This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Franklin County Wind Farm Begins Producing Emissions-free Energy

CEDAR RAPIDS, Iowa, Dec. 11, 2012 /PRNewswire/ -- Franklin County Wind LLC, a non-regulated subsidiary of Alliant Energy Corporation (NYSE: LNT), has begun commercial operation of the Franklin County Wind Farm located in Franklin County, Iowa.

(Logo: http://photos.prnewswire.com/prnh/20020405/LNTLOGO)

The Franklin County Wind Farm consists of 60 wind turbines capable of producing nearly 100 megawatts of emissions-free wind energy. That's enough energy to power approximately 25,000 homes. The final project cost is approximately $235 million, excluding any capitalized interest costs.

"We are very happy to have the Franklin County Wind Farm producing electricity," said Patricia Kampling – Chairman, President and CEO of Alliant Energy. "The construction team delivered this project on time and on budget with an exemplary safety record. We are also grateful to the landowners and the community for their strong support on this project."

Franklin County Wind LLC continues to seek a buyer for the energy produced by the wind farm, but in the meantime it will sell the power it generates into the MISO market.

Alliant Energy currently expects to elect the government cash grant option for the project. The grant is an incentive available from the U.S. Department of Treasury that offsets a portion of the cost of facilities placed into service before the end of 2012.

Alliant Energy Corporation (NYSE: LNT), headquartered in Madison, Wis., provides regulated electric and natural gas service to more than one million electric and 414,000 natural gas customers in more than 1,300 communities across Iowa, Wisconsin and Minnesota. Alliant Energy's mission is to deliver the reliable energy and exceptional service customers and communities count on – safely, efficiently, and responsibly. Interstate Power and Light Company and Wisconsin Power and Light Company are Alliant Energy's two public utility subsidiaries. For more information, visit alliantenergy.com.

This press release contains forward-looking statements which can be identified because they use the words "expects," "approximately," or similar words. These statements are subject to certain risks and uncertainties including the impact of changes to governmental incentive elections for wind projects and unanticipated disputes with contractors, among others.  Undue reliance should not be placed on these statements. The forward-looking statements included herein are made as of the date hereof and Alliant Energy undertakes no obligation to update publicly such statements to reflect subsequent events or circumstances. 

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,055.87 -116.81 -0.68%
S&P 500 1,982.77 -11.52 -0.58%
NASDAQ 4,508.6880 -19.0010 -0.42%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs