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WELPM Wisconsin Electric Power

Filed: 12 May 21, 11:40am

Co-Registrant CIK0001840327
Co-Registrant Amendment Flagfalse
Co-Registrant Form Type8-K
Co-Registrant DocumentPeriodEndDate2021-05-04
Co-Registrant Written Communicationsfalse
Co-Registrant Solicitating Materialsfalse
Co-Registrant PreCommencement Tender Offerfalse
Co-Registrant PreCommencement Issuer Tender Offerfalse
Co-Registrant Entity Emerging Growth Companyfalse
Co-Registrant CityAreaCode
Co-Registrant LocalPhoneNumber

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of report (Date of earliest event reported):
May 12, 2021

 

 

 

Commission
File Number
 Registrant; State of Incorporation;
Address; and Telephone Number
 IRS Employer
Identification No.
     
001-01245WISCONSIN ELECTRIC POWER COMPANY 39-0476280
  (A Wisconsin Corporation)  
  231 West Michigan Street  
  P.O. Box 1331  
  Milwaukee, WI 53201  
  (414221-2345  

 

333-252252-01 WEPCO ENVIRONMENTAL TRUST FINANCE I, LLC 86-1294212
  (A Delaware limited liability company)  
  c/o Wisconsin Electric Power Company  
  231 West Michigan Street  
  P.O. Box 1331  
  Milwaukee, WI 53201  

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  
oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  
oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  
oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act: None

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

ITEM 8.01 OTHER EVENTS.

 

On May 12, 2021, WEPCo Environmental Trust Finance I, LLC (the “Issuing Entity”) issued $118,814,000 aggregate principal amount of Environmental Trust Bonds, Series 2021 (the “ETBs”), pursuant to an Indenture and Series Supplement, each dated May 12, 2021. The ETBs were offered pursuant to a prospectus dated May 4, 2021. In connection with the issuance of the ETBs, Wisconsin Electric Power Company and the Issuing Entity entered into the other agreements listed below in Item 9.01, which are attached hereto as exhibits and incorporated by reference herein.

 

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

 

(d) Exhibits

 

4.1 Indenture, dated May 12, 2021, between WEPCo Environmental Trust Finance I, LLC and the Indenture Trustee (including a form of ETB)
   
4.2 Series Supplement, dated May 12, 2021, between WEPCo Environmental Trust Finance I, LLC and the Indenture Trustee.
   
5.1 Opinion of Troutman Pepper Hamilton Sanders LLP with respect to legality
   
8.1 Opinion of Troutman Pepper Hamilton Sanders LLP with respect to federal tax matters
   
10.1 Environmental Control Property Purchase and Sale Agreement, dated May 12, 2021, by and between Wisconsin Electric Power Company and WEPCo Environmental Trust Finance I, LLC
   
10.2 Environmental Control Property Servicing Agreement, dated May 12, 2021, by and between Wisconsin Electric Power Company and WEPCo Environmental Trust Finance I, LLC
   
10.3   Administrative Agreement, dated May 12, 2021, by and between Wisconsin Electric Power Company and WEPCo Environmental Trust Finance I, LLC
   
23.1 Consent of Troutman Pepper Hamilton Sanders LLP (included as part of its opinions filed as Exhibit 5.1, 8.1 and 99.1)
   
23.2 Consent of Quarles & Brady LLP (included as part of its opinion filed as Exhibit 99.2)
   
99.1 Opinion of Troutman Pepper Hamilton Sanders LLP with respect to U.S. constitutional matters
   
99.2 Opinion of Quarles & Brady LLP with respect to Wisconsin constitutional matters
   
104 Cover Page Interactive Data File (formatted as inline XBRL)

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 WISCONSIN ELECTRIC POWER COMPANY
  
  
Date: May 12, 2021/s/ William J. Guc
 William J. Guc, Vice President, Controller and Assistant Corporate Secretary
  
 WEPCO ENVIRONMENTAL TRUST FINANCE I, LLC
  
  
Date: May 12, 2021/ s/ William J. Guc
 William J. Guc, Vice President, Controller and Assistant Secretary