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Integrys Energy Group

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]

Integrys Energy Group
IndustryEnergy
Founded2007 (2007)
Headquarters,
United States
Area served
Illinois
Michigan
Minnesota
Wisconsin
Key people
Charles A Schrock (CEO)
ProductsNatural Gas, Electricity
Number of employees
5,025
SubsidiariesIntegrys Energy Services
Michigan Gas Utilities
Minnesota Energy Resources
North Shore Gas
Peoples Gas
Upper Peninsula Power Company
Wisconsin Public Service

Contents

UtilitiesEdit

The six regulated utilities consist of:

SubsidiariesEdit

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.

CriticismEdit

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]

ReferencesEdit

  1. ^ "Utility firms Wisconsin Energy and Integrys plan merger". Wisconsin Star. Retrieved 23 June 2014.
  2. ^ http://www.integrysgroup.com/news/view_article.cfm?reckey=02482&companyID=uppco
  3. ^ 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 linksEdit