|By Marketwired .||
|May 7, 2014 06:13 PM EDT||
CHICAGO, IL -- (Marketwired) -- 05/07/14 -- Trillium CNG, a business unit of Integrys Energy Group, Inc. (NYSE: TEG), announced today that it is on schedule in executing its growth strategy announced last June and intends to provide 101 public access Class 8 accessible CNG stations by year-end 2016. The site locations are based on customers' demands that CNG fueling stations be built near their key shipping lanes with proximity to major interstate highways.
Since June 2013, Trillium CNG added eight heavy duty public access CNG fueling stations to its network and has an additional 26 sites under contract, expected to be built by the end of this year. According to the April 20 U.S. Department of Energy's Alternative Fuels Data Center (AFDC) data base, this is about twice the number of planned CNG public fueling stations compared to its nearest competitor. By the end of 2014, Trillium CNG expects to have 61 CNG public fueling stations either in operation or under contract.
The Trillium business model for public access stations consists of securing a fuel purchase agreement with a customer for each station location. Trillium offers a flexible business model to meet a wide range of customer needs for both public access and private CNG fueling locations. Mary Boettcher, president of Trillium CNG says, "Fleet operators know that we stake our reputation on delivering a great fueling experience for our customers -- fast, safe and reliable."
This news release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. You can identify these statements by the fact that they do not relate strictly to historical or current facts and often include words such as "anticipate," "expect," "intend," and other similar words. Forward-looking statements are beyond the ability of Integrys Energy Group to control and, in many cases, Integrys Energy Group cannot predict what factors would cause actual results to differ materially from those indicated by forward-looking statements. Please see Integrys Energy Group's periodic reports filed with the Securities and Exchange Commission (including its 10-K and 10-Qs) for a listing of certain factors that could cause actual results to differ materially from those contained in forward-looking statements.
About Trillium CNG
Trillium CNG is a leading provider of CNG to fleets, and also offers complete facility design, construction, operation and maintenance services. Our focus is on fueling heavy-duty fleets that require high-performance solutions. For more information, visit www.TrilliumCNG.com.
About Integrys Energy Group, Inc.
Integrys Energy Group, Inc. (TEG) is a diversified energy holding company with regulated natural gas and electric utility operations (serving customers in Illinois, Michigan, Minnesota and Wisconsin), an approximate 34 percent equity ownership interest in American Transmission Co. (a federally regulated electric transmission company), and nonregulated energy operations. For more information, visit www.integrysgroup.com.
Scott M. Magnus