Integrys Energy Group

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Integrys Energy Group
Type Public
Traded as NYSETEG
S&P 500 Component
Industry Energy
Founded 2007 (2007)
Headquarters Aon Center
Chicago, Illinois
, USA
Area served Illinois
Michigan
Minnesota
Wisconsin
Key people Charles A. Schrock
Products Natural Gas, Electricity
Revenue
  • Increase US$ 5,634.6 million (2013) [1]
  • Decrease US$ 4,212.4 million (2012) [1]
Operating income
  • Increase US$ 567.7 million (2013) [1]
  • Increase US$ 467.5 million (2012) [1]
Net income
  • Increase US$ 351.8 million (2013) [1]
  • Increase US$ 281.4 million (2012) [1]
Total assets
  • Increase US$ 11,243.5 million (2013) [2]
  • Increase US$ 10,327.4 million (2012) [1]
Total equity
  • Increase US$ 3,313.4 million (2013) [1]
  • Increase US$ 3,076.8 million (2012) [1]
Employees 5,025
Subsidiaries Integrys Energy Services
Michigan Gas Utilities
Minnesota Energy Resources
North Shore Gas
Peoples Gas
Upper Peninsula Power Company
Wisconsin Public Service
Website www.integrysgroup.com

Integrys Energy Group, Inc. is 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.[3]


Utilities[edit]

The six regulated utilities consist of:

Subsidiaries[edit]

The company’s other subsidiaries are:

  • Integrys Business Support, is 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.
  • Trillium CNG, a provider of compressed natural gas fueling services as well as a single-source provider of CNG fueling facility design, construction, operation and maintenance.

Criticism[edit]

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.[5]

References[edit]

  1. ^ a b c d e f g h i "INTEGRYS ENERGY GROUP, INC. 2013 Annual Report Form (10-K)" (XBRL). United States Securities and Exchange Commission. February 27, 2014. 
  2. ^ "INTEGRYS ENERGY GROUP, INC. 2014 Q1 Quarterly Report Form (10-Q)" (XBRL). United States Securities and Exchange Commission. May 2, 2014. 
  3. ^ "Utility firms Wisconsin Energy and Integrys plan merger". Wisconsin Star. Retrieved 23 June 2014. 
  4. ^ http://www.integrysgroup.com/news/view_article.cfm?reckey=02482&companyID=uppco
  5. ^ Portero, Ashley. "30 Major U.S. Corporations Paid More to Lobby Congress Than Income Taxes, 2008-2010". International Business Times. Archived from the original on 26 December 2011. Retrieved 26 December 2011. 

External links[edit]