Risk.net

Alliant to sell utility businesses

The companies in question are Interstate Power and Light Co and South Beloit Water, Gas and Electric Co, a subsidiary of Wisconsin Power and Light Co.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 Illi