Who Owns Minnesota Energy Resources?
Minnesota Energy Resources is owned by WEC Energy Group, Inc. (NYSE: WEC), a publicly traded utility holding company headquartered in Milwaukee, Wisconsin. Created in 2006 when WPS Resources acquired Aquila's Minnesota gas operations, it delivers natural gas to more than 256,000 customers in 179 communities across the state from its base in Rosemount, Minnesota.
Parent Company
Founded
2006
Status
Publicly Traded
Headquarters
Minnesota Energy Resources Timeline
United StatesOfficial Website
Who Owns Minnesota Energy Resources?
- Parent Company: WEC Energy Group, Inc.
- Ownership Type: Wholly owned
- Company Type: Publicly Traded
- Stock Ticker: New York Stock Exchange: WEC
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Minnesota Energy Resources | WEC Energy Group, Inc. | Wholly owned |
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History of Minnesota Energy Resources
- Founded: 2006
- Founders: WPS Resources Corporation
The service territory's gas history began in 1932, when Northern Natural Gas formed a division serving the Rochester area. That division became the independent People's Natural Gas in 1980, which Aquila acquired and renamed Aquila-MN in 1985.
Aquila sold its Minnesota gas operations to WPS Resources in 2006, and the new company launched as Minnesota Energy Resources in July of that year, taking over service to roughly 203,000 customers in 165 cities.
Two later events expanded the footprint. In 2015 the utility acquired Alliant Energy's natural gas distribution business in southeast Minnesota, and the same year Integrys, WPS Resources' successor, merged into WEC Energy Group.
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About WEC Energy Group, Inc.
Is WEC Energy Group publicly traded?
Yes. It trades on the New York Stock Exchange under the ticker WEC and is a member of the S&P 500.
What is the difference between WEC Energy Group and We Energies?
WEC Energy Group is the parent holding company. We Energies is its largest operating utility, the trade name of Wisconsin Electric Power Company and Wisconsin Gas LLC.
How many customers does WEC Energy Group serve?
About 4.8 million electric and natural gas customers across Wisconsin, Illinois, Michigan, and Minnesota.
Who is the CEO of WEC Energy Group?
Scott Lauber. He became president and CEO in February 2022 and was named chairman of the board in May 2026.
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Does WEC Energy Group still use coal?
Yes, but on a declining basis. It expects to use coal only as a backup fuel by the end of 2030 and to eliminate coal by the end of 2032.
When was WEC Energy Group formed?
The holding company was incorporated in 1981 as Wisconsin Energy Corporation and renamed WEC Energy Group in 2015 after acquiring Integrys Energy Group.
- Founded: 1981
- Headquarters: Milwaukee, Wisconsin, USA
- Company Type: Publicly Traded
- Stock: New York Stock Exchange: WEC
- Revenue: Approximately $9.8 billion (FY2025)
- Employees: Approximately 7,000
Where Is Minnesota Energy Resources Made / Based?
- Headquarters: Rosemount, Minnesota, USA
Minnesota Energy Resources Categories & Tags
Brands Owned by WEC Energy Group, Inc.
Energy UtilitiesMichigan Gas Utilities
Owned by WEC Energy Group, Inc.
Natural gas utility serving nearly 188,000 customers in southern Michigan, a subsidiary of WEC Energy Group headquartered in Monroe, Michigan.
utilitiesnatural-gasmichigan
Energy UtilitiesNorth Shore Gas
Owned by WEC Energy Group, Inc.
Natural gas utility serving approximately 166,000 customers in Chicago's northern suburbs, a sister company of Peoples Gas under WEC Energy Group.
utilitiesnatural-gaschicago-suburbs
Energy UtilitiesPeoples Gas
Owned by WEC Energy Group, Inc.
Chicago's natural gas utility, delivering gas to approximately 898,000 city customers as a subsidiary of WEC Energy Group.
utilitiesnatural-gaschicago
Energy UtilitiesUpper Michigan Energy Resources
Owned by WEC Energy Group, Inc.
Michigan-regulated electric and natural gas utility serving about 43,000 customers in the Upper Peninsula, formed in 2017 as a WEC Energy Group subsidiary.
utilitieselectricitynatural-gas
Energy UtilitiesWe Energies
Owned by WEC Energy Group, Inc.
Wisconsin's largest electric and natural gas utility, serving more than 2.3 million customers and operating as the flagship utility brand of WEC Energy Group.
utilitieselectricitynatural-gas
Energy UtilitiesWEC Energy Group
Owned by WEC Energy Group, Inc.
