Integrys Energy Group

Integrys Energy Group
Public
Traded as NYSE: TEG
S&P 500 Component
Industry Energy
Founded 2007 (2007)
Headquarters Aon Center
Chicago, Illinois
, USA
Area served
Illinois
Michigan
Minnesota
Wisconsin
Key people
Charles A. Schrock
Products Natural Gas, Electricity
Revenue
  • Increase US$ 5,634.6 million (2013) [1]
  • Decrease US$ 4,212.4 million (2012) [1]
  • Increase US$ 567.7 million (2013) [1]
  • Increase US$ 467.5 million (2012) [1]
  • Increase US$ 351.8 million (2013) [1]
  • Increase US$ 281.4 million (2012) [1]
Total assets
  • Increase US$ 11,243.5 million (2013) [2]
  • Increase US$ 10,327.4 million (2012) [1]
Total equity
  • Increase US$ 3,313.4 million (2013) [1]
  • Increase US$ 3,076.8 million (2012) [1]
Number of employees
5,025
Subsidiaries Integrys Energy Services
Michigan Gas Utilities
Minnesota Energy Resources
North Shore Gas
Peoples Gas
Upper Peninsula Power Company
Wisconsin Public Service
Website www.integrysgroup.com

Integrys Energy Group, Inc. is 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.[3]


Utilities

The six regulated utilities consist of:

Subsidiaries

The company’s other subsidiaries are:

Criticism

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.[5]

References

  1. 1 2 3 4 5 6 7 8 9 "INTEGRYS ENERGY GROUP, INC. 2013 Annual Report Form (10-K)" (XBRL). United States Securities and Exchange Commission. February 27, 2014.
  2. "INTEGRYS ENERGY GROUP, INC. 2014 Q1 Quarterly Report Form (10-Q)" (XBRL). United States Securities and Exchange Commission. May 2, 2014.
  3. "Utility firms Wisconsin Energy and Integrys plan merger". Wisconsin Star. Retrieved 23 June 2014.
  4. http://www.integrysgroup.com/news/view_article.cfm?reckey=02482&companyID=uppco
  5. 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 links

This article is issued from Wikipedia - version of the Saturday, March 26, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.