News Releases

Upper Peninsula Power Company

For Release: 06/19/2009

UPPCO Reacquires Hydroelectric Project Land in Settlement

Shoreline Management Plan Process to Continue

Houghton, MI – Upper Peninsula Power Company (UPPCO), a subsidiary of Integrys Energy Group (NYSE: TEG), has reached settlement of a lawsuit filed against it by Naterra Land. Terms of the settlement were not disclosed and are confidential, but they did include a provision by which UPPCO bought back land it sold to Naterra in December 2005.

"We're pleased to come to a resolution of this matter," said UPPCO Vice President Keith Moyle. "It's clear that the parties had different understandings of the sale agreement. We think it was best for both companies to come to an agreement and move on."

Moyle said UPPCO has no current plans for the non-project land at Bond Falls (960 acres), Boney Falls (150 acres), and Cataract Basin (250 acres). "We'll assess our options for those lands," Moyle said. "In the meantime, we'll continue to pursue the Shoreline Management Plan (SMP) process with the Federal Energy Regulatory Commission."

There is no timetable established for FERC to complete its consideration of the SMPs.

For More Information, Contact:

  • Keith Moyle, Vice President & General Manager
  • Media Hotline