Alliant Energy profits drop 52 percent

From an article in The Capital Times:

Alliant Energy Corp. reported second-quarter profits dropped 52 percent from the same period a year ago, prompting the Madison-based utility company to tone down its earnings forecast for the year.

The Madison-based utility holding company's earnings report was released Thursday morning.

Alliant had income of $29.1 million, or 26 cents a share, in the second quarter, compared to $60.8 million, or 55 cents a share, in the second quarter of 2008.

A down economy and cool July weather also is lowering the firm's expectations for 2009.