Amended and Restated Effective as of July 22, 2010

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TABLE OF CONTENTS

ARTICLE 1 Definitions
.........................................................................................................................................................................1

1.1. "Base Annual Salary"
..............................................................................................................................1

1.2. "Beneficiary"
...........................................................................................................................................1

1.3. "Beneficiary Designation Form"
...............................................................................................................1

1.4. "Benefit Factor"
.......................................................................................................................................1

1.5. "Board"
...................................................................................................................................................2

1.6. "Claimant"
...............................................................................................................................................2

1.7. "Code"
....................................................................................................................................................2

1.8. "Committee"
............................................................................................................................................2

1.9. "Company"
..............................................................................................................................................2

1.10. "Employee"
............................................................................................................................................2

1.11. "Employer(s)"
........................................................................................................................................2

1.12. "ERISA"
...............................................................................................................................................2

1.13. "Final Salary"
........................................................................................................................................2

1.14. "Participant"
..........................................................................................................................................2

1.15. "Participation Agreement"
......................................................................................................................2

1.16. "Plan"
....................................................................................................................................................3

1.17. "Retirement", "Retire(s)" or "Retired"
.....................................................................................................3

1.18. "Tax Factor"
.........................................................................................................................................3

ARTICLE 2 Selection, Enrollment, Eligibility
.....................................................................................................................3

2.1. Selection by Committee
..........................................................................................................................3

2.2. Enrollment Requirements
.........................................................................................................................3

2.3. Eligibility; Commencement of Participation
..............................................................................................3

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2.4. Termination of Participation
.....................................................................................................................3

ARTICLE 3 Benefits
.........................................................................................................................................................4

3.1. Death during Employment or after Retirement
..........................................................................................4

3.2. Payment of Benefits
................................................................................................................................5

3.3. Termination of Right to Benefits
...............................................................................................................5

3.4. Certain Limitations
..................................................................................................................................5

ARTICLE 4 Beneficiary Designation
.................................................................................................................................5

4.1. Designation of Beneficiary; Change of Beneficiary Designation
.................................................................5

4.2. Acknowledgment
....................................................................................................................................5

4.3. No Beneficiary Designation
.....................................................................................................................5

4.4. Doubt as to Beneficiary
...........................................................................................................................6

4.5. Discharge of Obligations
.........................................................................................................................6

4.6. Effect of Divorce
.....................................................................................................................................6

ARTICLE 5 Termination, Amendment or Modification
.......................................................................................................6

5.1. Termination
.............................................................................................................................................6

5.2. Amendment
............................................................................................................................................6

ARTICLE 6 Administration
...............................................................................................................................................7

6.1. Committee Duties
...................................................................................................................................7

6.2. Agents
...................................................................................................................................................7

6.3. Binding Effect of Decisions
....................................................................................................................7

6.4. Indemnity of Committee
.........................................................................................................................7

6.5. Employer Information
.............................................................................................................................7

ARTICLE 7 Other Benefits and Agreements
.....................................................................................................................7

7.1. Coordination with Other Benefits
............................................................................................................7

ARTICLE 8 Claims Procedures
........................................................................................................................................8

3

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8.1. Presentation of Claim
..............................................................................................................................8

8.2. Decision on Initial Claim
.........................................................................................................................8

8.3. Right to Review
......................................................................................................................................8

8.4. Decision on Review
................................................................................................................................9

8.5. Form of Notice and Decision
..................................................................................................................9

8.6. Legal Action
...........................................................................................................................................10

ARTICLE 9 Miscellaneous
...............................................................................................................................................10

9.1. Status of Plan
.........................................................................................................................................10

9.2. Unsecured General Creditor
...................................................................................................................10

9.3. Employer's Liability
...............................................................................................................................10

9.4. Nonassignability
.....................................................................................................................................10

9.5. Not a Contract of Employment
................................................................................................................10

9.6. Furnishing Information
............................................................................................................................11

9.7. Terms
.....................................................................................................................................................11

9.8. Captions
.................................................................................................................................................11

9.9. Governing Law
.......................................................................................................................................11

