Company: WELPM
Filing Date: 2025-03-27
Form Type: DEF 14C
Source: 0000107815-25-000155
Chunk: 176

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-03-27
Form: DEF 14C
Chunk 176
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 $ | 30.0 |

| Wisconsin Electric Power Company |     | B-56 |     | 2024 Annual Financial Statements |

The following table shows information for pension plans with a projected benefit obligation in excess of plan assets. There were no plan assets related to these pension plans. Amounts presented are as of December 31:

|                              | (in millions) |   | 2024 |     |   | 2023 |
|:-----------------------------|:--------------|:--|-----:|:----|:--|-----:|
| Projected benefit obligation |               | $ | 28.2 |     | $ | 30.2 |

The following table shows information for OPEB plans with an accumulated benefit obligation in excess of plan assets. Amounts presented are as of December 31:

| (in millions)                  |     | 2024 |       |     | 2023 |   |
|:-------------------------------|:----|:-----|------:|:----|:-----|:--|
| Accumulated benefit obligation |     | $    | 172.0 |     | $    | — |
| Fair value of plan assets      |     |      | 170.8 |     |      | — |

The following table shows the amounts that had not yet been recognized in our net periodic benefit cost as of December 31:

| (in millions)                       
 Net regulatory assets (liabilities) |     | Pension Benefits 
 2024             |       |     | 2023 |       |     | OPEB Benefits 
 2024          |       |     | 2023 |       |
|:------------------------------------|:----|:-----------------|------:|:----|:-----|------:|:----|:--------------|------:|:----|:-----|------:|
| Net actuarial loss (gain)           |     | $                | 311.1 |     | $    | 342.1 |     | $             | -75.7 |     | $    | -89.1 |
| Prior service credits               |     |                  |  -1.8 |     |      |  -1.9 |     |               |  -0.3 |     |      |  -0.4 |
| Total                               |     | $                | 309.3 |     | $    | 340.2 |     | $             | -76.0