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[quote="bhance"]From: [url]http://www.jsonline.com/story/index.aspx?id=420576[/url]

"Alliant Energy Corp. posted a first-quarter loss of $1.6 million or 1 cent per share, after it reduced the value of a Mexico golf course development it's selling and paid off debt to strengthen its balance sheet."
...
"Meanwhile, the company is moving forward with plans to sell the golf course resort, which became a symbol for Alliant critics of a company that had strayed too far from its core businesses, as its international operations kept reporting losses in recent years.

The company didn't disclose how much it has reduced the value of its Mexico businesses, as the company is in sales talks for the property, located south of California in Baja, Mexico.

Alliant has received several bids to buy Laguna del Mar, company Chairman and Chief Executive Bill Harvey said.

"We are currently evaluating the bids and will soon be negotiating sales agreements with the leading bidders," he said. "We expect to complete the sale no later than the third quarter of 2006.""[/quote]

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