Alliant Energy

(LNT) - Get Report

solicited proposals for a purchase power agreement or the purchase of a power plant.

The company said it seeks to meet the peaking power supply needs of its operating utilities, Interstate Power & Light and Wisconsin Power & Light, as early as 2008.

The Calpine bankruptcy filing and its implications to the RockGen Energy center have created an uncertainty about their capacity needs.

The company is seeking up to 450 MW of peaking capacity and associated energy from either existing facilities, new-build facilities or electric systems, with energy to be made available under a tolling structure. Additionally, AECS is interested in the option to buy the resource at any point during the term of the purchase power proposal, including at commencement, and encourages bidders to propose such purchase structures.

Alliant's shares were trading at $33.74, up 42 cents Thursday.

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