Integrys Energy Group Closes Sale of its Environmental Markets Business to EDF Trading North America

Integrys Energy Group announced that the sale of Integrys Energy Services’ Environmental Markets business to EDF Trading North America has been closed. Integrys Energy Services is a non-regulated subsidiary of Integrys Energy Group.

The Environmental Markets business of Integrys Energy Services mostly comprised a portfolio of long-term Renewable Energy Certificate contracts with wholesalers and generators. The transaction did not involve the company’s landfill gas or renewable projects belonging to it or its subsidiaries. Renewable Energy Certificates that are used to serve the company’s retail customers are also not included in the transaction.

The sale proceeds were as expected by Integrys. Transaction details including financial terms are not disclosed. Integrys Energy Group’s exclusive financial advisor for this transaction was .P. Morgan Securities while lead advisor to Integrys Energy Services was Thorndike Landing.