UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report: March 28, 2013
(Date of earliest event reported)
Commission File Number | Registrant; State of Incorporation Address; and Telephone Number | IRS Employer Identification No. |
1-3016 | WISCONSIN PUBLIC SERVICE CORPORATION (A Wisconsin Corporation) 700 North Adams Street P. O. Box 19001 Green Bay, WI 54307-9001 (800) 450-7260 | 39-0715160 |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.01 | Entry into a Material Definitive Agreement | ||
On March 28, 2013, Wisconsin Public Service Corporation (WPS) acquired all of the equity interests in Fox Energy Company LLC from Fox Energy OP, L.P., a subsidiary of GE, and Fox River Power, LLC, a subsidiary of Tyr Energy, Inc. The purchase included the Fox Energy Center, a 593-megawatt combined-cycle electric generating facility located in Kaukauna, Wisconsin, and associated contracts. WPS paid $391.6 million to purchase Fox Energy Company LLC, subject to post-closing working capital adjustments. Prior to the purchase, WPS supplied natural gas for the facility and purchased 500 megawatts of capacity and the associated energy output under a tolling agreement. WPS paid $50.0 million for the early termination of the tolling agreement. The purchase was financed with a combination of short-term debt and cash flow from operations. The short-term debt will be replaced later in 2013 with long-term financing. | |||
Item 9.01 | Financial Statements and Exhibits | ||
(a) | Not applicable. | ||
(b) | Not applicable. | ||
(c) | Not applicable. | ||
(d) | Exhibits. The following exhibit is being filed herewith: | ||
99 | Press release of Integrys Energy Group, Inc. dated March 28, 2013 |
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SIGNATURES | |
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. | |
WISCONSIN PUBLIC SERVICE CORPORATION By: /s/ James F. Schott James F. Schott Vice President and Chief Financial Officer | |
Date: April 2, 2013 |
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WISCONSIN PUBLIC SERVICE CORPORATION
Exhibit Index to Form 8-K
Dated March 28, 2013
Exhibit Number | |
99 | Press release of Integrys Energy Group, Inc. dated March 28, 2013 |
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