Wisconsin Energy completed the acquisition of Integrys Energy - forming the WEC Energy Group. The new company will provide electricity and natural gas to 4.4 million customers across four states through its customer facing brands - We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities, and Minnesota Energy Resources.
The industry’s transformation has begun. Should the F40 transform too?
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.
The dash to gas brings volatility in shareholder performance.
Fortnightly’s 2013 ranking of shareholder value performance shows substantial changes, with gas prices weighing on some utilities and elevating others.
NSTAR appoints new president; Southern Company names new financial management team; BPA gets new administrator; plus management changes at AEP, Duke, ITC, ConEdison, GDF Suez, ERCOT, MISO, NARUC, and others.
A challenging year brings a change in the rankings.
Doing the right thing can drive utility stock performance.
Utilities get little credit for their efforts to strengthen the sustainability of their businesses. But these efforts have paid dividends in stock performance, capital costs, regulatory relationships, and brand value. Capturing the greatest value for shareholders will require utilities to become better understood as socially responsible enterprises.