Wisconsin Energy

Energy company serving Wisconsin and upper Michigan.

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Headquarters:
231 W. Michigan St.
Milwaukee, WI 53203
Employees: 5,300
CEO: Gale Klappa
Stock Symbol: WEC

Website: http://www.wisconsinenergy.com

We Energies Career Site

Wisconsin Energy provides electricity and natural gas to customers in Wisconsin and Michigan.

We Energies is the trade name of Wisconsin Electric Power Company and Wisconsin Gas Company, the company's principal utility subsidiaries. We Energies and Edison Sault Electric Company serve more than 1.1 million electric customers in Wisconsin and Michigan's Upper Peninsula and 1 million natural gas customers in Wisconsin. The company also serves about 2,500 water customers in Milwaukee's northern suburbs and about 500 steam customers in downtown Milwaukee.

The company's non-utility businesses include energy development, recycling and renewable energy, and real estate development.

In 2005, Wisconsin Energy reported revenues of $3.8 billion and net income of $308.7 million.

The company has more than $10 billion in assets.

History

1896 - The Milwaukee Electric Railway and Light Co. forms to provide electric, steam and interurban rail service. Covering more than 12,000 square miles.

1938 - Company changes name to Wisconsin Electric Power Company.

1987 - Wisconsin Electric restructures, formally establishing Wisconsin Energy Corporation, and several new subsidiaries including Wispark, Wisvest and Witech.

1994 - Wisconsin Energy buys Lake Geneva-based Wisconsin Southern Gas Co. and merges it into Wisconsin Natural.

1995 - Wisconsin Natural merges with Wisconsin Electric.

2000 - WICOR, a Milwaukee-based holding company of Wisconsin Gas, becomes part of Wisconsin Energy Corporation, creating the largest electric and natural gas provider in Wisconsin.

Benefits

Business Casual
Employees in many positions may dress in a relaxed style throughout the week.
Cafeteria
Our downtown company cafeteria is open Monday through Friday for breakfast and lunch.
Cash Balance Plan (Pension)
Employees receive an annual interest credit and a benefit credit to a personal account. Lump-sum distributions are permitted when the employee leaves the company. Employees are eligible upon hiring and may receive the benefit after 12 consecutive months of employment and at least 1,000 hours of work.
Credit Union
The credit union offers employees various savings and checking plans, as well as low-interest mortgage and auto loans.

Dental Plans
Employees may choose comprehensive coverage or a dental maintenance organization (where available).
Drug Plan
Prescription drug coverage varies depending on medical plan choices.
Fitness Center
Our 24-hour, fully equipped fitness centers at selected company locations are free to employees and their families.
Flexible Spending Accounts
Employees may set aside pre-tax dollars to pay for qualified health care and dependent care expenses. New employees are eligible after 31 days of employment.
Flexible Working Hours
Flexible schedules are available in some departments. Details are worked out with individual supervisors.
Holidays
These holidays are observed each year: New Year's Day, Good Friday, Memorial Day, Fourth of July, Labor Day, Thanksgiving Day, Friday after Thanksgiving Day, Christmas Eve, Christmas Day and New Year's Eve.
Medical Plan
Employees have a choice of plans that include the option of using networks of physicians, hospitals and other health care providers at reduced prices.
Personal Computer Purchase Plan
Employees may apply for a two-year, interest-free loan to purchase up to $2,000 worth of computer equipment and software.
Paid Time Off
Each year, employees are awarded a number of vacation days based on holidays, years of service and union guidelines. Paid time off also may be available for jury duty and non-active military duty.
Retirement Savings Plan
Employees may contribute up to 20 percent of their income to an account on a pre-tax or post-tax basis. The company matches 50 percent of the first 6 percent of contributions. Employee contributions always are vested, but company matching contributions are vested after one year of employment.
Tuition Refund Program
Work-related courses are reimbursed at 90 percent for an A or B grade and 80 percent for a C. Full and part-time employees who meet program requirements are eligible for reimbursement. Selected non-work related courses are reimbursed at 60 percent.
Variable Incentive Pay Plan
Depending on company, department, team and individual performance, eligible employees may receive an annual payout of up to 10 percent of their salary.

Updated February 23, 2006

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