Company: WELPM
Filing Date: 2025-12-02
Form Type: 424B5
Source: 0001104659-25-117538
Chunk: 22

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-12-02
Form: 424B5
Chunk 22
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,
and we have agreed to sell to them, severally, the principal amount of the Debentures indicated in the following table:

| Underwriter                   |     | Principal Amount 
 of Debentures    |
|:------------------------------|:----|:-----------------|
| BMO Capital Markets Corp.     |     | $                |
| Citigroup Global Markets Inc. |     |                  |
| KeyBanc Capital Markets Inc.  |     |                  |
| Penserra Securities LLC       |     |                  |
| Total                         |     | $                |

The underwriters are offering the Debentures
subject to their acceptance of the Debentures from us and subject to prior sale. The underwriting agreement provides that the obligations
of the several underwriters to pay for and accept delivery of the Debentures offered by this prospectus supplement are subject to the
approval of certain legal matters by their counsel and to certain other conditions. The underwriters are obligated to take and pay for
all of the Debentures offered by this prospectus supplement if any are taken.

Debentures sold by the underwriters to
the public will initially be offered at the initial public offering price set forth on the cover page of this prospectus supplement. Any
Debentures sold by the underwriters to securities dealers may be sold at a discount from the initial public offering price of up to
% of the principal amount of the Debentures. Any such securities dealers may resell any Debentures purchased from the underwriters to
certain other brokers or dealers at a discount from the initial public offering price of up to % of
the principal amount of the Debentures. After the initial public offering of the Debentures, the offering price and other selling terms
may from time to time be varied by the representatives. The offering of the Debentures by the underwriters is subject to receipt and acceptance
and subject to the underwriters’ right to reject any order in whole or in part.

The following table shows the underwriting
discount that we are to pay to the underwriters in connection with this offering (expressed as a percentage of the principal amount of
the Debentures).

|               |     | Paid by            
 Wisconsin Electric |     |   |
| Per Debenture |     |                    |     | % |

In order to facilitate the offering of
the Debentures, the underwriters may engage in transactions that stabilize, maintain or otherwise affect the price of the Debentures