Wisconsin Energy, Wisconsin Electric Declare Quarterly Dividends

MILWAUKEE, July 22 /PRNewswire-FirstCall/ -- The boards of directors of Wisconsin Energy Corporation (NYSE: WEC) and Wisconsin Electric Power Company today declared regular quarterly dividends.

Wisconsin Energy

The Wisconsin Energy board of directors declared a quarterly dividend of 40 cents a share on the company's common stock. The dividend is payable September 1, 2010, to stockholders of record on August 13, 2010. This marks the 272nd consecutive quarter – dating back to 1942 – that the company will have paid a dividend to its shareholders.

Wisconsin Electric

The board of directors of Wisconsin Electric Power Company declared a quarterly dividend of 90 cents a share on the Preferred Stock, 3.60% Series, payable September 1, 2010, to stockholders of record on August 13, 2010. The board further declared a quarterly dividend of $1.50 a share on the Six Per Cent Preferred Stock payable October 31, 2010, to stockholders of record on October 14, 2010.

Wisconsin Energy Corporation (NYSE: WEC), based in Milwaukee, is one of the nation's premier energy companies, serving more than 1.1 million electric customers in Wisconsin and Michigan's Upper Peninsula and more than 1 million natural gas customers in Wisconsin. The company's principal utility is We Energies. The company's other major subsidiary, We Power, designs, builds and owns electric generating plants.

Wisconsin Energy Corporation (www.wisconsinenergy.com), a component of the S&P 500, has more than $12 billion of assets, approximately 4,700 employees and 46,000 stockholders of record.

Wisconsin Electric Power Company, doing business as We Energies, is a subsidiary of Wisconsin Energy Corporation (NYSE: WEC). The company serves more than 1.1 million electric customers in Wisconsin and Michigan's Upper Peninsula and more than 460,000 natural gas customers in Wisconsin. Visit the We Energies Web site at www.we-energies.com.

SOURCE Wisconsin Energy Corporation

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