 | |
| Company type | Public |
|---|---|
| Industry | Diversified utilities |
| Founded | 1896 |
| Headquarters | Milwaukee, Wisconsin, U.S. |
Key people | Gale Klappa, Executive Chairman, Scott Lauber, CEO |
| Revenue | US$7.65 billion (2017) |
Number of employees | 8,000 [1] (2017) |
| Website | wecenergygroup |
WEC Energy Group is an American company based in Milwaukee, Wisconsin that provides electricity and natural gas to 4.4 million customers across four states. [1]
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On May 3, 1995, Wisconsin Energy Corporation and Northern States Power Company (NYSE : NSP) each filed a Securities and Exchange Commission Form 8-K to combine in a merger-of-equals transaction to form Primergy Corporation. It would have been the 10th largest investor-owned electric and gas utility company in the United States, based on market capitalization at that time of about US$6.0 billion. [8] [9] NSP would have been the nominal survivor, and the merged company would be headquartered in Minneapolis (headquarters of the old NSP), but the merged company would have been registered in Wisconsin.
On May 16, 1997, both CEOs announced that the boards of directors of both companies had terminated the merger plan because of approval delays by the U.S. Department of Justice, the SEC, and state regulators in Minnesota and Wisconsin. [10] They also stated that regulatory agencies were changing their merger policies as they were considering the companies' filing and that further delay would reduce the benefits of the Primergy transaction. [10]
The delay already had put the merger five months behind schedule and had reduced earnings for both utilities by a total of US$58 million to that point. In addition, Wisconsin Energy's stock had fallen about 13% since early 1995 when the deal had been announced, while NSP's stock had risen by 6%. The case was considered to be a bellwether in the utilities industry, putting an end to the rapid pace of mergers and acquisitions that had been ongoing up to then. [11] [12]
Southern Company is an American gas and electric utility holding company based in the Southern United States. It is headquartered in Atlanta, Georgia, with executive offices located in Birmingham, Alabama. As of 2021 it is the second largest utility company in the U.S. in terms of customer base. Through its subsidiaries it serves 9 million gas and electric utility customers in 6 states. Southern Company's regulated regional electric utilities serve a 120,000-square-mile (310,000 km2) territory with 27,000 miles (43,000 km) of distribution lines.
Puget Sound Energy, Inc. (PSE) is an energy utility company based in the U.S. state of Washington that provides electrical power and natural gas to the Puget Sound region. The utility serves electricity to more than 1.2 million customers in Island, King, Kitsap, Kittitas, Pierce, Skagit, Thurston, and Whatcom counties, and provides natural gas to 877,000 customers in King, Kittitas, Lewis, Pierce, Snohomish and Thurston counties. The company's electric and natural gas service area spans 6,000 square miles (16,000 km2).
Xcel Energy Inc. is a U.S. regulated electric utility and natural gas delivery company based in Minneapolis, Minnesota, serving more than 3.7 million electric customers and 2.1 million natural gas customers across parts of eight states. It consists of four operating subsidiaries: Northern States Power-Minnesota, Northern States Power-Wisconsin, Public Service Company of Colorado, and Southwestern Public Service Co.
Northern States Power Company (NYSE: NSP) was a publicly traded S&P 500 electric and natural gas utility holding company based in Minneapolis, Minnesota, that is now a subsidiary of Xcel Energy.
American Electric Power Company, Inc. (AEP), is an American domestic electric utility company in the United States. It is one of the largest electric utility companies in the country, with more than five million customers in 11 states.
Exelon Corporation is a public utility headquartered in Chicago, and incorporated in Pennsylvania. Exelon is the largest electric parent company in the United States by revenue and is the largest regulated electric utility in the United States with approximately 10 million customers. The company is ranked 99th on the Fortune 500.
Constellation Energy Corporation is an American energy company headquartered in Baltimore, Maryland. The company provides electric power, natural gas, and energy management services. It has approximately two million customers across the continental United States.
