Company: WELPM
Filing Date: 2025-12-02
Form Type: 424B5
Source: 0001104659-25-117538
Chunk: 5

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-12-02
Form: 424B5
Chunk 5
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 “could,” “estimates,” “expects,” “forecasts,”
“goals,” “guidance,” “intends,” “may,” “objectives,” “plans,”
“possible,” “potential,” “projects,” “seeks,” “should,” “targets,”
“will” or similar terms or variations of these terms.

We caution you that any forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the future results, performance or achievements we have anticipated in the forward-looking statements.

In addition to the assumptions and other
factors referred to specifically in connection with those statements, factors that could cause our actual results, performance or achievements
to differ materially from those contemplated in the forward-looking statements include factors we have described under the captions “Cautionary
Statement Regarding Forward-Looking Information” and “Risk Factors” in our Annual Report on Form 10-K for the year ended
December 31, 2024 and the Company’s Quarterly Reports on Form 10-Q for the quarters ended March 31, 2025, June 30, 2025 and September
30, 2025, and under the caption “Factors Affecting Results, Liquidity, and Capital Resources” in the “Management’s
Discussion and Analysis of Financial Condition and Results of Operations” section of our Annual Report on Form 10-K for the year
ended December 31, 2024 and the Company’s Quarterly Reports on Form 10-Q for the quarters ended March 31, 2025, June 30, 2025 and
September 30, 2025, or under similar captions in the other documents we have incorporated by reference. Any forward-looking statement
speaks only as of the date on which that statement is made, and, except as required by applicable law, we do not undertake any obligation
to update any forward-looking statement to reflect events or circumstances, including unanticipated events, after the date on which that
statement is made.

<div align='center'>USE OF PROCEEDS</div>

We estimate the net proceeds to us from
the offering to be approximately $ million, after deducting underwriting discounts
and other offering expenses payable by us. We intend to use the net proceeds from this offering to repay short-term debt and for other
general corporate purposes. At November 21, 2025, our outstanding short-term debt of $431.