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Article: Wisconsin Power and Light Company Announces Pricing of Debt Offering.
- Article from:
- Energy Weekly News
- Article date:
- July 24, 2009
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Wisconsin Power and Light Company (WPL), an Alliant Energy company (NYSE:LNT), has priced a public offering of $250,000,000 aggregate principal amount of debentures. The debentures have an interest rate of 5.00% and will be due in 2019.
WPL intends to apply the approximately $246.6 million in net proceeds from this offering initially to repay short-term debt, including that incurred to fund capital expenditures on an interim basis, and invest in short-term assets and thereafter to fund capital expenditures, including new wind generation, environmental projects, advanced metering infrastructure and other utility capital projects, and for general working capital ...