Barclays Reiterates an 'Equalweight' on Wisconsin Energy (WEC); Commission Accepts Rate Case Deferral Proposal

Barclays reiterates an 'Equalweight' on Wisconsin Energy (NYSE: WEC) price target raised $2 to $36.

Barclays analyst says, "Wisconsin Public Service Commission voted (2-1) to accept WEC's May proposal to defer by one year its biennial General Rate Case proceeding until 2012 with new base rates effective 2013. We view this as a constructive outcome and one that also underscores the progressive nature of the Wisconsin Commission, which has consistently been regarded as very balanced and forward-thinking. We reiterate our rating and our current 2011/'12/'13E EPS of $2.14/$2.32/$2.51."

For more ratings news on Wisconsin Energy click here and for the rating history of Wisconsin Energy click here.

Shares of Wisconsin Energy closed at $31.48 yesterday.

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