Company: WELPM
Filing Date: 2025-09-18
Form Type: 424B5
Source: 0001104659-25-091050
Chunk: 14

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-09-18
Form: 424B5
Chunk 14
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 herein or under the rules and procedures governing
their respective operations.

<div align='center'>S-8</div>

Global Clearance and Settlement Procedures

Secondary market trading between Clearstream
participants and/or Euroclear system participants will occur in the ordinary way in accordance with the applicable rules and operating
procedures of Clearstream and the Euroclear system, as applicable.

Cross-market transfers between persons
holding directly or indirectly through DTC on the one hand, and directly or indirectly through Clearstream participants or Euroclear system
participants on the other, will be effected through DTC in accordance with DTC rules on behalf of the relevant European international
clearing system by its United States depositary; however, such cross-market transactions will require delivery of instructions to the
relevant European international clearing system by the counterparty in such system in accordance with its rules and procedures and
within its established deadlines (European time). The relevant European international clearing system will, if the transaction meets its
settlement requirements, deliver instructions to its United States depositary to take action to effect final settlement on its behalf
by delivering or receiving securities in DTC, and making or receiving payment in accordance with normal procedures for same-day funds
settlement applicable to DTC. Clearstream participants and Euroclear system participants may not deliver instructions directly to their
respective United States depositaries.

Because of time-zone differences, credits
of Debentures received in Clearstream or the Euroclear system as a result of a transaction with a DTC participant will be made during
subsequent securities settlement processing and dated the business day following the DTC settlement date. Such credits or any transactions
in Debentures settled during such processing will be reported to the relevant Clearstream participant or Euroclear system participant
on such business day. Cash received in Clearstream or the Euroclear system as a result of sales of the Debentures by or through a Clearstream
participant or a Euroclear system participant to a DTC participant will be received with value on the DTC settlement date but will be
available in the relevant Clearstream or the Euroclear system cash account only as of the business day following settlement in DTC.

<div align='center'>S-9

MATERIAL U.S. FEDERAL INCOME TAX CONSIDERATIONS FOR NON-U.S. HOLDERS</div>

The following summary describes material
United States federal income tax considerations relevant to the acquisition, ownership and disposition of the Debentures by Non-United
States Holders (as defined below). The