Electric Utilities M&A » By The Online Investor Staff, updated Thu., Apr. 18, 6:28 PM
Recent mergers and acquisitions in the Electric Utilities M&A category.
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Slide #37. Wisconsin Public Service — Fox Energy Company LLC
Acquirer:
Wisconsin Public Service (TEG)
Acquiree:
Fox Energy Company LLC
Details:
Integrys Energy Group announced that its subsidiary Wisconsin Public Service Corporation (WPS) has agreed to buy Fox Energy Company LLC. The $440 million purchase includes $390 million for the Fox Energy Center, a 593-megawatt combined cycle generating facility in Kaukauna, WI, and $50 million for the early termination of the existing tolling agreement between the entities.
Integrys Energy Group is an energy holding company. Through its subsidiaries, Co. provides regulated natural gas and electricity, as well as nonregulated renewable energy and compressed natural gas products and services. In addition, Co. has a 34% equity interest in American Transmission Company LLC (ATC), an electric transmission company operating in Illinois, Michigan, Minnesota, and Wisconsin. Co. has four segments: natural gas utility, which provides services to residential, commercial and industrial, transportation, and other customers; electric utility; electric transmission investment, which consists of Co.'s approximate 34% ownership interest in ATC; and holding company and other.
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