently impacting countries, communities, supply chains and markets, and has caused many states, including those states in which the Company operates, to continue to limit some business operations. The extent to which the COVID-19 pandemic may affect the Company depends on factors beyond our knowledge or control. Therefore, the Company is currently unable to determine what impact the pandemic may ultimately have on its business plans and operations, liquidity, financial condition, and results of operations, but will continue to monitor COVID-19 developments.
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