Sale of UPCCO completed

Posted by on August 28, 2014

ISHPEMING — Upper Peninsula Power Company announced Thursday that the sale of the utility has been completed.

This sale marks the return of UPPCO to its roots of being a Michigan-headquartered energy company. All approvals have been completed for Balfour Beatty Infrastructure Partners to acquire UPPCO from Integrys Energy Group.

UPPCO will be led by Barbara Siehr as Chief Executive Officer, Steve Manz as Chief Financial Officer, and Keith Moyle as Chief Operating Officer. Siehr and Manz are new to UPPCO, and bring over 50 years combined experience in utility and energy. Moyle has been with UPPCO since 2006 when he became their general manager.

“Our new leadership team is proud to be part of a tradition of delivering safe, reliable power to the many customers we are privileged to serve,” says Siehr. “Together our team of very talented and dedicated employees we look forward to building a new Upper Peninsula Power Company. We will also continue to be involved in the communities we serve.”

UPPCO became incorporated in 1947 when a merger took place between Houghton County Electric Light Company, Copper District Power Company and Iron Range Light and Power Company. UPPCO was acquired by Integrys Energy Group in 1998.

UPPCO’s 123 employees serve approximately 52,000 electric retail customers in 10 of the Upper Peninsula’s 15 counties.

Source: http://www.uppermichiganssource.com/news/story.aspx?list=194550&id=1089546#.U_-GzfldVvk 

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