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Did WEC’s (WEC) Push Into Cellular Grid Monitoring Just Reframe Its Regulated Infrastructure Story?
WEC Energy Group (WEC) is enhancing its grid monitoring capabilities by using OneLayer’s platform for cellular-connected field devices, aiming to improve service resiliency and efficiency in its operations. While this digital upgrade supports modernization, the article emphasizes that WEC’s investment narrative still heavily relies on its ability to manage a capital-intensive plan without impacting returns, especially concerning rising debt and interest rates. The company’s future financial performance will be influenced by how it balances these technological advancements with financing costs and regulatory decisions, projecting $10.8 billion in revenue and $2.1 billion in earnings by 2028.