Company: WELPM
Filing Date: 2025-12-03
Form Type: 424B2
Source: 0001104659-25-118058
Chunk: 32

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-12-03
Form: 424B2
Chunk 32
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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, 2023, 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, 2023, 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'>1

WISCONSIN ELECTRIC POWER COMPANY</div>

Wisconsin Electric Power Company, a subsidiary
of WEC Energy Group, Inc. (“WEC Energy Group”), was incorporated in the State of Wisconsin in 1896. Our principal executive
offices are located at 231 West Michigan Street, P.O. Box 2046, Milwaukee, Wisconsin, 53201, and our telephone number is (414) 221-2345.

We derive revenues primarily from the distribution
and sale of electricity and natural gas to retail customers in Wisconsin. We also have a steam utility that generates, distributes and
sells steam to customers in metropolitan Milwaukee, Wisconsin. We have combined common functions with Wisconsin Gas LLC, another subsidiary
of WEC Energy Group, and operate under the trade name “We Energies.” We conduct our business primarily through our utility
reportable segment.

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

Except as otherwise described in the applicable
prospectus supplement, we intend to use the net proceeds from the sale of our debt securities (a) to fund, or repay short-term debt
incurred to fund, our continuing construction program to provide services to new and existing utility customers in our service area and
to improve and modernize our facilities, (b) to repay and/or refinance debt, (c) for investments, and/or (d) for other
general corporate purposes. Pending disposition, we may temporarily invest any proceeds of the offering not required immediately for the
intended