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Alliant Energy(LNT) - 2023 Q2 - Quarterly Report
2023-08-04 15:54
Table of Contents For the transition period from to Name of Registrant, State of Incorporation, Address of Principal Executive Offices, Telephone Number, Commission File Number, IRS Employer Identification Number UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ...
Alliant Energy(LNT) - 2023 Q1 - Quarterly Report
2023-05-05 15:38
[Filing Information](index=1&type=section&id=Filing%20Information) The report is a Quarterly Report (Form 10-Q) for the period ended March 31, 2023 - The report is a Quarterly Report (Form 10-Q) for the period ended March 31, 2023[2](index=2&type=chunk) - Alliant Energy Corporation is classified as a Large Accelerated Filer, while Interstate Power and Light Company and Wisconsin Power and Light Company are Non-accelerated Filers[7](index=7&type=chunk) Shares Outstanding as of March 31, 2023 | Registrant | Shares Outstanding | | :-------------------------------- | :------------------- | | Alliant Energy Corporation | 251,387,788 | | Interstate Power and Light Company | 13,370,788 | | Wisconsin Power and Light Company | 13,236,601 | [Table of Contents](index=3&type=section&id=Table%20of%20Contents) [Definitions](index=4&type=section&id=DEFINITIONS) The section provides a glossary of abbreviations and acronyms used throughout the report to ensure clarity and consistent understanding of terms - The section provides a glossary of abbreviations and acronyms used throughout the report, such as Alliant Energy, IPL, WPL, SEC, GAAP, EPS, MISO, and others, to ensure clarity and consistent understanding of terms[12](index=12&type=chunk) [Forward-looking Statements](index=4&type=section&id=FORWARD-LOOKING%20STATEMENTS) Statements in the report that are not historical facts are forward-looking and subject to risks and uncertainties that could cause actual results to differ materially - Statements in the report that are not historical facts are forward-looking and subject to risks and uncertainties that could cause actual results to differ materially[14](index=14&type=chunk) - Key risks include cybersecurity incidents, impacts of customer- and third-party owned generation, energy efficiency, price changes, inflation, interest rates, fuel price volatility, ability to obtain adequate and timely rate relief, regulatory approvals for construction projects, completion of renewable generation and storage projects, tax credit utilization, supply chain disruptions, federal and state regulatory actions, changes in tax code, employee workforce factors, disruptions in supply and delivery of natural gas/electricity/coal, counterparty creditworthiness, data security breaches, terrorist attacks, post-closing payments related to asset divestitures (e.g., Whiting Petroleum), weather effects, access to capital markets, MISO resource adequacy process changes, COVID-19 pandemic effects, environmental remediation and compliance issues, pressure to reduce carbon emissions, environmental claims, equipment breakdowns, dividend payout ratio, benefit plan costs, non-utility holdings risks, technology changes, equity income impacts from unconsolidated investments, Iowa rate-making practices, litigation, reputational damage, accounting standards, and tax audits[15](index=15&type=chunk)[17](index=17&type=chunk) - Alliant Energy, IPL, and WPL disclaim any duty to update forward-looking statements, except as required by law[17](index=17&type=chunk) [Part I. Financial Information](index=6&type=section&id=Part%20I.%20Financial%20Information) This section presents the unaudited condensed consolidated financial statements for Alliant Energy Corporation and its subsidiaries, along with management's discussion and analysis of financial condition and results of operations, and disclosures about market risk and internal controls [Condensed Consolidated Financial Statements (Unaudited)](index=6&type=section&id=Item%201.%20Condensed%20Consolidated%20Financial%20Statements%20(Unaudited)) This chapter presents the unaudited condensed consolidated financial statements for Alliant Energy Corporation, Interstate Power and Light Company (IPL), and Wisconsin Power and Light Company (WPL) for the three months ended March 31, 2023 and 2022, including statements of income, balance sheets, and cash flows, along with detailed notes explaining significant accounting policies, regulatory matters, debt, revenues, and other financial components [Alliant Energy Corporation Financial Statements](index=6&type=section&id=Alliant%20Energy%20Corporation) This section provides the condensed consolidated statements of income, balance sheets, and cash flows for Alliant Energy Corporation, showing a decrease in net income and EPS for Q1 2023 compared to Q1 2022, alongside changes in assets, liabilities, and cash flow activities Alliant Energy Corporation - Condensed Consolidated Statements of Income (Unaudited) | Metric | 3 Months Ended March 31, 2023 (in millions) | 3 Months Ended March 31, 2022 (in millions) | Change (2023 vs 2022) | | :-------------------------------- | :------------------------------------------ | :------------------------------------------ | :-------------------- | | Total Revenues | $1,077 | $1,068 | +$9 | | Total Operating Expenses | $855 | $820 | +$35 | | Operating Income | $222 | $248 | -$26 | | Income Before Income Taxes | $161 | $200 | -$39 | | Net Income Attributable to Common Shareowners | $163 | $192 | -$29 | | Basic & Diluted EPS | $0.65 | $0.77 | -$0.12 | Alliant Energy Corporation - Condensed Consolidated Balance Sheets (Unaudited) | Metric | March 31, 2023 (in millions) | December 31, 2022 (in millions) | Change (March 2023 vs Dec 2022) | | :-------------------------------- | :------------------------------------------ | :------------------------------------------ | :-------------------------------- | | Total Current Assets | $1,192 | $1,250 | -$58 | | Property, Plant and Equipment, net | $16,396 | $16,247 | +$149 | | Total Assets | $20,240 | $20,163 | +$77 | | Total Current Liabilities | $1,908 | $2,363 | -$455 | | Long-term Debt, net | $8,132 | $7,668 | +$464 | | Total Alliant Energy Common Equity | $6,328 | $6,276 | +$52 | | Total Liabilities and Equity | $20,240 | $20,163 | +$77 | Alliant Energy Corporation - Condensed Consolidated Statements of