April 5, 2010 (FinancialWire) — Integrys Energy Group, Inc. (NYSE: TEG) said that its nonregulated subsidiary, Integrys Energy Services, Inc., has sold substantially all of its wholesale electric marketing and trading business to Macquarie Cook Power, Inc. as part of Integrys Energy Services' strategy to reduce the size and scope of its operations.

Macquarie Cook Power, which was rebranded Macquarie Energy LLC in February 2010, is a subsidiary of Macquarie Group Ltd. (ASX: MQG).

The transaction included various power transactions, products and trading positions, including physical forwards, financial transmission rights and derivatives. This portfolio of transactions had an annual average total gross volume in excess of 125 million megawatt-hours over the past three years.

According to Integrys, the transactions did not directly affect the retail electric or natural gas marketing business operated by Integrys Energy Services.

The company said that the transaction will ultimately result in reduced collateral support requirements for Integrys Energy Group of around $400 million and completes the divestiture of Integrys Energy Service's wholesale businesses.

Illinois-based Integrys Energy Group is a holding company with regulated utility operations operating through six wholly owned subsidiaries, Wisconsin Public Service Corp., The Peoples Gas Light and Coke company, North Shore Gas company, Upper Peninsula Power company, Michigan Gas Utilities Corp., and Minnesota Energy Resources Corp.; nonregulated operations serving competitive energy markets through its wholly owned nonregulated subsidiary, Integrys Energy Services; and also a 34% equity ownership interest in American Transmission company LLC (an electric transmission company operating in Wisconsin, Michigan, Minnesota, and Illinois).

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