Company: WELPM
Filing Date: 2025-12-02
Form Type: 424B5
Source: 0001104659-25-117538
Chunk: 23

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-12-02
Form: 424B5
Chunk 23
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Specifically, the underwriters may over-allot in connection with the offering, creating a short position in the Debentures for their own
account. In addition, to cover over-allotments or to stabilize the price of the Debentures, the underwriters may bid for, and purchase,
Debentures on the open market. Short sales involve the sale by the underwriters of a greater number of Debentures than they are required
to purchase in the offering. Stabilizing transactions consist of certain bids or purchases made for the purpose of preventing or retarding
a decline in the market price of the Debentures while the offering is in progress. Finally, the underwriters may reclaim selling concessions
allowed to an underwriter or a dealer for distributing the Debentures in the offering, if the underwriters repurchase previously distributed
Debentures in transactions to cover syndicate short positions, in stabilization transactions or otherwise. Any of these activities may
stabilize or maintain the market price of the Debentures above independent market levels. The underwriters are not required to engage
in these activities and may end any of these activities at any time. These transactions may be effected in the over-the- counter market
or otherwise.

<div align='center'>S-13</div>

The underwriters also may impose a penalty
bid. This occurs when a particular underwriter repays to the underwriters a portion of the underwriting discount received by it because
the representatives have repurchased Debentures sold by or for the account of such underwriter in stabilizing or short covering transactions.

The Debentures are a new issue of debt
securities with no established trading market. We have been advised by the underwriters that they intend to make a market in the Debentures,
but they are not obligated to do so and may discontinue market making at any time without notice. We cannot assure you as to the liquidity
of the trading market for the Debentures.

We estimate that our total expenses for
this offering, not including the underwriting discount, will be approximately $930,000.

We expect to deliver the Debentures against
payment for the Debentures on or about the date specified in the last paragraph on the cover page of this prospectus supplement, which
will be the business day following the date of the pricing of the Debentures (this settlement cycle
being referred to as “T+ ”). Under Rule 15c6-1 under the