Latest Integrys Energy Group Inc. Stories
CHICAGO, Feb. 16 /PRNewswire-FirstCall/ -- The Integrys Energy Group, Inc. ("Integrys") (NYSE: TEG) Board of Directors has approved Executive Chairman Larry L. Weyers' request to retire on March 31, 2010. This is in keeping with the plan announced in late 2008 when Charles A. Schrock was selected to succeed Weyers as President and Chief Executive Officer of Integrys. Schrock will assume the additional role of Chairman, effective April 1, 2010. Weyers agreed to stay on as Executive...
CHICAGO, Feb. 15 /PRNewswire-FirstCall/ -- Integrys Energy Group, Inc. (NYSE: TEG) will host an Investor and Analyst Day in New York for institutional investors and analysts on Wednesday, February 17, 2010. The event will include presentations by the executive management team on the Company's business operations and anticipated financial results for 2010 and 2011, as well as Q&A sessions. Presentations will begin at 8:00 a.m. and will conclude at 12 noon (Eastern). The event will be...
CHICAGO, Feb. 3 /PRNewswire-FirstCall/ -- Integrys Energy Group, Inc. (NYSE: TEG) ("Integrys") today announced that its non-regulated subsidiary, Integrys Energy Services, Inc., ("Energy Services") has agreed to sell its Environmental Markets business to EDF Trading North America, LLC ("EDF Trading"). Integrys expects to close the sale in March 2010. The Environmental Markets business, which requires immaterial collateral support, largely consists of a portfolio of long-term Renewable...
CHICAGO, Jan. 20 /PRNewswire-FirstCall/ -- Integrys Energy Group, Inc. (NYSE: TEG; "Integrys") today announced that it has achieved the scale and risk-reduction objectives for its nonregulated subsidiary, Integrys Energy Services, Inc. ("Energy Services"). The Company expects that it will have divested a substantial portion of its nonregulated business by early second quarter 2010, resulting in a significant reduction in related collateral support requirements and capital invested....
CHICAGO, Jan. 13 /PRNewswire-FirstCall/ -- Integrys Energy Group, Inc. (NYSE: TEG) today announced that an affiliate of its nonregulated subsidiary, Integrys Energy Services, Inc., has closed a transaction to sell two of its power generation companies that own generation assets in northern Maine and New Brunswick, Canada to Algonquin Power & Utilities Corp. (Algonquin). The sale represents approximately 75 megawatts (MW) of the affiliate's 329.2-MW fleet. In addition, Integrys Energy...
CHICAGO, Dec. 28 /PRNewswire-FirstCall/ -- Integrys Energy Group, Inc. (NYSE: TEG) today announced that its nonregulated subsidiary, Integrys Energy Services, Inc., (Energy Services) has signed an agreement with Macquarie Cook Power, Inc. to sell substantially all of its wholesale electric marketing and trading business as part of Energy Services' intent to reduce the size and scope of its operations. Macquarie Cook Power is a subsidiary of Macquarie Group Limited (ASX: MQG). The...
CHICAGO, Dec. 7 /PRNewswire-FirstCall/ -- Integrys Energy Group, Inc. (NYSE: TEG) today announced that its nonregulated subsidiary, Integrys Energy Services, Inc., (Energy Services) on Friday closed the first transaction in the previously announced two-part sale of its wholesale natural gas marketing business. The transaction, which received the required approvals from the Federal Energy Regulatory Commission, does not include or directly affect the retail natural gas and electric marketing...
CHICAGO, Nov. 10 /PRNewswire-FirstCall/ -- Integrys Energy Group, Inc. (NYSE: TEG) today announced that WPS Power Development, LLC, a wholly owned subsidiary of its nonregulated subsidiary, Integrys Energy Services, Inc., signed an agreement to sell two of its power generation companies that own generation assets in northern Maine and New Brunswick, Canada. The sales represent approximately 75 megawatts (MW) of WPS Power Development's 329.2-MW fleet. In addition, Integrys Energy Services is...
CHICAGO, Nov. 4 /PRNewswire-FirstCall/ -- Integrys Energy Group, Inc. (NYSE: TEG) recognized net income attributed to common shareholders on a GAAP (generally accepted accounting principles) basis of $51.1 million ($0.66 diluted earnings per share) for the quarter ended September 30, 2009, compared with a net loss attributed to common shareholders on a GAAP basis of $59.1 million ($0.77 net loss per share) for the quarter ended September 30, 2008. Third quarter 2009 net income attributed...
CHICAGO, Oct. 29 /PRNewswire-FirstCall/ -- Integrys Energy Group, Inc. (NYSE: TEG) today announced that its nonregulated subsidiary, Integrys Energy Services, Inc., (Energy Services) has signed an agreement to sell its wholesale natural gas marketing business in a two-part transaction. The first part of this transaction involves substantially all of Energy Services' wholesale natural gas marketing business, which generated physical volumes of 445.6 billion cubic feet (Bcf) in 2007 and...
