(Source: The Milwaukee Journal Sentinel)

By Don Walker, Milwaukee Journal Sentinel
Jul. 20--Integrys Energy Group Inc. announced Monday that its non-regulated energy subsidiary, Integrys Energy Services Inc., has signed an agreement to sell its energy consulting business to Minneapolis-based U.S. Energy Services Inc. for an undisclosed sum.
The transaction, which requires certain contractual consents, is expected to close in the third quarter of 2009.
Financial terms of the transaction are not being disclosed, but the value realized is in line with Integrys Energy Group's recovered capital expectations associated with its non-regulated segment divestiture plans, Integrys.
Through its energy consulting business, Integrys Energy Services provides energy advisory and information services for facility and corporate customers in the areas of risk management, strategic sourcing, utility data management and demand-side energy management. This activity required negligible collateral support and generated sales of approximately $4 million in 2008.
Integrys Energy Group is a diversified holding company with regulated utility operations operating through six wholly owned subsidiaries, Wisconsin Public Service Corp., The Peoples Gas Light and Coke Co., North Shore Gas Co., Upper Peninsula Power Co., Michigan Gas Utilities Corp., and Minnesota Energy Resources Corp.; non-regulated operations serving the competitive energy markets in the United States and Canada through its wholly owned non-regulated subsidiary, Integrys Energy Services; and also a 34% equity ownership interest in American Transmission Co. LLC (an electric transmission company operating in Wisconsin, Michigan, Minnesota and Illinois).
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