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Alliant Energy to add more wind energy in Iowa

Customers and communities to benefit from clean, affordable energy

Alliant Energy’s Iowa energy company received approval to increase its wind expansion program from the Iowa Utilities Board. By 2020, the company now plans to add 1,000 megawatts of new wind energy in Iowa – enough clean energy to power 430,000 Iowa homes.

In Iowa, the company plans to have invested $1.8 billion in cost-competitive renewable energy by the end of 2020. The new wind farms will create hundreds of construction and other jobs while generating tens of millions of dollars in additional property taxes to communities and payments to landowners.

“Our wind energy initiatives help keep rates competitive, enhance our environmental stewardship and drive economic growth in our communities,” said Doug Kopp, president of Alliant Energy’s Iowa energy company. “Wind energy is a major part of our transition to a clean energy future.”

This spring, crews began construction on the first of several wind farms, starting with Upland Prairie Wind Farm, located in Clay and Dickinson counties in northwest Iowa. Later this year, construction is expected to start at English Farms Wind Farm, located in Poweshiek County in central Iowa.

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Whispering Willow Wind Farm – Franklin County, Iowa

Through this expansion, combined with existing wind farms and market purchases, the company expects wind to be approximately one-third of its Iowa total capacity by the end of 2020.

Alliant Energy’s Iowa energy company (Interstate Power and Light) filed an application for advance ratemaking principles on August 3, 2017 (RPU-2017-0002). The company continues to review the written decision order from the IUB.

 

Iowa Utilities Board order terms:

  • The ratemaking principles apply to any new wind facility constructed as part of IPL’s New Wind Project that qualifies for 100% of the federal Production Tax Credits, regardless of its location in Iowa, up to 500 megawatts.
  • Cost cap: $1,780/kilowatt, including allowance for funds used during construction (AFUDC) and transmission costs
  • Return on common equity: 11%, with the exception of certain transmission facilities classified as intangible assets, which shall earn the rate of return on equity authorized by the Iowa Utilities Board in a future rate case
  • Return on common equity used in calculating the AFUDC rate to be 9.6%
  • Depreciable life of 40 years, unless changed as a result of a contested case before the Iowa Utilities Board
  • Alliant Energy’s Iowa customers shall be entitled to the full value of any environmental attributes, beyond those needed for compliance with applicable regulatory requirements, associated with investment included in IPL’s Iowa jurisdictional rate base
  • Alliant Energy is permitted to include in Iowa rates the actual cost of the wind project up to the cost cap without need to establish prudence, but required to establish the prudence of any cost in excess of the cost cap
  • Cancellation costs: recovery of prudently incurred and unreimbursed costs, if applicable, amortized over 10 years

 About Alliant Energy Alliant Energy Corporation’s Iowa utility subsidiary, Interstate Power and Light Company (IPL), utilizes the trade name of Alliant Energy. The Iowa utility is based in Cedar Rapids, Iowa, and provides electric service to 490,000 retail customers and natural gas service to 220,000 retail customers. The employees of Alliant Energy focus on delivering the energy solutions and exceptional service their customers and communities expect – safely, efficiently and responsibly. Alliant Energy Corporation is traded on the New York Stock Exchange under the symbol LNT and is a component of the S&P 500. For more information, visit alliantenergy.com.

This press release includes forward-looking statements. These forward-looking statements can be identified because they describe future wind generation construction plans and costs and include words such as “plan” and “expect.” Such statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those currently anticipated. Actual results could be affected by such factors as: the inability to obtain all necessary permits; unanticipated construction issues, delays or expenditures; failure of equipment and technology to perform as expected; current or future litigation, regulatory investigations, proceedings or inquiries that could impede the implementation of Alliant Energy’s plans; political conditions in Alliant Energy’s service territories; changes to Alliant Energy’s access to capital markets; and economic conditions in Alliant Energy’s service territory. These factors should be considered when evaluating the forward-looking statements and undue reliance should not be placed on such statements. The forward-looking statements included herein are made as of the date hereof and Alliant Energy and Interstate Power and Light Company undertake no obligation to update publicly such statements to reflect subsequent events or circumstances.

