Discontinued Operations

9 Months Ended

Sep. 30, 2011

Discontinued Operations

Discontinued Operations

(14) DISCONTINUED OPERATIONS

In March 2011, Alliant Energy sold its Industrial Energy Applications, Inc. (IEA) business to narrow its strategic focus and risk profile and received net proceeds of $5 million. IEA was included in Alliant Energy's "Non-regulated, Parent and Other—Other" segment. The operating results of IEA 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 Sep. 30 was as follows (in millions):

	Three Months					Nine Months
	2011		2010			2011			2010
Operating revenues	$	—	$	1.9		$	1.1		$	4.9
Operating expenses (a)		—		5.9			0.6			7.6
Gain on sale of IEA		—		—			(2.5	)		—
Interest expense and other		—		—			—			0.2
Income (loss) before income taxes		—		(4.0	)		3.0			(2.9	)
Income tax expense (benefit)		—		(2.2	)		1.7			(0.9	)
Income (loss) from discontinued operations, net of tax	$	—	($	1.8	)	$	1.3		($	2.0	)

(a) In the third quarter of 2010, Alliant Energy recorded a pre-tax, non-cash valuation charge of $4.9 million as a result of declines in the fair value of IEA during the third quarter of 2010. The fair value was estimated using updated market information from bids received from potential buyers for IEA.

In June 2011, RMT sold its environmental business unit and received net proceeds of $12 million. RMT's environmental business unit was included in Alliant Energy's "Non-regulated, Parent and Other—RMT" segment. The operating results of RMT's environmental business unit and the gain realized from the sale of RMT's environmental business unit were not material and therefore have not been separately classified and reported as discontinued operations in Alliant Energy's Condensed Consolidated Statements of Income.