Cash Flows (Unaudited) | Metric | 3 Months Ended March 31, 2023 (in millions) | 3 Months Ended March 31, 2022 (in millions) | Change (2023 vs 2022) | | :-------------------------------- | :------------------------------------------ | :------------------------------------------ | :-------------------- | | Net Cash Flows from Operating Activities | $188 | $251 | -$63 | | Net Cash Flows Used for Investing Activities | ($263) | ($223) | -$40 | | Net Cash Flows from Financing Activities | $212 | $3 | +$209 | | Net Increase in Cash, Cash Equivalents and Restricted Cash | $137 | $31 | +$106 | | Cash, Cash Equivalents and Restricted Cash at End of Period | $161 | $71 | +$90 | [Interstate Power and Light Company Financial Statements](index=9&type=section&id=Interstate%20Power%20and%20Light%20Company) This section presents the condensed consolidated statements of income, balance sheets, and cash flows for IPL, showing a decrease in net income for Q1 2023 compared to Q1 2022, with notable shifts in cash flow from operating and investing activities Interstate Power and Light Company - Condensed Consolidated Statements of Income (Unaudited) | Metric | 3 Months Ended March 31, 2023 (in millions) | 3 Months Ended March 31, 2022 (in millions) | Change (2023 vs 2022) | | :-------------------------------- | :------------------------------------------ | :------------------------------------------ | :-------------------- | | Total Revenues | $549 | $550 | -$1 | | Total Operating Expenses | $453 | $440 | +$13 | | Operating Income | $96 | $110 | -$14 | | Income Before Income Taxes | $61 | $76 | -$15 | | Net Income | $72 | $87 | -$15 | Interstate Power and Light Company - Condensed Consolidated Balance Sheets (Unaudited) | Metric | March 31, 2023 (in millions) | December 31, 2022 (in millions) | Change (March 2023 vs Dec 2022) | | :-------------------------------- | :------------------------------------------ | :------------------------------------------ | :-------------------------------- | | Total Current Assets | $494 | $618 | -$124 | | Property, Plant and Equipment, net | $8,112 | $8,046 | +$66 | | Total Assets | $10,007 | $10,075 | -$68 | | Total Current Liabilities | $518 | $581 | -$63 | | Long-term Debt, net | $3,647 | $3,646 | +$1 | | Total IPL Common Equity | $3,810 | $3,808 | +$2 | | Total Liabilities and Equity | $10,007 | $10,075 | -$68 | Interstate Power and Light Company - Condensed Consolidated Statements of Cash Flows (Unaudited) | Metric | 3 Months Ended March 31, 2023 (in millions) | 3 Months Ended March 31, 2022 (in millions) | Change (2023 vs 2022) | | :-------------------------------- | :------------------------------------------ | :------------------------------------------ | :-------------------- | | Net Cash Flows from Operating Activities | $24 | $89 | -$65 | | Net Cash Flows from Investing Activities | $70 | $18 | +$52 | | Net Cash Flows Used for Financing Activities | ($74) | ($79) | +$5 | | Net Increase in Cash, Cash Equivalents and Restricted Cash | $20 | $28 | -$8 | | Cash, Cash Equivalents and Restricted Cash at End of Period | $35 | $62 | -$27 | [Wisconsin Power and Light Company Financial Statements](index=12&type=section&id=Wisconsin%20Power%20and%20Light%20Company) This section presents the condensed consolidated statements of income, balance sheets, and cash flows for WPL, showing a slight decrease in net income for Q1 2023 compared to Q1 2022, with significant increases in cash flow from operating and financing activities Wisconsin Power and Light Company - Condensed Consolidated Statements of Income (Unaudited) | Metric | 3 Months Ended March 31, 2023 (in millions) | 3 Months Ended March 31, 2022 (in millions) | Change (2023 vs 2022) | | :-------------------------------- | :------------------------------------------ | :------------------------------------------ | :-------------------- | | Total Revenues | $506 | $496 | +$10 | | Total Operating Expenses | $385 | $365 | +$20 | | Operating Income | $121 | $131 | -$10 | | Income Before Income Taxes | $100 | $113 | -$13 | | Net Income | $88 | $92 | -$4 | Wisconsin Power and Light Company - Condensed Consolidated Balance Sheets (Unaudited) | Metric | March 31, 2023 (in millions) | December 31, 2022 (in millions) | Change (March 2023 vs Dec 2022) | | :-------------------------------- | :------------------------------------------ | :------------------------------------------ | :-------------------------------- | | Total Current Assets | $621 | $588 | +$33 | | Property, Plant and Equipment, net | $7,792 | $7,722 | +$70 | | Total Assets | $9,074 | $8,987 | +$87 | | Total Current Liabilities | $512 | $949 | -$437 | | Long-term Debt, net | $3,067 | $2,770 | +$297 | | Total WPL Common Equity | $3,713 | $3,491 | +$222 | | Total Liabilities and Equity | $9,074 | $8,987 | +$87 | Wisconsin Power and Light Company - Condensed Consolidated Statements of Cash Flows (Unaudited) | Metric | 3 Months Ended March 31, 2023 (in millions) | 3 Months Ended March 31, 2022 (in millions) | Change (2023 vs 2022) | | :-------------------------------- | :------------------------------------------ | :------------------------------------------ | :-------------------- | | Net Cash Flows from Operating Activities | $185 | $167 | +$18 | | Net Cash Flows Used for Investing Activities | ($295) | ($217) | -$78 | | Net Cash Flows from Financing Activities | $191 | $52 | +$139 | | Net Increase in Cash, Cash Equivalents and Restricted Cash | $81 | $2 | +$79 | | Cash, Cash Equivalents and Restricted Cash at End of Period | $86 | $4 | +$82 | [Combined Notes to Condensed Consolidated Financial Statements](index=15&type=section&id=Combined%20Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) This chapter provides detailed explanations and disclosures for the condensed consolidated financial statements, covering significant accounting policies, regulatory assets and liabilities, property, plant and equipment, receivables, investments, common equity, debt, revenues, income taxes, benefit plans, derivative instruments, fair value measurements, commitments and contingencies, business segments, and related party transactions [Note 1. Summary of Significant Accounting Policies](index=15&type=section&id=1.