Company: WELPM
Filing Date: 2025-12-03
Form Type: 424B2
Source: 0001104659-25-118058
Chunk: 13

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-12-03
Form: 424B2
Chunk 13
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 through or maintain a custodial relationship with a Direct
Participant, either directly or indirectly (“Indirect Participants”). The DTC Rules applicable to its Participants
are on file with the SEC. More information about DTC can be found at www.dtcc.com. The contents of such website do not
constitute part of this prospectus supplement or the accompanying prospectus.

Purchases of the Debentures under the
DTC system must be made by or through Direct Participants, which will receive a credit for the Debentures on DTC’s records. The
ownership interest of each actual purchaser of each Debenture (“Beneficial Owner”) is in turn to be recorded on the Direct
and Indirect Participants’ records. Beneficial Owners will not receive written confirmation from DTC of their purchases. Beneficial
Owners, however, are expected to receive written confirmations providing details of the transactions, as well as periodic statements of
their holdings, from the Direct or Indirect Participants through which the Beneficial Owners purchased Debentures.

<div align='center'>S-7</div>

Transfers of ownership interests in the Debentures are to
be accomplished by entries made on the books of Direct and Indirect Participants acting on behalf of Beneficial Owners. Beneficial Owners
will not receive certificates representing their ownership interests in the Debentures, except in the event that use of the book-entry
system for the Debentures is discontinued.

To facilitate subsequent transfers, all
Debentures deposited by Direct Participants with DTC are registered in the name of DTC’s partnership nominee, Cede & Co.,
or such other name as may be requested by an authorized representative of DTC. The deposit of the Debentures with DTC and their registration
in the name of Cede & Co. or such other DTC nominee do not effect any changes in beneficial ownership. DTC has no knowledge of
the actual Beneficial Owners of the Debentures. DTC’s records reflect only the identity of the Direct Participants to whose accounts
such Debentures are credited, which may or may not be the Beneficial Owners. The Direct and Indirect Participants will remain responsible
for keeping account of their holdings on behalf of their customers.

Conveyance of notices and other communications
by DTC to Direct Participants, by Direct Participants to Indirect Participants, and by Direct Participants and Indirect Participants to
Beneficial Owners will be governed by arrangements among them, subject to any statutory or regulatory requirements as may