Wisconsin Energy Corporation Announces Stock Split; New Dividend Rate

The board of directors of Wisconsin Energy Corporation

today announced a two-for-one stock split – the company's first stock split since 1992 – and declared a quarterly cash dividend consistent with the policy the board adopted at its December 2010 meeting. The new quarterly dividend will be 52 cents a share on a pre-split basis. After the split, the quarterly dividend rate will be 26 cents a share.