Company: WELPM
Filing Date: 2025-09-18
Form Type: 424B5
Source: 0001104659-25-091050
Chunk: 10

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-09-18
Form: 424B5
Chunk 10
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ure, there are no consents required or other restrictions on our ability to amend the first mortgage bond indenture for any
purpose, including to permit the issuance of a greater amount of first mortgage bonds than would be permitted under the existing terms
of the first mortgage bond indenture.

<div align='center'>S-6</div>

Other

The Debentures will be subject to defeasance
under the conditions described in the accompanying prospectus.

We may from time to time, without notice
to, or the consent of, the holders of the Debentures, create and issue further debentures of the same series, equal in rank to the Debentures
in all respects (or in all respects except for the public offering price, the payment of interest accruing prior to the issue date of
the new debentures or, if applicable, the first payment of interest following the issue date of the new debentures) so that the new debentures
may be consolidated and form a single series with the Debentures and have the same terms as to status, redemption or otherwise as the
Debentures. In the event that we issue additional debentures of the same series, we will prepare a new offering memorandum or prospectus.

The indenture and the Debentures will
be governed by the laws of the State of Wisconsin, unless federal law governs.

Book-Entry Only Issuance - The Depository Trust Company

The Depository Trust Company (“DTC”),
New York, NY, will act as the securities depository for the Debentures. The Debentures will be issued only as fully-registered securities
registered in the name of Cede & Co. (DTC’s partnership nominee) or such other name as may be requested by an authorized
representative of DTC. We will issue one or more fully-registered global Debenture certificates, representing in the aggregate the total
principal amount of the Debentures, and will deposit each such certificate with the Trustee on behalf of DTC. Investors may hold interests
in the Debentures offered hereby through DTC if they are participants in DTC or indirectly through organizations that are participants
in DTC, including Euroclear or Clearstream.

DTC, the world’s largest securities
depository, is a limited-purpose trust company organized under the New York Banking Law, a “banking organization” within the
meaning of the New York Banking Law, a member of the Federal