Alliant and MGE Energy see first-quarter profits

Alliant Energy recorded net income of $69.9 million (63 cents/share) on revenues of $859.6 million in the first quarter of 2013. That compares to net income of $34.9 million (32 cents/share) on revenues of $765.7 million a year earlier, when the area experienced an unusually warm winter.

Meanwhile, MGE Energy saw a 40% increase year over year in the first quarter. MGE reported a net income of $22.6 million (98 cents/share) on revenues of $167.2 million in the first quarter of 2013, for a 40% increase over 2012, when it reported a net income of $16 million (69 cents/share) on revenues of $149.3 million.