Integrys Energy Group

Integrys Energy Group, Inc.

Company type	Public
Industry	Energy
Predecessor	WPS Resources Corp., Peoples Energy Corp.
Founded	2007
Defunct	2015
Fate	Acquired by Wisconsin Energy Corporation
Successor	Wisconsin Energy Corporation
Headquarters	Chicago , United States
Area served	United States (Midwest)
Key people	Charles A. Schrock (Chairman, President, CEO)
Products	Electric and natural gas utilities, energy services, compressed natural gas fueling stations

Integrys Energy Group, Inc. was a U.S.-based energy corporation headquartered in Chicago, established through the 2007 consolidation of WPS Resources Corp. and Peoples Energy Corp. The company was led by Charles A. Schrock, who held the roles of chairman, president, and CEO. In June 2014, Integrys consented to a $9.1 billion acquisition by Wisconsin Energy Corporation. That same year, it divested Upper Peninsula Power Company (UPPCO) to Balfour Beatty Infrastructure Partners LP for $298.9 million.

Utilities

Integrys managed six regulated utility companies:

• Peoples Gas Light and Coke Company, supplying natural gas to approximately 873,000 customers in Chicago.
• Wisconsin Public Service Corporation, which provided electric service to about 446,000 customers and natural gas to roughly 330,000 customers across northeast and central Wisconsin.
• Minnesota Energy Resources Corporation, delivering natural gas to nearly 238,000 customers throughout Minnesota.
• Michigan Gas Utilities Corporation, serving close to 176,000 natural gas customers in lower Michigan.
• North Shore Gas Company, catering to around 162,000 natural gas customers in the northern suburbs of Chicago.
• Upper Peninsula Power Company, an electric utility with about 52,000 customers located in Michigan's Upper Peninsula; this unit was sold in 2014 to Balfour Beatty Infrastructure Partners LP.

Subsidiaries

The corporation’s subsidiaries encompassed:

• Integrys Business Support, which handled operational services for the company’s various subsidiaries.
• Integrys Energy Services, Inc., a nonregulated entity supplying energy and related services to residential, commercial, industrial, and wholesale clients within competitive markets across the United States.
• Integrys Transportation Fuels, operating compressed natural gas fueling stations nationwide under the Trillium CNG brand.

Criticism

In December 2011, the nonpartisan organization Public Campaign reproached Integrys Energy Group for allocating $710,000 toward lobbying efforts while not paying federal income taxes between 2008 and 2010. During this timeframe, the company received $92 million in tax rebates despite generating $818 million in profits and increasing executive pay by 109%, reaching $14.8 million for its top five executives.

External links

• Integrys Energy Group