Company: WELPM
Filing Date: 2025-12-02
Form Type: 424B5
Source: 0001104659-25-117538
Chunk: 42

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-12-02
Form: 424B5
Chunk 42
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 any bankruptcy law. (Section 6.01)

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A default under the indenture means any event which
is, or after notice, passage of time, or both, would be, an event of default under the indenture. (Section 1.01) A default under
the fourth bullet point above is not an event of default until the trustee or the holders of at least 25% in principal amount of the series
notify us of the default and we do not cure the default within the time specified after receipt of the notice. (Section 6.01)

If an event of default occurs under the indenture
and is continuing with respect to a series, the trustee by notice to us, or the holders of at least 25% in principal amount of that series
by notice both to us and to the trustee, may declare the principal of and accrued interest on all the debt securities of that series to
be due and payable immediately. Discounted debt securities may provide that the amount of principal due upon acceleration is less than
the stated principal amount. (Section 6.02)

The holders of a majority in principal amount of
a series of debt securities, by notice to the trustee, may rescind an acceleration and its consequences if the rescission would not conflict
with any judgment or decree and if all existing events of default on that series have been cured or waived except nonpayment of principal
or interest that has become due solely because of the acceleration. (Section 6.02)

If an event of default occurs and is continuing
on a series, the trustee may pursue any available remedy to collect principal or interest then due on that series, to enforce the performance
of any provision applicable to that series or otherwise to protect the rights of the trustee and holders of that series. (Section 6.03)

The trustee may require indemnity satisfactory
to it before it performs any duty or exercises any right or power under the indenture or the debt securities which it reasonably believes
may expose it to any loss, liability or expense. (Section 7.01) With some limitations, holders of a majority in principal amount
of the debt securities of a series may direct the trustee in its exercise of any trust or power with respect to that series. (Section 6.05)
Except in the case of default in payment on a series, the trustee may withhold notice of any continuing default if it in good faith determines
that withholding the notice is in