9.10. Notice
...................................................................................................................................................11

9.11. Successors
............................................................................................................................................11

9.12. Spouse's Interest
....................................................................................................................................11

9.13. Validity
..................................................................................................................................................11

9.14. Incompetent
...........................................................................................................................................12

9.15. Court Order
...........................................................................................................................................12

9.16. Insurance
..............................................................................................................................................12

APPENDIX A
...................................................................................................................................................................13

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WISCONSIN ENERGY CORPORATION
DEATH BENEFIT ONLY PLAN

Amended and Restated Effective as of July 22, 2010

Purpose

The Wisconsin Energy Corporation Death Benefit Only Plan (the "Plan") was
established effective May 1, 2003 to provide selected employees of Wisconsin
Energy Corporation, a Wisconsin corporation, and its subsidiaries, if any, that
sponsor this Plan, with an employment benefit similar to term life insurance, as
an alternative arrangement to a split-dollar life insurance program. The Plan
was amended and restated effective as of December 3, 2009. The Plan is hereby
further amended and restated effective as of July 22, 2010.

ARTICLE 1
Definitions

For the purposes of this Plan, unless otherwise clearly apparent from the
context, the following phrases or terms shall have the following indicated
meanings:

1.1.       "Base Annual Salary" shall mean the Participant's base salary, i.e.,
the amount of cash compensation payable by the Employer to the Participant
relating to services performed during the related calendar year, excluding
bonuses, commissions, overtime, fringe benefits, stock options, relocation
expenses, incentive payments, non-monetary awards, director fees and other fees,
and automobile and other allowances paid to a Participant for employment
services rendered (whether or not such allowances are included in the Employee's
gross income). Base Annual Salary shall be calculated before reduction for
compensation voluntarily deferred or contributed by the Participant pursuant to
all qualified or non-qualified plans of any Employer and shall be calculated to
include amounts not otherwise included in the Participant's gross income under
Code Sections 125, 402(e)(3), 402(h), or 403(b) pursuant to plans established by
any Employer; provided, however, that all such amounts will be included in
compensation only to the extent that had there been no such plan, the amount
would have been payable in cash to the Employee.

1.2.       "Beneficiary" shall mean one or more persons, trusts, estates or
other entities, designated in accordance with Article 4, that are entitled to
receive a benefit under this Plan upon the death of a Participant.

1.3.       "Beneficiary Designation Form" shall mean the form established from
time to time by the Committee, that a Participant completes, signs and returns
to the Committee to designate one or more Beneficiaries.

1.4.       "Benefit Factor" shall mean a percentage, determined by the Committee
in its sole discretion, as set forth in this Section 1.4, which shall be
multiplied by a Participant's Final Salary to determine the Participant's death
benefit under the Plan. Subject to change by the Committee in its sole
discretion from time to time, if a Participant dies

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while employed by the Company, the Participant's Benefit Factor shall be 300%.
Subject to change by the Committee in its sole discretion from time to time, if
a Participant dies after Retirement, the Participant's Benefit Factor shall be
100%.

1.5.       "Board" shall mean the board of directors of the Company.

1.6.       "Claimant" shall have the meaning set forth in Section 8.1.

1.7.       "Code" shall mean the Internal Revenue Code of 1986, as it may be
amended from time to time.

1.8.       "Committee" shall mean the committee described in Article 6.

1.9.       "Company" shall mean Wisconsin Energy Corporation, a Wisconsin
corporation, and any successor to all or substantially all of the Company's
assets or business.

1.10.       "Employee" shall mean a person who is an employee of any Employer.

1.11.       "Employer(s)" shall mean the Company and/or any of its subsidiaries
(now in existence or hereafter formed or acquired) that have been selected by
the Board to participate in the Plan and have adopted the Plan as a sponsor.

1.12.       "ERISA" shall mean the Employee Retirement Income Security Act of
1974, as it may be amended from time to time.

1.13.       "Final Salary" shall be the Participant's Base Annual Salary
measured as of the March 1 immediately preceding the date on which the
Participant's employment terminates with any Employer due to death or
Retirement.

