Alliant Energy closes on the sale of RMT
by PR Newswire
MADISON, Wis., Feb. 1, 2013 /PRNewswire/ -- Alliant Energy Corporation (NYSE: LNT) announced today that it has closed on the sale of RMT, Inc. (RMT), a former renewable energy services subsidiary, to Infrastructure and Energy Alternatives, LLC (IEA). Alliant Energy announced in December 2012 that it had entered into a definitive agreement to sell RMT to IEA. Terms and conditions of the sale are not being disclosed.
IEA is a leading provider of engineering, procurement and construction services to a variety of markets including renewable energy and fossil generation across North America. RMT will become a subsidiary of IEA working in their renewable energy group along with existing IEA subsidiary White Construction, Inc. RMT's headquarters will remain in Madison, Wis.
RMT is a leading engineering, procurement and construction contractor specializing in the design and construction of wind and solar electric energy generating facilities and high-voltage transmission lines.
Alliant Energy Corporation (NYSE: LNT), headquartered in Madison, Wis., provides regulated electric and natural gas service to approximately 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.
SOURCE Alliant Energy Corporation