Company: WELPM
Filing Date: 2025-12-02
Form Type: 424B5
Source: 0001104659-25-117538
Chunk: 41

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-12-02
Form: 424B5
Chunk 41
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 all other requirements of the agent. (Section 2.07) As of the date of this prospectus,
we do not expect that the terms of any series of debt securities will permit registered debt securities to be exchanged for bearer debt
securities.

Defaults and Remedies

Unless the securities resolution establishing the
series provides for different events of default, in which event the prospectus supplement will describe the change, an event of default
with respect to a series of debt securities will occur if:

| ● | we default in any payment of interest on any debt securities of that series when the payment becomes due and payable and the default 
 continues for a period of 60 days;                                                                                                   |

| ● | we default in the payment of the principal or premium, if any, of any debt securities of that series when those payments become due 
 and payable at maturity or upon redemption, acceleration or otherwise;                                                              |

| ● | we default in the payment or satisfaction of any sinking fund obligation with respect to any debt securities of that series as required 
 by the securities resolution establishing that series and the default continues for a period of 60 days;                                |

| ● | we default in the performance of any of our other agreements applicable to that series and the default continues for 90 days after 
 the notice specified below;                                                                                                        |

| ● | pursuant to or within the meaning of any bankruptcy law, we: |

| ● | commence a voluntary case, |

| ● | consent to the entry of an order for relief against us in an involuntary case, |

| ● | consent to the appointment of a custodian for us or for all or substantially all of our property, or |

| ● | make a general assignment for the benefit of our creditors; |

| ● | a court of competent jurisdiction enters an order or decree under any bankruptcy law that remains unstayed and in effect for 60 days 
 and that:                                                                                                                            |

| ● | is for relief against us in an involuntary case, |

| ● | appoints a custodian for us or for all or substantially all of our property, or |

| ● | orders us to liquidate; or |

| ● | there occurs any other event of default provided for in that series. (Section 6.01) |

The term “bankruptcy law” means Title 11,
U.S. Code or any similar federal or state law for the relief of debtors. The term “custodian” means any receiver, trustee,
assignee, liquidator or a similar official under