Discontinued Operations And Assets And Liabilities Held For Sale

3 Months Ended

Mar. 31, 2013

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations And Assets And Liabilities Held For Sale

DISCONTINUED OPERATIONS AND ASSETS AND LIABILITIES HELD FOR SALE

In January 2013, Alliant Energy sold RMT in order to narrow its strategic focus and risk profile. The final gain or loss from the sale of RMT is subject to a working capital adjustment and potential contingent consideration. Alliant Energy does not currently believe that adjustments to the gain or loss related to the sale of RMT in periods after March 31, 2013 will be material. The operating results of RMT have been separately classified and reported as discontinued operations in Alliant Energy’s Condensed Consolidated Statements of Income. A summary of the components of discontinued operations in Alliant Energy’s Condensed Consolidated Statements of Income for the three months ended March 31 was as follows (in millions):

	2013			2012
Operating revenues		$0.9			$54.6
Operating expenses	5.6			61.9
Loss before income taxes	(4.7		)	(7.3		)
Income tax benefit	(1.7		)	(2.9		)
Loss from discontinued operations, net of tax		($3.0	)		($4.4	)

As of December 31, 2012, Alliant Energy’s Condensed Consolidated Balance Sheet included assets held for sale recorded in “Other current assets” and liabilities held for sale recorded in “Other current liabilities” as follows (in millions):

Current assets		$27.9
Current liabilities	31.4
Net liabilities held for sale		($3.5	)