Company: WELPM
Filing Date: 2025-03-27
Form Type: DEF 14C
Source: 0000107815-25-000155
Chunk: 162

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-03-27
Form: DEF 14C
Chunk 162
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 will materially affect our operations or limit any dividend payments in the foreseeable future.

#### NOTE 12—PREFERRED STOCK
The following table shows preferred stock authorized and outstanding at December 31, 2024 and 2023:

| (in millions, except share and per share amounts)   |     | Shares Authorized |           |     | Shares Outstanding |         |     | Redemption Price Per Share |     |     | Total |      |
|:----------------------------------------------------|:----|:------------------|----------:|:----|:-------------------|--------:|:----|:---------------------------|----:|:----|:------|-----:|
| $100 par value, Six Per Cent. Preferred Stock       |     |                   |    45,000 |     |                    |  44,498 |     | $                          |   — |     | $     |  4.4 |
| $100 par value, Serial Preferred Stock 3.60% Series |     |                   | 2,286,500 |     |                    | 260,000 |     |                            | 101 |     |       | 26.0 |
| $25 par value, Serial Preferred Stock               |     |                   | 5,000,000 |     |                    |       — |     |                            |   — |     |       |    — |
| Total                                               |     |                   |           |     |                    |         |     |                            |     |     | $     | 30.4 |

| Wisconsin Electric Power Company |     | B-47 |     | 2024 Annual Financial Statements |

#### NOTE 13—SHORT-TERM DEBT AND LINES OF CREDIT
The following table shows our short-term borrowings and their corresponding weighted-average interest rates as of December 31:

| (in millions, except percentages)                           
 Commercial paper                                            |     | 2024 |       |   |     | 2023 |       |   |
|:------------------------------------------------------------|:----|:-----|------:|:--|:----|:-----|------:|:--|
| Amount outstanding at December 31                           |     | $    | 179.9 |   |     | $    | 360.8 |   |
| Average interest rate on amounts outstanding at December 31 |     |      |  4.63 | % |     |      |  5.48 | % |

Our average amount of commercial paper borrowings