Energy Distribution Sale

Alliant Energy's Minnesota utility and Southern Minnesota Energy Cooperative have filed a joint application with the Minnesota Public Utilities Commission seeking approval of the sale of Alliant Energy's electric distribution business to SMEC.
The Southern Minnesota Energy Cooperative consists of a group of twelve electric cooperatives serving southern Minnesota including Tri-County Electric in Rushford.

In September 2013, Alliant Energy announced the sale of its Minnesota electric distribution business to SMEC.

The filing this week with the MPUC includes information on SMEC's five-year proposed rate transition plan to manage customer rates after the sale is completed.

Current Alliant Energy customers will receive a monthly credit equivalent to approximately $2 per thousand kilowatt-hours on their bill to reflect efficiencies from the sale for three years after SMEC assumes operation of the distribution system.
The Southern Minnesota Energy Cooperative (SMEC) includes Tri-County Electric Cooperative and 11 other electric cooperatives serving southern Minnesota. Within Tri-County's service area this would affect Alliant customers living in the following cities: southeast Chatfield, Fillmore, Lewiston, Ostrander, Racine, Spring Valley, Stockton, Utica, Wyattville and Wykoff.

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Topics : Business_Finance
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Locations : MinnesotaSouthern MinnesotaTri-countyWyattville
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