%20Summary%20of%20Significant%20Accounting%20Policies) This note outlines the basis of preparation for the interim unaudited financial statements, noting adherence to SEC rules, condensation of information, and the use of GAAP - Interim unaudited financial statements are prepared pursuant to SEC rules, with certain GAAP information condensed or omitted[46](index=46&type=chunk) - Results for the three months ended March 31, 2023, are not necessarily indicative of results for the full year ending December 31, 2023[47](index=47&type=chunk) - As of March 31, 2023, cash and cash equivalents included money market fund investments with **5% interest rates**: Alliant Energy (**$148 million**), IPL (**$30 million**), and WPL (**$83 million**)[49](index=49&type=chunk) [Note 2. Regulatory Matters](index=15&type=section&id=2.%20Regulatory%20Matters) This note details the composition and changes in regulatory assets and liabilities for Alliant Energy, IPL, and WPL, primarily driven by tax-related items, pension/OPEB costs, asset retirement obligations, commodity cost recovery, and derivatives Regulatory Assets (in millions) | Item | Alliant Energy (Mar 2023) | Alliant Energy (Dec 2022) | IPL (Mar 2023) | IPL (Dec 2022) | WPL (Mar 2023) | WPL (Dec 2022) | | :-------------------------------- | :------------------------ | :------------------------ | :------------- | :------------- | :------------- | :------------- | | Tax-related | $942 | $929 | $857 | $848 | $85 | $81 | | Pension and OPEB costs | 385 | 392 | 193 | 197 | 192 | 195 | | Asset retirement obligations | 156 | 151 | 115 | 110 | 41 | 41 | | Commodity cost recovery | 152 | 160 | 4 | 1 | 148 | 159 | | Derivatives | 101 | 84 | 37 | 48 | 64 | 36 | | Assets retired early | 67 | 70 | 51 | 53 | 16 | 17 | | IPL's Duane Arnold Energy Center PPA amendment | 60 | 66 | 60 | 66 | — | — | | WPL's Western Wisconsin gas distribution expansion investments | 48 | 48 | — | — | 48 | 48 | | Other | 169 | 146 | 66 | 63 | 103 | 83 | | **Total** | **$2,080** | **$2,046** | **$1,383** | **$1,386** | **$697** | **$660** | Regulatory Liabilities (in millions) | Item | Alliant Energy (Mar 2023) | Alliant Energy (Dec 2022) | IPL (Mar 2023) | IPL (Dec 2022) | WPL (Mar 2023) | WPL (Dec 2022) | | :-------------------------------- | :------------------------ | :------------------------ | :------------- | :------------- | :------------- | :------------- | | Tax-related | $575 | $579 | $302 | $303 | $273 | $276 | | Cost of removal obligations | 403 | 398 | 261 | 259 | 142 | 139 | | Derivatives | 117 | 210 | 64 | 115 | 53 | 95 | | Electric transmission cost recovery | 26 | 20 | 19 | 10 | 7 | 10 | | WPL's West Riverside liquidated damages | 24 | 32 | — | — | 24 | 32 | | Commodity cost recovery | 22 | 40 | 8 | 38 | 14 | 2 | | Other | 64 | 45 | 43 | 29 | 21 | 16 | | **Total** | **$1,231** | **$1,324** | **$697** | **$754** | **$534** | **$570** | [Note 3. Property, Plant and Equipment](index=16&type=section&id=3.%20Property,%20Plant%20and%20Equipment) This note highlights the sale of a partial ownership interest in West Riverside to Madison Gas and Electric Company in March 2023, resulting in WPL's current ownership interest being 87.6% - In March 2023, Madison Gas and Electric Company acquired a partial ownership interest in West Riverside[52](index=52&type=chunk) - As a result of the transaction, WPL's undivided current ownership interest in West Riverside is **87.6%**[52](index=52&type=chunk) [Note 4. Receivables](index=16&type=section&id=4.%20Receivables) This note details accounts receivable write-offs for Q1 2023 and IPL's Receivables Purchase and Sale Agreement, which was amended and extended through March 2024, allowing for the sale of customer accounts receivables Gross Write-offs for Accounts Receivable (Q1 2023, in millions) | Entity | Gross Write-offs | | :------------- | :--------------- | | Alliant Energy | $5 | | IPL | $3 | | WPL | $2 | - IPL's Receivables Purchase and Sale Agreement was amended and extended through March 2024, with **$21 million** of available capacity as of March 31, 2023[54](index=54&type=chunk) IPL's Receivables Sold Under Agreement (in millions) | Metric | March 31, 2023 | December 31, 2022 | | :-------------------------------- | :------------- | :---------------- | | Maximum outstanding aggregate cash proceeds (Q1) | $89 | $36 | | Average outstanding aggregate cash proceeds (Q1) | $58 | $4 | | Receivables sold to third party | $255 | $277 | | Fair value of deferred proceeds | $153 | $185 | | Collections (Q1) | $591 | $561 | | Write-offs, net of recoveries (Q1) | $2 | $2 | [Note 5. Investments](index=16&type=section&id=5.%20Investments) This note reports Alliant Energy's equity income from unconsolidated investments, primarily ATC Holdings, which saw a slight increase in net loss for Q1 2023 compared to Q1 2022 Alliant Energy's Equity (Income) Loss from Unconsolidated Investments (in millions) | Investment | 3 Months Ended March 31, 2023 | 3 Months Ended March 31, 2022 | | :-------------------------------- | :------------------------------------------ | :------------------------------------------ | | ATC Holdings | ($13) | ($11) | | Other | ($4) | ($4) | | **Total** | **($17)** | **($15)** | [Note 6. Common Equity](index=16&type=section&id=6.%20Common%20Equity) This note summarizes changes in common stock activity and shareowners' equity for Alliant Energy, IPL, and WPL, including net income, common stock dividends, and capital contributions from the parent Alliant Energy Common Stock Activity | Metric | Shares Outstanding | | :-------------------------------- | :----------------- | | January 1, 2023 | 251,134,966 | | Shareowner Direct Plan | 118,488 | | Equity-based compensation plans | 134,334 | | **March 31, 2023** | **251,387,788** | Changes in Alliant Energy Shareowners' Equity (in millions) | Item | 3 Months Ended March 31, 2023 | 3 Months Ended March 31, 2022 | | :-------------------------------- | :------------------------------ | :------------------------------ | | Beginning balance | $6,276 | $5,990 | | Net income | 163 | 192 | | Common stock dividends | (113) | (107) | | Shareowner Direct Plan issuances | 6 | 7 | | Equity-based compensation plans and other | (3) | (5) | | Other comprehensive loss, net of tax | (1) | — | | **Ending balance** | **$6,328** | **$6,077** | Changes in IPL Common Equity (in millions) | Item | 3 Months Ended March 31, 2023 | 3 Months Ended March 31, 2022 | | :-------------------------------- | :------------------------------ | :------------------------------ | | Beginning balance | $3,808 | $3,769 | | Net income | 72 | 87 | | Common stock dividends | (70) | (81) | | **Ending balance** | **$3,810** | **$3,775** | Changes in WPL Common Equity (in millions) | Item | 3 Months Ended March 31, 2023 | 3 Months Ended March 31, 2022 | | :-------------------------------- | :------------------------------ | :------------------------------ | | Beginning balance | $3,491 | $2,823 | | Net income | 88 | 92 | | Common stock dividends | (46) | (44) | | Capital contributions from parent | 180 | 180 | | **Ending balance** | **$3,713** | **$3,051** | [Note 7. Debt](index=19&type=section&id=7.