Welcome!

Premium Advice
- My Services
- None
- Other Services
- Champion Funds
- Duke Street
- Global Gains
- Hidden Gems
- Income Investor
- Inside Value
- Million Dollar Portfolio
- Motley Fool Options
- Motley Fool Pro
- Pay Dirt
- Ready-Made Millionaire
- Rule Breakers
- Rule Your Retirement
- Stock Advisor
- *Get a Fool Credit Card

Help Join Now or

Updated: 12/1/2009 4:01 PM					Sponsored by:
	DOW	10471.58	126.74	1.23%
	S&P 500	1108.86	13.23	1.21%
	NASD	2175.81	31.21	1.46%

Wisconsin utility purchases natural gas plant

By Associated Press
June 2, 2009 | Comments (0)

Recs

0

Wisconsin Power and Light Co. has acquired a natural gas-fired electric plant in the Town of Neenah.

WPL is a subsidiary of utility Alliant Energy. Alliant Energy Resources LLC is an Alliant division that owns unregulated assets, including the plant, which operated under federal oversight. Up until a May 2008 We Energies purchased power from it.

The plant has operated as a merchant plant since then, meaning power from it went into the main grid for anyone to use.

Alliant Energy Resources transferred the 300-megawatt plant over to WPL in a $92 million transfer that closed Monday. The plant will provide power during peak energy use periods on hot summer days.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

DocumentId: 911493, ~/Articles/ArticleHandler.aspx, 12/2/2009 5:02:18 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.