Alliant Energy to sell its wind farm division
But a lack of consistent federal renewable energy policy, and downward pressure on project profit margins, caused Alliant executives to reconsider the investment in RMT, Harvey said.
The company's utility, transportation and non-regulated generation businesses produced solid financial results during the quarter, Harvey said.
February 11, 2012
by Tom Daykin
in Journal Sentinel
Madison-based Alliant Energy Corp. said Friday it will sell its division that designs and builds wind farms and other renewable energy projects, a business that has dragged down the company's earnings.
Alliant, the parent of Wisconsin Power & Light Co. and Interstate Power & Light Co., expects to sell RMT Inc. by the end of the year, Chairman and Chief Executive Bill Harvey said during a conference call with analysts to discuss fourth-quarter earnings.
Selling RMT will reduce Alliant's expected 2012 earnings by 5 cents a share, Alliant said. The company's expected earnings were revised to $2.75 to $3.05 for the year,... [continue via Web link]