Assets And Liabilities Held For Sale

3 Months Ended

Mar. 31, 2015

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Assets and Liabilities Held For Sale

ASSETS AND LIABILITIES HELD FOR SALE

In December 2014, the MPUC issued an order approving the sale of IPL’s Minnesota natural gas distribution assets. In April 2015, IPL completed the sale of its Minnesota natural gas distribution assets. Alliant Energy’s and IPL’s balance sheets included assets held for sale recorded in “Other current assets” and liabilities held for sale recorded in “Other current liabilities” as follows (in millions):

	March 31, 2015		December 31, 2014
Assets held for sale:
Current assets		$2.3		$1.1
Property, plant and equipment, net	11.0		11.0
Other assets	6.4		7.0
Total assets held for sale	19.7		19.1
Liabilities held for sale:
Current liabilities	0.2		1.0
Other liabilities	6.8		7.1
Total liabilities held for sale	7.0		8.1
Net assets held for sale		$12.7		$11.0

Alliant Energy and IPL evaluated the sale of IPL’s Minnesota natural gas distribution assets and believe it did not represent a strategic shift that has, or will have, a major effect on their operational and financial results. As a result, the operating results of IPL’s Minnesota natural gas distribution assets have not been separately classified and reported as discontinued operations in Alliant Energy’s and IPL’s income statements. Refer to Note 3 for further discussion of IPL’s sale of its Minnesota natural gas distribution assets.

IPL [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Assets and Liabilities Held For Sale

ASSETS AND LIABILITIES HELD FOR SALE

In December 2014, the MPUC issued an order approving the sale of IPL’s Minnesota natural gas distribution assets. In April 2015, IPL completed the sale of its Minnesota natural gas distribution assets. Alliant Energy’s and IPL’s balance sheets included assets held for sale recorded in “Other current assets” and liabilities held for sale recorded in “Other current liabilities” as follows (in millions):

	March 31, 2015		December 31, 2014
Assets held for sale:
Current assets		$2.3		$1.1
Property, plant and equipment, net	11.0		11.0
Other assets	6.4		7.0
Total assets held for sale	19.7		19.1
Liabilities held for sale:
Current liabilities	0.2		1.0
Other liabilities	6.8		7.1
Total liabilities held for sale	7.0		8.1
Net assets held for sale		$12.7		$11.0

Alliant Energy and IPL evaluated the sale of IPL’s Minnesota natural gas distribution assets and believe it did not represent a strategic shift that has, or will have, a major effect on their operational and financial results. As a result, the operating results of IPL’s Minnesota natural gas distribution assets have not been separately classified and reported as discontinued operations in Alliant Energy’s and IPL’s income statements. Refer to Note 3 for further discussion of IPL’s sale of its Minnesota natural gas distribution assets.