%20Debt) This note details short-term and long-term debt activities, including the extension of the credit facility, WPL's issuance of green bonds, and Alliant Energy's issuance of convertible senior notes in Q1 2023 - Alliant Energy, IPL, and WPL extended their single credit facility agreement to December 2027, reallocating capacity to **$450 million** for Alliant Energy, **$250 million** for IPL, and **$300 million** for WPL within the **$1 billion** total commitment[59](index=59&type=chunk) Commercial Paper Classified as Short-term Debt (March 31, 2023, in millions) | Entity | Amount Outstanding | Weighted Average Interest Rates | Available Credit Facility Capacity | | :------------- | :----------------- | :------------------------------ | :------------------------------- | | Alliant Energy | $60 | 5.1% | $940 | | IPL | $— | N/A | $250 | | WPL | $60 | 5.1% | $240 | - WPL issued **$300 million** of **4.95% debentures due 2033** as green bonds, with proceeds allocated for the development and acquisition of WPL's solar EGUs[60](index=60&type=chunk) - Alliant Energy issued **$575 million** of **3.875% convertible senior notes due March 15, 2026**, for general corporate purposes, with an initial conversion rate of **15.5461 shares of common stock per $1,000 principal amount**[61](index=61&type=chunk)[63](index=63&type=chunk) - As of March 31, 2023, the net carrying amount of the convertible notes was **$565 million**, with an estimated fair value of **$595 million**[65](index=65&type=chunk) [Note 8. Revenues](index=20&type=section&id=8.%20Revenues) This note provides a disaggregation of revenues from contracts with customers for Alliant Energy, IPL, and WPL, categorized by electric utility, gas utility, other utility, and non-utility segments for the three months ended March 31, 2023 and 2022 Disaggregation of Revenues (in millions) | Revenue Type | Alliant Energy (2023) | Alliant Energy (2022) | IPL (2023) | IPL (2022) | WPL (2023) | WPL (2022) | | :-------------------------------- | :-------------------- | :-------------------- | :--------- | :--------- | :--------- | :--------- | | Electric Utility | $768 | $773 | $388 | $400 | $380 | $373 | | Gas Utility | $276 | $262 | $150 | $139 | $126 | $123 | | Other Utility | $11 | $11 | $11 | $11 | $— | $— | | Non-Utility and Other | $22 | $22 | $— | $— | $— | $— | | **Total Revenues** | **$1,077** | **$1,068** | **$549** | **$550** | **$506** | **$496** | [Note 9. Income Taxes](index=20&type=section&id=9.%20Income%20Taxes) This note presents the overall effective income tax rates for Alliant Energy, IPL, and WPL, noting variations from the federal statutory rate due to state income taxes, production tax credits, and other factors Overall Effective Income Tax Rates | Entity | 2023 | 2022 | | :------------- | :----- | :----- | | Alliant Energy | (1%) | 4% | | IPL | (18%) | (14%) | | WPL | 12% | 19% | Carryforwards at March 31, 2023 (in millions) | Carryforward Type | Alliant Energy | IPL | WPL | Range of Expiration Dates | | :-------------------------------- | :------------- | :---- | :---- | :------------------------ | | State net operating losses | $535 | $12 | $1 | 2025-2043 | | Federal tax credits | $698 | $468 | $218 | 2027-2043 | [Note 10. Benefit Plans](index=20&type=section&id=10.%20Benefit%20Plans) This note details the net periodic benefit costs for sponsored defined benefit pension and OPEB plans for Alliant Energy, IPL, and WPL, and summarizes compensation expense and related income tax benefits for equity-based compensation plans Net Periodic Benefit Costs (Q1, in millions) | Entity | Plan Type | 2023 | 2022 | | :------------- | :-------------------- | :----- | :----- | | Alliant Energy | Defined Benefit Pension | $6 | $2 | | Alliant Energy | OPEB Plans | $2 | $2 | | IPL | Defined Benefit Pension | $2 | $1 | | IPL | OPEB Plans | $— | $— | | WPL | Defined Benefit Pension | $3 | $1 | | WPL | OPEB Plans | $1 | $1 | Equity-based Compensation Expense and Tax Benefits (Q1, in millions) | Entity | 2023 Compensation Expense | 2022 Compensation Expense | 2023 Income Tax Benefits | 2022 Income Tax Benefits | | :------------- | :------------------------ | :------------------------ | :----------------------- | :----------------------- | | Alliant Energy | $3 | $4 | $1 | $1 | | IPL | $2 | $2 | $— | $1 | | WPL | $1 | $2 | $— | $— | - Total unrecognized compensation cost related to share-based awards was **$18 million** for Alliant Energy, **$9 million** for IPL, and **$8 million** for WPL, expected to be recognized over a weighted average period of between **1 and 2 years**[71](index=71&type=chunk) [Note 11. Derivative Instruments](index=21&type=section&id=11.%20Derivative%20Instruments) This note provides details on commodity derivatives, including notional amounts and financial statement presentation, and discusses an interest rate derivative entered into by AEF to mitigate interest rate risk Gross Notional Amounts of Commodity Derivative Instruments (March 31, 2023, in thousands) | Entity | Electricity (MWhs) | FTRs (MWhs) | Natural Gas (Dths) | Coal (Tons) | | :------------- | :----------------- | :---------- | :----------------- | :---------- | | Alliant Energy | 922 | 3,276 | 209,102 | 662 | | IPL | 391 | 1,338 | 101,863 | 325 | | WPL | 531 | 1,938 | 107,239 | 337 | Derivative Instruments on Balance Sheets (in millions) | Item | Alliant Energy (Mar 2023) | Alliant Energy (Dec 2022) | IPL (Mar 2023) | IPL (Dec 2022) | WPL (Mar 2023) | WPL (Dec 2022) | | :-------------------------------- | :------------------------ | :------------------------ | :------------- | :------------- | :------------- | :------------- | | Current derivative assets | $28 | $111 | $17 | $69 | $11 | $42 | | Non-current derivative assets | $94 | $126 | $52 | $69 | $42 | $57 | | Current derivative liabilities | $65 | $59 | $26 | $40 | $39 | $19 | | Non-current derivative liabilities | $30 | $20 | $8 | $6 | $22 | $14 | - AEF entered into a **$300 million interest rate swap** in January 2023, maturing in January 2026, to mitigate interest rate risk by exchanging a variable interest rate for a fixed rate of **3.93%**[78](index=78&type=chunk) [Note 12. Fair Value Measurements](index=23&type=section&id=12.