1.14.       "Participant" shall mean any Employee (i) who is selected to
participate in the Plan, (ii) who signs a Participation Agreement and a
Beneficiary Designation Form, (iv) whose signed Participation Agreement and
Beneficiary Designation Form are accepted by the Company and the Committee
respectively, (v) who commences participation in the Plan and (vi) whose
Participation Agreement has not terminated. A spouse or former spouse of a
Participant shall not be treated as a Participant in the Plan even if he or she
has an interest in the Participant's benefits under the Plan as a result of
applicable law or property settlements resulting from legal separation or
divorce.

1.15.       "Participation Agreement" shall mean a written agreement, as may be
amended from time to time, which is entered into by and between the Company and
a Participant. Should there be more than one Participation Agreement, the
Participation Agreement bearing the latest date of acceptance by the Company
shall supersede all previous Participation Agreements in their entirety and
shall govern such entitlement. The terms of any Participation Agreement may be
different for any Participant, and any Participation Agreement may provide
additional benefits not set forth in the Plan or limit the benefits otherwise
provided under the Plan; provided, however, that any such additional benefits or
benefit limitations must be agreed to by both the Company and the Participant.

2

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1.16.       "Plan" shall mean the Wisconsin Energy Corporation Death Benefit
Only Plan, which shall be evidenced by this instrument and by each Participation
Agreement, as they may be amended from time to time.

1.17.       "Retirement", "Retire(s)" or "Retired" shall mean the severance from
employment from all Employers on or after age fifty-five (55) with at least 10
years of service or on or after age sixty-five (65). Notwithstanding the
preceding sentence, if a Participant's employment terminates with all Employers,
and such Participant is not otherwise eligible to Retire, the Committee may, in
its sole discretion, deem such Participant to have Retired for purposes of this
Plan.

1.18.       "Tax Factor" shall be a decimal, as determined in the sole
discretion of the Committee, based on the highest combined Federal and state net
effective income tax rate in effect for the year in which a benefit becomes
payable to a Participant's Beneficiary under this Plan. For purposes of
calculating the Tax Factor, the (i) Federal income tax rate shall be based on
the highest marginal Federal income tax rate, and (ii) the state income tax rate
shall be based on the highest marginal state income tax rate for the
Participant's state of residence. Using those rates, the Tax Factor will be
determined using the following formula. Assuming that the highest marginal
Federal income tax rate, expressed as a decimal, is X, and the highest marginal
state income tax rate, expressed as a decimal, is Y, the Tax Factor equals (1-X)
times (1-Y). For example, if X is 0.40, and Y is 0.10, the Tax Factor would be
.54. The Tax Factor shall be rounded up or down to two decimal places, using
normal rounding convention.

ARTICLE 2
Selection, Enrollment, Eligibility

2.1.       Selection by Committee. Participation in the Plan shall be limited to
a select group of management or highly compensated Employees, as determined by
the Committee in its sole discretion. From that group, the Committee shall
select, in its sole discretion, Employees to participate in the Plan.

2.2.       Enrollment Requirements. As a condition to participation, each
selected Employee shall complete, execute and return to the Committee a
Participation Agreement and a Beneficiary Designation Form, all within the time
period specified by the Committee.

2.3.       Eligibility; Commencement of Participation. An Employee selected to
participate in the Plan who has met all enrollment requirements set forth in the
Plan and required by the Committee, including returning all required documents
to the Committee within the specified time period, shall commence participation
in the Plan on the first day of the month following the month in which the
Employee completes all enrollment requirements.

2.4.       Termination of Participation. Notwithstanding any other provision of
the Plan, (i) all Employers and the Committee shall be fully and completely
discharged from all further obligations under this Plan with respect to the
Participant (or his or her Beneficiary), and

3

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(ii) the Participant's Participation Agreement, if any, shall terminate in the
following circumstances:

A Participant terminates employment with all Employers before his or her
Retirement for any reason other than death. Such Participant's termination of
Plan participation shall occur effective as of the date his employment
terminates;

A Participant who Retired before December 3, 2009 elects to receive a lump sum
payment in lieu of the death benefit payable to his or her Beneficiary under the
Plan by executing an election form established by the Committee and submitting
the signed election form to the Committee's designated representative by the
deadline established by such representative. Such Participant's termination of
Plan participation shall occur effective upon receipt of a signed election form
by the Committee's designated representative.

ARTICLE 3
Benefits

3.1.       Death during Employment or after Retirement. If a Participant dies
while employed with an Employer, or if a Participant dies after Retirement and
such Retirement occurred prior to December 3, 2009, his or her Beneficiary shall
be entitled to receive a death benefit calculated by first multiplying (i) the
Participant's Final Salary, by (ii) the Participant's Benefit Factor. The
product that results from multiplying (i) by (ii) shall then be divided by the
applicable Tax Factor, and will produce the death benefit to which the
Participant's Beneficiary shall be entitled.

For example, if a Participant dies while employed with an Employer with a Final
Salary of $150,000 and a Benefit Factor of 300%, then the Participant's Final
Salary multiplied by his or her Benefit Factor equals $450,000. If the highest
marginal Federal income tax rate, expressed as a decimal, is .40, and the
highest marginal state income tax rate, expressed as a decimal, is .10, then the
Tax Factor equals .54. The Beneficiary would be entitled to receive a death
benefit equal to $833,333.33, calculated as follows:

          $450,000           
.54

For the avoidance of doubt, Participants who are actively employed with an
Employer on December 3, 2009 shall not be entitled to a death benefit if the
Participant dies after Retirement. Such Participants shall be eligible for a
death benefit under this Plan only if the Participant dies while actively
employed with an Employer.

In addition, Retired Participants who submit a signed election form as provided
in Section 2.4(b) shall not be entitled to a death benefit if the Participant
dies after the Committee's designated representative receives the signed
election form. In the event a Retired Participant dies after submitting the
signed election form, but before actual

4

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payment of such lump sum amount to which his election relates, the Plan shall
pay such lump sum amount to the Participant's Beneficiary and not the death
benefits otherwise provided by the Plan in the absence of such election.

A Retired Participant who does not elect to receive a lump sum payment as
provided in Section 2.4(b) continues to be eligible for the death benefit
otherwise payable to his or her Beneficiary under the Plan. A list of Retired
Participants eligible for a death benefit provided by the Plan is attached
hereto in Appendix A.

3.2.       Payment of Benefits. Death benefits provided under this Plan shall be
paid to the Participant's Beneficiary in a lump sum payment no later than sixty
(60) days after the date on which the Committee is provided with proof, that is
satisfactory to the Committee, of the Participant's death.

3.3.       Termination of Right to Benefits. If the Participant's death occurs
after any of the circumstances described in Section 2.4, no death benefits
provided under this Plan shall be paid to the Participant's Beneficiary.

3.4.       Certain Limitations. The Company may purchase certain life insurance
policies on the lives of Participants and the Company shall be the sole owner
and beneficiary of these policies at all times. Notwithstanding any other
provision of the Plan, no benefits shall be payable under the Plan if death
occurs under circumstances such that a policy on the life of a Participant owned
by the Company does not pay a full death benefit, as will occur, for example, in
the case of suicide within two years after the policy date.

ARTICLE 4
Beneficiary Designation

4.1.       Designation of Beneficiary; Change of Beneficiary Designation. Upon
the commencement of participation in the Plan, each Participant shall designate
his or her Beneficiary by completing and signing the Beneficiary Designation
Form, and returning it to the Committee or its designated agent. The Beneficiary
designated under this Plan may be the same as or different from the Beneficiary
designation under any other plan of an Employer in which the Participant
participates. A Participant shall have the right to change a Beneficiary by
completing, signing and otherwise complying with the terms of the Beneficiary
Designation Form and the Committee's rules and procedures, as in effect from
time to time. Upon the acceptance by the Committee of a new Beneficiary
Designation Form, all Beneficiary designations previously filed shall be
canceled. The Committee shall be entitled to rely on the last Beneficiary
Designation Form filed by the Participant and accepted by the Committee prior to
his or her death.

