Integrys Energy Services Closes on Sale of its Portfolio of Renewable Energy Certificates to EDF Trading North America, LLC
Chicago, IL– Integrys Energy Group, Inc. (NYSE: TEG; "Integrys") today announced that its non-regulated subsidiary, Integrys Energy Services, Inc., ("Energy Services") closed the sale of its Environmental Markets business to EDF Trading North America, LLC ("EDF Trading"). The Environmental Markets business required immaterial collateral support and largely consisted of a portfolio of long-term Renewable Energy Certificate contracts with generators and wholesalers. The sale did not involve Energy Services’ renewable solar or landfill gas projects owned by Integrys or its subsidiaries. In addition, the transaction did not include any Renewable Energy Certificates used to serve Energy Services’ retail customers.
Proceeds from the sale were in line with Integrys’ expectations. The financial terms and other conditions of the transaction are not being disclosed.
J.P. Morgan Securities acted as exclusive financial advisor to Integrys Energy Group, and Thorndike Landing acted as lead advisor to Integrys Energy Services for this transaction.
About Integrys Energy Group, Inc.
More information about Integrys Energy Group, Inc. is available online atwww.integrysgroup.com.
About EDF Trading
EDF Trading is a leader in the international wholesale energy markets. Its own portfolio of assets, combined with EDF Group businesses, give it the ability to source, supply, transport, store, blend and convert physical commodities across the wholesale energy markets.
EDF Trading is able to offer physical acquisition, management and delivery of natural gas, power and coal in the United States and Canada. It is one of the largest providers of market services to the wholesale gas and power sectors in North America specializing in energy logistics and asset optimization. In Europe, it is one of the largest participants in the power and gas markets and was one of the first entrants into the global market for liquefied natural gas. EDF Trading participates in the EU emissions market since it began and is one of the top buyers of carbon credits from Clean Development Mechanism projects around the world. The global coal and freight business is the largest importer of coal into Europe. EDF Trading is also a pioneer in the biomass market.
EDF Trading is a 100% owned subsidiary of EDF Group, Europe’s leading electricity producer, a major player in renewable energies, a significant participant in the worldwide revival of nuclear energy with a growing presence in the natural gas industry
For more information on EDF Trading, please visitwww.edftrading.com.
For More Information, Contact:
- Steven P. Eschbach, CFA
Vice President – Investor Relations
Integrys Energy Group, Inc.
(312) 228-5408
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