Integrys Energy Group
Wisconsin Public Service |
Integrys Energy Group, Inc. was an American
Wisconsin Energy Corporation for $9.1 billion.[1] 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.[2]
Utilities
The six regulated utilities consisted of:
- The Peoples Gas Light and Coke Company, a natural gas utility serving approximately 873,000 customers [3]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 [4] in northeast and central Wisconsin.
- Minnesota Energy Resources Corporation, a natural gas utility serving approximately 238,000 customers [5] throughout Minnesota.
- Michigan Gas Utilities Corporation, a natural gas utility serving approximately 176,000 customers [6] in lower Michigan.
- North Shore Gas Company, a natural gas utility serving approximately 162,000 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.[7]
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 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.[8]
References
- ^ "Utility firms Wisconsin Energy and Integrys plan merger". Wisconsin Star. Retrieved 23 June 2014.
- ^ "Integrys Energy Group to sell Upper Peninsula Power Company for $298M". Power Engineering. 2014-01-21. Retrieved 2019-11-19.
- ^ "Area served (Peoples Gas)". accel.peoplesgasdelivery.com. Retrieved 2019-04-11.
- ^ "Area served (Wisconsin Public Service)". accel.wisconsinpublicservice.com. Retrieved 2019-04-11.
- ^ "About us (Minnesota Energy Resources)". accel.minnesotaenergyresources.com. Retrieved 2019-04-11.
- ^ "Area served (Michigan Gas Utilities)". accel.michigangasutilities.com. Retrieved 2019-04-11.
- ^ "Integrys Energy Group Agrees to Sell Upper Peninsula Power Company to BBIP". Integrys Group. January 20, 2014. Archived from the original on July 20, 2014. Retrieved March 24, 2023.
- ^ 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 7 January 2012. Retrieved 26 December 2011.