%20Fair%20Value%20Measurements) This note provides fair value measurements for financial instruments, including money market fund investments, commodity derivatives, deferred proceeds, interest rate derivatives, and long-term debt, categorized by Level 1, 2, and 3 inputs Alliant Energy Fair Value of Financial Instruments (March 31, 2023, in millions) | Item | Carrying Amount | Fair Value (Total) | Level 1 | Level 2 | Level 3 | | :-------------------------------- | :-------------- | :----------------- | :------ | :------ | :------ | | Money market fund investments | $148 | $148 | $148 | $— | $— | | Commodity derivatives (assets) | $122 | $122 | $— | $116 | $6 | | Deferred proceeds (assets) | $153 | $153 | $— | $— | $153 | | Commodity derivatives (liabilities) | $95 | $95 | $— | $84 | $11 | | Interest rate derivatives (liabilities) | $1 | $1 | $— | $1 | $— | | Long-term debt (incl. current maturities) | $8,940 | $8,462 | $— | $8,461 | $1 | IPL Fair Value of Financial Instruments (March 31, 2023, in millions) | Item | Carrying Amount | Fair Value (Total) | Level 1 | Level 2 | Level 3 | | :-------------------------------- | :-------------- | :----------------- | :------ | :------ | :------ | | Money market fund investments | $30 | $30 | $30 | $— | $— | | Commodity derivatives (assets) | $69 | $69 | $— | $63 | $6 | | Deferred proceeds (assets) | $153 | $153 | $— | $— | $153 | | Commodity derivatives (liabilities) | $34 | $34 | $— | $28 | $6 | | Long-term debt | $3,647 | $3,335 | $— | $3,335 | $— | WPL Fair Value of Financial Instruments (March 31, 2023, in millions) | Item | Carrying Amount | Fair Value (Total) | Level 1 | Level 2 | Level 3 | | :-------------------------------- | :-------------- | :----------------- | :------ | :------ | :------ | | Money market fund investments | $83 | $83 | $83 | $— | $— | | Commodity derivatives (assets) | $53 | $53 | $— | $53 | $— | | Commodity derivatives (liabilities) | $61 | $61 | $— | $56 | $5 | | Long-term debt | $3,067 | $2,939 | $— | $2,939 | $— | [Note 13. Commitments and Contingencies](index=24&type=section&id=13.%20Commitments%20and%20Contingencies) This note outlines various contractual obligations, including capital purchase commitments for construction projects, other purchase commitments for commodities, guarantees related to Whiting Petroleum and a non-utility wind farm, and environmental matters such as Manufactured Gas Plant (MGP) sites and the IPL Consent Decree Minimum Future Capital Purchase Commitments (March 31, 2023, in millions) | Entity | Commitments | | :------------- | :---------- | | Alliant Energy | $252 | | IPL | $40 | | WPL | $212 | Minimum Future Other Purchase Commitments (March 31, 2023, in millions) | Commodity | Alliant Energy | IPL | WPL | | :-------------------------------- | :------------- | :---- | :---- | | Natural gas | $1,280 | $565 | $715 | | Coal | $175 | $89 | $86 | | Other | $113 | $53 | $26 | | **Total** | **$1,568** | **$707** | **$827** | - Alliant Energy Resources, LLC guarantees partnership obligations of a Whiting Petroleum affiliate, with an estimated maximum exposure of **$58 million** for abandonment obligations[84](index=84&type=chunk)[86](index=86&type=chunk) - Alliant Energy guarantees its subsidiary's indemnification obligations for a non-utility wind farm in Oklahoma, with obligations of **$59 million** expiring in July 2047 and **$17 million** expiring in December 2031[88](index=88&type=chunk) - No material liabilities were recognized as of March 31, 2023 for the non-utility wind farm guarantees[88](index=88&type=chunk) MGP Sites Estimated Future Costs and Liabilities (March 31, 2023, in millions) | Entity | Range of Estimated Future Costs | Current and Non-current Environmental Liabilities | | :------------- | :------------------------------ | :------------------------------------------------ | | Alliant Energy | $10 - $37 | $18 | | IPL | $6 - $12 | $8 | | WPL | $4 - $25 | $10 | - IPL is required to fuel switch or retire Prairie Creek Units 1 and 3 by December 31, 2025, as part of a 2015 Consent Decree with the EPA and other parties[89](index=89&type=chunk) - The U.S. Court of Appeals for the District of Columbia Circuit vacated FERC's prior orders on MISO transmission owner return on equity, remanding the cases for further proceedings, which may impact Alliant Energy's share of ATC's future earnings[91](index=91&type=chunk)[92](index=92&type=chunk) [Note 14. Segments of Business](index=26&type=section&id=14.%20Segments%20of%20Business) This note provides financial information by business segment for Alliant Energy, IPL, and WPL, including revenues, operating income, and net income for electric, gas, other utility, and non-utility operations Alliant Energy Segment Financial Information (Q1, in millions) | Segment | 2023 Revenues | 2022 Revenues | 2023 Operating Income | 2022 Operating Income | 2023 Net Income | 2022 Net Income | | :-------------------------------- | :-------------- | :-------------- | :-------------------- | :-------------------- | :-------------- | :-------------- | | Electric Utility | $768 | $773 | $163 | $181 | | | | Gas Utility | $276 | $262 | $50 | $57 | | | | Other Utility | $11 | $11 | $4 | $3 | | | | Total Utility | $1,055 | $1,046 | $217 | $241 | $160 | $179 | | ATC Holdings, Non-Utility, Parent and Other | $22 | $22 | $5 | $7 | $3 | $13 | | **Alliant Energy Consolidated** | **$1,077** | **$1,068** | **$222** | **$248** | **$163** | **$192** | IPL Segment Financial Information (Q1, in millions) | Segment | 2023 Revenues | 2022 Revenues | 2023 Operating Income | 2022 Operating Income | 2023 Net Income | 2022 Net Income | | :-------------------------------- | :-------------- | :-------------- | :-------------------- | :-------------------- | :-------------- | :-------------- | | Electric | $388 | $400 | $66 | $75 | | | | Gas | $150 | $139 | $27 | $32 | | | | Other | $11 | $11 | $3 | $3 | | | | **Total** | **$549** | **$550** | **$96** | **$110** | **$72** | **$87** | WPL Segment Financial Information (Q1, in millions) | Segment | 2023 Revenues | 2022 Revenues | 2023 Operating Income | 2022 Operating Income | 2023 Net Income | 2022 Net Income | | :-------------------------------- | :-------------- | :-------------- | :-------------------- | :-------------------- | :-------------- | :-------------- | | Electric | $380 | $373 | $97 | $106 | | | | Gas | $126 | $123 | $23 | $25 | | | | Other | $— | $— | $1 | $— | | | | **Total** | **$506** | **$496** | **$121** | **$131** | **$88** | **$92** | [Note 15. Related Parties](index=26&type=section&id=15.