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Alliant Energy Corporation
LNT
announced agreements today to sell its Minnesota electric and natural gas
distribution businesses. The electric distribution business in the state will
be sold to Southern Minnesota Energy Cooperative (SMEC), a combined group of
12 neighboring electric cooperatives. Alliant Energy's Minnesota natural gas
business will be sold to Minnesota Energy Resources Corporation, a subsidiary
of Integrys Energy Group, Inc.
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 approximately 214,000 customers in
Minnesota. Alliant Energy serves 43,000 electric customers and 10,600 natural
gas customers spread over a significant 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.
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