Mostly lower-risk monopolistic, rate-regulated electric and gas businesses; Management's proactive efforts to decrease regulatory risk; Restructured, smaller size, lower-risk nonutility businesses; and Historically improved financial measures. A continued weak economy and slow growth could weaken cash flow over the medium term; and Increased capital spending over the medium term. The ratings on Integrys Energy Group Inc. reflect its "excellent" business risk profile and "significant" financial risk profile. (For more on business risk and financial risk, see "Business Risk/Financial Risk Matrix Expanded," published May 27, 2009, on RatingsDirect on the Global Credit Portal.) Integrys's rate-regulated electric and gas utility subsidiaries include: Wisconsin Public Service Corp. (WPS); Peoples Gas Light & Coke Co. (PG), a subsidiary of intermediate holding company Peoples Energy...
Companies mentioned in this report are: Integrys Energy Group Inc.,North Shore Gas Co.,The Peoples Gas Light & Coke Co.,Wisconsin Public Service Corp.,Peoples Energy Corp.
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