Company: WELPM
Filing Date: 2025-12-03
Form Type: 424B2
Source: 0001104659-25-118058
Chunk: 0

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-12-03
Form: 424B2
Chunk 0
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Filed Pursuant to Rule 424(b)(2)

Registration Statement No. 333-279581

PROSPECTUS SUPPLEMENT

(To Prospectus dated June 5, 2024)

<div align='center'>$300,000,000

WISCONSIN ELECTRIC POWER COMPANY

3.95% Debentures due March 1, 2029</div>

Wisconsin Electric Power Company is offering
$300,000,000 aggregate principal amount of its 3.95% debentures due March 1, 2029 (the “Debentures”). We will pay interest
on the Debentures semi-annually in arrears on March 1 and September 1 of each year, beginning on March 1, 2026. The Debentures
will be issued only in denominations of $2,000 and integral multiples of $1,000 in excess thereof. We may, at our option, redeem some
or all of the Debentures at any time prior to maturity at the redemption prices discussed under the caption “Certain Terms of the
Debentures — Redemption at Our Option.”

The Debentures will be unsecured and
will rank equally with all of our other unsecured and unsubordinated debt and other obligations from time to time outstanding.

Investing in the Debentures involves certain risks. See “Risk Factors” on page S-3 of this prospectus supplement.

We do not
intend to apply for listing of the Debentures on any securities exchange or automated quotation system.

Neither the Securities and Exchange Commission (the “SEC”) nor any state securities commission has approved or disapproved of these securities or determined if this prospectus supplement or the accompanying prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

|                                                  |     | Per Debenture |        |   |     | Total |             |
|:-------------------------------------------------|:----|:--------------|-------:|:--|:----|:------|------------:|
| Public Offering Price(1)                         |     |               | 99.987 | % |     | $     | 299,961,000 |
| Underwriting Discount                            |     |               |  0.350 | % |     | $     |   1,050,000 |
| Proceeds to Wisconsin Electric (before expenses) |     |               | 99.637 | % |     | $     | 298,