%20Related%20Parties) This note describes service agreements between IPL/WPL and Corporate Services for administrative and general services, and transactions between WPL and ATC for transmission and operation/maintenance services Corporate Services Billings, Sales, and Purchases (Q1, in millions) | Item | IPL (2023) | IPL (2022) | WPL (2023) | WPL (2022) | | :-------------------------------- | :--------- | :--------- | :--------- | :--------- | | Corporate Services billings | $40 | $40 | $36 | $36 | | Sales credited | $7 | $— | $13 | $18 | | Purchases billed | $93 | $94 | $15 | $22 | Net Intercompany Payables to Corporate Services (in millions) | Entity | March 31, 2023 | December 31, 2022 | | :------------- | :--------------- | :---------------- | | IPL | $110 | $103 | | WPL | $65 | $56 | ATC Billings to/from WPL (Q1, in millions) | Item | 2023 | 2022 | | :-------------------------------- | :----- | :----- | | ATC billings to WPL | $34 | $34 | | WPL billings to ATC | $6 | $3 | [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=27&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) This chapter provides management's perspective on the financial condition and results of operations for Alliant Energy, IPL, and WPL, highlighting key developments, financial performance, and liquidity [2023 Highlights](index=27&type=section&id=2023%20HIGHLIGHTS) This section summarizes key developments in Q1 2023, including regulatory approvals for solar and battery storage projects for IPL and WPL's retail electric and gas rate review filing with the PSCW - In March 2023, the IUB granted IPL approval to construct, own, and operate up to **50 MW of solar generation** and **25 MW of battery storage** in Union County, Iowa[103](index=103&type=chunk) - In April 2023, the IUB granted IPL approval to construct, own, and operate up to **150 MW of solar generation** and **75 MW of battery storage** in Lee County, Iowa[103](index=103&type=chunk) - In April 2023, the IUB approved advance rate-making principles for up to **200 MW of solar generation** for IPL, with a cost target of **$1,575/kilowatt**[103](index=103&type=chunk) - In April 2023, WPL filed a retail electric and gas rate review with the PSCW, requesting annual rate increases of **$111 million for electric** and **$17 million for gas in 2024**, and an additional **$71 million for electric in 2025**[100](index=100&type=chunk) [Results of Operations](index=27&type=section&id=RESULTS%20OF%20OPERATIONS) This section analyzes the financial performance for the three months ended March 31, 2023, focusing on net income, EPS, utility electric and gas margins, and variances in operating expenses and other income/deductions - Alliant Energy's Utilities and Corporate Services net income decreased by **$20 million**, primarily due to lower retail electric and gas sales from warmer temperatures and higher interest expense, partially offset by higher electric revenues from WPL's capital investments[106](index=106&type=chunk) - Alliant Energy's Non-utility and Parent net income decreased by **$10 million**, primarily due to higher interest expense[107](index=107&type=chunk) Alliant Energy Consolidated Financial Results Overview (Q1, in millions, except EPS) | Segment | 2023 Income (Loss) | 2023 EPS | 2022 Income | 2022 EPS | | :-------------------------------- | :----------------- | :------- | :---------- | :------- | | Utilities and Corporate Services | $163 | $0.65 | $183 | $0.73 | | ATC Holdings | $9 | $0.04 | $8 | $0.03 | | Non-utility and Parent | ($9) | ($0.04) | $1 | $0.01 | | **Alliant Energy Consolidated** | **$163** | **$0.65** | **$192** | **$0.77** | Operating Income and Utility Margins (Q1, in millions) | Metric | Alliant Energy (2023) | Alliant Energy (2022) | IPL (2023) | IPL (2022) | WPL (2023) | WPL (2022) | | :-------------------------------- | :-------------------- | :-------------------- | :--------- | :--------- | :--------- | :--------- | | Operating income | $222 | $248 | $96 | $110 | $121 | $131 | | Utility Electric Margin (non-GAAP) | $465 | $467 | $237 | $236 | $229 | $231 | | Utility Gas Margin (non-GAAP) | $95 | $94 | $55 | $54 | $40 | $40 | Operating Income Variances (Q1 2023 vs 2022, in millions) | Item | Alliant Energy | IPL | WPL | | :-------------------------------- | :------------- | :---- | :---- | | Total higher (lower) utility electric margin variance | ($2) | $1 | ($2) | | Total higher utility gas margin variance | $1 | $1 | $— | | Total higher other operation and maintenance expenses variance | ($21) | ($12) | ($8) | | Total (higher) lower depreciation and amortization expense | $— | ($2) | $2 | | Other | ($4) | ($2) | ($2) | | **Total Variance** | **($26)** | **($14)** | **($10)** | - Alliant Energy's retail electric and gas sales volumes decreased by **3%** and **15%** respectively for Q1 2023 compared to Q1 2022, primarily due to changes in temperatures (warmer than normal)[108](index=108&type=chunk) Estimated Temperature Impacts on Margins (Q1, in millions) | Entity | Electric Margins (2023) | Electric Margins (2022) | Electric Margins Change | Gas Margins (2023) | Gas Margins (2022) | Gas Margins Change | | :------------- | :---------------------- | :---------------------- | :---------------------- | :----------------- | :----------------- | :----------------- | | IPL | ($4) | $5 | ($9) | ($3) | $3 | ($6) | | WPL | ($5) | $2 | ($7) | ($3) | $1 | ($4) | | **Total Alliant Energy** | **($9)** | **$7** | **($16)** | **($6)** | **$4** | **($10)** | Utility Electric Margin Variances (Q1 2023 vs 2022, in millions) | Item | Alliant Energy | IPL | WPL | | :-------------------------------- | :------------- | :---- | :---- | | Estimated changes in sales volumes caused by temperatures | ($16) | ($9) | ($7) | | Higher revenues at IPL due to changes in the renewable energy rider | $7 | $7 | $— | | Other | $7 | $3 | $5 | | **Total Variance** | **($2)** | **$1** | **($2)** | Utility Gas Margin Variances (Q1 2023 vs 2022, in millions) | Item | Alliant Energy | IPL | WPL | | :-------------------------------- | :------------- | :---- | :---- | | Higher revenues at IPL related to changes in recovery amounts for energy efficiency costs | $6 | $6 | $— | | Higher revenue requirements at WPL | $4 | $— | $4 | | Estimated changes in sales volumes caused by temperatures | ($10) | ($6) | ($4) | | Other | $1 | $1 | $— | | **Total Variance** | **$1** | **$1** | **$—** | Other Operation and Maintenance Expenses Variances (Q1 2023 vs 2022, in millions) | Item | Alliant Energy | IPL | WPL | | :-------------------------------- | :------------- | :---- | :---- | | Higher energy efficiency expense at IPL | ($6) | ($6) | $— | | Higher generation operation and maintenance expenses | ($5) | $2 | ($7) | | Other | ($10) | ($8) | ($1) | | **Total Variance** | **($21)** | **($12)** | **($8)** | Other Income and Deductions Variances (Q1 2023 vs 2022, in millions) | Item | Alliant Energy | IPL | WPL | | :-------------------------------- | :------------- | :---- | :---- | | Higher interest expense | ($20) | $— | ($9) | | Higher AFUDC | $8 | $— | $7 | | Other | ($1) | ($1) | ($1) | | **Total Variance** | **($13)** | **($1)** | **($3)** | [Liquidity and Capital Resources](index=30&type=section&id=LIQUIDITY%20AND%20CAPITAL%20RESOURCES) This section discusses the company's liquidity position, capital structure, and cash flow activities from operating, investing, and financing perspectives, highlighting key changes and initiatives in Q1 2023 - As of March 31, 2023, Alliant Energy had **$157 million** in cash and cash equivalents, **$940 million** in available capacity under its single revolving credit facility, and IPL had **$21 million** in available capacity under its sales of accounts receivable program[114](index=114&type=chunk) Cash Flows from Operating Activities Variances (Q1 2023 vs 2022, in millions) | Item | Alliant Energy | IPL | WPL | | :-------------------------------- | :------------- | :---- | :---- | | Changes in interest payments | ($31) | $— | ($17) | | Decreased collections from retail customers caused by temperature impacts | ($26) | ($15) | ($11) | | Changes in the sales of accounts receivable at IPL | ($13) | ($13) | $— | | Timing of intercompany payments and receipts | $— | ($5) | $14 | | Other (primarily due to other changes in working capital) | $7 | ($32) | $32 | | **Total Variance** | **($63)** | **($65)** | **$18** | Cash Flows from Investing Activities Variances (Q1 2023 vs 2022, in millions) | Item | Alliant Energy | IPL | WPL | | :-------------------------------- | :------------- | :---- | :---- | | Higher utility construction and acquisition expenditures | ($110) | ($5) | ($104) | | Changes in the amount of cash receipts on sold receivables | $58 | $58 | $— | | Proceeds from sale of partial ownership interest in West Riverside | $25 | $— | $25 | | Other | ($13) | ($1) | $1 | | **Total Variance** | **($40)** | **$52** | **($78)** | - WPL expects estimated construction costs for its **414 MW new solar generation** to exceed amounts approved by the PSCW by approximately **10-14%** due to higher commodity, labor, and other site-specific costs[116](index=116&type=chunk) Cash Flows from Financing Activities Variances (Q1 2023 vs 2022, in millions) | Item | Alliant Energy | IPL | WPL | | :-------------------------------- | :------------- | :---- | :---- | | Lower payments to retire long-term debt | $300 | $— | $— | | Higher net proceeds from issuance of long-term debt | $212 | $— | $297 | | Net changes in the amount of commercial paper and other short-term borrowings outstanding | ($293) | $— | ($151) | | Other | ($10) | $5 | ($7) | | **Total Variance** | **$209** | **$5** | **$139** | - WPL received authorization from the PSCW to have up to **$500 million** of short-term borrowings and/or letters of credit outstanding[117](index=117&type=chunk) - Alliant Energy's interest rate risk from variable-rate borrowings was mitigated by the issuance of convertible senior notes and an interest rate swap[121](index=121&type=chunk) - A hypothetical **100 basis point increase** in interest rates would increase annual pre-tax expense by approximately **$3 million**[121](index=121&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=32&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) This chapter states that there have been no material changes to the quantitative and qualitative disclosures about market risk since the 2022 Form 10-K - Quantitative and Qualitative Disclosures About Market Risk have not changed materially from the 2022 Form 10-K[123](index=123&type=chunk) [Controls and Procedures](index=32&type=section&id=Item%204.%20Controls%20and%20Procedures) Management, including the CEO and CFO, concluded that Alliant Energy's, IPL's, and WPL's disclosure controls and procedures were effective as of March 31, 2023, and there were no material changes in internal control over financial reporting during the quarter - Alliant Energy's, IPL's, and WPL's disclosure controls and procedures were evaluated and concluded to be effective as of March 31, 2023[124](index=124&type=chunk) - There was no material change in internal control over financial reporting during the quarter ended March 31, 2023[125](index=125&type=chunk) [Part II. Other Information](index=28&type=section&id=Part%20II.%20Other%20Information) This section provides additional information not covered in Part I, including legal proceedings, risk factors, unregistered sales of equity securities, and a list of exhibits [Legal Proceedings](index=32&type=section&id=Item%201.%20Legal%20Proceedings) This chapter reports no legal proceedings requiring disclosure under SEC regulations, specifically no environmental matters exceeding the $1 million threshold - No legal proceedings are required to be disclosed under SEC regulations[127](index=127&type=chunk) - No environmental matters to disclose for the period, based on a **$1 million** disclosure threshold[127](index=127&type=chunk) [Risk Factors](index=33&type=section&id=Item%201A.