Integrys Energy Group
WEC Energy Group reported a 48% jump in net income for the fourth quarter, boosted by its acquisition of Integrys Energy Group.
The expanded company now serves 4.4 million customers in Wisconsin, Illinois, Michigan and Minnesota.
Ameren, Wisconsin Energy and Xcel Energy announced their first-quarter earnings results.
Exelon said first-quarter profit exceeded expectations, in part due to strong performances by PECO, Baltimore Gas and Electric and Constellation Energy.
Michigan regulators on Thursday approved Wisconsin Energy Corp.’s $9.1 billion acquisition of Illinois-based Integrys Energy — with the condition that the merged companies continue to operate the Presque Isle Power Plant in Michigan’s Upper Peninsula.
Multiple stakeholders have requested rehearing of FERC's order that MISO could no longer allocate broadly the SSR costs of keeping Presque Isle open.
Wisconsin Energy Corp. profits fell 16% in the fourth quarter on warmer weather and $6 million in costs related to its proposed acquisition of Integrys.
Wisconsin Energy and Integrys told FERC that their merger would not result in excessive market power and higher rates in Michigan’s Upper Peninsula.
Michigan officials and members of the state’s congressional delegation urged FERC to rethink its approach to the retiring Presque Isle power plant.
Wisconsin Energy’s proposed $9.1 billion acquisition of Integrys Energy Group has generated some notable opposition — including Michigan Gov. Rick Snyder.
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