September 27, 2016 5:49 AM ET

Electric Utilities

Company Overview of Wisconsin Power and Light Company

Company Overview

Wisconsin Power and Light Company generates and distributes electricity in Wisconsin. The company generates electricity through natural gas, coal, wind, and hydro power plants. It also distributes and transports natural gas to retail customers. As of December 31, 2015, the company owned approximately 16,281 miles of overhead electric distribution lines and 5,315 miles of underground electric distribution cables, as well as 302 substation distribution transformers; and approximately 4,307 miles of gas mains. It supplied electric service to approximately 461,000 retail customers; and natural gas to 184,000 retail customers. The company was founded in 1917 and is based in Madison, Wisconsin. Wi...

4902 North Biltmore Lane

Madison, WI 53718

United States

Founded in 1917

1,358 Employees

Phone:

608-458-3311

Key Executives for Wisconsin Power and Light Company

Chairman, Chief Executive Officer, Chairman of Capital Approval Committee and Chairman of Executive Committee
Age: 56
President
Age: 52
Chief Financial Officer, Senior Vice President and Treasurer
Age: 62
Senior Vice President, General Counsel and Corporate Secretary
Age: 55
Chief Accounting Officer, Vice President and Controller
Age: 45
Compensation as of Fiscal Year 2016.

Wisconsin Power and Light Company Key Developments

Wisconsin Power and Light Company Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2016

Wisconsin Power and Light Company announced unaudited earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported GAAP earnings per share of $0.19 against $0.18 a year ago. GAAP income was $43.2 million against $39.2 million a year ago. For the six months, the company reported GAAP earnings per share of $0.40 against $0.38 a year ago. GAAP income was $89.7 million against $84.1 million a year ago.

Wisconsin Power and Light Company Receives Verbal Approval to Build its Riverside Energy Center Expansion Located Near Beloit, Wisconsin

Alliant Energy's Wisconsin utility received verbal approval to build its Riverside Energy Center expansion located near Beloit, Wis. The Public Service Commission of Wisconsin agreed that moving ahead with the 700-megawatt natural gas-fired facility is in the best interest of customers. The project is scheduled to break ground this fall, with construction ramping up in the spring of 2017. It is expected to create more than 1,000 construction jobs and will support local suppliers and businesses throughout the state and region. The approximately $700 million investment will be one of the largest economic development projects in Wisconsin. The verbal decision contains the following provisions: The estimated project cost of $700 million excludes transmission and AFUDC and it is expected to be in service by early 2020; The Riverside expansion will replace approximately 640 megawatts of older, less-efficient Wisconsin coal and gas units for which retirement has or will occur by 2020; and PSCW approval is conditional on Alliant Energy obtaining other state and federal permitting approvals necessary to construct, operate, and connect the Riverside Expansion to the transmission system.

Wisconsin Power and Light Company Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015

Wisconsin Power and Light Company reported unaudited earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported income of $67.5 million or $0.56 per diluted share compared to $61.6 million or $0.56 per diluted share reported a year ago. Non-GAAP income was $69.4 million or $1.34 per diluted share compared to $61.6 million or $1.36 per diluted share reported a year ago. For the nine months, the company reported income of $151.1 million or $1.34 per diluted share compared to $151.0 million or $1.36 per diluted share reported a year ago. Non-GAAP income was $153.0 million or $1.36 per diluted share compared to $151.0 million or $1.36 per diluted share reported a year ago.

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Recent Private Companies Transactions

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Date
Target
No transactions available in the past 12 months.
 

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