Wisconsin Energy gets final approval on Integrys deal

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Milwaukee-based Wisconsin Energy Corp. on Wednesday received the approval of the Illinois Commerce Commission, the last OK it needed to complete its $9.1 billion acquisition of Integrys Energy Group Inc.

The energy company is waiting for the final written approvals from the ICC and the Minnesota Public Utilities Commission, which approved the transaction on June 12.

This week, Integrys and Wisconsin Energy extended the end dates defined in their merger agreement to extend beyond the one year term they agreed upon, to allow for receipt of all the required government approvals. The WE Energies parent’s acquisition of Integrys, the parent of Green Bay-based Wisconsin Public Service Corp., has also been approved by the Federal Energy Regulatory Commission, the Michigan Public Service Commission and the Public Service Commission of Wisconsin.

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The new company would be called WEC Energy Group, and would serve more than 4.3 million electric and natural gas customers in Wisconsin, Illinois, Michigan and Minnesota.

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