Last $72.84 USD
Change Today +0.97 / 1.35%
Volume 151.8K
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As of 5:15 PM 11/28/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

200 East Randolph Street

Chicago, IL 60601

United States

Phone: 312-228-5400

Fax:

Integrys Energy Group, Inc. operates as a diversified energy holding company. The company’s wholly owned subsidiaries provide products and services in both the regulated and nonregulated energy markets. In addition, the company has a 34% equity interest in American Transmission Company LLC (ATC) (an electric transmission company operating in Illinois, Michigan, Minnesota, and Wisconsin). REGULATED NATURAL GAS UTILITY OPERATIONS The Natural Gas Utility segment includes the regulated natural gas utility operations of Minnesota Energy Resources Corporation (MERC), Michigan Gas Utilities Corporation (MGU), North Shore Gas Company (NSG), The Peoples Gas Light and Coke Company (PGL), and Wisconsin Public Service Corporation (WPS). The company’s regulated natural gas utilities provide service to approximately 1, 698,000 residential, commercial and industrial, transportation, and other customers. The company’s customers are located in Chicago and the northern suburbs of Chicago, northeastern Wisconsin and an adjacent portion of Michigan's Upper Peninsula, various cities and communities throughout Minnesota, and the southern portion of lower Michigan. Natural Gas Supply The company’s regulated natural gas utilities manage portfolios of natural gas supply contracts, storage services, and pipeline transportation services designed to meet varying customer use patterns at the lowest reasonable cost. The company’s regulated natural gas utilities own two storage fields and contract with various other underground storage service providers for additional storage services. Storage allows the company to manage significant changes in daily natural gas demand and to purchase steady levels of natural gas on a year-round basis, thus providing a hedge against supply cost volatility. PGL owns and operates an underground natural gas storage reservoir in central Illinois (Manlove Field) and a natural gas pipeline system that connects Manlove Field to Chicago with eight major interstate pipelines. These assets are directed primarily to serving rate-regulated retail customers and are included in PGL's regulatory rate base. PGL also uses a portion of these company-owned storage and pipeline assets as a natural gas hub, which consists of providing transportation and storage services in interstate commerce to its wholesale customers. REGULATED ELECTRIC UTILITY OPERATIONS The Electric Utility segment includes the regulated electric utility operations of Upper Peninsula Power Company (UPPCO) and WPS. The regulated electric utility operations of UPPCO and WPS provide service to approximately 497,000 residential, commercial and industrial, wholesale, and other customers. WPS's customers are located in northeastern Wisconsin and an adjacent portion of Michigan's Upper Peninsula. UPPCO's customers are located in Michigan's Upper Peninsula. Wholesale electric service is provided to various customers, including municipal utilities, electric cooperatives, energy marketers, other investor-owned utilities, and municipal joint action agencies. Electric Supply: Both WPS and UPPCO are members of Midwest Independent Transmission System Operator, Inc. (MISO), a Federal Energy Regulatory Commission (FERC)-approved, independent, nonprofit organization, which operates a financial and physical electric wholesale market in the Midwest. WPS and UPPCO offer their generation and bid their customer load into the MISO market. MISO evaluates WPS's, UPPCO's, and other market participants' energy offers into, and subsequent withdrawals from, the system to economically dispatch electricity within the system. Regulatory Matters: WPS's retail electric rates are regulated by the Public Service Commission of Wisconsin (PSCW) and the Michigan Public Service Commission (MPSC). UPPCO's retail electric rates are regulated by the MPSC. The FERC regulates wholesale electric rates for WPS and UPPCO. WPS and UPPCO must also comply with mandatory electric system reliability standards developed by the North American Electric Reliability Corporation (NERC), the electric reliability organization certified by the FERC. The Midwest Reliability Organization is responsible fo

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