Key Developments: Alliant Energy Corp (LNT)
51.02USD
23 May 2013
$-0.41 (-0.80%)
$51.43
$51.11
$51.13
$49.81
600,362
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$53.52
$42.21
Latest Key Developments (Source: Significant Developments)
Alliant Energy Corp Reaffirms FY 2013 EPS Guidance
Alliant Energy Corp reaffirmed fiscal 2013 earnings per share (EPS) guidance and expects consolidated EPS of $2.95-$3.25. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $3.13 for fiscal 2013. Full Article
Alliant Energy Corp Declares Common Stock Dividend
Alliant Energy Corp announced quarterly dividends on common stock were declared by the Board of Directors. The common stock dividend is $0.47 per share payable on May 15, 2013, to shareowners of record on close of business April 30, 2013. Full Article
Alliant Energy Corp's Interstate Power and Light Co Announces Pricing Of 8.0 Million Shares Of 5.1% Series D Cumulative Perpetual Preferred Stock
Interstate Power and Light Co, a wholly-owned subsidiary of Alliant Energy Corporation (NYSE:LNT), announced the pricing of an underwritten public offering of 8.0 million shares of newly issued 5.1% Series D Cumulative Perpetual Preferred Stock (Preferred Stock) at a price of $25.00 per share, resulting in gross proceeds of $200 million. IPL estimates that the net proceeds, after deducting the underwriting discount and before other estimated offering expenses, will be approximately $195 million. IPL intends to apply the net proceeds from this offering to fund the previously-announced redemption of its 8.375% Series B Cumulative Preferred Stock. Remaining net proceeds will be used for working capital and other general corporate purposes. IPL has applied to list the Preferred Stock on the New York Stock Exchange under the symbol "IPL/PRD." If the application is approved, trading of the Preferred Stock is expected to commence within 30 days after the initial delivery of the Preferred Stock. Robert W. Baird & Co. Incorporated, Barclays Capital Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC are joint book-running managers for the offering, and Comerica Securities, Inc., KeyBanc Capital Markets Inc. and Samuel A. Ramirez & Company, Inc. are co-managers for the offering. Full Article
Alliant Energy Corp Reaffirms FY 2013 EPS Guidance
Alliant Energy Corp reaffirmed fiscal 2013 guidance and expects consolidated earnings per share (EPS) in the range of $2.95-$3.25. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $3.14 for fiscal 2013. Full Article
Alliant Energy Corp Closes On The Sale Of RMT, Inc. To Infrastructure And Energy Alternatives, LLC
Alliant Energy Corp announced that it has closed on the sale of RMT, Inc. (RMT), a former renewable energy services subsidiary, to Infrastructure and Energy Alternatives, LLC (IEA). Alliant Energy announced in December 2012 that it had entered into a definitive agreement to sell RMT to IEA. Terms and conditions of the sale are not being disclosed. Full Article
Alliant Energy Corp Declares Common Stock Dividend
Alliant Energy Corp announced the quarterly dividends on common stock were declared by the Board of Directors. The common stock dividend is $0.47 per share payable on February 15, 2013, to shareowners of record on close of business January 31, 2013 . Full Article
Alliant Energy Corp's Wisconsin Power and Light Company Closes Purchase Of Riverside Energy Center From Calpine Corporation
Wisconsin Power and Light Company (WPL), a subsidiary of Alliant Energy Corporation announced that it has closed on the purchase of Riverside Energy Center, LLC, which owned the Riverside Energy Center. Riverside Energy Center, LLC, was owned by Calpine Corporation at the time it was purchased by WPL. The purchase price was approximately $400 million. The Riverside Energy Center is a 600MW combined cycle natural gas-fired electric generating facility located in Beloit, Wisconsin. Full Article
Alliant Energy Corp Raises Low End Of Prior FY 2012 EPS Guidance; Issues FY 2013 EPS Guidance In Line With Analysts' Estimates
Alliant Energy Corp narrowed fiscal 2012 earnings guidance, which excludes a charge of $0.14 per share associated with state tax apportionment changes at the utilities resulting from the planned sale of RMT and non-recurring regulatory-related credits of $0.02 per share from the PSCW rate case decision discussed in the first and second quarter releases. The Company expects EPS of $2.90-$3.05, compared to previous range of $2.75-$3.05. For fiscal 2013, it expects consolidated EPS of $2.95-$3.25. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $2.97 for fiscal 2012; EPS of $3.12 for fiscal 2013. Full Article
Alliant Energy Corp Declares Common Stock Dividend
Alliant Energy Corp announced quarterly dividends on common stock were declared by the Board of Directors. The common stock dividend is $0.45 per share payable on November 15, 2012, to shareowners of record on close of business October 31, 2012. Full Article
Alliant Energy Corp Reaffirms FY 2012 EPS Guidance
Alliant Energy Corp. affirmed its fiscal 2012 earnings guidance and expects earnings per share (EPS) to be in the range of $2.75-$3.05. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $2.83 for fiscal 2012. Full Article
Alliant to upgrade equipment at Wisconsin coal power plant
May 2 - Wisconsin Power and Light, a unit of U.S. power company Alliant Energy Corp, said Thursday it received oral approval from Wisconsin regulators to upgrade emission control equipment at Unit 5 of the Edgewater coal-fired power plant in Wisconsin.
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