4.2.       Acknowledgment. No designation or change in designation of a
Beneficiary shall be effective until received and acknowledged in writing by the
Committee or its designated agent.

4.3.       No Beneficiary Designation. If a Participant fails to designate a
Beneficiary as provided above or, if all designated Beneficiaries predecease the
Participant or die prior to complete distribution of the Participant's benefit,
then the Participant's designated

5

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Beneficiary shall be deemed to be his or her surviving spouse. If the
Participant has no surviving spouse, the benefits under the Plan shall be
payable to the executor or personal representative of the Participant's estate.

4.4.       Doubt as to Beneficiary. If the Committee has any doubt as to the
proper Beneficiary to receive payments pursuant to this Plan, the Committee
shall have the right, exercisable in its discretion, to cause the Participant's
Employer to withhold such payments until this matter is resolved to the
Committee's satisfaction.

4.5.       Discharge of Obligations. The payment of benefits under the Plan to a
Beneficiary shall fully and completely discharge all Employers and the Committee
from all further obligations under this Plan with respect to the Participant (or
his or her Beneficiary), and that Participant's Participation Agreement shall
terminate upon such full payment of benefits.

4.6.       Effect of Divorce. If a Participant designates the Participant's
spouse as a Beneficiary and then becomes divorced from the spouse, the
designation of such former spouse as a Beneficiary shall automatically become
null and void effective with the date of divorce and such former spouse shall be
deemed to have predeceased the Participant.

ARTICLE 5
Termination, Amendment or Modification

5.1.       Termination. Although each Employer anticipates that it will continue
the Plan for an indefinite period of time, there is no guarantee that any
Employer will continue the Plan or will not terminate the Plan at any time in
the future. Accordingly, each Employer reserves the right to discontinue its
sponsorship of the Plan and/or to terminate the Plan at any time with respect to
any or all of its participating Employees, by action of its board of directors
or by action of a committee or individual authorized by the board of directors
to take such action. However, the termination of the Plan shall not adversely
affect (i) any Participant who, at the time of Plan termination, has previously
terminated employment with any Employer due to Retirement, or (ii) any
Beneficiary who, at the time of Plan termination, has previously become entitled
to the payment of a benefit under the Plan.

5.2.       Amendment. Any Employer may, at any time, amend or modify the Plan in
whole or in part with respect to that Employer by action of its board of
directors or by action of a committee or individual authorized by the board of
directors to take such action; provided, however, that (i) no amendment or
modification shall be effective to decrease or restrict the right of any
Participant who, as of the effective date of the amendment or modification, has
previously terminated employment with any Employer due to Retirement, (ii) no
amendment or modification of this Section 5.2 shall be effective, and (iii) no
amendment or modification of the Plan shall affect any Beneficiary who, as of
the effective date of the amendment or modification, has previously become
entitled to the payment of a benefit under the Plan.

6

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ARTICLE 6
Administration

6.1.       Committee Duties. Except as otherwise provided in this Article 6,
this Plan shall be administered by a Committee, which shall consist of the
Board, or such committee as the Board shall appoint. Members of the Committee
may be Participants under this Plan. The Committee shall also have the
discretion and authority to (i) make, amend, interpret, and enforce all
appropriate rules and regulations for the administration of this Plan and
(ii) decide or resolve any and all questions including interpretations of this
Plan, as may arise in connection with the Plan. Any individual serving on the
Committee who is a Participant shall not vote or act on any matter relating
solely to himself or herself. When making a determination or calculation, the
Committee shall be entitled to rely on information furnished by a Participant or
the Company.

6.2.       Agents. In the administration of this Plan, the Committee may, from
time to time, employ agents and delegate to them such administrative duties as
it sees fit (including acting through a duly appointed representative) and may
from time to time consult with counsel who may be counsel to any Employer.

6.3.       Binding Effect of Decisions. The decision or action of the Committee
with respect to any question arising out of or in connection with the
administration, interpretation and application of the Plan and the rules and
regulations promulgated hereunder shall be final and conclusive and binding upon
all persons having any interest in the Plan.

