Wisconsin Energy considers retiring 6.2% bonds, 6.25% hybrids

By Angela McDaniels

Tacoma, Wash., Jan. 24 - Wisconsin Energy Corp. is considering the early retirement of its $200 million of 6.2% bonds due 2033 and $500 million of 6.25% hybrid securities, according to investor presentation slides filed with the Securities and Exchange Commission.

The interest rate on the hybrid securities begins to float in 2017.

The company said the timing and magnitude of retirement depends on several factors, including interest rates and the company's potential capital investments.

Wisconsin Energy is a gas and electric company based in Milwaukee.

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