Integrys Energy Group, Inc. was an American energy company headquartered in Chicago, Illinois. It was formed by the merger of WPS Resources Corp. and Peoples Energy Corp. on February 21, 2007. The Chairman, President, and Chief Executive Officer is Charles A. Schrock. On June 23, 2014, Integrys announced that it was being acquired by Wisconsin Energy Corporation for $9.1 billion.
Utilities
Company Profile: Integrys Energy Group Inc (NYSE:TEG) - Integrys Energy (formerly WPS Resources) owns six regulated energy utilities: Michigan Gas Utilities Corporation (165000 gas customers), Minnesota Energy Resources Corporation (206000 gas...
The six regulated utilities consist of:
- The Peoples Gas Light and Coke Company, a natural gas utility serving approximately 819,000 customers in the City of Chicago.
- Wisconsin Public Service Corporation, an electric and natural gas utility serving approximately 439,000 electric customers and 318,000 natural gas customers in northeastern Wisconsin and an adjacent portion of Michigan's Upper Peninsula.
- Minnesota Energy Resources Corporation, a natural gas utility serving approximately 212,000 customers throughout Minnesota.
- Michigan Gas Utilities Corporation, a natural gas utility serving approximately 165,000 customers in lower Michigan.
- North Shore Gas Company, a natural gas utility serving approximately 158,000 customers in the northern suburbs of Chicago.
- Upper Peninsula Power Company, an electric utility serving approximately 52,000 customers in Michigan's Upper Peninsula. Note: Integrys announced its intention to sell Upper Peninsula Power to Balfour Beatty Infrastructure Partners LP on 20 January 2014.
Subsidiaries
The company’s other subsidiaries are:
- Integrys Business Support, is Integrys Energy Group's business services company â€" providing services and solutions for operation of Integrys' subsidiaries.
- Integrys Energy Services, Inc., a diversified nonregulated energy supply and services company serving residential, commercial, industrial, and wholesale customers in developed competitive markets in the United States.
Criticism
In December 2011, the non-partisan organization Public Campaign criticized Integrys Energy Group for spending $710,000 on lobbying and not paying any taxes during 2008-2010, instead receiving $92 million in tax rebates, despite making a profit of $818 million and increasing executive pay by 109% to $14.8 million in 2010 for its top 5 executives.
References
External links
- Integrys Energy Group
