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Discontinued Operations And Assets And Liabilities Held For Sale | 9 Months Ended
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Sep. 30, 2012
Discontinued Operations and Disposal Groups [Abstract] |
Discontinued Operations And Assets And Liabilities Held For Sale | DISCONTINUED OPERATIONS AND ASSETS AND LIABILITIES HELD FOR SALE In March 2011, Alliant Energy sold its Industrial Energy Applications, Inc. (IEA) business to narrow its strategic focus and risk profile and received net proceeds of $5 million. In June 2011, RMT sold its environmental business unit and received net proceeds of $12 million. Alliant Energy is currently pursuing the disposal of the remainder of its RMT business in order to narrow its strategic focus and risk profile. Alliant Energy currently expects to complete the disposal of RMT in 2012. The RMT business qualified as assets and liabilities held for sale as of September 30, 2012. The operating results of RMT and IEA have been separately classified and reported as discontinued operations in Alliant Energy’s Condensed Consolidated Statements of Income. A summary of the components of discontinued operations in Alliant Energy’s Condensed Consolidated Statements of Income for the three and nine months ended September 30 was as follows (in millions):
| Three Months |  | Nine Months
| 2012 |  | 2011 |  | 2012 |  | 2011
Operating revenues |  | $94.5 |  |  |  | $150.7 |  |  |  | $243.0 |  |  |  | $326.6 |
Operating expenses | 91.7 |  |  | 175.0 |  |  | 246.6 |  |  | 346.0 |
Interest expense and other | 0.2 |  |  | (0.2 | ) |  | 0.4 |  |  | (0.1 | )
Income (loss) before income taxes | 2.6 |  |  | (24.1 | ) |  | (4.0 | ) |  | (19.3 | )
Income tax expense (benefit) | 0.9 |  |  | (9.2 | ) |  | (1.7 | ) |  | (6.7 | )
Income (loss) from discontinued operations, net of tax |  | $1.7 |  |  |  | ($14.9 | ) |  |  | ($2.3 | ) |  |  | ($12.6 | )
A summary of the assets and liabilities held for sale on Alliant Energy’s Condensed Consolidated Balance Sheets was as follows (in millions):
| September 30, 2012 |  | December 31, 2011
Assets held for sale: |  |  |
Property, plant and equipment, net |  | $— |  |  |  | $3.8 |
Current assets | 51.1 |  |  | 115.5 |
Other assets | 0.3 |  |  | 0.3 |
Total assets held for sale | 51.4 |  |  | 119.6 |
Liabilities held for sale: |  |  |
Current liabilities | 66.0 |  |  | 62.0 |
Other long-term liabilities and deferred credits | 0.1 |  |  | 0.1 |
Total liabilities held for sale | 66.1 |  |  | 62.1 |
Net assets (liabilities) held for sale |  | ($14.7 | ) |  |  | $57.5 |
A summary of the components of cash flows for discontinued operations for the nine months ended September 30 was as follows (in millions):
| 2012 |  | 2011
Net cash flows from (used for) operating activities |  | $72.0 |  |  |  | ($79.5 | )
Net cash flows from (used for) investing activities | (0.2 | ) |  | 11.6 |
Net cash flows from (used for) financing activities (a) | (71.7 | ) |  | 49.6 |
(a) | Includes intercompany borrowings.

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- Definition The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2941-110230 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1436-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6390789&loc=d3e2443-110228 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 144 -Paragraph 43-48 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1474-107760 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1020-107759 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1510-107760 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1012-107759 + Details
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