Category Archives: Uncategorized

Alliant Energy reducing carbon emissions 80% and eliminating coal by 2050

Alliant Energy CSRWe released our Corporate Sustainability Report (CSR) today and have announced our goal to cut carbon emissions 80% and eliminate all existing coal from our energy mix by 2050. The CSR can be accessed at alliantenergy.com/sustainability.

“Alliant Energy is acting today to create a better tomorrow for our customers and communities,” said Alliant Energy Chairman and CEO Patricia Kampling. “We are transforming our energy fleet with an eye on customer cost, carbon reduction and providing cleaner and reliable power to the communities we serve.”

Our plans are to spend more than $2 billion on new renewables, which will double the number of our wind sites from six to 12. Through this new construction and additional purchase agreements, we will have more than 2,700 megawatts of wind power by 2021. Renewables will be over 30% of our energy mix by 2030.

These actions will enable us to exceed carbon reduction goals pledged originally by the U.S. under the voluntary United Nations Paris Accord. While the Accord calls for reducing carbon 32 percent below 2005 levels by 2030, our plans enable a 40% reduction by that time.

Other highlights detailed in the CSR include:

  • Accomplishing gender parity on the Board of Directors with 50 percent of members being women.
  • Over $2.3 billion planned capital expenditures to build smarter and more resilient energy infrastructure in the next five years.
  • Fossil fuel generation water withdrawals reduced by 40 percent since 2005 with plans targeting a reduction of 75 percent by 2030.
  • Closure of all coal ash ponds by the end of 2023.
  • Dubuque solar garden is the first Envision® Platinum-rated solar project in the nation.
  • Rebates to 155 residential and 33 commercial customers for electric vehicle charging stations and non-road electrification uses, such as forklifts.
  • Community investment of $7.3 million and 93,000 volunteer hours in 2017, including $2 million for electric and heating bill assistance to families in need.

Customers win in freeze of Alliant Energy Wisconsin rates

Our Wisconsin customers will see no increase to base electric and natural gas rates through 2020 under a verbal decision by the Public Service Commission of Wisconsin (PSC).

The decision keeps base rates at 2017 levels while bringing the Riverside Energy Center, a new highly efficient natural gas generation facility, online in 2019. Reductions in operating costs, the addition of low-cost wind energy and savings from the 2017 Tax Cuts and Jobs Act helped enable the freeze.

We reached agreement on the proposal with significant input and collaboration from several advocacy groups including the Citizens Utility Board and Wisconsin Industrial Energy Group.

The plan will be in effect 2019-2020, with no fuel-cost increase expected in 2019. We have held base electric and natural gas rates flat in six of the past eight years. Our retail electric rates are among the lowest in Wisconsin.

The written order is expected in the next several weeks.

NextEra Energy Resources and Alliant Energy agree to shorten the term of the Duane Arnold Energy Center power purchase agreement; Alliant Energy customers to save hundreds of millions of dollars

  • The term of the Duane Arnold Energy Center power purchase agreement will be shortened and the plant is expected to be retired in late 2020, followed by a multi-year decommissioning process
  • Duane Arnold Energy Center job reductions will be gradual over seven years; NextEra Energy Resources is committed to a comprehensive plan to minimize impacts to employees
  • Alliant Energy customers will save nearly $300 million in energy costs, on a net present value basis, over 21 years
  • Companies enter into agreements for Alliant Energy to purchase output from four of NextEra Energy Resources’ existing wind projects
  • NextEra Energy Resources plans to invest approximately $650 million in existing and new renewables generation across Iowa before the end of 2020

 

NextEra Energy Resources, LLC through its affiliates (NextEra Energy Resources) and Alliant Energy’s Iowa energy company have agreed to shorten the term of their existing power purchase agreement (PPA) for the output from the Duane Arnold Energy Center (DAEC) by five years in exchange for a buyout payment. The companies’ new agreements also include new repowered wind PPAs. These transactions will save Alliant Energy’s Iowa customers nearly $300 million in energy costs, on a net present value basis, over 21 years. Assuming all requisite approvals are received, the DAEC is expected to cease commercial operations in late 2020.

“The Duane Arnold Energy Center has provided reliable energy to Alliant Energy’s Iowa customers for decades,” said Patricia Kampling, chairman and CEO of Alliant Energy. “Partially replacing energy from Duane Arnold with NextEra’s additional wind investments in Iowa will bring significant economic benefits to our customers.”

“The eventual closing of the Duane Arnold Energy Center is a difficult decision because of the approximately 500 highly skilled men and women who consistently have made it one of the top-performing nuclear facilities in the country,” said Armando Pimentel, president and CEO of NextEra Energy Resources. “You have our assurance that we will continue to practice our corporate values of doing the right thing by our colleagues and treating them with the respect they have earned and deserve. We are committed to minimizing any impact today’s announcement may have on them, their families and the community they call home. Importantly, as we proceed into the next decade, several hundred jobs will remain at the plant for a number of years as a result of what will be a lengthy decommissioning process, along with the creation of new jobs through our continued investment in Iowa.”

