SHORT-TERM DEBT AND LINES OF CREDIT (Tables)

3 Months Ended

Mar. 31, 2022

Short-term Debt [Abstract]

Schedule of short-term borrowings and weighted-average interest rates

The following table shows our short-term borrowings and their corresponding weighted-average interest rates:

(in millions, except percentages)	March 31, 2022			December 31, 2021
Commercial paper
Amount outstanding	$	1,448.3		$	1,896.1
Weighted-average interest rate on amounts outstanding	0.92		%	0.26		%
Operating expense loans
Amount outstanding (1)	$	1.7		$	0.9

(1)Coyote Ridge and Tatanka Ridge entered into operating expense loans. In accordance with their limited liability company operating agreements, they received loans from their noncontrolling interests in proportion to their ownership interests.

Schedule of credit agreements and remaining available capacity

The information in the table below relates to our revolving credit facilities used to support our commercial paper borrowing programs, including remaining available capacity under these facilities:

(in millions)	Maturity	March 31, 2022
WEC Energy Group	September 2026	$	1,500.0
WE	September 2026	500.0
WPS (1)	September 2026	400.0
WG	September 2026	350.0
PGL	September 2026	350.0
Total short-term credit capacity		$	3,100.0
Less:
Letters of credit issued inside credit facilities		$	2.3
Commercial paper outstanding		1,448.3
Available capacity under existing agreements		$	1,649.4

(1)    In April 2022, WPS received approval from the PSCW to extend the maturity of its facility to September 2026.