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Minn. regulators OK Wisconsin Energy acquisition

MILWAUKEE (AP) — State regulators in Minnesota have approved a $9 billion transaction that combines Wisconsin Energy Corp. and Integrys Energy Group.

That leaves Illinois as the last state needed to approve the deal.

The Milwaukee utility holding company has now received approval from utility commissions in Wisconsin, Michigan and Minnesota as well as several federal agencies.

The deal would create WEC Energy Group, based in Milwaukee, with operations in four states and 4.4 million customers.

The Journal Sentinel reports in its decision, the Minnesota Public Utilities Commission declined Friday to require that Minnesota utility customers be awarded bill refunds or credits, as proposed by the state attorney general’s office.

Similar bill credits were sought for Wisconsin ratepayers by customer groups, but the Minnesota and Wisconsin agencies said the credits weren’t necessary.

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