Integrys Energy Group, Inc. (TEG) announced that its non-regulated subsidiary, Integrys Energy Services, Inc., has agreed to sell its Environmental Markets business to EDF Trading North America, LLC. Financial terms not disclosed. Integrys expects to close the sale in March 2010.
The Environmental Markets business, which requires immaterial collateral support, largely consists of a portfolio of long-term Renewable Energy Certificate contracts with generators and wholesale buyers. The sale does not involve Energy Services' renewable solar or landfill gas projects owned by Integrys or its subsidiaries, the company stated.
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