Alliant Energy reports 3Q earnings

Alliant Energy Corp. reported a decline in revenues and profits for the third quarter of 2014 compared to the same period last year. Net income was $153.3 million ($1.38/share) on revenues of $843.1 million. A year ago, for the quarter ending Sept. 30, Alliant posted net income of $157.6 million ($1.42/share) on revenues of $866.6 million. The Madison-based utility says the cool summer coupled with bill credits issued to Iowa customers accounted for the drop-off.