Company: WELPM
Filing Date: 2025-12-03
Form Type: 424B2
Source: 0001104659-25-118058
Chunk: 46

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-12-03
Form: 424B2
Chunk 46
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 notify the trustee six months in advance and if
no default occurs or is continuing during the six-month period. If the trustee resigns or is removed or if a vacancy exists in the office
of trustee for any reason, the indenture provides that we must promptly appoint a successor trustee. (Section 7.07) The trustee,
in its individual or any other capacity, may make loans to, accept deposits from, and perform services for us or our affiliates, and may
otherwise deal with us or our affiliates, as if it were not the trustee. (Section 7.02) The trustee is also trustee under the first
mortgage bond indenture and provides services for us and some of our affiliates, including WEC Energy Group, as a depository of funds,
registrar, member of bank groups providing back-up credit facilities and term loans to us and our affiliates, trustee under other indentures
and similar services.

Governing Law

The indenture and the debt securities will be governed
by and construed in accordance with the laws of the State of Wisconsin, except to the extent that the Trust Indenture Act of 1939
is applicable.

<div align='center'>PLAN OF DISTRIBUTION</div>

We may sell the debt securities covered by this
prospectus in any one or more of the following ways from time to time: (a) to or through underwriters or dealers; (b) directly
to one or more purchasers; (c) through agents; (d) through competitive bidding; or (e) any combination of the above. The
prospectus supplement will set forth the terms of the offering of the debt securities being offered thereby, including the name or names
of any underwriters, the purchase price of those debt securities and the proceeds to us from such sale, any underwriting discounts and
other items constituting underwriters’ compensation, any initial public offering price, any discounts or concessions allowed or
reallowed or paid to dealers and any securities exchange on which those debt securities may be listed. Only underwriters so named in the
applicable prospectus supplement are deemed to be underwriters in connection with the debt securities offered thereby.

If underwriters are used in the sale, the debt
securities will be acquired by the underwriters for their own account and may be resold from time to time in one or more transactions,
including negotiated transactions, at a fixed public offering price or at varying prices determined at the time of sale. The obligations
of the