WEC Energy Group Selling Trillium CNG
By Richard Nemec, Natural Gas Intelligence.
Trillium CNG, a provider of compressed natural gas (CNG) to transportation fleets, reportedly is being put up for sale by its new parent company, Milwaukee-based WEC Energy Group.
WEC Energy acquired Trillium as part of its acquisition of Chicago-based gas utility holding company Integrys Energy (see Daily GPI, June 30).
A provider of CNG fueling stations and maintenance, Trillium's unregulated natural gas vehicle (NGV) business is not viewed by WEC as a good fit with its regulated natural gas and electric utility businesses. There would be about $140 million in assets involved in the Trillium sale, said a WEC spokesperson, adding that more details on the upcoming transaction would be available in the company's 10Q filing with the Securities and Exchange Commission in November.