Integrys Energy Group, Inc. was an American
energy company headquartered in
Chicago, Illinois
Chicago is the List of municipalities in Illinois, most populous city in the U.S. state of Illinois and in the Midwestern United States. With a population of 2,746,388, as of the 2020 United States census, 2020 census, it is the List of Unite ...
. 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 was Charles A. Schrock. On June 23, 2014, Integrys announced that it was being acquired by
Wisconsin Energy Corporation for $9.1 billion.
Also in 2014, Integrys entered into an agreement to sell 100% of the Upper Peninsula Power Company (UPPCO) to Balfour Beatty Infrastructure Partners LP for $298.9 million.
Utilities
The six regulated utilities consisted of:
*The
Peoples Gas Light and Coke Company
Peoples Gas (short for The Peoples Gas Light and Coke Company) is a natural gas, gas public utility, utility subsidiary of WEC Energy Group serving the city of Chicago, Illinois, and its northern suburbs.
History
Established in 1849, in Chica ...
, a
natural gas
Natural gas (also fossil gas, methane gas, and gas) is a naturally occurring compound of gaseous hydrocarbons, primarily methane (95%), small amounts of higher alkanes, and traces of carbon dioxide and nitrogen, hydrogen sulfide and helium ...
utility serving approximately 873,000 customers in the City of Chicago.
*
Wisconsin Public Service Corporation, an electric and natural gas utility serving approximately 446,000 electric customers and 330,000 natural gas customers in northeast and central Wisconsin.
*
Minnesota Energy Resources Corporation, a natural gas utility serving approximately 238,000 customers throughout Minnesota.
*
Michigan Gas Utilities Corporation, a natural gas utility serving approximately 176,000 customers in lower Michigan.
*
North Shore Gas Company, a natural gas utility serving approximatel
162,000 customersin 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 were:
*Integrys Business Support, Integrys Energy Group's business services company — 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.
*Integrys Transportation Fuels, with compressed natural gas fueling stations operating across the United States under the brand name Trillium CNG.
Criticism
In December 2011, the non-partisan organization
Public Campaign criticized Integrys Energy Group for spending $710,000 on
lobbying
Lobbying is a form of advocacy, which lawfully attempts to directly influence legislators or government officials, such as regulatory agency, regulatory agencies or judiciary. Lobbying involves direct, face-to-face contact and is carried out by va ...
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
{{Illinois Corporations
Electric power companies of the United States
Natural gas companies of the United States
Defunct companies based in Chicago
Energy companies established in 2007
Non-renewable resource companies established in 2007
2007 establishments in Illinois
Companies formerly listed on the New York Stock Exchange
2015 mergers and acquisitions