Integrys Energy Group
 | |
| Industry | Energy |
|---|---|
| Founded | 2007 |
| Headquarters | , United States |
Area served | Illinois Michigan Minnesota Wisconsin |
Key people | Charles A Schrock (CEO) |
| Products | Natural Gas, Electricity |
Number of 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 |
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.[1]
Utilities
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.[2]
Subsidiaries
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.
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.[3]
References
- ^ "Utility firms Wisconsin Energy and Integrys plan merger". Wisconsin Star. Retrieved 23 June 2014.
{{cite news}}: Italic or bold markup not allowed in:|publisher=(help) - ^ http://www.integrysgroup.com/news/view_article.cfm?reckey=02482&companyID=uppco
- ^ 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.
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External links
- 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