Company: WELPM
Filing Date: 2025-09-18
Form Type: 424B5
Source: 0001104659-25-091050
Chunk: 34

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-09-18
Form: 424B5
Chunk 34
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 apply;                                                       |

| ● | provisions for electronic issuance of debt securities or for debt securities in uncertificated form; |

| ● | the ranking of the debt securities, including the relative degree, if any, to which the debt securities of a series are subordinated 
 to one or more other series of debt securities in right of payment, whether outstanding or not; and                                  |

| ● | any other terms not inconsistent with the provisions of the indenture, including any covenants or other terms that may be required             
 or advisable under United States or other applicable laws or regulations or advisable in connection with the marketing of the debt securities. 
 (Section 2.01)                                                                                                                                 |

We may issue debt securities of any series as registered
debt securities, bearer debt securities or uncertificated debt securities. (Section 2.01) We may issue the debt securities of any
series in whole or in part in the form of one or more global securities that will be deposited with, or on behalf of, a depositary identified
in the prospectus supplement relating to the series. We may issue global securities in registered, bearer or uncertificated form and in
either temporary or permanent form. Unless and until it is exchanged in whole or in part for securities in definitive form, a global security
may not be transferred except as a whole by the depositary to a nominee or a successor depositary. (Section 2.12) We will describe
in the prospectus supplement relating to any series the specific terms of the depositary arrangement with respect to that series.

Unless otherwise indicated in the applicable prospectus
supplement, we will issue registered debt securities in denominations of $1,000 and whole multiples of $1,000 and bearer debt securities
in denominations of $5,000 and whole multiples of $5,000. We will issue one or more global securities in a denomination or aggregate denominations
equal to the aggregate principal amount of outstanding debt securities of the series to be represented by that global security or securities.
(Section 2.12)

In connection with its original issuance, no bearer
debt security will be offered, sold or delivered to any location in the United States. We may deliver a bearer debt security in definitive
form in connection with its original issuance only if a certificate, in a form we specify to comply with United States laws and regulations,
is presented to us. (Section 2.04)

A holder of debt securities registered with our
registrar may request registration