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Alliant Energy to deliver federal tax savings to Iowa customers

Alliant Energy’s Iowa customers will see savings this summer and into the future through lower federal taxes. As a result, customers will see lower costs for energy in Iowa.

For customers of Alliant Energy’s Iowa energy company, the annual savings is expected to be nearly $75 million, including tax-related savings from Alliant Energy’s transmission providers.

“These tax savings are great for our Iowa customers and the new, lower corporate tax rate will benefit our families, businesses and communities today and in the future,” said Doug Kopp, President of Alliant Energy’s Iowa energy company. “In the last six years, we’ve delivered about $500 million in other separate tax-related savings to customers, reducing energy costs.”

Savings

  • For typical residential electric customers, tax reform will result in an annual savings of $50-$60.
  • For typical residential natural gas customers, tax reform will result in an annual savings of nearly $30.

Timeline

In March, Alliant Energy submitted an updated filing to the Iowa Utilities Board outlining savings for Iowa customers. If approved by the Utilities Board, electric and natural gas customers will see savings this summer.

About Alliant Energy Alliant Energy Corporation’s Iowa utility subsidiary, Interstate Power and Light Company (IPL), utilizes the trade name of Alliant Energy. The Iowa utility is based in Cedar Rapids, Iowa, and provides electric service to 490,000 retail customers and natural gas service to 220,000 retail customers. The employees of Alliant Energy focus on delivering the energy solutions and exceptional service their customers and communities expect – safely, efficiently and responsibly. Alliant Energy Corporation is traded on the New York Stock Exchange under the symbol LNT and is a component of the S&P 500. For more information, visit alliantenergy.com.

This press release includes forward-looking statements. These forward-looking statements can be identified because they describe future tax savings and include the word “expected.” Such statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those currently anticipated, including state regulatory actions which could alter the proposed plans and federal tax regulatory actions. These factors should be considered when evaluating the forward-looking statements and undue reliance should not be placed on such statements. The forward-looking statements included herein are made as of the date hereof and Alliant Energy and Interstate Power and Light Company undertake no obligation to update publicly such statements to reflect subsequent events or circumstances.

Alliant Energy’s community investment totals $7.3 million in 2017

Communities, nonprofit organizations and students benefited from $7.3 million and 88,000 volunteer hours from Alliant Energy in 2017. Iowa and Wisconsin customers were supported with resources from the company, its foundation, employees and retirees.

“Every day, our company and the Alliant Energy family put money and time into local efforts to help our communities thrive and to support our customers and neighbors in need,” said Patricia Kampling, Alliant Energy’s Chairman and CEO. “I am extremely proud of the positive impact our people make to improve the quality of life in the places we serve.”

Employee and retiree giving to nonprofit organizations takes many forms:

  • VolunteeringNonprofit organizations received $115,900 in grants as a result of employees and retirees volunteering more than 88,000 hours.
  • Matching gifts – $494,226 went to higher education institutions, community foundations, food banks, food pantries, homeless shelters and a variety of other nonprofits through the foundation matching employee and retiree donations.
  • United Way campaigns – The company, employees and retirees pledged more than $1.2 million to 60 United Way agencies across Iowa and Wisconsin. The funding goes to groups focusing on education, financial stability and health – the building blocks for a good quality of life and strong communities.

Other 2017 giving highlights include:

  • Hometown Care program – Company contributions totaling $2 million that help Iowa and Wisconsin low-income customers with their energy bills.
  • Second Harvest and Feeding America Food BanksFunding for food pantries, including $475,000 raised through the company’s annual Drive Out Hunger event.
  • Education support – Invested $556,000 in education programs, including $193,000 in science, technology, engineering and math (STEM) initiatives such as the Iowa Governor’s STEM Advisory Council and the Wisconsin Science Festival.
  • Foundation grants – 266 grants to organizations focusing their programs on helping families, education and the environment. This included $460,000 in Wisconsin and $420,000 in Iowa.

