Company: WELPM
Filing Date: 2025-09-18
Form Type: 424B5
Source: 0001104659-25-091050
Chunk: 33

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-09-18
Form: 424B5
Chunk 33
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 Company), as trustee, which we refer to in this prospectus as the first mortgage
bond indenture, under which we may issue first mortgage bonds. See “Certain Covenants” below for additional information.

Unless we say otherwise in the applicable prospectus
supplement, we may redeem the debt securities for cash.

Terms

A prospectus supplement and a securities resolution
relating to the offering of any new series of debt securities will include specific terms relating to the offering. The terms will include
some or all of the following:

| ● | the designation, aggregate principal amount, currency or composite currency and denominations of the debt securities; |

| ● | the price at which the debt securities will be issued and, if an index, formula or other method is used, the method for determining 
 amounts of principal or interest;                                                                                                   |

| ● | the maturity date and other dates, if any, on which the principal of the debt securities will be payable; |

| ● | the interest rate or rates, if any, or method of calculating the interest rate or rates, which the debt securities will bear; |

| ● | the date or dates from which interest will accrue and on which interest will be payable and the record dates for the payment of interest; |

| ● | the manner of paying principal and interest on the debt securities; |

| ● | the place or places where principal and interest will be payable; |

| ● | the terms of any mandatory or optional redemption of the debt securities by us, including any sinking fund; |

| ● | the terms of any redemption of debt securities at the option of holders; |

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| ● | any tax indemnity provisions; |

| ● | if payments of principal or interest may be made in a currency other than U.S. dollars, the manner for determining those payments; |

| ● | the portion of principal payable upon acceleration of any discounted debt security (as described below); |

| ● | whether and upon what terms debt securities may be defeased (which means that we would be discharged from our obligations by depositing 
 sufficient cash or government securities to pay the principal, interest, any premiums and other sums due to the stated maturity date or 
 a redemption date of the debt securities of the series);                                                                                |

| ● | whether the covenant referred to below under “Limitations on Liens” applies and whether any events of default or covenants 
 in addition to or instead of those set forth in the indenture