Company: WELPM
Filing Date: 2025-03-27
Form Type: DEF 14C
Source: 0000107815-25-000155
Chunk: 10

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-03-27
Form: DEF 14C
Chunk 10
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-term critical risks that could impact WEC Energy Group and the Company. The WEC Energy Group Board believes that certain matters should be contemplated by the full WEC Energy Group Board. This includes oversight of environmental, social and governance risks that have the potential to result in significant financial or reputational consequences that could impact WEC Energy Group's brand, limit its sustainability or jeopardize its value to stockholders.

The WEC Energy Group Board has delegated certain other risk monitoring responsibilities to its committees. These committees routinely report to the WEC Energy Group Board on matters that fall within designated areas of responsibility, as described in each committee’s charter. For more information about each committee's duties and responsibilities, see "Committees of the WEC Energy Group Board" above.

To carry out its risk oversight function, the WEC Energy Group Board and its committees meet regularly throughout the year. Board members receive briefings prepared by management and outside advisers on specific areas of current and emerging risks to the enterprise as captured through the enterprise risk management framework described above. Committees routinely report to the WEC Energy Group Board on matters that fall within designated areas of responsibility.

Examples of risk monitoring activity which have been designated to the WEC Energy Group Board committees include:

Audit and Oversight Committee . External auditor independence; ethics and compliance program; financial reporting; and legal and regulatory risks and compliance matters such as data privacy and security, including cyber, physical and operating technology, electric reliability standards, environmental, government relations, and litigation.

Compensation Committee . Compensation practices and programs; CEO performance; executive succession planning; and human capital management and development.

Corporate Governance Committee . WEC Board performance and succession planning; director independence; and governance structure and practices.

Finance Committee . Capital allocation; capital structure and financings; employee retirement and benefit plan assets; and insurance management.

These committees have direct access to, and meet as needed with, WEC Energy Group representatives without other management present to discuss matters related to risk management,

The Board believes that its leadership structure, in combination with WEC Energy Group’s Board and committee structure and enterprise risk management program, effectively supports the Board's risk oversight function.

How can interested parties contact the members of the Board?

Correspondence may be sent to the directors in care of the Corporate Secretary, Margaret C. Kelsey, at the Company’s principal executive office, PO Box 2046, Milwaukee, Wisconsin 53201.

All communications received as set forth above will be opened by the Corporate Secretary. Pursuant to instructions from the Board, all communication relating to