Company: WELPM
Filing Date: 2025-12-03
Form Type: 424B2
Source: 0001104659-25-118058
Chunk: 20

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-12-03
Form: 424B2
Chunk 20
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may be offset by certain United States source capital losses).

To the extent the amount realized on
a sale, exchange, redemption or other taxable disposition of the Debentures is attributable to accrued but unpaid interest on the Debentures,
such amount generally will be subject to, or exempt from, tax to the same extent as described under “—Interest” above.

Information Reporting and Backup Withholding

Information returns will be filed annually
with the IRS in connection with our payment of interest on the Debentures. Copies of these information returns may also be made available
under the provisions of a specific tax treaty or other agreement to the tax authorities of the country in which the Non-United
States Holder resides. Unless the Non-United States Holder complies with certification procedures to establish that it is not a United
States Person, information returns may be filed with the IRS in connection with the proceeds from a sale or other disposition (including
a retirement or redemption) of the Debentures, and the Non-United States Holder may be subject to backup withholding tax (currently at
a rate of 24%) on payments of interest on the Debentures or on the proceeds from a sale or other disposition (including a retirement or
redemption) of the Debentures. The certification procedures required to claim the exemption from the withholding tax on interest described
above will generally 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.

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FATCA Withholding

Pursuant to Sections 1471 through 1474
of the Code, commonly known as “FATCA,” and additional guidance issued by the IRS, a United States federal withholding tax
of 30% generally will apply to interest on a Debenture paid to (1) 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