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Last $67.77 USD
Change Today +0.30 / 0.44%
Volume 1.6M
LNT On Other Exchanges
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As of 8:04 PM 02/5/16 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

4902 North Biltmore Lane

Madison, WI 53718

United States

Phone: 608-458-3311

Fax:

Alliant Energy Corporation, a utility holding company, provides regulated electricity and natural gas services to residential, commercial, industrial, and wholesale customers in the Midwest region of the U.S. The company serves approximately 1 million electric and approximately 420,000 natural gas customers in the Midwest through its 2 public utility subsidiaries. Subsidiaries The company’s primary subsidiaries are Interstate Power and Light Company (IPL); Wisconsin Power and Light Company (WPL); Alliant Energy Resources, LLC (Resources); and Alliant Energy Corporate Services, Inc. (Corporate Services). Operations Utilities Operations The company operates through three segments: Electric Utility Operations; Gas Operations; and Other. Electric Utility Operations This segment’s operations are located in the Midwest with IPL providing electric service in Iowa and southern Minnesota, and WPL providing electric service in southern and central Wisconsin. IPL and WPL provide electric utility service to a base of retail customers in various industries, with the primary concentrations in the food manufacturing, chemical (including ethanol), and paper industries. The company’s wholesale customers primarily consist of municipalities and rural electric cooperatives. Generation: IPL and WPL own a portfolio of electric generating facilities located in Iowa, Wisconsin, and Minnesota with a fuel mix, including coal, natural gas, and renewable resources. Coal: Coal is a primary fuel source for internally generated electric supply and represented approximately 45%, 43% and 47% of Alliant Energy’s, IPL’s and WPL’s total sources of electric energy in 2014, respectively. Natural Gas: Alliant Energy owns several larger natural gas-fired EGUs, including IPL’s Emery (603 megawatt (MW)), WPL’s Riverside (675 MW), WPL’s Neenah (371 MW) and Resources’ Sheboygan Falls (347 MW) facilities. WPL has exclusive rights to the output of Sheboygan Falls under an affiliated lease agreement. IPL and WPL also owns several smaller natural gas-fired EGUs and IPL currently expects to convert an EGU currently fueled with coal to natural gas in the future. Wind: The company's wind projects include IPL’s 200 MW Whispering Willow - East wind project in Franklin County, Iowa; WPL’s 68 MW Cedar Ridge wind project in Fond du Lac County, Wisconsin; and WPL’s 201 MW Bent Tree wind project in Freeborn County, Minnesota. Purchased Power: IPL and WPL periodically enter into purchased power agreements (PPAs) and purchase electricity from wholesale energy markets to meet a portion of their customer demand for electricity. IPL’s most significant PPA is for the purchase of up to 431 MWs of capacity and the resulting energy from DAEC for a term from February 22, 2014 through December 31, 2025. WPL’s most significant PPA is for the purchase of 150 MWs of energy for a term from January 1, 2014 through December 31, 2018. Electric Transmission: ITC and ATC are independent for-profit, transmission-only companies and are transmission-owning members of the MISO Regional Transmission Organization, Midwest Reliability Organization and Reliability First Corporation Regional Entities. Gas Utility Operations The company’s gas utility operations are located in the Midwest with IPL providing gas service in Iowa and southern Minnesota, and WPL providing gas service in southern and central Wisconsin. In addition to the sale of natural gas to retail customers, IPL and WPL provide transportation service to commercial and industrial customers by moving customer-owned gas through the company’s distribution systems to the customers’ meters. Gas Supply: IPL and WPL maintain purchase agreements with approximately 70 suppliers of natural gas from various gas producing regions of the U.S. and Canada. In providing gas commodity service to retail customers, Corporate Services administers a portfolio of transportation and storage contracts on behalf of IPL and WPL. Transportation contracts with Northern Natural Gas Company, ANR Pipeline, Natural Gas Pipeline Co. of America, Guardian Pipeline, and Northern Border Pipeline allow access to gas supplies located in

 

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