Company: WELPM
Filing Date: 2025-12-02
Form Type: 424B5
Source: 0001104659-25-117538
Chunk: 15

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-12-02
Form: 424B5
Chunk 15
---
 required to be
printed and delivered to the holders of record. Additionally, we may decide to discontinue use of the system of book-entry transfers
through DTC (or a successor securities depository) with respect to the Debentures. We understand, however, that under current
industry practices, DTC would notify its Direct and Indirect Participants of our decision, but will only withdraw beneficial
interests from a global Debenture at the request of each Direct or Indirect Participant. In that event, certificates for the
Debentures will be printed and delivered to the applicable Direct or Indirect Participant.

The information in this section concerning
DTC and DTC’s book-entry system has been obtained from sources that we believe to be reliable, but neither we nor any underwriter
takes any responsibility for the accuracy thereof. Neither we nor any underwriter has any responsibility for the performance by DTC or
its Direct or Indirect Participants of their respective obligations as described 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