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

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-09-18
Form: 424B5
Chunk 25
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 purchaser’s province or territory for particulars of these rights
or consult with a legal advisor.

Pursuant to section 3A.3 of National
Instrument 33-105 Underwriting Conflicts (“NI 33-105”), the underwriters are not required to comply with
the disclosure requirements of NI 33-105 regarding underwriter conflicts of interest in connection with this offering.

European Economic Area

The Debentures are not intended to be
offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the
European Economic Area. For the purposes of this provision:

| (a) | the expression “retail investor” means a person who is one (or more) of the following: (i) a retail client as defined        
 in point (11) of Article  4(1) of Directive 2014/65/EU(as amended or superseded, “MiFID II”); (ii) a customer                
 within the meaning of Directive (EU) 2016/97 (as amended, the “Insurance Distribution Directive”), where that customer would 
 not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified          
 investor as defined in Regulation (EU) 2017/1129; and                                                                        |

| (b) | the expression “offer” includes the communication in any form and by any means of sufficient information on the terms            
 of the offer and the Debentures to be offered so as to enable an investor to decide to purchase or subscribe for the Debentures. |

<div align='center'>S-15</div>

United Kingdom

The Debentures are not intended to be
offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the
United Kingdom (the “UK”). For the purposes of this provision:

| (a) | the expression “retail investor” means a person who is one (or more) of the following: (i) a retail client, as defined                 
 in point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms part of domestic law by virtue of the European Union (Withdrawal) 
 Act 2018, (“EUWA”); (ii) a customer within the meaning of the provisions of the Financial Services and Markets Act 200