<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
FORM 10-Q/A
AMENDMENT NO. 1
TO
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the Quarterly Period Ended June 30, 1997
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from to
------------- -------------
Commission Registrant; State of Incorporation; IRS Employer
File Number Address; and Telephone Number Identification No.
- ----------- ----------------------------------- ------------------
1-1245 WISCONSIN ELECTRIC POWER COMPANY 39-0476280
(A Wisconsin Corporation)
231 West Michigan Street
P.O. Box 2046
Milwaukee, WI 53201
(414) 221-2345
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days. Yes [X] No [ ]
Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date (August 1, 1997):
Wisconsin Electric Power Company Common stock, $10 Par Value,
33,289,327 shares outstanding.
Wisconsin Energy Corporation is the
sole holder of Wisconsin Electric
Power Company common stock.
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WISCONSIN ELECTRIC POWER COMPANY
--------------------------------
AMENDMENT NO. 1
TO
QUARTERLY REPORT ON FORM 10-Q DATED JUNE 30, 1997
The undersigned registrant hereby amends the following items, financial
statements, exhibits or other portions of its Quarterly Report for the period
ended June 30, 1997 on Form 10-Q as set forth in the pages attached hereto:
PART II - OTHER INFORMATION
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
This amendment is filed for the purpose of substituting the correct
Financial Data Schedule for Wisconsin Electric Power Company for the six
months ended June 30, 1997, which was inadvertently not submitted with the
original filing of this Form 10-Q.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this amendment to be signed on its behalf by the
undersigned, thereunto duly authorized.
WISCONSIN ELECTRIC POWER COMPANY
--------------------------------------
(Registrant)
/s/ Calvin H. Baker
---------------------------------------
Date: August 15, 1997 Calvin H. Baker, Vice President -
Finance, Chief Financial Officer
and duly authorized officer
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<TABLE> <S> <C>
<PAGE>
<ARTICLE> UT
<LEGEND> THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM THE UNAUDITED FINANCIAL STATEMENTS OF WISCONSIN ELECTRIC
POWER COMPANY FOR THE SIX MONTHS ENDED JUNE 30, 1997 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
<MULTIPLIER> 1,000
<S> <C>
<CURRENCY> U.S. DOLLARS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> JUN-30-1997
<PERIOD-TYPE> 6-MOS
<EXCHANGE-RATE> 1
<BOOK-VALUE> PER-BOOK
<TOTAL-NET-UTILITY-PLANT> 3,043,653
<OTHER-PROPERTY-AND-INVEST> 491,901
<TOTAL-CURRENT-ASSETS> 476,972
<TOTAL-DEFERRED-CHARGES> 453,272
<OTHER-ASSETS> 0
<TOTAL-ASSETS> 4,465,798
<COMMON> 332,893
<CAPITAL-SURPLUS-PAID-IN> 280,689
<RETAINED-EARNINGS> 1,037,191
<TOTAL-COMMON-STOCKHOLDERS-EQ> 1,650,773
0
30,450
<LONG-TERM-DEBT-NET> 1,172,045
<SHORT-TERM-NOTES> 50,495
<LONG-TERM-NOTES-PAYABLE> 172,726
<COMMERCIAL-PAPER-OBLIGATIONS> 51,897
<LONG-TERM-DEBT-CURRENT-PORT> 156,905
0
<CAPITAL-LEASE-OBLIGATIONS> 25,906
<LEASES-CURRENT> 13,156
<OTHER-ITEMS-CAPITAL-AND-LIAB> 1,141,445
<TOT-CAPITALIZATION-AND-LIAB> 4,465,798
<GROSS-OPERATING-REVENUE> 913,597
<INCOME-TAX-EXPENSE> 27,670
<OTHER-OPERATING-EXPENSES> 788,574
<TOTAL-OPERATING-EXPENSES> 816,244
<OPERATING-INCOME-LOSS> 97,353
<OTHER-INCOME-NET> (3,777)
<INCOME-BEFORE-INTEREST-EXPEN> 93,576
<TOTAL-INTEREST-EXPENSE> 55,942
<NET-INCOME> 37,634
601
<EARNINGS-AVAILABLE-FOR-COMM> 37,033
<COMMON-STOCK-DIVIDENDS> 125,048
<TOTAL-INTEREST-ON-BONDS> 0
<CASH-FLOW-OPERATIONS> 227,519
<EPS-PRIMARY> 0
<EPS-DILUTED> 0
<FN>
Earnings per share of common stock is not applicable because all of the
company's common stock is owned by Wisconsin Energy Corporation.
See financial statements and notes in accompanying 10-Q.
<PAGE>
</TABLE>
