Article: Interstate Power Prices $300 Million Of Debentures.

Jul 08, 2009 (FinancialWire via COMTEX) -- (Comment on this article at http://www.financialwire.net/2009/07/08/interstate-power-prices-300-million-of-debentures/)

July 8, 2009 (FinancialWire) -- Alliant Energy Co.'s (NYSE: LNT) Interstate Power and Light Co. subsidiary has priced a public offering of $300 million of senior debentures. The debentures have an interest rate of 6.25% and will be due in 2039.

The company plans to apply the around $295.2 million in net proceeds from the offering initially to repay short-term debt, including debt it incurred to fund capital expenditures on an interim basis.

Interstate will also invest in short-term ...

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