Macquarie Group completes acquisition of Integrys Energy Services.
Global Banking News - 02 April 2010(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk
Australia's Macquarie Group (MQG: ASX) (ADR: MQBKY) has said that its subsidiary, Macquarie Energy Llc, has completed the acquisition of substantially all of the wholesale electric marketing and trading portfolio of Integrys Energy Services, Inc.
The portfolio consists of various power transactions, products and trading positions, including physical forwards, financial transmission rights and derivatives. The electric portfolio of Integrys Energy Services has had an average total volume in excess of 125 million megawatt-hours (MWh) over the past three years.
Headquartered in Houston, Macquarie Energy was formed following the merger of Macquarie Cook Power and Macquarie Cook Energy in February 2010.
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