UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
Current Report On
FORM 8-K
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported):
MARCH 8, 2001
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Commission Registrant; State of Incorporation IRS Employer
File Number Address; and Telephone Number Identification No.
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001-01245 WISCONSIN ELECTRIC POWER COMPANY 39-0476280
(A Wisconsin Corporation)
231 West Michigan Street
P.O. Box 2949
Milwaukee, WI 53201
(414) 221-2345
FORM 8-K
WISCONSIN ELECTRIC POWER COMPANY
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
On March 1, 2001, the Audit Committee of the Board of Directors
of Wisconsin Energy Corporation met to discuss the independent
public accountant for Wisconsin Energy and its subsidiaries to be
engaged for the year 2001. The Committee recommended to the
Board the replacement of PricewaterhouseCoopers LLP with Arthur
Andersen LLP. The Board of Directors, acting on the
recommendation of the Audit Committee, has appointed the firm of
Arthur Andersen LLP as independent auditors to audit the books
and records of Wisconsin Energy and its subsidiaries, including
Wisconsin Electric Power Company, for 2001. The selection was
made after a review of several accounting firms. Arthur Andersen
LLP had been the auditors of WICOR, Inc., prior to the April 26,
2000 merger of Wisconsin Energy and WICOR. The Board of
Directors of Wisconsin Electric approved the change in
accountants. PricewaterhouseCoopers LLP was notified of this
change and Arthur Andersen LLP of its engagement on March 8,
2001. PricewaterhouseCoopers LLP will be dismissed upon
completion of the audit for the year ended December 31, 2000.
In connection with its audits for the two most recent years and
through March 8, 2001, there have been no disagreements with
PricewaterhouseCoopers LLP on any matter of accounting principles
or practices, financial statement disclosure, or auditing scope
or procedure, which disagreements, if not resolved to the
satisfaction of PricewaterhouseCoopers LLP, would have caused
that firm to make reference to the subject matter of the
disagreement in connection with its report, and there were no
"reportable events" (as defined in SEC Regulation S-K Item
304(a)(1)(v)). PricewaterhouseCoopers' report on Wisconsin
Electric's financial statements for 1998 and 1999 contained no
adverse opinion or disclaimer of opinion and was not qualified or
modified as to uncertainty, audit scope, or accounting
principles.
Wisconsin Electric has provided PricewaterhouseCoopers LLP with a
copy of the disclosures contained herein and has requested that
PricewaterhouseCoopers LLP furnish it with a letter addressed to
the Securities and Exchange Commission stating whether it agrees
with the statements made by Wisconsin Electric herein and, if
not, stating the respects in which it does not agree. A copy of
PricewaterhouseCoopers LLP's letter is filed as Exhibit 16.1 to
this Form 8-K.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits:
See Exhibit Index following the Signature page of this
report, which is incorporated herein by reference.
FORM 8-K
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 thereunto duly authorized.
WISCONSIN ELECTRIC POWER COMPANY
(Registrant)
/s/ Stephen P. Dickson
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Date: March 15, 2001 Stephen P. Dickson - Controller and
Principal Accounting Officer
FORM 8-K
WISCONSIN ELECTRIC POWER COMPANY
(Commission File No. 001-01245)
EXHIBIT INDEX
to
CURRENT REPORT ON FORM 8-K
Date of Report: March 8, 2001
The following Exhibit is filed with this Current Report on Form 8-
K:
Exhibit No.
16.1 Letter of PricewaterhouseCoopers LLP to the Securities and
Exchange Commission.