Company: WELPM
Filing Date: 2025-12-02
Form Type: 424B5
Source: 0001104659-25-117538
Chunk: 26

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-12-02
Form: 424B5
Chunk 26
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 Instrument 31-103 Registration
Requirements, Exemptions and Ongoing Registrant Obligations. Any resale of the Debentures must be made in accordance with an exemption
from, or in a transaction not subject to, the prospectus requirements of applicable securities laws.

Securities legislation in certain provinces
or territories of Canada may provide a purchaser with remedies for rescission or damages if this prospectus supplement (including any
amendment thereto) contains a misrepresentation, provided that the remedies for rescission or damages are exercised by the purchaser within
the time limit prescribed by the securities legislation of the purchaser’s province or territory. The purchaser should refer to
any applicable provisions of the securities legislation of the 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 retail client as defined in point (11) of Article  4(1) of Directive 2014/65/EU(as amended or superseded, “MiFID II”);      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.                                                                                                                   |

United Kingdom

The Debentures are not intended to be
offered, sold or otherwise made available