6.4.       Indemnity of Committee. All Employers shall indemnify and hold
harmless the members of the Committee and any Employee to whom the duties of the
Committee may be delegated, against any and all claims, losses, damages,
expenses or liabilities arising from any action or failure to act with respect
to this Plan, except in the case of willful misconduct by the Committee, any of
its members or any such Employee.

6.5.       Employer Information. To enable the Committee to perform its
functions, the Company and each Employer shall supply full and timely
information to the Committee on all matters relating to the compensation of its
Participants, the date and circumstances of the Retirement, death or other
termination of employment of its Participants, and such other pertinent
information as the Committee may reasonably require.

ARTICLE 7
Other Benefits and Agreements

7.1.       Coordination with Other Benefits. The benefits provided for
Participant's Beneficiary under the Plan are in addition to any other benefits
available to such Participant under any other plan or program for employees of
the Participant's Employer. The Plan shall supplement and shall not supersede,
modify or amend any other such plan or program except as may otherwise be
expressly provided.

7

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ARTICLE 8
Claims Procedures

8.1.       Presentation of Claim. Any Participant or Beneficiary (such
Participant or Beneficiary being referred to below as a "Claimant") may deliver
to the Committee a written claim for benefits. If such a claim relates to the
contents of a notice received by the Claimant, the claim must be made within
90 days after such notice was received by the Claimant. All other claims shall
be made within 180 days of the date on which the event that caused the claim to
arise occurred. The claim shall state with particularity the determination
desired by the Claimant. A claim shall be considered to have been made when a
written communication made by the Claimant or the Claimant's representative is
received by the Committee.

8.2.       Decision on Initial Claim. The Committee shall consider a Claimant's
claim and provide written notice to the Claimant of any denial within a
reasonable time, but no later than 90 days after receipt of the claim. If an
extension of time beyond the initial 90-day period for processing is required,
written notice of the extension shall be provided to the Claimant before the
initial 90-day period expires indicating the special circumstances requiring an
extension of time and the date by which the Committee expects to render a final
decision. In no event shall the period, as extended, exceed 180 days. If the
Committee denies, in whole or in part, the claim, the notice shall set forth in
a manner calculated to be understood by the Claimant:

The specific reasons for the denial of the claim, or any part thereof;

Specific references to pertinent Plan provisions upon which such denial was
based;

A description of any additional material or information necessary for the
Claimant to perfect the claim, and an explanation of why such material or
information is necessary; and

An explanation of the claim review procedure set forth in Section 8.3 below,
which explanation shall also include a statement of the Claimant's right to
bring a civil action under ERISA Section 502(a) following a denial of the claim
upon review.

8.3.       Right to Review. A Claimant is entitled to appeal any claim that has
been denied in whole or in part. To do so, the Claimant must submit a written
request for review with the Committee within 60 days after receiving a notice
from the Committee that a claim has been denied, in whole or in part. Absent
receipt by the Committee of a written request for review within such 60-day
period, the claim shall be deemed to be conclusively denied. The Claimant (or
the Claimant's duly authorized representative) may:

Review and/or receive copies of, upon request and free of charge, all documents,
records, and other information relevant to the Claimant's claim;

8

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Submit written comments, documents, records or other information relating to his
claim, which the Committee shall take into account in considering the claim on
review, without regard to whether such information was submitted or considered
in the initial review of the claim; and/or

Request a hearing, which the Committee, in its sole discretion, may grant.

If a Claimant requests to review and/or receive copies of relevant information
pursuant to paragraph (a) above before filing a written request for review, the
60-day period for submitting the written request for review will be tolled
during the period beginning on the date the Claimant makes such request and
ending on the date the Claimant reviews or receives such relevant information.

