Feb. 15 at 3:07 p.m.
Filed under:
Energy
By Wailin Wong
Chicago natural gas customers could see their bills go up by more than $100 a year in 2012 under a rate hike proposal that Peoples Gas filed Tuesday with the Illinois Commerce Commission.
Peoples Gas and North Shore Gas, subsidiaries of the Integrys Energy Group, said they are asking for higher rates to offset increased delivery costs. Peoples Gas is asking for a hike that would tack on about $9 per month to a typical small residential customer’s bill, adding up to $108 a year. The increase applies only to the delivery charge, with the cost of natural gas and taxes remaining the same, the utility said in a statement.
In the case of North Shore Gas, the utility is seeking a rate adjustment that would mean a $3 monthly increase for the typical customer, or roughly $36 a year. Get the full story »
Dec. 6, 2010 at 3:58 p.m.
Filed under:
Energy,
M&A
By Julie Wernau
Nicor Inc.’s stock price rose 4.24 percent to $46.76 today on reports that the Naperville energy company is set to announce a deal to be acquired by Atlanta-based AGL Resources.
The company has been shopping itself for months, courting regulated utilities and infrastructure funds with little success. Speculation arose last week that Integrys Energy Group Inc., parent of People’s Gas, was a considering a bid. AGL surfaced as Nicor’s likely buyer Monday in a report by Mergermarket, which tracks such deals and cited sources close to the situation. Get the full story »
Dec. 3, 2010 at 6:21 a.m.
Filed under:
Energy,
M&A
From Crain’s Chicago Business | Peoples Gas parent Integrys Energy Group Inc., which owns utilities in Wisconsin, Minnesota and Michigan,parent of Peoples Gas, is considering a bid for Naperville natural-gas utility Nicor Inc. At least one out-of-state utility and possibly a private-equity firm are also kicking Nicor’s tires. Get the full story>>
