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Shell Energy Closes on Acquisition of Integrys Energy Services’ Canadian Natural…

Reuters

Mon Sep 21, 2009 7:30am EDT

Shell Energy Closes on Acquisition of Integrys Energy Services’ Canadian Natural Gas and Power Customer Contract Portfolio

HOUSTON, Sept. 21 /PRNewswire/ — Shell Energy North America (Canada) Inc., a subsidiary of Shell Energy North America (US), L.P. (Shell Energy), today announced it closed on its acquisition of the Canadian natural gas and power customer contract portfolio of Integrys Energy Services of Canada Corp., a wholly owned subsidiary of Integrys Energy Services, Inc.

Effective October 1, 2009, these customer contracts will be integrated into Shell Energy’s existing natural gas and power portfolio.

“We’re very pleased to have closed this deal and strengthened Shell Energy’s presence in these key Canadian markets. The additional scale this acquisition provides will allow us to continue to expand our portfolio creating new efficiencies and synergies for all of our customers. We look forward to helping our customers solve their energy and environmental challenges and we
are committed to growing our business in these markets,” said Mark Quartermain, Shell Energy president.

Houston-based Shell Energy, a wholly owned subsidiary of Royal Dutch Shell plc (Shell), serves its customers through its regional offices, which are located throughout the United States and Canada. Shell Energy is an integral part of the Shell Trading network of companies and is the primary marketer of Shell’s equity natural gas in North America. As a leader in gas and power marketing, Shell Energy and its subsidiaries, trade and market natural gas, wholesale power, environmental products and risk management products with counterparties and customers throughout the region. As a part of Shell, it leverages Shell’s resources, global reach, employee expertise and financial strength to offer integrated, comprehensive energy solutions tailored to meet the needs of its wide variety of customers including large commercial and industrial users, local gas distribution companies, electric utilities, independent power producers, retail energy aggregators and oil and gas companies. More information about Shell Energy is available at www.shell.com/us/energy.

Shell is one of North America’s leading oil and natural gas producers, natural gas marketers, gasoline marketers and petrochemical manufacturers. Operating in Canada since 1911, Shell Canada Limited is one of the largest integrated
petroleum companies in the country in which it produces natural gas, natural gas liquids and bitumen, and is Canada’s largest producer of sulphur. In the United States, Shell Oil Company is one of the leading oil and gas producers in the deepwater Gulf of Mexico, and is a recognized pioneer in oil and gas exploration and production technology.

Royal Dutch Shell plc is incorporated in England and Wales, has its headquarters in The Hague and is listed on the London, Amsterdam, and New York stock exchanges. Shell companies have operations in more than 100 countries with businesses including oil and gas exploration and production; production and marketing of liquefied natural gas and gas to liquids; manufacturing, marketing and shipping of oil products and chemicals and renewable energy projects, including wind and solar power.

SOURCE Shell Energy North America

Shell Oil Company, Shell Media Line, +1-713-241-4544

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