Gas safety, excavation surveys starting

The Dieringer Research Group will be calling customers on behalf of Alliant Energy to gather information on the topic of natural gas and excavation safety. They will stress at the beginning of the call that they will not be asking questions about your utility bill or requesting money.

We are interviewing individuals who live or work next to an Alliant Energy natural gas pipeline.  If you would give us a few minutes to answer some questions, your opinions will help improve communications about natural gas safety for your community.

Timing for the surveys is:

Public/Emergency Officials interviewing starts March 8 or 9
Affected public interviewing starts March 12
Excavator interviewing starts March 14
All interviewing done April 24

Con artists are trying to scam customers

SCAM ALERT: Energy providers across the Midwest continue to get reports that con artists are trying to scam customers. The scammers claim to be from Alliant Energy and they threaten to disconnect utility service if the customer doesn’t immediately buy a prepaid credit card to make a payment.

Alliant Energy does not request immediate payment or prepaid credit cards. We do not threaten to disconnect service via text message. We recently began offering account alerts by text as an optional service. Customers must sign-up to receive them. They are informational only, providing reminders of when the bill is due.

If you receive a call like this:

STOP: Scammers are counting on people being too alarmed to verify their account status. Do not give in to high-pressure call tactics! Stop the conversation. Hang up the phone.

THINK: Chances are you do not owe the amount the scammers claim. You know your account status best. Think about whether the scammer’s claim about your account sounds true.

CALL: Call us to verify your actual account status. If you have a remaining balance, we can tell you the amount and when it is due. Let us put your mind at ease. You can reach us at 1-800-ALLIANT. You can also monitor your account online by visiting alliantenergy.com/myaccount or through Alliant Energy’s new Mobile App. Text ‘APP’ to 255255 and download now, or visit the Apple Store or Google Play.

Beware that scammers can spoof caller-ID displays, which means they can mask the call’s true origin and make it appear as if it the call is coming from a utility company.

Customers should report attempted scam contacts to local law enforcement.

Stay safe at home; keep meters clear of snow and ice

Parts of our service area have seen heavy snowfalls in the past week.Clearing snow gas meter

It’s vital for your safety to keep your meters and vents clear of snow and ice.

Vents for natural gas appliances must be cleared following a major snow or ice storm to enable proper venting and prevent carbon monoxide accumulation.

To take proper care of your appliances  and equipment, use a broom to keep natural gas service equipment clear during the winter. Kicking or using a shovel could damage the equipment.

A qualified professional should check your gas appliances annually. Inspections keep gas appliances safe and efficient, and reduce risks of carbon monoxide poisoning.

Alliant Energy crews recognized for recovery work after Hurricane Irma

Alliant Energy employees are getting recognition for travelling to Florida to help the millions of people affected by Hurricane Irma last year.

Today, the Edison Electric Institute (EEI) presented us with an Emergency Assistance Award for outstanding effort to help people affected by the disaster.

“This award recognizes the sacrifice that all of our employees made to help out. Whether it was spending a week away from family down in Florida or working extra hours to support our own system and customers, our employees are amazing,” said Doug Kopp, Senior Vice President of Operations. “Back home, our customers see this dedication every day.”

The award is presented to EEI member companies to recognize an outstanding response in assisting other electric companies in power restoration efforts after service has been disrupted by severe weather conditions or other natural events. The winners were chosen by a panel of judges following an international nomination process.

“When disaster impacts a region, electric companies from across the nation are called on to assist impacted companies in need – mutual assistance is a hallmark of our industry,” said EEI President Tom Kuhn. “When Hurricane Irma struck, Alliant Energy answered the call to help. Alliant Energy’s assistance to restore service to impacted customers is a terrific example of mutual assistance in action.”

Alliant Energy’s response, by the numbers:

  • 218 employees travelled to Florida
  • 366,000 miles driven