Company: WELPM
Filing Date: 2025-03-27
Form Type: DEF 14C
Source: 0000107815-25-000155
Chunk: 56

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-03-27
Form: DEF 14C
Chunk 56
---
     |   |
| Michael Hooper(2)           |     | WEC Energy Group Plan |     |       |                                     |     |         — |                                         |     |       — |                                   |     | — |
| SERP                        |     |                       |     |     — |                                     |     |         — |                                         |     |       — |                                   |     |   |
| Individual Letter Agreement |     |                       |     |     — |                                     |     |         — |                                         |     |       — |                                   |     |   |
| Robert M. Garvin            |     | WEC Energy Group Plan |     |       |                                     |     |     13.67 |                                         |     | 328,126 |                                   |     | — |
| SERP                        |     |                       |     | 13.67 |                                     |     |   756,623 |                                         |     |       — |                                   |     |   |
| Individual Letter Agreement |     |                       |     | 13.67 |                                     |     |    99,706 |                                         |     |       — |                                   |     |   |

(1) Years of service are computed as of December 31, 2024, the pension plan measurement date used for financial statement reporting purposes.

(2) Mr. Hooper and Mmes. Liu and Kelsey are not eligible to receive pension benefits under the WEC Energy Group Plan.

(3) The key assumptions used in calculating the actuarial present values reflected in this column are:

• Earliest projected unreduced retirement age based upon projected service:

◦ For Mr. Lauber, age 60.

◦ For Mr. Garvin, age 58.42.

• Discount rate of 5.70%.

• Cash balance interest crediting rate of 5.00%.

• Form of payment:

◦ Mr. Lauber: WEC Energy Group Plan 60% lump sum / 40% life annuity; SERP - Ten Year Annual Installment

◦ Mr. Garvin: WEC Energy Group Plan 60% lump sum / 40% life annuity; SERP and ILA - Five Annual Installments.

• Mortality Table for life annuity - Pri-2012/Male/White Collar as published by the Society of Actuaries with modified MP2020 projection.

### RETIREMENT PLANS
WEC Energy Group maintains four different plans providing for retirement payments and benefits for the NEO