Company: WELPM
Filing Date: 2025-09-19
Form Type: 424B2
Source: 0001104659-25-091569
Chunk: 13

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-09-19
Form: 424B2
Chunk 13
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 is to credit
Direct Participants’ accounts upon DTC’s receipt of funds and corresponding detail information from us or the Trustee on the
relevant payment date in accordance with their respective holdings shown on DTC’s records. Payments by Participants to Beneficial
Owners will be governed by standing instructions and customary practices, as is the case with securities held for the account of customers
registered in “street name,” and will be the responsibility of such Participant and not of DTC or Wisconsin Electric, subject
to any statutory or regulatory requirements as may be in effect from time to time. Payment to Cede & Co. (or such other nominee
as may be requested by an authorized representative of DTC) is the responsibility of Wisconsin Electric, disbursement of such payments
to Direct Participants is the responsibility of DTC, and disbursement of such payments to the Beneficial Owners is the responsibility
of Direct and Indirect Participants.

Except as provided herein, a Beneficial
Owner of a global Debenture will not be entitled to receive physical delivery of a Debenture. Accordingly, each Beneficial Owner must
rely on the procedures of DTC to exercise any rights under the Debentures. The laws of some jurisdictions require that certain purchasers
of securities take physical delivery of securities in definitive form. Such laws may impair the ability to transfer beneficial interests
in a global Debenture.

DTC may discontinue providing its services
as securities depository with respect to the Debentures at any time by giving reasonable notice to us. Under such circumstances, in the
event that a successor securities depository is not obtained, Debenture certificates will be required to be printed and delivered to the
holders of record.

Additionally, we may decide to discontinue use of the system
of book-entry transfers through DTC (or a successor securities depository) with respect to the Debentures. We understand, however, that
under current industry practices, DTC would notify its Direct and Indirect Participants of our decision, but will only withdraw beneficial
interests from a global Debenture at the request of each Direct or Indirect Participant. In that event, certificates for the Debentures
will be printed and delivered to the applicable Direct or Indirect Participant.

The information in this section concerning
DTC and DTC’s book-entry system has been obtained from sources that we believe to be reliable, but neither we nor any underwriter
takes any responsibility for the accuracy thereof. Neither we nor any underwriter has any