Hunton Advises on WEC Energy Group’s $3B ATM Program

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November 14, 2025
News

Hunton Andrews Kurth LLP advised the sales agents, the forward sellers, and the forward purchasers in connection with the establishment of an at-the-market program for WEC Energy Group, Inc. (WEC) to sell shares of WEC’s common stock up to an aggregate gross sales price of $3 billion from time to time through either the sales agents or the forward sellers, who will, at WEC’s request, borrow shares of WEC’s common stock from third parties and sell a number of shares of common stock equal to the number of shares underlying the forward sale agreement to hedge the forward sale agreement, under two separate forms of forward sale agreements.

WEC is a public utility holding company whose wholly-owned subsidiaries are primarily engaged in the business of providing regulated natural gas, electricity, and renewable energy services in Wisconsin, Illinois, Michigan, and Minnesota. In addition, WEC has an approximately 60% equity interest in American Transmission Company LLC, a regulated electric transmission company, and majority interests in several wind generating facilities as part of its non-utility energy-infrastructure business.

The Hunton team included Adam R. O’Brian, Patrick C. Jamieson, Monika M. Dziewa, and Ryan Metz. Joseph B. Buonanno and Reuben H. Pearlman provided advice on the forward components and Robert McNamara and William Freeman provided tax advice.

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