Company: WELPM
Filing Date: 2025-03-27
Form Type: DEF 14C
Source: 0000107815-25-000155
Chunk: 148

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-03-27
Form: DEF 14C
Chunk 148
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   |  2.5 |     |   |  2.5 |
| Alternative revenues(1)        |               |                        |  0.9 |     |   |  0.3 |     |   |  0.2 |
| Total other operating revenues |               | $                      | 14.8 |     | $ | 15.0 |     | $ | 14.8 |

(1) For more information about our alternative revenues, see Note 1(d), Operating Revenues.

#### NOTE 6—CREDIT LOSSES
The table below shows our gross third-party receivable balances and related allowance for credit losses.

|                                                                                       | (in millions) |   | December 31, 2024 |   |     |   | December 31, 2023 |   |
|:--------------------------------------------------------------------------------------|:--------------|:--|------------------:|:--|:----|:--|------------------:|:--|
| Accounts receivable and unbilled revenues                                             |               | $ |             648.1 |   |     | $ |             617.5 |   |
| Allowance for credit losses                                                           |               |   |              46.9 |   |     |   |              44.5 |   |
| Accounts receivable and unbilled revenues, net(1)                                     |               | $ |             601.2 |   |     | $ |             573.0 |   |
| Total accounts receivable, net – past due greater than 90 days(1)                     |               | $ |              38.2 |   |     | $ |              37.2 |   |
| Past due greater than 90 days – collection risk mitigated by regulatory mechanisms(1) |               |   |              93.8 | % |     |   |              94.1 | % |

(1) Our exposure to credit losses for certain regulated utility customers is mitigated by a regulatory mechanism we have in place. Specifically, our residential tariffs include a mechanism for cost recovery or refund of uncollectible expense based on the difference between actual uncollectible write-offs and the amounts recovered in rates. As a result, at December 31, 2024, $348.4 million, or 58.0%, of our net accounts receivable and unbilled revenues balance had regulatory protections in place to mitigate the exposure to credit losses.

| Wisconsin Electric Power