in News Departments > Projects & Contracts
print the content item

Interstate Power and Light Co. (IP&L), a subsidiary of Alliant Energy Corp., has agreed to sell its transmission assets located in Iowa, Minnesota and Illinois to ITC Midwest LLC, a newly-formed subsidiary of ITC Holdings Corp.

According to IP&L, the company anticipates that the proceeds from the sale will be used to help fund its infrastructure development plan - Energy for a New Generation. The plan includes investments in wind power projects that will be built in Iowa.

"Combined with the sale of IP&L's transmission assets, the Energy for a New Generation plan will help provide customers with reliable, affordable and environmentally friendly energy into the future," says Bill Harvey, Alliant Energy's chairman, president and chief executive officer.

In addition, ITC Holdings plans to build additional transmission lines to support increasing electricity demand and growing interest in renewable energy resources in Iowa and Minnesota, including the states' growing wind power industry, the company says.

Mortenson Construction_id2024

Trachte Inc._id1770
Latest Top Stories

Wind Energy Dominates New U.S. Power In October

Data from the Federal Energy Regulatory Commission shows that wind power accounted for over two-thirds of the country's new electricity generating capacity in last month.


Are Fitch Ratings' Claims About Wind Farm Underperformance Unfounded?

A recent report from Fitch Ratings suggests that wind farms underperform due to an overestimation of wind resources, but AWS Truepower says the analysis misses the mark.


SunEdison Buying First Wind In $2.4 Billion Deal

Global solar company SunEdison and its yeildco have announced an agreement to buy the Boston-based developer, a major player in the U.S. wind industry.


U.S., China Reach Ambitious Climate Change Accord

The agreement between the global superpowers leans heavily on the deployment of renewable energy, such as wind and solar.


What The Midterm Elections Mean For The U.S. Wind Industry

Both chambers of Congress are now under Republican control for the first time since 2006. How will wind energy fare?

Hybrid Energy Innovations 2015
Renewable NRG_id1934