WEC ENERGY GROUP, INC. — Director's Dealing 2011

Jan 10, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WISCONSIN ENERGY CORP (WEC)
CIK: 0000783325
Period of Report: 2011-01-06

Reporting Person: Fleming James C (Executive VP & General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-06	Common Stock	D	550.3831	—	Disposed	2717	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-06	Phantom Stock Units	$	A	550.3831	Acquired		Common Stock (550.3831)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	808.113	Indirect

Footnotes

F1: Upon the vesting of restricted stock granted to the reporting person on January 6 2006, the reporting person deferred the receipt of 550.3831 shares of common stock and received 550.3831 phantom stock units instead pursuant to the WEC Executive Deferred Compensation Plan (EDCP). As a result, the reporting person is reporting the disposition of 550.3831 shares of common stock in exhange for an equal number of phantom stock units.

F2: Includes shares acquired pursuant to a dividend reinvestment feature of Wisconsin Energy Corporation's Stock Plus Investment Plan in transactions exempt from Section 16 pursuant to Rule 16a-11.

F3: Includes shares acquired under Wisconsin Energy Corporation's Employee Retirement Savings Plan (ERSP) in transactions exempt from Section 16(b) pursuant to Rule 16b-3(c) and exempt from reporting pursuant to Rule 16a-3(f)(1)(i)(B). The number of shares in the ERSP attributable to any one participant varies with the price of the Common Stock. The information in this report is based on a plan statement dated as of December 31, 2010.

F4: One-for-one.

F5: These phantom stock units were accrued under the EDCP and are to be settled following the reporting person's retirement or other termination of employment.