Profile: Alliant Energy Corp (LNT)
11 Jul 2014
Alliant Energy Corporation (Alliant Energy), incorporated on April 22, 1981, operates as a regulated investor-owned public utility holding company. Alliant Energy’s primary focus is to provide regulated electricity and natural gas service to approximately one million electric and approximately 415,000 natural gas customers in the Midwest through its two public utility subsidiaries. The primary first tier subsidiaries of Alliant Energy are: Interstate Power and Light Company (IPL), Wisconsin Power and Light Company (WPL), Resources and Corporate Services. IPL is a public utility engaged principally in the generation and distribution of electricity and the distribution and transportation of natural gas in selective markets in Iowa and southern Minnesota. WPL is a public utility engaged principally in the generation and distribution of electricity and the distribution and transportation of natural gas in selective markets in southern and central Wisconsin. On February 1, 2013, it sold RMT, Inc.
On January 2, 2013, the Company's subsidiary, Wisconsin Power and Light Company, purchased Riverside Energy Center, LLC. As of December 31, 2012, IPL supplied electric and gas service to 526,841 and 233,820 retail customers, respectively. IPL is also engaged in the generation and distribution of steam for two customers in Cedar Rapids, Iowa. As of December 31, 2012, WPL supplied electric and gas service to 458,180 and 181,028 retail customers, respectively. WPL Transco LLC is a wholly owned subsidiary of WPL and holds WPL’s investment in the American Transmission Company LLC (ATC).
Electric Utility Operations
Electric utility operations represent the largest operating segment for Alliant Energy, IPL and WPL. Alliant Energy’s electric utility 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 diversified base of retail customers in several industries, with the largest concentrations in the food manufacturing, chemical (including ethanol) and paper industries. IPL and WPL own a portfolio of electric generating facilities located in Iowa, Wisconsin and Minnesota with a diversified fuel mix including coal, natural gas and renewable resources.
Alliant Energy owns several natural gas-fired generating facilities including IPL’s 565 megawatts Emery Generating Station, WPL’s 300 MW Neenah Energy Facility, WPL’s 600 megawatts Riverside Generating Station and Resources’ 300 megawatts Sheboygan Falls Energy Facility. WPL has exclusive rights to the output of the Sheboygan Falls Energy Facility under an affiliated lease agreement. IPL has a 200 megawatts Whispering Willow - East wind project in Franklin County, Iowa.
Gas Utility Operations
Gas utility operations represent the second largest operating segment for Alliant Energy, IPL and WPL. Alliant Energy’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.
Other Utility Operations - Steam
IPL’s Prairie Creek Generating Station is the primary source of steam for IPL’s two high-pressure steam customers. IPL’s largest high-pressure steam customer accounts for approximately 95% of IPL’s steam revenues.
Alliant Energy Corp
Suite 1000, 4902 N. Biltmore Lan
MADISON WI 53718