Jump to Navigation

Top Matters

Bracewell Represents Integrys Energy Group, Inc. in the Sale of its Retail Energy Supply Business to Exelon Corporation

August 4, 2014

Bracewell & Giuliani LLP is representing Integrys Energy Group, Inc. (NYSE: TEG) in connection with its definitive agreement to sell  Integrys Energy Services, Inc., a competitive retail electricity and natural gas subsidiary servicing approximately 1.2 million commercial, industrial, public sector and residential customers across 22 Midwest, mid-Atlantic and Northeastern states, and the District of Columbia, to Exelon Corporation (NYSE: EXC).  Integrys Energy Services will become part of Exelon's Constellation business unit, strengthening Constellation's retail power and gas business, serving approximately 2.5 million residential and business customers across the continental United States.
The transaction is expected to close in fourth quarter 2014 or first quarter 2015, after receipt of applicable regulatory approvals.
Bracewell attorneys working on the transaction include:
Partners: John G. Klauberg and Frederick J. Lark
Associates: Michael E. Espinoza, Marissa A. Smith, and Vivian Y. Ouyang