WEC Energy Group CEO confident Oracle will meet collateral requirements for data center power

The CEO of We Energies’ parent company says he has “confidence” that Oracle will meet the collateral requirements imposed on it by state regulators to receive power service in Wisconsin. WEC Energy Group CEO Scott Lauber told investment analysts in an earnings call yesterday that he did not believe the tech giant’s collateral requirements would be a “long-term” issue for Oracle. He also said the u...