Peoples Energy
Encyclopedia
Peoples Energy was the former name of a holding company
whose main revenues came from its regulated gas
utility
subsidiaries Peoples Gas (formerly Peoples Gas Light and Coke Company) and the North Shore Gas Company. In February 2007 the Peoples Energy Corporation merged with Green Bay, Wisconsin-based Wisconsin Public Service Corporation
to form the Integrys Energy Group.
Established in 1900, North Shore Gas today is the natural gas delivery supplier to approximately 158,000 residential, commercial, and industrial customers in 54 communities in the northeastern-suburban area of Chicago.
In 1931, Chicago was connected with Texas via the Natural Gas Pipeline Company of America
, a 980-mile natural gas pipeline, co-owned by Peoples.
In February 2008 the Illinois Commerce Commission granted a controversial Peoples Gas/North Shore Gas request for a customer delivery rate increase. The approval, settled at $71 million, was expected to increase the average monthly customer gas bill by $7, or 4% to 5%. Peoples Gas/North Shore Gas, citing in part it had not filed for an increase in 12 years, initially sought a $102.5 million delivery rate increase in this proceeding.
Other Integrys subsidiaries include Peoples Energy Resources Company, LLC, Peoples Energy Services Corporation, Peoples Energy Production Company and Peoples District Energy Corporation, providing services in the oil and gas production
, natural gas power generation
, midstream
services, and retail energy services industries. Integrys also owns and operates regulated and non-regulated energy businesses in Michigan, Minnesota and Wisconsin.
Holding company
A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...
whose main revenues came from its regulated gas
Natural gas
Natural gas is a naturally occurring gas mixture consisting primarily of methane, typically with 0–20% higher hydrocarbons . It is found associated with other hydrocarbon fuel, in coal beds, as methane clathrates, and is an important fuel source and a major feedstock for fertilizers.Most natural...
utility
Public utility
A public utility is an organization that maintains the infrastructure for a public service . Public utilities are subject to forms of public control and regulation ranging from local community-based groups to state-wide government monopolies...
subsidiaries Peoples Gas (formerly Peoples Gas Light and Coke Company) and the North Shore Gas Company. In February 2007 the Peoples Energy Corporation merged with Green Bay, Wisconsin-based Wisconsin Public Service Corporation
Wisconsin Public Service Corporation
Wisconsin Public Service Corporation is a utility company headquartered in Green Bay, Wisconsin, and the company covers northeastern and north central Wisconsin as well as the southern tip of Michigan's Upper Peninsula....
to form the Integrys Energy Group.
History
Established in 1855, Peoples Gas today is the natural gas delivery supplier to approximately 830,000 residential, commercial and industrial customers in Chicago, Illinois. Peoples Gas currently has approximately 1,500 employees. Services provided to customers and maintenance of approximately 4,300 miles of natural gas main is the primary function of 850 field and support employees, represented by the Gas Workers Union, Local 18007.Established in 1900, North Shore Gas today is the natural gas delivery supplier to approximately 158,000 residential, commercial, and industrial customers in 54 communities in the northeastern-suburban area of Chicago.
In 1931, Chicago was connected with Texas via the Natural Gas Pipeline Company of America
Natural Gas Pipeline Company of America
Natural Gas Pipeline Company of America is a natural gas pipeline which brings gas from the Texas Permian Basin and Gulf of Mexico into the Chicago area. It has two legs, one which goes to New Mexico and the other of which goes to the Gulf of Mexico. The legs of the pipeline crossover proximate...
, a 980-mile natural gas pipeline, co-owned by Peoples.
In February 2008 the Illinois Commerce Commission granted a controversial Peoples Gas/North Shore Gas request for a customer delivery rate increase. The approval, settled at $71 million, was expected to increase the average monthly customer gas bill by $7, or 4% to 5%. Peoples Gas/North Shore Gas, citing in part it had not filed for an increase in 12 years, initially sought a $102.5 million delivery rate increase in this proceeding.
Other Integrys subsidiaries include Peoples Energy Resources Company, LLC, Peoples Energy Services Corporation, Peoples Energy Production Company and Peoples District Energy Corporation, providing services in the oil and gas production
Upstream (oil industry)
The oil and gas industry is usually divided into three major components: Upstream, midstream and downstream, though midstream operations are usually included in the downstream category....
, natural gas power generation
Electricity generation
Electricity generation is the process of generating electric energy from other forms of energy.The fundamental principles of electricity generation were discovered during the 1820s and early 1830s by the British scientist Michael Faraday...
, midstream
Midstream
The petroleum industry is usually divided into three major components: upstream, midstream and downstream. Midstream operations are usually included in the downstream category....
services, and retail energy services industries. Integrys also owns and operates regulated and non-regulated energy businesses in Michigan, Minnesota and Wisconsin.