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August 29, 2015 4:20 AM ET

Electric Utilities

Company Overview of Interstate Power and Light Company

Company Overview

Interstate Power and Light Company, a public utility company, engages in the generation and distribution of electricity, and distribution and transportation of natural gas in Iowa and southern Minnesota. It generates electricity from coal, natural gas, wind, and oil; and purchases electricity from wholesale energy markets. The company provides utility services to incorporated communities. It is also involved in the generation and distribution of steam for customers in Cedar Rapids, Iowa. The company supplies electric and gas service to customers primarily in food manufacturing, chemical, and paper industries; and municipalities and rural electric cooperatives, as well as electricity and natu...

Alliant Energy Tower

Cedar Rapids, IA 52401

United States

Founded in 1925

1,766 Employees



Key Executives for Interstate Power and Light Company

Chairman and Chief Executive Officer
Age: 55
Age: 61
Chief Financial Officer, Senior Vice President and Treasurer
Age: 61
Senior Vice President, General Counsel and Corporate Secretary
Age: 54
Senior Vice President
Age: 51
Compensation as of Fiscal Year 2015.

Interstate Power and Light Company Key Developments

Interstate Power and Light Company Declares Preferred Stock Dividend, Payable on September 15, 2015

Interstate Power and Light Company (IPL) has declared dividends of $0.31875 per share on the 5.1% Series D Cumulative Preferred Stock, for shareowners of record on August 31, 2015. The dividends is payable on September 15, 2015.

Alliant Energy Corporation, Interstate Power and Light Company and Wisconsin Power and Light Company Appoint Deborah B. Dunie and Thomas F. O'Toole as Members of the Boards

On July 27, 2015, the Boards of Directors (the Boards") of Alliant Energy Corporation, Interstate Power and Light Company and Wisconsin Power and Light Company appointed Deborah B. Dunie and Thomas F. O'Toole as members of the Boards effective July 27, 2015. Ms. Dunie retired in 2014 from her position as Executive Vice President and Chief Technology Officer of CACI International Inc. She has served on the board of directors of Science Applications International Corporation since 2015. Mr. O'Toole has served as Senior Vice President and Chief Marketing Officer and President, MileagePlus of United Continental Holdings Inc. since 2015. Ms. Dunie will serve on the Compensation and Personnel Committee and the Safety, Environmental, Policy and Operations Committee of each Board. Mr. O'Toole will serve on the Audit Committee and the Safety, Environmental, Policy and Operations Committee of each Board. Both directors will receive compensation as non-employee directors in accordance with the company's non-employee director compensation practices. Ms. Dunie and Mr. O'Toole will each hold office until the company's 2016 annual meeting of shareowners, and are expected to be nominated for election as directors at that meeting to serve for three-year terms expiring at the company's 2019 annual meeting of shareowners.

The U.S. Environmental Protection Agency and the U.S. Department of Justice Sign Settlement Agreement with Interstate Power and Light

The U.S. Environmental Protection Agency (EPA) and the U.S. Department of Justice (DOJ), Interstate Power and Light, a subsidiary of Alliant Energy, has agreed to install pollution control technology and meet stringent emission rates to reduce harmful air pollution from the company s seven coal-fired power plants in Iowa. The settlement also requires Interstate Power and Light to spend a total of $6 million on environmental mitigation projects, and pay a civil penalty of $1.1 million to resolve alleged violations of the Clean Air Act. The State of Iowa, Linn County, Iowa, and the Sierra Club joined the United States as co-plaintiffs in the case. This settlement will eliminate thousands of tons of harmful air pollution each year significantly improving air quality in Iowa and throughout the Midwest. The agreement demonstrates the Department of Justice s strong efforts, along with EPA, to bring large sources of air pollution into compliance with the Clean Air Act. Under the settlement, Interstate Power and Light will install and continuously operate new and existing pollution control technology at its two large plants in Lansing and Ottumwa, and will retire or convert to cleaner-burning natural gas its remaining five plants in Burlington, Cedar Rapids, Clinton, Dubuque, and Marshalltown. The new pollution controls required by the settlement are expected to cost approximately $620 million. EPA estimates that the settlement will reduce sulfur dioxide (SO2) emissions by 32,500 tons per year and nitrogen oxide (NOx) emissions by 3,800 tons per year once the settlement is fully implemented.

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