Wisconsin Energy Corp. is to acquire Integrys Energy Group Inc. in a cash and stock deal worth $9.1 billion, including debt, to create a Midwest natural gas and power utility giant called WEC Energy Group Inc.
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Industry Brief
Integrys Energy Group Inc.’s natural gas fueling business unit,Trillium CNG,is building a high-volume compressed natural gas (CNG) fueling station in Kirkwood, NY, in the Southern Tier near the Pennsylvania border, primarily to meet the fleet fueling needs ofWillow Run Foods Inc., a regional food service supplier. The facility is to be designed with ultra-fast refueling for heavy-duty trucks, including two dispensers initially and room for expansion as demand for CNG grows, the company said.
Industry Brief
Integrys Energy Group’s Trillium CNG opened another fueling location for compressed natural gas (CNG) at a public transit center in Glenwood Springs, CO. The Roaring Fork Transportation Authority expects about one-third of its public transit buses will be running on CNG by this fall. Trillium builds and operates natural gas fueling stations throughout the nation. Trillium has been building these fueling stations for 20 years and won the contract with Roaring Fork through a competitive bid. The transit authority bills itself as the first rural bus rapid transit system in the nation, drawing recognition from the Obama administration last year. The new system will operate with CNG buses between Glenwood Springs and Aspen.
Illinois Utilities Seeking Rate Hikes
The Peoples Gas Light and Coke Co. and North Shore Gas Co., both Integrys Energy Group Inc. utilities, are seeking rate hikes from the Illinois Commerce Commission to take effect next year, in part to cover bad debt expense for gas commodity charges.