Wisconsin Energy reaches agreement to sell Edison Sault Electric
Wisconsin Energy announced that it has reached a definitive agreement to sell Edison Sault Electric Company, one of its regulated utility subsidiaries, to Cloverland Electric Cooperative of Dafter, MI, for $61.5M. :theflyonthewall.com
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Wisconsin Energy sees FY12 continuing ops EPS $2.24-$2.29 vs. consensus $2.27
Expects to see growth from utilities, slight growth at We Power and lower costs at the corporate level due to reduced interest expense and our share buyback program. :theflyonthewall.com