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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
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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. NSP would have been the nominal survivor, and the
437:
WICOR, holding company of
Wisconsin Gas, became part of Wisconsin Energy, creating the largest electric and natural gas provider in Wisconsin. The corporation also announced a 10-year plant to invest US$ 7.0 billion to build five new power plants, to upgrade existing plants and to improve its
444:
American
Transmission Company, the first multi-state all-transmission utility in the United States, was formed by Wisconsin's major utilities, and Wisconsin Electric transferred ownership of its transmission lines to American Transmission in exchange for shares in the new
591:, the SEC, and state regulators in Minnesota and Wisconsin. 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.
463:
Construction of two 615-megawatt coal-fired units began at the Oak Creek Power Plant site. The same year, the first of two 545-megawatt natural-gas-fueled units began commercial operation at Port
Washington Generating
329:
to provide interurban rail service in a 12,000-square-mile (31,000 km) area of southeastern
Wisconsin. In time, the company began selling electricity not needed to power the interurban trains to individuals and
346:
Wisconsin
Electric Power Company is formed by the North American Company to build and operate the Lakeside Power Plant in St. Francis, Wisconsin. Lakeside was the world's first power plant to burn pulverized coal
500:
The first of two 615-megawatt coal-fueled units at the company's Oak Creek expansion site attains commercial operation on Feb. 2. Wisconsin Energy completed the sale of Edison Sault
Electric Company to
511:
The second of two 615-megawatt coal-fueled units at the company's Oak Creek expansion site attains commercial operation on Jan. 12. Glacier Hills Wind Park began operating 90 turbines in the towns of
917:
525:
A 50-megawatt, biomass-based, cogeneration facility in
Rothschild, Wisconsin, began commercial operation to provide base-load power for the electric system and steam to the Domtar paper mill.
551:
WEC Energy Group acquired
Bluewater Gas Storage, a Michigan-based company, to provide about one-third of storage needs for WEC Energy Group's natural gas distribution companies in Wisconsin.
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The first of five 80-megawatt units at Port
Washington Power Plant was brought on line. From 1935 to 1948, Port Washington was the most efficient coal-fueled power plant in the world.
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Wisconsin Energy sold Point Beach Nuclear Plant to FPL Energy for approximately US$ 924 million, with We Energies entitled to the output for the life of the plant.
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Wisconsin Electric purchased Wisconsin Gas & Electric Company and Wisconsin Michigan Power Company, which also had been under the North American Company.
407:
Wisconsin Electric reorganized as a holding company, Wisconsin Energy Corporation, with Wisconsin Electric, Wispark, Wisvest and Witech as subsidiaries.
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587:
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
715:
902:
181:
We Energies, the umbrella name for Wisconsin Electric Power and Wisconsin Gas, provides electricity and natural gas to customers in Wisconsin
184:
588:
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516:
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Wisconsin Energy sold the non-energy assets of WICOR for US$ 850 million as part of its strategy to divest its non-core businesses.
417:-based Wisconsin Southern Gas Co. and merged it into Wisconsin Natural, which subsequently merged with Wisconsin Electric in 1995.
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502:
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began operation on a 10,600-acre (43 km) site with 88 turbines (145-megawatt capacity) in Wisconsin's Fond du Lac County.
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340:) in downtown Milwaukee, proved that use of pulverized coal reduced the cost of producing electric power and conserved fuel.
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in the utilities industry, putting an end to the rapid pace of mergers and acquisitions that had been ongoing up to then.
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Bluewater Gas Storage provides natural gas storage and hub services for We Energies and Wisconsin Public Service
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Wispark develops and invests in real estate, industrial/office buildings and urban redevelopment projects
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We Energies received approval to construct and operate the Glacier Hills Wind Park in Wisconsin's
535:, parent company of Peoples Gas, North Shore Gas and Wisconsin Public Service, for $ 9.1 billion.
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Wisconsin Electric becomes an independent company, no longer part of the North American Company.
584:(headquarters of the old NSP), but the merged company would have been registered in Wisconsin.
246:
Upper Michigan Energy Resources provides electric and natural gas to customers in Michigan's
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provides electricity and natural gas to customers in northeastern and northcentral Wisconsin
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Wisconsin Energy Corp., Northern States Power Co. Agree to Terminate Merger Proceedings
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that provides electricity and natural gas to 4.4 million customers across four states.
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Michigan Gas Utilities Corporation provides natural gas to customers in lower Michigan
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Minnesota Energy Resources Corporation provides natural gas to customers in Minnesota
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716:"Wisconsin Energy to acquire Integrys Energy Group in $ 9.1 billion deal (Video)"
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Monopoly Concerns Scuttled WE Energy Deal and Primergy and Northern States Power
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505:. In May, construction began on the Glacier Hills Wind Park in Columbia County.
