Alliant to sell utility businesses
Wisconsin-based Alliant Energy Corp says it intends to sell its two utility businesses in Illinois because of the challenge of operating them in a cost-effective manner.
The aggregate book capitalisation of the companies, including debt, is around $70 million, said Alliant. They serve a total of 35,000 natural gas and electricity customers in and around Galena, Illinois and South Beloit, Illinois.
Alliant president and chief operating officer Bill Harvey said: “Although we serve relatively few customers in
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