Company: WELPM
Filing Date: 2025-12-02
Form Type: 424B5
Source: 0001104659-25-117538
Chunk: 24

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-12-02
Form: 424B5
Chunk 24
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 Exchange Act, trades in the secondary market generally
are required to settle in one business day, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who
wish to trade Debentures on the date of pricing or the next succeeding business day(s)
will be required, by virtue of the fact that the Debentures initially will settle in T+ , to specify
alternate settlement arrangements to prevent a failed settlement. Purchasers of the Debentures who wish to trade the Debentures on the
date of pricing or the next succeeding business day(s) should consult their own advisors.

The underwriters and their respective
affiliates are full service financial institutions engaged in various activities, which may include securities trading, commercial and
investment banking, financial advisory, investment management, principal investment, hedging, financing and brokerage activities. In the
ordinary course of their respective businesses, certain of the underwriters and their affiliates have provided, currently provide and
may in the future provide, investment banking, commercial banking, advisory and other services for us and our affiliates, for which they
received and will receive customary fees and expenses. Affiliates of each of the book-running managers are lenders under our existing
$800 million revolving credit facility.

In the ordinary course of their
various business activities, the underwriters and their respective affiliates may make or hold a broad array of investments,
including serving as counterparties to certain derivative hedging arrangements, and actively trade debt and equity securities (or
related derivative securities) and financial instruments (including bank loans) for their own account and for the accounts of their
customers. Such investment and securities activities may involve securities and instruments of Wisconsin Electric and its
affiliates. Certain of the underwriters or their respective affiliates that have a lending relationship with us routinely hedge, and
certain other of those underwriters or their respective affiliates may hedge, their credit exposure to us consistent with their
customary risk management policies. Typically, such underwriters and their affiliates would hedge such exposure by entering into
transactions which consist of either the purchase of credit default swaps or the creation of short positions in our securities,
including potentially the Debentures offered hereby. Any such credit default swaps or short positions could adversely affect future
trading prices of the Debentures offered hereby. The underwriters and their affiliates may also make investment recommendations
and/or publish or express independent research views in respect of such securities or financial instruments and may hold, or
recommend to clients that they acquire, long