Company: WELPM
Filing Date: 2025-03-27
Form Type: DEF 14C
Source: 0000107815-25-000155
Chunk: 193

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-03-27
Form: DEF 14C
Chunk 193
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 of cash flows include our activity related to cash, cash equivalents, and restricted cash. The following table reconciles the cash, cash equivalents, and restricted cash amounts reported within the balance sheets at December 31 to the total of these amounts shown on the statements of cash flows:

|                                                    | (in millions) |   | 2024 |     |   | 2023 |     |   | 2022 |
|:---------------------------------------------------|:--------------|:--|-----:|:----|:--|-----:|:----|:--|-----:|
| Cash and cash equivalents                          |               | $ |  0.4 |     | $ |  6.1 |     | $ |  6.1 |
| Restricted cash included in other current assets   |               |   |  1.5 |     |   |  0.8 |     |   |  3.0 |
| Restricted cash included in other long-term assets |               |   |  0.6 |     |   |  0.6 |     |   | 38.6 |
| Cash, cash equivalents, and restricted cash        |               | $ |  2.5 |     | $ |  7.5 |     | $ | 47.7 |

Our restricted cash consisted of the following:

• Cash on deposit in a financial institution that is restricted to satisfy the requirements of a debt agreement at WEPCo Environmental Trust. See Note 21, Variable Interest Entities, for more information.

• Cash used during January 2023 to purchase a 50% interest in a natural gas-fired cogeneration facility located in Whitewater, Wisconsin. This cash was included in other long-term assets at December 31, 2022. See Note 2, Acquisitions, for more information on the purchase of this facility.

| Wisconsin Electric Power Company |     | B-65 |     | 2024 Annual Financial Statements |

#### NOTE 24—REGULATORY ENVIRONMENT

#### 2025 and 2026 Rates
In April 2024, we filed a request with the PSCW to increase our retail electric, natural gas, and steam rates. The primary drivers of the requested increases in electric rates were continued capital investments to transition our generation fleet from coal to renewables and natural gas-fueled generation, increased costs driven by higher inflation and interest rates, and the recovery of regulatory assets previously approved by the PSCW. The