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Asset Sales, Divestitures and Discontinued Operations
6 Months Ended
Jun. 30, 2012
Discontinued Operations and Divestitures [Abstract]  
ASSET SALES, DIVESTITURES AND DISCONTINUED OPERATIONS
ASSET SALES, DIVESTITURES AND DISCONTINUED OPERATIONS

The following table summarizes the net impacts of discontinued operations on our earnings for the three and six months ended June 30:

 
Three Months Ended June 30
 
Six Months Ended June 30
 
2012
 
2011
 
2012
 
2011
 
(Millions of Dollars)
 
 
 
 
 
 
 
 
Income from Continuing Operations
$
119.3

 
$
98.0

 
$
291.4

 
$
268.9

Income from Discontinued Operations, net of tax (a)

 
11.5

 

 
11.5

Net Income
$
119.3

 
$
109.5

 
$
291.4

 
$
280.4

 
 
 
 
 
 
 
 
(a) During 2011, we reached a favorable resolution of uncertain state and federal tax positions associated with our
previously discontinued manufacturing business.
 
 
 
 
 
 
 


Edgewater Generating Unit 5:   On March 1, 2011, we sold our 25% interest in Edgewater Generating Unit 5 to Wisconsin Power and Light Company, a subsidiary of Alliant Energy Corp. (WPL) for our net book value, including working capital, of approximately $38 million. This transaction was treated as a sale of an asset.