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North Shore Gas provides natural gas to customers in Chicago's northern suburbs
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781:, SEC Info, Filed On 5/3/95, SEC File 1-09057, Accession Number 107815-95-8
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Wisconsin Electric and Wisconsin Gas began doing business as We Energies.
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Milwaukee Electric Railway and Light was merged into Wisconsin Electric.
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Wisconsin Electric placed into service the first 120-megawatt unit at
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WEC Infrastructure designs, builds and owns electric generating plants
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793:, Filed On 5/3/95, SEC File 1-03034, Accession Number 898822-95-46
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began operation and gained a worldwide reputation for efficiency.
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Experiments at the company's East Wells Power Plant (then called
755:"WEC Energy Group to pay $ 230 million for natural gas company"
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Wisconsin River Power Company, WEC Energy Group owns 50% while
257:
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Wisconsin Electric placed the first 580-megawatt unit at
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North American Co. v. Securities and Exchange Commission
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Wisconsin Energy bought ESELCO, parent company of the
381:. Seven additional units were completed through 1968.
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918:Hydroelectric power companies of the United States
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531:Wisconsin Energy announced that it was purchasing
116:Gale Klappa, Executive Chairman, Scott Lauber, CEO
560:On May 3, 1995, Wisconsin Energy Corporation and
898:Companies listed on the New York Stock Exchange
401:into service. A second unit was added in 1985.
908:Electric power companies of the United States
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8:
689:"Wisconsin Energy completes Eselco purchase"
323:Milwaukee Electric Railway and Light Company
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842:, June 23, 2014. Retrieved July 20, 2015.
819:Primergy too strong for regulators' taste
580:merged company would be headquartered in
541:The company completed its acquisition of
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913:American companies established in 1896
7:
923:Energy companies established in 1896
860:Business data for WEC Energy Group:
185:Wisconsin Public Service Corporation
220:to customers in the city of Chicago
574:Securities and Exchange Commission
387:Wisconsin Electric's 908-megawatt
325:was formed as a subsidiary of the
313:Headquarters building in Milwaukee
14:
928:1896 establishments in Wisconsin
714:Schuyler, David (23 June 2014).
262:
163:is an American company based in
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779:Wisconsin Energy Corp. Form 8-K
753:Dill, Molly (2 February 2017).
503:Cloverland Electric Cooperative
545:in a deal worth $ 9.1 billion.
478:Blue Sky Green Field Wind Farm
277:format but may read better as
1:
648:Wisconsin River Power Company
562:Northern States Power Company
438:electric distribution system.
425:Edison Sault Electric Company
903:Companies based in Milwaukee
595:case was considered to be a
87:; 128 years ago
743:, WEC Energy Group, July 29
413:Wisconsin Energy purchased
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840:Milwaukee Journal Sentinel
823:Milwaukee Journal Sentinel
693:Milwaukee Business Journal
589:U.S. Department of Justice
791:Xcel Energy Inc. Form 8-K
389:Point Beach Nuclear Plant
24:
678: (1946). FindLaw.com
16:American Utility Company
286:converting this article
327:North American Company
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20:WEC Energy Group, Inc.
543:Integrys Energy Group
533:Integrys Energy Group
379:Oak Creek Power Plant
338:Oneida Street Station
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77:Diversified utilities
808:, PRNewswire, May 16
676:327 U.S. 686
165:Milwaukee, Wisconsin
104:Milwaukee, Wisconsin
136:Number of employees
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620:"WEC Energy Group"
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288:, if appropriate.
203:owns the other 50%
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140:8,000 (2017)
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290:Editing help
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171:Subsidiaries
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128:7.65 billion
100:Headquarters
34:Company type
875:SEC filings
721:bizjournals
582:Minneapolis
431:, Michigan.
427:, based in
415:Lake Geneva
330:businesses.
218:natural gas
64:S&P 500
892:Categories
644:"About Us"
629:2018-12-18
603:References
597:bellwether
492:Rothschild
112:Key people
865:Bloomberg
298:July 2015
228:Minnesota
216:provides
176:Wisconsin
66:component
46:Traded as
759:biztimes
653:21 April
577:Form 8-K
513:Randolph
464:Station.
445:company.
238:Michigan
208:Illinois
74:Industry
764:22 June
727:22 June
699:22 June
624:Fortune
568::
254:History
145:Website
121:Revenue
90: (
82:Founded
57::
880:Yahoo!
870:Google
674:,
273:is in
130:(2017)
106:, U.S.
38:Public
517:Scott
279:prose
766:2021
729:2021
701:2021
655:2021
570:NSP)
566:NYSE
549:2017
539:2015
529:2014
523:2013
515:and
509:2011
498:2010
484:2009
476:The
474:2008
468:2007
461:2005
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421:1998
411:1994
405:1987
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375:1953
369:1946
363:1941
357:1938
351:1935
344:1921
334:1919
321:The
319:1896
275:list
152:.com
126:US$
92:1896
85:1896
55:NYSE
838:".
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59:WEC
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