February 27, 2015 6:09 PM ET

Electric Utilities

Company Overview of Wisconsin Public Service Corporation

Company Overview

Wisconsin Public Service Corporation operates as a regulated electric and natural gas utility company. It generates electricity using various sources, including coal, natural gas, wind, water, solar, and biogas. The company also distributes and sells electricity and natural gas to retail customers; and provides wholesale electric services to various customers, including municipal utilities, electric cooperatives, energy marketers, other investor-owned utilities, and municipal joint action agencies. It serves an approximate 12,000 square mile service territory in northeastern Wisconsin and an adjacent portion of Michigan's Upper Peninsula. The company provides electricity to approximately 445...

700 North Adams Street

PO Box 19001

Green Bay, WI 54307

United States

Founded in 1883

1,242 Employees

Phone:

920-433-5546

Fax:

866-430-6021

Key Executives for Wisconsin Public Service Corporation

Chairman and Chief Executive Officer
Age: 52
President and Director
Age: 55
Chief Financial Officer, Executive Vice President and Director
Age: 56
Vice President and Corporate Controller
Age: 55
Treasurer
Age: 44
Compensation as of Fiscal Year 2014.

Wisconsin Public Service Corporation Key Developments

We Energies Eyes Wisconsin Public

The parent of Wisconsin Electric Power Company (We Energies) intends to acquire Wisconsin Public Service Corporation.

Wisconsin Seeks Acquisitions

Wisconsin Public Service Corporation is seeking acquisitions. Wisconsin intends to use net proceeds from sale of securities for refund outstanding short-term indebtedness, refund outstanding long-term debt and pay the cost of construction or acquisition of capital assets. Any remaining proceeds will be used for other general corporate utility purposes.

Wisconsin Public Service Corp. Announces Coal Plant Upgrade

Wisconsin Public Service Corp. is adding the environmental controls at its Weston 3 coal-fired power plant, and received approval to build the project at a cost of $275 million. The utility is deploying a new kind of pollution control technology that has been used at coal plants in Japan but not the United States. The project is needed to help WPS comply with terms of a settlement it reached with the U.S. Environmental Protection Agency to reduce sulfur dioxide and nitrogen oxide pollution from its coal plants. After the project was approved, the utility increased the size of the system to enable it to collect more pollutants. The project also incurred additional engineering, design and fabrication costs.

Similar Private Companies By Industry

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 13, 2015
Wisconsin Public Service Corporation, Michigan Electric Distribution Assets
 

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