Alliant Energy will sell its Minnesota electric distribution business

Sponsored by

Alliant Energy Corp. signed agreements to sell its Minnesota electric distribution and natural gas businesses. The power distribution business in the state will be sold to Southern Minnesota Energy Cooperative (SMEC), a combined group of 12 neighboring electric cooperatives.

SMEC and Minnesota Energy Resources currently serve customers adjacent to Alliant Energy's utility operations in the state. SMEC-member utilities currently serve nearly 135,000 electric customers and Minnesota Energy Resources provides natural gas service to about 214,000 customers in Minnesota.

Alliant Energy serves 43,000 electric customers and 10,600 natural gas customers spread over a footprint of nearly 15,000 square miles in southern Minnesota. Alliant Energy's Minnesota operations represent less than four percent of the company's overall customer base.

Alliant's Minnesota natural gas business will be sold to Minnesota Energy Resources Corp., a unit of Integrys Energy Group, Inc.

The combined sales price of the electric and natural gas assets is about $128 million, subject to customary closing adjustments. The electric sales agreement also includes a ten-year purchased power agreement (PPA) between SMEC and Alliant Energy's Iowa electric utility.

With the PPA agreement, Alliant Energy's current Minnesota electric customers will continue to receive energy from a diverse portfolio of power generation resources while future electric generation needs and plans for Alliant Energy's Iowa utility are unchanged. Alliant Energy will continue to operate its electric generation facilities in Minnesota. 

The sales of the company assets require state and federal approvals, which are expected to occur in six to twelve months. Wells Fargo Securities, LLC served as Alliant Energy's exclusive financial advisor on the electric transaction.

Sponsored by


SPP, MISO, joint parties reach transmission usage agreement


Proposed settlement ensures customer benefit for all parties

Apex Clean Energy wants FAA approval for wind farm in Virginia


Apex hopes to have the turbines spinning along two separate ridges of North Mountain by 2017 or 2018

Work continues on FirstEnergy transmission line, substation in West Virginia


The substation will be energized by December of this year 

Duke Energy offers solar power rebate program to customers


The Public Service Commission of South Carolina approved the rebate on July 15

Solar photovoltaics plus energy storage microgrid revenue set to grow

10/13/2015 During the last year, partnerships between solar PV companies and energy storage system providers have increased rapidly

National Grid proposes refurbishment project on 115-kV line in New York


Target date for project completion is April 2016

DOE, University of Arkansas to study cybersecurity


The U.S. Department of Energy is providing a $12.2 million grant to the U of A

View more Job Listings >>



Solar + Storage: Capturing Opportunities and Overcoming Challenges in Asia Pacific

The convergence of solar and energy storage applications is under way. The combined application o...

Mobility Solutions for the Utility Industry: Enabling your workforce anytime, anywhere

Together, Schneider Electric, Intel, and Microsoft provide high-performance mobility solutions fo...

How certified T&D components help to improve power network performance

Electricity is the life blood of modern society. Any interruption to its supply can have a huge i...

Moisture in Transformer Oil Behavior – a Deeper Look into a Complex Phenomenon

As our understanding of how moisture movement in transformers improves, so does the evolution of ...

Connecting the Physical and Digital Domains: Intelligent Integration for a Smart City

Free Webcast Series from Leidos | Part 2 of 2 - Connecting the Physical and Digital Domains: Inte...



Aurora™ is a proprietary blend of alumino-silicate based minerals engineered to treat a boiler's fireside system against slagging, fouling and corr...

Swage Bus Accessories

By using a compression technology process called "swaging," aluminum bus accessories can be installed without a welder. Products include bus couple...

Decontamination & Decommissioning

Decommissioning strategy development, cost estimates, plant modifications; system and building decontamination; RV segmentation; large component re...

Nuclear Horizontal Modular Storage (NUHOMS®)

AREVA TN’s NRC-licensed NUHOMS® system ensures the highest safety and lowest dose performance. With no tipping, tripping and sliding, you have the...


Standard H-Frames

Meyer Steel Structures has compiled a database of existing steel H-frame designs that could be used to quickly meet your n...

Meyer - Engineered Poles

As your comprehensive resource for any configuration of tubular steel structure, Meyer works closely with you to develop e...

LD Poles

The standard designs and high-strength material used in the fabrication of our Light Duty steel poles insures confidence t...

Systems & Utility Technology Selection

BRIDGE’s utility business and functional system experts with specific experience in today’s ‘best of breed’ business syste...

POWERGRID International

May 2015
Volume 20, Issue 5


April 2015
Volume 93, Issue 2