DTE Energy is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services in the United States and Canada. Its operating units include an electric utility serving 2.2 million customers and a natural gas utility serving 1.3 million customers in Michigan.
Consumers Energy is an investor owned utility that provides natural gas and electricity to 6.7 million of Michigan's 10 million residents. It serves customers in all 68 of the state's Lower Peninsula counties. It is the primary subsidiary of CMS Energy. The company was founded in 1886 and is currently headquartered in Jackson, Michigan.
The North American Company was a holding company incorporated in New Jersey on June 14, 1890, and controlled by Henry Villard, to succeed to the assets and property of the Oregon and Transcontinental Company. It owned public utilities and public transport companies and was broken up in 1946, largely to comply with the Public Utility Holding Company Act of 1935.
Ameren Corporation is an American power company created December 31, 1997, by the merger of Union Electric Company of St. Louis, Missouri and the neighboring Central Illinois Public Service Company of Springfield, Illinois. It is now a holding company for several power companies and energy companies. The company is based in St. Louis, with 2.4 million electric, and 900,000 natural gas customers across 64,000 square miles in central and eastern Missouri and the southern four-fifths of Illinois by area.
The Upper Peninsula Power Company (UPPCO) is an electrical power utility provider headquartered in Marquette, Michigan, with service centers in Escanaba, Houghton, Iron River, Ishpeming, Munising and Ontonagon.
Integrys Energy Group, Inc. was 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 was Charles A. Schrock. On June 23, 2014, Integrys announced that it was being acquired by Wisconsin Energy Corporation for $9.1 billion. Also in 2014, Integrys entered into an agreement to sell 100% of the Upper Peninsula Power Company (UPPCO) to Balfour Beatty Infrastructure Partners LP for $298.9 million.
MidAmerican Energy Company is an energy company based in Des Moines, Iowa. Its service area includes almost two-thirds of Iowa, as well as portions of Illinois, South Dakota, and Nebraska. Its territory is wholly encompassed by the territory of the Midcontinent Independent System Operator. Major cities in MidAmerican Energy's service territory are Des Moines, Sioux City, Sioux Falls, Council Bluffs, Waterloo, Iowa City, and the Quad Cities.
Peoples Gas is a gas utility subsidiary of WEC Energy Group serving the city of Chicago, Illinois, and its northern suburbs.
Oak Creek Power Plant, also known as South Oak Creek, is a base load, coal- and natural gas-fired, electrical power station located on Lake Michigan in Oak Creek, Wisconsin. Oak Creek Power Plant along with Elm Road Generation Station make up the entire Oak Creek Generating Site.
Columbia Energy Center is a base load, sub-bituminous coal-fired, electrical power station located south of Portage in the Town of Pacific, Columbia County, Wisconsin. Ownership is 46.2% Wisconsin Power and Light Company, 31.8% Wisconsin Public Service, and 22% Madison Gas and Electric (MGE).
Edgewater Generating Station is a 380 megawatt (MW) coal power plant located on the south side of Sheboygan, Wisconsin, on the shore of Lake Michigan, whose waters are used to provide cooling. It provides electricity for customers in the northeastern part of Alliant Energy's Wisconsin Power & Light service area and service to several local municipal utilities. In 2009, it was the seventh largest generating station in Wisconsin, with a net summer capacity of 767 MW.
J. P. Pulliam Generating Station was an electrical power station powered by sub-bituminous coal, which could also be substituted by natural gas. It was located in Green Bay, Wisconsin in Brown County. The plant was named after the former Wisconsin Public Service Corporation president John Page Pulliam. The plant units were connected to the power grid via 138 kV and 69 kV transmission lines. The remaining coal units on site were decommissioned in 2018 leaving only the natural gas fired P31 unit active at the site.
Wisconsin Public Service Corporation (WPS) is a utility company headquartered in Green Bay, Wisconsin. The company serves more than 450,000 electric customers and more than 333,000 natural gas customers in 27 counties in eastern, northeastern northern, and central Wisconsin, and a small portion of Michigan's Upper Peninsula.