Company: WELPM
Filing Date: 2025-12-03
Form Type: 424B2
Source: 0001104659-25-118058
Chunk: 14

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-12-03
Form: 424B2
Chunk 14
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 be in effect
from time to time.

Redemption notices will be sent to DTC.
If less than all the Debentures are being redeemed, DTC’s practice is to determine by lot the amount of the interest of each Direct
Participant in such Debentures to be redeemed.

Neither
DTC nor Cede & Co. (nor any other DTC nominee) will consent or vote with respect to the Debentures unless authorized by a
Direct Participant in accordance with DTC’s procedures. Under its usual procedures, DTC mails an Omnibus Proxy to us as soon
as possible after the record date. The Omnibus Proxy assigns Cede & Co.’s consenting or voting rights to those Direct
Participants to whose accounts the Debentures are credited on the record date (identified in a listing attached to the Omnibus
Proxy).

Payments
on the Debentures will be made to Cede & Co., or such other nominee as may be requested by an authorized representative of
DTC. DTC’s practice is to credit Direct Participants’ accounts upon DTC’s receipt of funds and corresponding
detail information from us or the Trustee on the relevant payment date in accordance with their respective holdings shown on
DTC’s records. Payments by Participants to Beneficial Owners will be governed by standing instructions and customary
practices, as is the case with securities held for the account of customers registered in “street name,” and will be the
responsibility of such Participant and not of DTC or Wisconsin Electric, subject to any statutory or regulatory requirements as may
be in effect from time to time. Payment to Cede & Co. (or such other nominee as may be requested by an authorized
representative of DTC) is the responsibility of Wisconsin Electric, disbursement of such payments to Direct Participants is the
responsibility of DTC, and disbursement of such payments to the Beneficial Owners is the responsibility of Direct and Indirect
Participants.

Except as provided herein, a Beneficial
Owner of a global Debenture will not be entitled to receive physical delivery of a Debenture. Accordingly, each Beneficial Owner must
rely on the procedures of DTC to exercise any rights under the Debentures. The laws of some jurisdictions require that certain purchasers
of securities take physical delivery of securities in definitive form. Such laws may impair the ability to transfer beneficial interests
in a global Debenture.

DTC
may discontinue providing its services as securities depository with respect to the