Company: WELPM
Filing Date: 2025-03-27
Form Type: DEF 14C
Source: 0000107815-25-000155
Chunk: 192

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-03-27
Form: DEF 14C
Chunk 192
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 generated by renewable resources annually. We have achieved our required renewable energy percentage of 8.27% by constructing various wind parks, a solar park, a biomass facility, and by also relying on renewable energy purchases. We continue to review our renewable energy portfolio and acquire cost-effective renewables as needed to meet our requirements on an ongoing basis. The PSCW administers the renewable program related to Act 141, and we fund the program, along with other utilities, based on 1.2% of our annual retail operating revenues.

#### Enforcement and Litigation Matters
We are involved in legal and administrative proceedings before various courts and agencies with respect to matters arising in the ordinary course of business. Although we are unable to predict the outcome of these matters, management believes that appropriate reserves have been established and that final settlement of these actions will not have a material impact on our financial condition or results of operations.

#### NOTE 23—SUPPLEMENTAL CASH FLOW INFORMATION
Non-Cash Transactions

|                                                            | (in millions) | Year Ended December 31 |  2024 |     |   |  2023 |     |   |  2022 |
|:-----------------------------------------------------------|:--------------|:-----------------------|------:|:----|:--|------:|:----|:--|------:|
| Cash paid for interest, net of amount capitalized          |               | $                      | 474.9 |     | $ | 463.8 |     | $ | 449.2 |
| Cash paid for income taxes, net(1)                         |               |                        |  64.3 |     |   |  99.1 |     |   |  88.0 |
| Significant non-cash investing and financing transactions: |               |                        |       |     |   |       |     |   |       |
| Accounts payable related to construction costs             |               |                        | 178.4 |     |   |  71.8 |     |   |  89.1 |
| Liabilities accrued for software licensing agreement       |               |                        |     — |     |   |     — |     |   |   3.1 |

(1) Cash paid for income taxes in 2024 and 2023 was net of $18.8 million and $4.9 million, respectively, related to 2023 and 2024 PTCs that were sold to third parties.

#### Restricted Cash
The statements