8.4.       Decision on Review. The Committee shall render its decision on review
promptly, and not later than 60 days after it receives a written request for
review of the denial, unless a hearing is held or other special circumstances
require additional time. In such case, the Committee will notify the Claimant,
before the expiration of the initial 60-day period and in writing, of the need
for additional time, the reason the additional time is necessary, and the date
(no later than 60 days after expiration of the initial 60-day period) by which
the Committee expects to render its decision on review. Notwithstanding the
foregoing, if the Committee determines that an extension of the initial 60-day
period is required due to the Claimant's failure to submit information necessary
for the Committee to decide the claim, the time period by which the Committee
must make its determination on review shall be tolled from the date on which the
notification of the extension is sent to the Claimant until the date on which
the Claimant responds to the request for additional information. The decision on
review shall be written in a manner calculated to be understood by the Claimant,
and it shall contain:

Specific reasons for the decision;

Specific reference(s) to the pertinent Plan provisions upon which the decision
was based;

A statement that the Claimant is entitled to receive, upon request and free of
charge, reasonable access to and copies of, all documents, records or other
information relevant (within the meaning of the Department of Labor Regulation
Section 2560.503-1(m)(8)) to the Claimant's claim;

A statement of the Claimant 's right to bring a civil action under ERISA Section
502(a) following a wholly or partially denied claim for benefits; and

Such other matters as the Committee deems relevant.

8.5.       Form of Notice and Decision. Any notice or decision by the Committee
under this Article 8 may be furnished electronically in accordance with
Department of Labor Regulation Section 2520.104b-(1)(c)(i), (iii) and (iv).

9

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8.6.       Legal Action. Any final decision by the Committee shall be binding on
all parties. A Claimant's compliance with the foregoing provisions of this
Article 8 is a mandatory prerequisite to a Claimant's right to commence any
legal action with respect to any claim for benefits under this Plan.

ARTICLE 9
Miscellaneous

9.1.       Status of Plan. The Plan is intended to be a plan that is not
qualified within the meaning of Code Section 401(a) and that is unfunded and is
maintained by an employer primarily for the purpose of providing welfare
benefits for a select group of management or highly compensated employees within
the meaning of 29 CFR § 2520.104-24. The Plan shall be administered and
interpreted to the extent possible in a manner consistent with that intent.

9.2.       Unsecured General Creditor. Participants and their Beneficiaries,
heirs, successors and assigns shall have no legal or equitable rights, interests
or claims in any property or assets of an Employer. For purposes of the payment
of benefits under this Plan, any and all of an Employer's assets shall be, and
remain, the general, unpledged unrestricted assets of the Employer. An
Employer's obligation under the Plan shall be merely that of an unfunded and
unsecured promise to pay money in the future.

9.3.       Employer's Liability. An Employer's liability for the payment of
benefits shall be defined only by the Plan and the Participation Agreement, as
entered into between the Employer and a Participant. An Employer shall have no
obligation to a Participant under the Plan except as expressly provided in the
Plan and his or her Participation Agreement.

9.4.       Nonassignability. Neither a Participant nor any other person shall
have any right to commute, sell, assign, transfer, pledge, anticipate, mortgage
or otherwise encumber, transfer, hypothecate, alienate or convey in advance of
actual receipt, the amounts, if any, payable hereunder, or any part thereof,
which are, and all rights to which are expressly declared to be, unassignable
and non-transferable. No part of the amounts payable shall, prior to actual
payment, be subject to seizure, attachment, garnishment or sequestration for the
payment of any debts, judgments, alimony or separate maintenance owed by a
Participant or any other person, be transferable by operation of law in the
event of a Participant's or any other person's bankruptcy or insolvency or be
transferable to a spouse as a result of a property settlement or otherwise.

9.5.       Not a Contract of Employment. The terms and conditions of this Plan
shall not be deemed to constitute a contract of employment between any Employer
and the Participant. Such employment is hereby acknowledged to be an "at will"
employment relationship that can be terminated at any time for any reason, or no
reason, with or without cause, and with or without notice, unless expressly
provided in a written employment agreement. Nothing in this Plan shall be deemed
to give a Participant the right to be retained in the service of any Employer,
as an Employee, or to interfere with the right of any Employer to discipline or
discharge the Participant at any time.

