Company: WELPM
Filing Date: 2025-09-18
Form Type: 424B5
Source: 0001104659-25-091050
Chunk: 31

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-09-18
Form: 424B5
Chunk 31
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 Energy Group”), was incorporated in the State of Wisconsin in 1896. Our principal executive
offices are located at 231 West Michigan Street, P.O. Box 2046, Milwaukee, Wisconsin, 53201, and our telephone number is (414) 221-2345.

We derive revenues primarily from the distribution
and sale of electricity and natural gas to retail customers in Wisconsin. We also have a steam utility that generates, distributes and
sells steam to customers in metropolitan Milwaukee, Wisconsin. We have combined common functions with Wisconsin Gas LLC, another subsidiary
of WEC Energy Group, and operate under the trade name “We Energies.” We conduct our business primarily through our utility
reportable segment.

<div align='center'>USE OF PROCEEDS</div>

Except as otherwise described in the applicable
prospectus supplement, we intend to use the net proceeds from the sale of our debt securities (a) to fund, or repay short-term debt
incurred to fund, our continuing construction program to provide services to new and existing utility customers in our service area and
to improve and modernize our facilities, (b) to repay and/or refinance debt, (c) for investments, and/or (d) for other
general corporate purposes. Pending disposition, we may temporarily invest any proceeds of the offering not required immediately for the
intended purposes in U.S. governmental securities and other high quality U.S. securities. We expect to borrow money or sell
securities from time to time, but we cannot predict the precise amounts or timing of doing so. For current information, please refer to
our current filings with the SEC. See “WHERE YOU CAN FIND MORE INFORMATION.”

<div align='center'>DESCRIPTION OF DEBT SECURITIES</div>

We will issue any new debt securities, which will
be our direct unsecured general obligations, in one or more series under the indenture between us and U.S. Bank Trust Company, National
Association (as successor to Firstar Trust Company), as trustee, dated as of December 1, 1995, and under a securities resolution,
which may be in the form of a resolution or a supplemental indenture, authorizing the particular series. At March 31, 2024, the aggregate
principal amount of debt securities outstanding under the indenture was approximately $3.3 billion. In addition, on May 14, 2024,
we issued an additional $350 million aggregate amount of debt securities under the indenture