Aflac Q1 2026 Highlights: Sales Growth in Japan and New Cancer Products

WEC Energy Group: updated infrastructure investment plans for 2026 (from the provided 2026 Q1 materials)

Based on WEC’s 2026 Q1 earnings transcript excerpts provided, the company’s “updated infrastructure investment” disclosures for 2026 are best understood as (a) confirmation of its overall 5-year capital plan and key project categories already in flight, and (b) specific updates on newly approved projects and ongoing capacity/reliability work that supports load growth. The excerpts do not provide a single, consolidated “2026-only” dollar figure for infrastructure spending; instead, they give (1) plan-level totals and (2) project-level scope/timing that affects 2026 investment.

1) Confirmation of a large, multi-year infrastructure buildout (with 2026 as an active year)

WEC states that its 5-year capital plan includes $37.5 billion of projected investments, described as “low risk and highly executable,” with a “good portion” dedicated to very large customers. ¹

WEC also links this infrastructure buildout to expected customer/load growth and system reliability needs, including a forecast that approximately 15% of its asset base by end of 2030 will be attributable to “very large customers.” ¹ While this is not “2026-only,” it frames the infrastructure that is expected to be funded starting in 2026 and throughout the plan period. ¹

2) Energy Infrastructure segment investment: newly approved projects and near-term construction momentum

WEC provides a direct investment update tied to “newly approved projects”:

• WEC plans to invest approximately $730 million in these newly approved projects. ²
• The excerpt does not explicitly say “this $730 million is all in 2026,” but it is presented as a capital-plan update alongside construction timelines for operating units (implying these investments are part of the near-term build cycle that includes 2026). ²

3) Key generation / reliability infrastructure work that runs through 2026 (and beyond), including timing anchors

The transcript also updates generation-related infrastructure projects that are part of WEC’s investment program and will require capital allocation beginning well before their targeted start-up dates:

• Construction continues on “new natural gas facilities in Paris and Old Creek, Wisconsin.” ²
• WEC expects Paris units (Yield Creek combustion turbines) to start coming online in late 2027. ²
• At Old Creek, WEC announced plans to extend the operating lives of units 7 and 8, expecting them to be available to meet “high energy demand periods through 2027 rather than retiring them at the end of this year.” ²
• WEC attributes the decision to “reliability and affordability for our customers.” ²

These items are important for 2026 investment planning because they describe (i) capital deployed to bring future capacity online (Paris/Old Creek gas facilities) and (ii) work necessary to keep existing capacity available through 2027 (Old Creek life extension). ²

4) Transmission and very-large-customer infrastructure items supporting load growth (VLC tariff / customer capacity)

WEC discusses major infrastructure tied to supporting data-center / very large customer demand growth—part of its infrastructure investment that is actively progressing around 2026:

• Regarding the Vantage site execution, WEC says it does not see slippage, and they conduct “a beating every other week” with the site; they also expect approval of a transmission line in fall of this year (i.e., 2026). ³
• WEC also notes its regulatory/tariff update: after review, the Public Service Commission verbally approved the VLC tariff structure on April 24, with a “written order in the few weeks.” ²
• For context on the load growth being served, WEC references Vantage demand of 1.3 gigawatts over the next 5 years and “potential to reach 3.5 gigawatts over time,” illustrating why system capacity investments are planned. ¹
• WEC indicates discussions and development activity with other large loads/areas, including growth signals in the region and further expansion plans by customers (e.g., Milwaukee Tool, Waukesha Engine). ¹

While these are not stated as “2026 spending totals,” they are concrete updates on execution and regulatory gating that determine what infrastructure can be built/commissioned during the period that includes 2026. ³²

5) Solar and storage approvals as part of near-term capital deployment

WEC reports:

• “This March,” it had a solar facility going to service with total capital of about $225 million. ¹
• The Wisconsin Commission approved 3 additional solar projects and a battery storage project. ¹

Again, this is not a single “2026 infrastructure spending line item,” but it is an explicit update of newly added generation/storage assets that would require capital commitments and construction/engineering starting in the near term (including 2026). ¹

---

Bottom line (what the excerpts actually support)

From the provided 2026 Q1 materials, WEC’s updated infrastructure investment plans relevant to 2026 include:

• Active participation in a large multi-year program: $37.5 billion of projected investments across a 5-year capital plan. ¹
• A specific capital commitment update for newly approved projects: approximately $730 million planned to be invested in those newly approved projects. ²
• Execution status and regulatory/approval milestones in 2026 for very large-customer and transmission needs, including no perceived slippage and expected transmission approval in fall 2026. ³
• Near-term solar/storage build actions (solar facility to service in March with ~$225 million capital, plus Commission-approved additional solar projects and a battery storage project). ¹
• Generation infrastructure build/reliability actions that will require 2026 capital: natural gas facility construction (Paris/Old Creek) and Old Creek unit life extension through 2027. ²

If you need a strict “2026-only infrastructure capex” number, the excerpts provided do not contain a single consolidated 2026 infrastructure spend figure; they instead provide plan-level totals and project-level investment/timing updates that collectively define what “infrastructure investment” is being updated for the 2026 timeframe. ¹²