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.


Trachte Inc._id1770
Latest Top Stories

Eagle Take Permits For Wind Farms - Will They Fly?

Now that the U.S. Fish and Wildlife Service has issued the first permit allowing the legal take of eagles, can wind developers expect more certainty in the agency's application process?


Despite 2013 Challenges, U.S. Wind Power Reaches All-Time Low Price

In a new report, the U.S. Department of Energy details the highs and lows of the country's wind industry last year, and the agency maintains that the U.S. sector remains strong.


Mexico On Pace To Set New Renewables Investment Record

A new report says the country has spent $1.3 billion on clean energy in the first half of 2014 and could end up seeing a record year. Furthermore, wind power is slated for significant growth in the region.


IRS Issues More PTC Guidance, Easing Some Wind Industry Concerns

The Internal Revenue Service (IRS) addresses how much work is needed on a wind farm to satisfy production tax credit (PTC) eligibility.


Embryonic No More: U.S. Offshore Wind Industry Gaining Momentum

After a decade of fits and starts, the industry is moving closer to installing the first generation of wind projects off the country's shores.

Renewable NRG_id1934
Canwea_id1984
Tower Conference_id1965