Last $59.23 USD
Change Today +0.33 / 0.56%
Volume 113.9K
As of 11:48 AM 07/22/14 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: 608-458-0100

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 415,000 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). 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. In Iowa, IPL provides utility services to incorporated communities as directed by the Iowa Utilities Board and utilizes non-exclusive franchises, which cover the use of public right-of-ways for utility facilities in incorporated communities for a maximum term of 25 years. 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. 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. WPL operates in municipalities pursuant to permits of indefinite duration and state statutes authorizing utility operation in areas annexed by a municipality. 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. 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 the primary fuel source for the company’s, IPL’s, and WPL’s internally generated electric supply and represented approximately 40% to 50% of their total sources of electric energy in 2012. Natural Gas: The company owns various natural gas-fired generating facilities, including IPL’s 565 megawatt (MW) Emery Generating Station, WPL’s 300 MW Neenah Energy Facility, WPL’s 600 MW Riverside Generating Station, and Resources’ 300 MW Sheboygan Falls Energy Facility. WPL has rights to the output of the Sheboygan Falls Energy Facility under an affiliated lease agreement. 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 200 MW Bent Tree - Phase I 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 primary PPA is with NextEra Energy Resources, LLC for the purchase of energy and capacity from the Duane Arnold Energy Center through February 2014. WPL’s primary PPA is with Dominion Resources, Inc. for the purchase of energy and capacity from the Kewaunee Nuclear Power Plant through December 2013. Electric Transmission: IPL co

 

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