Alliant Energy Rides on Renewable Expansion & Strategic Investments

Core Viewpoint - Alliant Energy Corporation (LNT) is enhancing its infrastructure and transitioning to cleaner energy sources, which is expected to provide earnings visibility through regulated assets [1][3]. Group 1: Company Initiatives and Growth - The company is focusing on strengthening its electric and gas distribution network and plans to invest $11.5 billion from 2025 to 2028, targeting an 11% compound annual growth rate (CAGR) for its rate base during this period [3][8]. - Over 40% of the planned capital expenditure will be allocated to wind, solar, and energy storage projects, reflecting a commitment to renewable energy [3][8]. - Alliant Energy is successfully completing major construction projects on time and within budget, supported by a favorable regulatory environment that allows for capital recovery [4]. Group 2: Market Demand and Performance - Economic development in Alliant Energy's service areas and a growing customer base are driving demand for utility services, with the company targeting long-term annual earnings growth of 5-7% [2]. - In the past three months, LNT shares have increased by 5.1%, outperforming the industry average decline of 1.3% [7][8]. Group 3: Challenges and Risks - The company's utility operations rely on an interstate electric transmission system that it does not own, which may limit its ability to transport power effectively [5]. - Increased competition from self-generation by large industrial customers and alternative energy sources could reduce demand for Alliant Energy's services in its operating regions [6].