WEC Energy posts higher first-quarter profit on lower costs

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WEC Energy Group said on Wednesday its first-quarter profit rose 18% as the utility benefited from lower operating costs and higher electricity rates. Wisconsin regulators approved WEC's filings for a rate increase in December, with new rates in effect for all of the company's utilities in the U.S. state. Rate base growth contributed 35 cents to the company's quarterly profit.
 
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