The corporate brand of WEC Energy Group, the Milwaukee utility holding company behind We Energies, Wisconsin Public Service, Peoples Gas, and four other Midwest utilities.
utilitiesenergynatural-gas
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Minnesota Energy Resources Ownership: Pros & Cons
Advantages
- +Largest geographic gas service territory in the WEC system
- +Backed by a financially strong parent
- +2015 Alliant acquisition added scale in southeast Minnesota
Considerations
- -Sparse rural territory raises per-customer delivery costs
- -Minnesota decarbonization policy creates long-term gas demand questions
- -Rates subject to state commission approval
Frequently Asked Questions About Minnesota Energy Resources
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Competitors to Minnesota Energy Resources
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Southern Company | USA | 1856 | Mass market | United states | All-ages | |
| Iberdrola | USA | 2015 | Mass market | United states | Unisex | |
| Exelon | USA | 1816 | Mass market | United states | All-ages | |
| Exelon | United States | 1909 | Mass market | United states | All Genders | |
| Dte Energy | USA | 1938 | Mass market | United states | All Genders | |
| Engie | France | 2008 | Mass market | Europe | All Genders |
Learn More About Competitors
Energy UtilitiesAtlanta Gas Light
Owned by Southern Company
Georgia-based natural gas utility company serving millions of customers across the state, owned by Southern Company.
natural-gasutilitiesgeorgia
Energy UtilitiesAvangrid
Owned by Iberdrola
US-based energy company providing electricity and natural gas services to millions of customers across multiple states, owned by Spanish utility Iberdrola.
energyelectricitynatural-gas
Energy UtilitiesBaltimore Gas and Electric
Owned by Exelon Corporation
Maryland-based electric and natural gas utility founded in 1816 and owned by Exelon Corporation. BGE serves over 1.25 million electric customers and 650,000 natural gas customers across central Maryland.
electricitynatural-gasutilities
Energy UtilitiesDelmarva Power
Owned by Exelon Corporation
Delaware and Maryland-based electric and natural gas utility company serving approximately 515,000 electric and 130,000 natural gas customers, owned by Exelon Corporation.
electricitynatural-gasutilities
Energy UtilitiesDTE Gas
Owned by DTE Energy Company
Michigan-based natural gas utility company serving millions of customers throughout the state, owned by DTE Energy Company.
natural-gasutilitiesmichigan
Energy UtilitiesGRDF
Owned by ENGIE
France's largest natural gas distribution network operator, managing over 200,000 km of pipelines and serving 11 million customers, owned by ENGIE.
natural-gasutilitiesfrance
Competitive Analysis
Market Positioning: Minnesota Energy Resources competes with 6 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
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Independent Alternatives to Minnesota Energy Resources
Looking for brands with different ownership structures? These similar brands are not owned by WEC Energy Group, Inc., giving you alternative choices that support different corporate structures.
Energy UtilitiesAdani Power
Owned by Adani Group
India's largest private thermal power producer, operating approximately 17,550 megawatts of installed capacity across eight states, listed on NSE and BSE.
power-generationenergythermal-power
Privately Owned
Adani Power is privately owned, unlike Minnesota Energy Resources which is under a publicly traded parent company.
Energy UtilitiesAdani Green Energy
Owned by Adani Group
Adani Green Energy Limited (AGEL) is India's largest renewable energy company by installed capacity, listed on the National Stock Exchange and BSE. It develops, builds, and operates solar and wind power plants across India.
renewable-energysolarwind
Privately Owned
Adani Green Energy is privately owned, unlike Minnesota Energy Resources which is under a publicly traded parent company.
Energy UtilitiesCenex
Owned by CHS Inc.
American fuel, lubricant, and convenience store brand owned by CHS Inc., the nation's largest farmer-owned cooperative, operating roughly 1,400 locations across 19 states.
fuelgas-stationsconvenience-stores
Privately Owned
Cenex is privately owned, unlike Minnesota Energy Resources which is under a publicly traded parent company.
Energy UtilitiesJSW Energy
Owned by JSW Group
JSW Energy Limited is an Indian independent power producer and subsidiary of JSW Group, operating thermal, hydro, solar, and wind assets with over 10 GW of installed capacity and a target of 30 GW by 2030.
renewable-energysolarwind
Privately Owned
JSW Energy is privately owned, unlike Minnesota Energy Resources which is under a publicly traded parent company.
Energy UtilitiesPSE&G
Owned by PSEG
The regulated electric and gas utility serving New Jersey, operating under the Public Service Enterprise Group umbrella.
utilityelectricgas
Privately Owned
PSE&G is privately owned, unlike Minnesota Energy Resources which is under a publicly traded parent company.
Energy UtilitiesPSEG Long Island
Owned by PSEG
The brand under which PSEG operates Long Island's electric grid under contract for the Long Island Power Authority.
utilityelectriclong-island
Privately Owned
PSEG Long Island is privately owned, unlike Minnesota Energy Resources which is under a publicly traded parent company.
WEC Energy Group, Inc. Stock Information
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Jobs at WEC Energy Group, Inc.
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