Discontinued Operations And Assets And Liabilities Held For Sale

9 Months Ended

Sep. 30, 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. Alliant Energy does not currently believe that adjustments to the gain or loss related to the sale of RMT in periods after September 30, 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 and nine months ended September 30 was as follows (in millions):

	Three Months					Nine Months
	2013			2012		2013			2012
Operating revenues		$—			$94.5		$0.9			$243.0
Operating expenses	2.1			91.7		8.6			246.6
Interest expense and other	—			0.2		—			0.4
Income (loss) before income taxes	(2.1		)	2.6		(7.7		)	(4.0		)
Income tax expense (benefit)	(0.8		)	0.9		(2.8		)	(1.7		)
Income (loss) from discontinued operations, net of tax		($1.3	)		$1.7		($4.9	)		($2.3	)

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	)