%20Risk%20Factors) This chapter states that the risk factors described in the 2022 Form 10-K have not materially changed - The risk factors described in Item 1A in the 2022 Form 10-K have not changed materially[128](index=128&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=33&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) This chapter summarizes Alliant Energy's common stock repurchases for the quarter ended March 31, 2023, noting that shares were purchased on the open market and held in a rabbi trust for the Deferred Compensation Plan Alliant Energy Common Stock Repurchases (Q1 2023) | Period | Total Number of Shares Purchased | Average Price Paid Per Share | | :-------------------------------- | :----------------------------- | :--------------------------- | | January 1 through January 31 | 4,786 | $55.44 | | February 1 through February 28 | 3,382 | $53.44 | | March 1 through March 31 | 643 | $52.11 | | **Total** | **8,811** | **$54.43** | - All shares repurchased were on the open market and held in a rabbi trust under the Alliant Energy Deferred Compensation Plan, which has no limit on shares or expiration date[129](index=129&type=chunk) [Exhibits](index=33&type=section&id=Item%206.%20Exhibits) This chapter lists the exhibits filed with or incorporated by reference into the Form 10-Q, including amendments to credit agreements, indentures, certifications, and XBRL documents - Exhibits include the First Amendment to Amended and Restated Five-Year Master Credit Agreement, Indenture for Convertible Senior Notes, Officers' Certificate for WPL's Debentures, CEO/CFO Certifications, and various Inline XBRL documents[130](index=130&type=chunk) [Signatures](index=34&type=section&id=SIGNATURES) The report was signed on May 5, 2023, by Benjamin M. Bilitz, Chief Accounting Officer and Controller, on behalf of Alliant Energy Corporation, Interstate Power and Light Company, and Wisconsin Power and Light Company - The report was signed on May 5, 2023, by Benjamin M. Bilitz, Chief Accounting Officer and Controller, on behalf of Alliant Energy Corporation, Interstate Power and Light Company, and Wisconsin Power and Light Company[132](index=132&type=chunk)[133](index=133&type=chunk)
Alliant Energy(LNT) - 2022 Q4 - Earnings Call Transcript
2023-02-24 22:52
Alliant Energy Corporation (NASDAQ:LNT) Q4 2022 Earnings Conference Call February 24, 2023 10:00 AM ET Company Participants Susan Gille - IR Manager John Larsen - Chair, President and CEO Robert Durian - EVP and CFO Conference Call Participants Shahriar Pourreza - Guggenheim Partners Julien Dumoulin-Smith - Bank of America Nicholas Campanella - Credit Suisse Andrew Weisel - Scotiabank Alexander Mortimer - Mizuho Ashar Khan - Verition Operator Good morning, and welcome to Alliant Energy's Conference Call for ...
Alliant Energy(LNT) - 2022 Q4 - Annual Report
2023-02-24 21:03
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Name of Registrant, State of Incorporation, Address of Principal Executive Offices, Telephone Number, Commission File Number, IRS Employer Identification ...
Alliant Energy(LNT) - 2022 Q4 - Earnings Call Presentation
2023-02-24 15:52
Cautionary Statements Non-GAAP Financial Measures 2022 Accomplishments Dividend growth for the 20th consecutive year Advancing development of 1.5 GW of solar investments; Placed 250 MW of solar investments in service in 2022 On Forbes list of America's Best Midsize Employers for 4th consecutive year Consistent earnings growth Consistently achieving 5-7% earnings and dividends growth | --- | --- | --- | --- | --- | |--------------------------------------------------------------------------------------------- ...
Alliant Energy(LNT) - 2022 Q3 - Earnings Call Presentation
2022-11-18 10:28
Alliant Energy Corporation 2022 Third Quarter Earnings Call November 8, 2022 Cautionary Statements Forward-looking Statements The information regarding forecasted earnings per share, forecasted generation additions, forecasted effective income tax rates, capital expenditure plans, financing plans and regulatory plans contain forward-looking statements. Actual results could differ materially because the realization of those results is subject to many uncertainties, including: the state of the economy in the ...
Alliant Energy(LNT) - 2022 Q3 - Quarterly Report
2022-11-08 22:04
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Name of Registrant, State of Incorporation, Address of Principal Executive Offices, Telephone Number, Commission File Number, IRS Employer Ident ...
Alliant Energy(LNT) - 2022 Q3 - Earnings Call Transcript
2022-11-08 18:42
Alliant Energy Corporation (NASDAQ:LNT) Q3 2022 Earnings Conference Call November 8, 2022 10:00 AM ET Company Participants Susan Gille - IR Manager John Larsen - Chair, President and CEO Robert Durian - EVP and CFO Conference Call Participants Dariusz Lozny - Bank of America Michael Sullivan - Wolfe Research Nick Campanella - Credit Suisse Ashar Khan - Verition Operator Thank you for holding, ladies and gentlemen, and welcome to Alliant Energy's Third Quarter 2022 Earnings Conference Call. At this time, all ...
Alliant Energy(LNT) - 2022 Q2 - Earnings Call Presentation
2022-08-05 18:41
Alliant Energy Corporation 2022 Second Quarter Earnings Call August 5, 2022 Cautionary Statements Forward-looking Statements The information regarding forecasted earnings per share, new generation plans, and regulatory plans contain forward-looking statements. Actual results could differ materially because the realization of those results is subject to many uncertainties, including: the state of the economy in the service territories of IPL and WPL; state and federal legislation and regulatory actions; weat ...
Alliant Energy(LNT) - 2022 Q2 - Earnings Call Transcript
2022-08-05 18:38
Alliant Energy Corporation (NASDAQ:LNT) Q2 2022 Earnings Conference Call August 5, 2022 10:00 AM ET Company Participants Zach Fields – Investor Relations John Larsen – Chair, President and Chief Executive Officer Robert Durian – Executive Vice President and Chief Financial Officer Conference Call Participants Michael Sullivan – Wolfe Research Andrew Weisel – Scotiabank Operator Good morning, and welcome to Alliant Energy’s Conference Call for Second Quarter 2022 Results. This call is being recorded for rebr ...