|
|
Article: ALLIANT ENERGY REPORTS LOSS IN THIRD QUARTER THE UTILITY REPORTED THAT 7 PERCENT OF INDUSTRIAL SALES HAVE BEEN PERMANENTLY LOST DUE TO PLANT CLOSURES.(BUSINESS)(Financial report)
- Article from:
- The Wisconsin State Journal (Madison, WI)
- Article date:
- October 31, 2009
CopyrightCOPYRIGHT 2009 Capital Newspapers. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: JUDY NEWMAN jdnewman@madison.com 608-252-6156
Cool summer weather, the stunted economy and replacing old debt with new all worked together to push Alliant Energy Corp. to a loss for the third quarter.
The Madison utility holding company reported a $44.3 million net loss, or 40 cents a share, on $885.7 million in revenue for the three months that ended Sept. 30, a sharp drop from profits of $108.5 million, or 98 cents a share, on $980.3 million in revenue for the 2008 third quarter.
Earnings for local utility subsidiary Wisconsin Power & Light were $20.2 million, less than half of the $41.8 million in earnings for the 2008 third quarter. ...