Company: WELPM
Filing Date: 2025-03-27
Form Type: DEF 14C
Source: 0000107815-25-000155
Chunk: 163

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-03-27
Form: DEF 14C
Chunk 163
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 based on daily outstanding balances during 2024 was $166.5 million, with a weighted-average interest rate during the period of 5.40%.

We have entered into a bank back-up credit facility to maintain short-term credit liquidity which, among other terms, requires us to maintain, subject to certain exclusions, a total funded debt to capitalization ratio of 65% or less. As of December 31, 2024, we were in compliance with this ratio.

The information in the table below relates to our revolving credit facility used to support our commercial paper borrowing program, including remaining available capacity under this facility as of December 31:

| (in millions)                                   |     | Maturity       |     | 2024 |       |
|:------------------------------------------------|:----|:---------------|:----|:-----|------:|
| Revolving credit facility                       |     | September 2026 |     | $    | 500.0 |
| Less:                                           |     |                |     |      |       |
| Letters of credit issued inside credit facility |     |                |     |      |   1.0 |
| Commercial paper outstanding                    |     |                |     |      | 179.9 |
| Available capacity under existing agreement     |     |                |     | $    | 319.1 |

This facility has a renewal provision for two extensions, subject to lender approval. Each extension is for a period of one year.

Our bank back-up credit facility contains customary covenants, including certain limitations on our ability to sell assets. The credit facility also contains customary events of default, including payment defaults, material inaccuracy of representations and warranties, covenant defaults, bankruptcy proceedings, certain judgments, Employee Retirement Income Security Act of 1974 defaults and change of control.

| Wisconsin Electric Power Company |     | B-48 |     | 2024 Annual Financial Statements |

#### NOTE 14—LONG-TERM DEBT
The following table is a summary of our long-term debt outstanding as of December 31:

|                                                 | (in millions) |        | Interest Rate |           | Year Due |   |    2024 |     |   |    2023 |       |
|:------------------------------------------------|:--------------|:-------|:--------------|----------:|:---------|:--|--------:|:----|:--|--------:|------:|
| WE Debentures (unsecured)                       |               | 2.05%  |               |