PROPOSED MERGER OF PARENT COMPANY WITH WISCONSIN ENERGY CORPORATION

6 Months Ended

Jun. 30, 2014

Business Combinations [Abstract]

PROPOSED MERGER OF PARENT COMPANY WITH WISCONSIN ENERGY CORPORATION

Proposed Merger of Parent Company with Wisconsin Energy Corporation

In June 2014, our parent company, Integrys Energy Group, entered into an Agreement and Plan of Merger with Wisconsin Energy Corporation. This transaction was approved unanimously by the Boards of Directors of both companies. It is subject to various approvals, including the shareholders of both companies, the FERC, Federal Communications Commission, PSCW, and other regulatory commissions. The transaction also is subject to the notification and clearance and reporting requirements under the Hart-Scott-Rodino Act and other customary closing conditions. The transaction is expected to close in the summer of 2015.