Integrys Energy Group, Inc., the parent company of the Upper Peninsula Power Company, announced it's first quarter earnings, according to Yahoo! Finance.
The group, which owns several power companies, announced earnings this quarter, which is a very positive sign considering they were at a loss this time last year.
Excerpt: "We made great strides on executing our business plan in the first quarter of 2010. We continued our operational excellence initiatives, received rate increases for our Illinois natural gas regulated utilities, filed an electric and natural gas rate case for Wisconsin Public Service Corporation, and completed the sale of our nonregulated wholesale electric marketing business," said Charles A. Schrock, Chairman, President and CEO of Integrys Energy Group, Inc. "These efforts will help support achieving our financial expectations for 2010 and 2011."
For more information or to read the article, go
here.
Source: Yahoo! Finance
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