Company: WELPM
Filing Date: 2025-12-02
Form Type: 424B5
Source: 0001104659-25-117538
Chunk: 14

Company: WISCONSIN ELECTRIC POWER CO
Filing Date: 2025-12-02
Form: 424B5
Chunk 14
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 practice is to determine by lot the amount of the interest of each Direct
Participant in such Debentures to be redeemed.

Neither DTC nor Cede & Co. (nor
any other DTC nominee) will consent or vote with respect to the Debentures unless authorized by a Direct Participant in accordance
with DTC’s procedures. Under its usual procedures, DTC mails an Omnibus Proxy to us as soon as possible after the record date.
The Omnibus Proxy assigns Cede & Co.’s consenting or voting rights to those Direct Participants to whose accounts the
Debentures are credited on the record date (identified in a listing attached to the Omnibus Proxy).

Payments on the Debentures will be
made to Cede & Co., or such other nominee as may be requested by an authorized representative of DTC. DTC’s practice 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