Company: WELPM
Filing Date: 2025-09-19
Form Type: 424B2
Source: 0001104659-25-091569
Chunk: 19

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-09-19
Form: 424B2
Chunk 19
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 claim the exemption
from the withholding tax on interest described above will satisfy the certification requirements necessary to avoid the backup withholding
tax as well. The amount of any backup withholding from a payment to a Non-United States Holder may be allowed as a credit against the
Non-United States Holder’s United States federal income tax liability or may entitle the Non-United States Holder to a refund, provided
that the required information is furnished to the IRS in a timely manner.

<div align='center'>S-11</div>

FATCA Withholding

Under FATCA and additional guidance issued
by the IRS, a United States federal withholding tax of 30% generally will apply to interest on a debt obligation paid to (i) a “foreign
financial institution” (as specifically defined in the Code), whether such foreign financial institution is the beneficial owner
or an intermediary, unless such institution enters into an agreement with the United States government to collect and provide to the United
States tax authorities substantial information regarding United States account holders of such institution (which would include certain
equity and debt holders of such institution, as well as certain account holders that are foreign entities with United States owners),
or (ii) a foreign entity that is a “non-financial foreign institution” (as specifically defined in the Code), whether
such non-financial foreign entity is the beneficial owner or an intermediary, unless such non-financial foreign entity provides the withholding
agent with a certification that the beneficial owner of the payment does not have any substantial United States owners or provides the
name, address and taxpayer identification number of each substantial United States owner of the entity, which generally includes any United
States Person who directly or indirectly owns more than 10% of the entity, and certain other specified requirements are met. Certain Non-United
States Holders located in a jurisdiction with an intergovernmental agreement with the United States governing FATCA may be subject to
different rules. We will not be obligated to pay any additional amounts to “gross up” payments to holders as a result of any
withholding or deduction for such taxes. If an interest payment is both subject to withholding under FATCA and subject to the withholding
tax discussed above under “—Interest”, the withholding under FATCA may be credited against, and therefore reduce, such
other withholding tax. Non-United States Holders of the Debentures are encouraged to consult with their tax advisors regarding the possible
implications of these withholding requirements on their investment in the Debentures.

Persons