Minnesota approves sale of Interstate Power & Light transmission assets to ITC Midwest December 19, 2007
Posted by John in Business, Energy.Tags: Alliant Energy, Cedar Rapids, Interstate Power and Light, iowa, ITC Midwest, Mineesota, Minnesota Public Utilities Commission
trackback
From Alliant Energy release:
CEDAR RAPIDS, Iowa — Interstate Power and Light Company (IPL), a subsidiary of Alliant Energy Corporation (NYSE: LNT) received today an oral decision from the Minnesota Public Utilities Commission (MPUC) regarding the sale of the company’s transmission assets to ITC Midwest LLC (ITC Midwest), a subsidiary of ITC Holdings Corp. NYSE: ITC).
In its oral decision, the MPUC approved the transaction. The MPUC determined that the sale of IPL’s transmission assets would provide benefits to IPL’s 44,000 Minnesota electric customers. The MPUC’s determination was made effective today.
With the MPUC’s decision, IPL has received all appropriate state and federal regulatory approvals. …
Comments»
No comments yet — be the first.