Company: WELPM
Filing Date: 2025-09-18
Form Type: 424B5
Source: 0001104659-25-091050
Chunk: 17

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-09-18
Form: 424B5
Chunk 17
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 similar form), under penalties of perjury, that it is not a United States Person or (y) a securities clearing organization
or certain other financial institutions holding the Debentures on behalf of the Non-United States Holder certifies on IRS Form W-8IMY,
under penalties of perjury, that such certification has been received by it and furnishes us or our paying agent with a copy thereof.
In addition, we or our paying agent must not have actual knowledge or reason to know that the beneficial owner of the Debentures is a
United States Person.

<div align='center'>S-10</div>

If interest on the Debentures is not
effectively connected with the conduct by the Non-United States Holder of a trade or business within the United States, but such Non-United
States Holder does not satisfy the other requirements outlined in the preceding paragraph, interest on the Debentures generally will
be subject to United States withholding tax at a 30% rate (or a lower applicable treaty rate).

If interest on the Debentures is effectively
connected with the conduct by a Non-United States Holder of a trade or business within the United States, and, if certain tax treaties
apply, is attributable to a permanent establishment or fixed base within the United States, the Non-United States Holder generally
will be subject to United States federal income tax on a net income basis at the rate applicable to United States Persons generally (and,
with respect to corporate Non-United States Holders, may also be subject to a 30% branch profits tax (or a lower applicable treaty
branch profits tax rate)). If interest on the Debentures is effectively connected with the conduct by a Non-United States Holder of a
trade or business within the United States, such interest payments will not be subject to United States withholding tax if the Non-United
States Holder provides us or our paying agent with the appropriate documentation (generally an IRS Form W-8ECI).

Sale or Other Taxable Disposition of the Debentures

Subject to the “—Information
Reporting and Backup Withholding” summary below, a Non-United States Holder generally will not be subject to United States federal
withholding tax with respect to gain, if any, recognized on the sale or other taxable disposition of the Debentures. A Non-United States
Holder will also generally not be subject to United States federal income tax with respect to such gain, unless (i) the gain is effectively
connected with