Atec, with a $29.9 billion market cap and $47.4 billion in assets as of Dec. 31, 2024, has a long history of quality earnings with a compound annual growth rate of ~6.7% from 2015-2024, and projects long-term EPS growth of 6.5%-7%.
02
The company plans a $28.0 billion capital investment from 2025-2029, primarily focused on electric generation ($13.2 billion) and electric distribution ($5.3 billion), to invest in renewable/low-carbon energy and modernize infrastructure.
03
Atec actively remediated environmental sites in 2024, including completing sediment remediation at the Milwaukee Solvay Car Ferry Slip and continuing work on several former manufactured gas plant (MGP) sites.
04
Combustion product production decreased from 508,200 metric tons in 2022 to 476,000 in 2024, while beneficial use remained high at 99% in both 2023 and 2024, exceeding production in 2024 by utilizing surplus from prior years.
05
Atec's WEC Energy Group achieved first place in the 2024 E Source Large Business Customer Satisfaction Study, and Wisconsin Public Service was named a 'Customer Champion' and 'Most Trusted Brand' in Escalent’s 2024 study.
06
The company is actively managing climate-related risks and opportunities through its Climate Risk Committee, engaging with industry experts for risk assessments, and joining the EPRI SMARTargets™ initiative in 2023 to develop GHG target setting methodology.
Insights
01
Atec, with a $29.9 billion market cap and $47.4 billion in assets as of Dec. 31, 2024, has a long history of quality earnings with a compound annual growth rate of ~6.7% from 2015-2024, and projects long-term EPS growth of 6.5%-7%.
02
The company plans a $28.0 billion capital investment from 2025-2029, primarily focused on electric generation ($13.2 billion) and electric distribution ($5.3 billion), to invest in renewable/low-carbon energy and modernize infrastructure.
03
Atec actively remediated environmental sites in 2024, including completing sediment remediation at the Milwaukee Solvay Car Ferry Slip and continuing work on several former manufactured gas plant (MGP) sites.
04
Combustion product production decreased from 508,200 metric tons in 2022 to 476,000 in 2024, while beneficial use remained high at 99% in both 2023 and 2024, exceeding production in 2024 by utilizing surplus from prior years.
05
Atec's WEC Energy Group achieved first place in the 2024 E Source Large Business Customer Satisfaction Study, and Wisconsin Public Service was named a 'Customer Champion' and 'Most Trusted Brand' in Escalent’s 2024 study.
06
The company is actively managing climate-related risks and opportunities through its Climate Risk Committee, engaging with industry experts for risk assessments, and joining the EPRI SMARTargets™ initiative in 2023 to develop GHG target setting methodology.