Alliant Energy formally seeking buyers for Nelson Dewey Generating Station site
Company issues solicitation of interest for potential opportunities to reuse the property
MADISON, Wis., Jan. 5, 2015 /PRNewswire/ -- Alliant Energy's Wisconsin utility has formally begun the process of evaluating future options for the Nelson Dewey Generating Station site in Cassville, Wis. Today, the company issued a solicitation of interest (SOI) document to seek qualified parties who want to acquire the up to 130-acre Nelson Dewey site. The eventual purchaser would gain title to the property after the power plant is decommissioned and other required regulatory actions are taken at the site.
"While Alliant Energy has received several informal inquiries regarding the reuse of the property since we announced the plant's retirement, it's now time to start the formal process of finding a new owner," said Maria Lauck, Alliant Energy's Regional Director of Generation Operations. "Finding a buyer who will reuse the site in a way that has a positive impact for the community is important to us and provides the most benefit for all our customers."
Alliant Energy is encouraging SOI respondents to outline a future site use that places a priority on quality jobs and tax base, and generates direct and indirect spending within the area. The Nelson Dewey property is located on the banks of the Mississippi River. The site is primarily zoned industrial and includes a barge unloading dock and Burlington Northern Santa Fe double track rail nearby.
In July 2012, Alliant Energy announced its plans to retire the Nelson Dewey Generating Station by December 31, 2015. The coal-fired plant has been in operation for over 50 years.
Alliant Energy Corporation's Wisconsin utility subsidiary, Wisconsin Power and Light Company (WPL), utilizes the trade name of Alliant Energy. The Wisconsin utility is based in Madison, Wis., and provides electric service to 460,000 customers and natural gas service to approximately 180,000 customers in more than 600 communities across central and southern Wisconsin. The employees of Alliant Energy focus on delivering the energy and exceptional service their customers and communities expect – safely, efficiently, and responsibly. Visit alliantenergy.com or call 1-800-ALLIANT (800-255-4268) for more information. Alliant Energy Corporation is traded on the New York Stock Exchange under the symbol LNT.
Solicitation of Interest Details
Alliant Energy's Wisconsin utility, Wisconsin Power and Light Company, is seeking Statements of Interest in the Nelson Dewey site from parties qualified to acquire and own it. Interested parties wishing to receive more information regarding the Nelson Dewey site should review the Solicitation of Interest, which includes a Mutual Non-Disclosure Agreement. Statements of Interest and Mutual Non-Disclosure Agreements must be submitted by January 26, 2015.
Alliant Energy has retained Concentric Energy Advisors, Inc. (Concentric) to manage the SOI process. The SOI may be found on Concentric's website ceadvisors.com as well as Alliant Energy's website alliantenergy.com/nelsondeweysite. Inquiries regarding the SOI should be directed to Carrie O'Neill, Senior Project Manager, Concentric at (508) 263-6250 or via email at [email protected].
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SOURCE Alliant Energy Corporation
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