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9.6.       Furnishing Information. A Participant or his or her Beneficiary will
cooperate with the Committee by furnishing any and all information requested by
the Committee and take such other actions as may be requested in order to
facilitate the administration of the Plan and the payments of benefits
hereunder, including but not limited to taking such physical examinations as the
Committee may deem necessary.

9.7.       Terms. Whenever any words are used herein in the masculine, they
shall be construed as though they were in the feminine in all cases where they
would so apply; and whenever any words are used herein in the singular or in the
plural, they shall be construed as though they were used in the plural or the
singular, as the case may be, in all cases where they would so apply.

9.8.       Captions. The captions of the articles, sections and paragraphs of
this Plan are for convenience only and shall not control or affect the meaning
or construction of any of its provisions.

9.9.       Governing Law. Subject to ERISA, the provisions of this Plan shall be
construed and interpreted according to the internal laws of the State of
Wisconsin without regard to its conflicts of laws principles.

9.10.       Notice. Any notice or filing required or permitted to be given to
the Committee under this Plan shall be sufficient if in writing and
hand-delivered, or sent by registered or certified mail, to the address below:

                            Wisconsin Energy Corporation
                            Attn: Art Zintek
                            231 West Michigan Street
                            Milwaukee, WI 53203

Such notice shall be deemed given as of the date of delivery or, if delivery is
made by mail, as of the date shown on the postmark on the receipt for
registration or certification.

Any notice or filing required or permitted to be given to a Participant under
this Plan shall be sufficient if in writing and hand-delivered, or sent by mail,
to the last known address of the Participant.

9.11.       Successors. The provisions of this Plan shall bind and inure to the
benefit of the Participant's Employer and its successors and assigns and the
Participant and the Participant's designated Beneficiaries.

9.12.       Spouse's Interest. The interest in the benefits hereunder of a
spouse of a Participant who has predeceased the Participant shall automatically
pass to the Participant and shall not be transferable by such spouse in any
manner, including but not limited to such spouse's will, nor shall such interest
pass under the laws of intestate succession.

9.13.       Validity. In case any provision of this Plan shall be illegal or
invalid for any reason, said illegality or invalidity shall not affect the
remaining parts hereof, but this Plan shall be

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construed and enforced as if such illegal or invalid provision had never been
inserted herein.

9.14.       Incompetent. If the Committee determines in its discretion that a
benefit under this Plan is to be paid to a minor, a person declared incompetent
or to a person incapable of handling the disposition of that person's property,
the Committee may direct payment of such benefit to the guardian, legal
representative or person having the care and custody of such minor, incompetent
or incapable person. The Committee may require proof of minority, incompetence,
incapacity or guardianship, as it may deem appropriate prior to distribution of
the benefit. Any payment of a benefit shall be a payment for the account of the
Participant and the Participant's Beneficiary, as the case may be, and shall be
a complete discharge of any liability under the Plan for such payment amount.

9.15.       Court Order. The Committee is authorized to make any payments
directed by court order in any action in which the Plan or the Committee has
been named as a party. In addition, if a court determines that a spouse or
former spouse of a Participant has an interest in the Participant's benefits
under the Plan in connection with a property settlement or otherwise, the
Committee, in its sole discretion, shall have the right, notwithstanding any
election made by a Participant, to immediately distribute the spouse's or former
spouse's interest in the Participant's benefits under the Plan to that spouse or
former spouse.

9.16.       Insurance. The Employers, on their own behalf, and, in their sole
discretion, may apply for and procure insurance on the life of the Participant,
in such amounts and in such forms as the Employers may choose. The Employers
shall be the sole owner and beneficiary of any such insurance. The Participant
shall have no interest whatsoever in any such policy or policies, and at the
request of the Employers shall submit to medical examinations and supply such
information and execute such documents as may be required by the insurance
company or companies to whom the Employers have applied for insurance.

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APPENDIX A

As set forth in Section 3.1, Retired Participants who are entitled to the death
benefits payable under the Plan are listed in this Appendix A. Such
Participant's have not elected to receive a lump sum payment as provided in
Section 2.4(b).

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