Company: WELPM
Filing Date: 2025-03-27
Form Type: DEF 14C
Source: 0000107815-25-000155
Chunk: 96

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-03-27
Form: DEF 14C
Chunk 96
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6,461 Normal)  |     |                        | 5,190 |     |      | 5,409 |     |      | 6,369 |     |              | -4.0 | % |     |              | -15.1 | % |
| Cooling (790 Normal)    |     |                        |   831 |     |      |   876 |     |      |   944 |     |              | -5.1 | % |     |              |  -7.2 | % |

(1) Normal degree days are based on a 20-year moving average of monthly temperatures from Mitchell International Airport in Milwaukee, Wisconsin.

| Wisconsin Electric Power Company |     | B-12 |     | 2024 Annual Financial Statements |

#### Gross Margin GAAP and Utility Margin Non-GAAP
The following table summarizes our utility segment gross margin (GAAP) and reconciles gross margin (GAAP) to utility margin (non-GAAP). See "Non-GAAP Financial Measures" above for additional information regarding gross margin (GAAP) and utility margin (non-GAAP).

|                                    |     | Year Ended December 31 |          |     |      |          |     |      |          |     |              |       |     |              |        |
|:-----------------------------------|:----|-----------------------:|---------:|:----|-----:|---------:|:----|-----:|---------:|:----|:-------------|------:|:----|:-------------|-------:|
|                                    |     |                        |          |     |      |          |     |      |          |     | B (W)        |       |     | B (W)        |        |
| (in millions)                      |     |                   2024 |          |     | 2023 |          |     | 2022 |          |     | 2024 vs 2023 |       |     | 2023 vs 2022 |        |
| Electric revenues                  |     |                      $ |  3,536.2 |     |    $ |  3,553.5 |     |    $ |  3,461.8 |     | $            | -17.3 |     | $            |   91.7 |
| Natural gas revenues               |     |                        |    443.7 |     |      |    491.5 |     |      |    608.