10 November 2009-- Integrys Energy Services Inc. said that its unit, WPS Power Development LLC is selling two of its power generation companies to Algonquin Power & Utilities Corp. Terms were not disclosed.

The businesses own about 75 MW of generation assets in Maine and New Brunswick, Canada. Integrys Energy Services is also selling its associated sales and standard offer service contracts in northern Maine to Algonquin. The standard offer service and retail electric sales contracts in southern Maine are not included.

The transactions are expected to close in 2009 or 2010 following regulatory approvals. Financial terms of the transactions are not being disclosed, but a statement said the value is in line with Integrys Energy Group's recovered capital expectations.

J.P. Morgan Securities acted as exclusive financial advisor to Integrys Energy Group and Thorndike Landing acted as lead advisor to Integrys Energy Services for this transaction.
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