Wisconsin Energy and Integrys Energy Group entered into a definitive agreement under which Wisconsin Energy will acquire Integrys in a transaction valued at $9.1 billion.
Manitoba Hydro signed two major power sales with Wisconsin Public Service (WPS), a subsidiary of Integrys Energy Group. The first sale, running from 2016-2021, is for 108 MW of firm power. The second sale - which will use electricity produced by the proposed new Conawapa Generating Station on the Nelson River - is for 308 MW of firm power for up to 10-years. The 308-MW sale is scheduled to start in 2027. A previously announced 100-MW sale to WPS is scheduled to run from 2021 to 2026, bridging the gap between these two new deals.
Integrys Energy Group and the infrastructure equity investment fund BBIP (Balfour Beatty Infrastructure Partners LP) entered into a definitive agreement in which Integrys will sell 100 percent of the stock of Upper Peninsula Power Company (UPPCO) to BBIP. UPPCO is a regulated electric utility business providing distribution and power supply service to approximately 52,000 residential, commercial and industrial customers in the Upper Peninsula of Michigan.