Integrys is a Chicago-based utility
Integrys (TEG) is a diversified energy holding company headquartered in Chicago, Illinois. Wisconsin Energy (WEC) is buying Integrys. Integrys’ subsidiaries provide products and services in both the regulated and non-regulated energy markets. Plus, Integrys has a 34% equity interest in ATC—an electric transmission company operating in Illinois, Michigan, Minnesota, and Wisconsin.
Let’s get some background on Integrys that can help you take advantage of the merger.
Integrys’ reportable segments
- Regulated Natural Gas Utility Operations: The company’s regulated natural gas utilities service approximately 1,698,000 residential, commercial, industrial, transport, and other customers. Its customers are in Chicago and the northern suburbs of Chicago, northeastern Wisconsin and an adjacent portion of Michigan’s Upper Peninsula, plus cities and communities throughout Minnesota and the southern portion of lower Michigan.
- Regulated Electricity Utility Operations: This segment services approximately 497,000 residential, commercial, industrial, wholesale, and other customers. WPS’s customers are in northeastern Wisconsin and an adjacent part of Michigan’s Upper Peninsula. UPPCO’s customers are located in Michigan’s Upper Peninsula. The company provides wholesale electric service to various WPS customers, including municipal utilities, electric cooperatives, energy marketers, other investor-owned utilities, and municipal joint action agencies. In 2013, retail electric revenues accounted for 89.0% of total electric revenues. Meanwhile, wholesale electric revenues accounted for 11.0% of total electric revenues.
- Integrys Energy Services: Integrys Energy Services is a diversified, non-regulated retail energy supply and services company. It mainly sells electricity and natural gas in deregulated markets. Plus, Integrys Energy Services invests in and promotes renewable energy—primarily distributed solar. The company believes distributed solar is important for the energy industry’s future. Integrys energy services develops, acquires, owns, and operates clean, renewable, and efficient energy sources. Integrys Energy Services assists customers in selecting energy solutions that meet their needs. It also works with energy project developers to overcome challenges in integrating their projects’ technical, regulatory, and financial aspects.
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