July 24, 2014 4:05 AM ET

Electric Utilities

Company Overview of Interstate Power and Light Company

Company Overview

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

Alliant Energy Tower

Cedar Rapids, IA 52401

United States

Founded in 1925

1,676 Employees

Phone:

319-786-4411

Key Executives for Interstate Power and Light Company

Chairman and Chief Executive Officer
Age: 54
President
Age: 60
Chief Financial Officer
Age: 60
Senior Vice President and General Counsel
Age: 53
Senior Vice President
Age: 50
Compensation as of Fiscal Year 2014.

Interstate Power and Light Company Key Developments

Interstate Power and Light Company Declares Preferred Stock Dividend Payable on June 16, 2014

The Board of Directors of Alliant Energy's Iowa utility, Interstate Power and Light Company (IPL), has declared dividends for its preferred stock shareowners of record on May 30, 2014. The dividends, which are payable on June 16, 2014, are as follows: $0.31875 per share on the 5.1% Series D Cumulative Preferred Stock.

Interstate Power and Light Company Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2014

Interstate Power and Light Company reported unaudited earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported GAAP income of $43.4 million or $0.39 per share against $22.9 million or $0.21 per share a year ago. Non- GAAP net income was $43.4 million or $0.39 per share against $28.3 million or $0.26 per share a year ago.

Interstate Power and Light Company Announces Changes in Management Team, Effective on March 31, 2014

On February 10, 2014, Thomas L. Aller notified the Board of Directors of Interstate Power and Light Company that he will retire from his position as President of IPL, effective on March 31, 2014. On February 11, 2014, the Board of Directors of IPL appointed Douglas R. Kopp, 60, as President of IPL effective April 1, 2014. Mr. Kopp will transition into his duties as President of IPL during the period from March 1, 2014 to April 1, 2014. Mr. Kopp served as Vice President- Environmental Affairs of AEC, IPL and WPL since 2013, Director-Environmental Affairs of AEC, IPL and WPL from 2011 to 2013, Plant Manager of IPL's Prairie Creek Generating Station in 2010, Plant Manager of IPL's Sutherland Generating Station from 2009 to 2010, and Plant Manager of IPL's Sixth Street Generating Station from 2006 to 2010. Prior to that, Mr. Kopp held positions at AEC, IPL and WPL in the areas of economic development, customer service and regulatory pricing.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 3, 2013
Interstate Power and Light Company, Minnesota Natural Gas Distribution Business
 

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