Alliant Energy has agreed to make a $110 million buyout payment to NextEra Energy Resources in September 2020 to cover the cost to shorten the term of the DAEC PPA from 2025 to 2020. Alliant Energy intends to apply to the Iowa Utilities Board today (July 27) for approval regarding recovery of the buyout payment. Alliant Energy’s Iowa customers are expected to save nearly $300 million, on a net present value basis, starting on or before Jan. 1, 2021, contingent on the Iowa Utilities Board’s approval of Alliant Energy’s request. The savings estimate includes the cost of the amendment payment and the costs for replacing energy and capacity.

Under the agreements, NextEra Energy Resources will supply wind energy from four repowered Iowa wind facilities, representing approximately 340 megawatts of clean, emissions-free electricity for Alliant Energy’s Iowa customers.

Continuing its commitment to the state of Iowa, NextEra Energy Resources plans to invest approximately $650 million in existing and new renewables generation across the state by the end of 2020, including the planned approximately $250 million to repower the four wind facilities as part of these transactions. Repowering these facilities is expected to create 200 new construction jobs during the process, as well as extend payments to landowners and tax revenues for local communities for decades. NextEra Energy Resources also is evaluating redevelopment opportunities at the DAEC site, including the construction of new solar energy, battery storage or natural gas facilities.

NextEra Energy Resources expects a gradual reduction in staffing at the DAEC over the next seven years as the decommissioning process takes place. To support DAEC employees during the transition, NextEra Energy Resources has developed a comprehensive employee plan that includes an enhanced retirement program for eligible employees, placement in other jobs throughout the company, and job retraining, outplacement services and severance packages, where applicable. NextEra Energy Resources also is partnering with Alliant Energy and other companies in the energy industry to identify opportunities for DAEC employees.

At the appropriate time, the Midcontinent Independent System Operator and the Nuclear Regulatory Commission will be notified of the intent to permanently cease operations and decommission the DAEC.

 

 

 

 

Alliant Energy recognized by Nasdaq for sustainability leadership

Nasdaq CRD Global Sustainability Index LogoWe were recently recognized for our sustainability efforts by a major stock exchange. Our company and our stock were selected by Nasdaq to be added to their Global CRD Sustainability Index.

The Index tracks the performance of companies taking a leadership role in sustainability reporting. We’re one of 400 public companies to be included out of more than 4,000 that were evaluated.

We’re proud to be among the chosen businesses that have voluntarily disclosed their sustainability strategy and governance, environmental footprint and emissions reductions, social metrics and community investments.

Want to learn more about our sustainability story and performance? Stay tuned as we’ll be releasing our 2018 Corporate Sustainability Report in early August.

 

Alliant Energy activates cycling program in response to today’s heat

Alliant Energy’s Iowa energy company is taking proactive steps to reduce costs for customers due to today’s heat in central Iowa.

Energy prices can peak during intensely hot days like today. To reduce costs, we are activating our voluntary Appliance Cycling program in Iowa. Today we are only cycling customers in the central portion of the state.

We will remotely control air conditioners and electric water heaters for participating customers.

Participants will see their air conditioner cycled in 15-minute intervals from 1 p.m. to 7 p.m. The blower fan will continue to circulate the cooler air already in the home.

The program reduces peak energy use on the overall energy grid, which lowers costs for customers.

Program details:

Who does this affect – This is a voluntary program for Alliant Energy’s Iowa residential customers. Today, only customers north of Interstate 80 and south of Highway 20 are included in the cycling.

When does this start and stop – The cycling goes from 1 p.m. to 7 p.m., July, 12 2018.

How do customers save money – Our program syncs air conditioners across the state to reduce the number running at any one time. In industry terms, this reduces peak demand, and reduces the need to purchase higher-priced energy because of high demand.

Residential customers who have enrolled their central air conditioning unit get a credit on their bill of $8 per month from June through September – even if it doesn’t get warm enough to cycle appliances. Residential customers who have enrolled their electric water heater get a $2 per month credit during the same time.

Learn more at alliantenergy.com/appliancecycling.

 

Alliant Energy activates cycling program in response to today’s heat

CEDAR RAPIDS, Iowa – June 29, 2018 – Alliant Energy’s Iowa energy company is taking proactive steps to reduce costs for customers due to today’s heat.

Energy prices can peak during intensely hot days like today. To reduce costs, we are activating our voluntary Appliance Cycling program in Iowa.

We will remotely control air conditioners and electric water heaters for all participating customers in Iowa.

Participants will see their air conditioner cycled in 15-minute intervals from 1 p.m. to 7 p.m. The blower fan will continue to circulate the cooler air already in the home.

The program reduces peak energy use on the overall energy grid, which lowers costs for customers. This is the first time we’ve activated the program since July 21, 2017.

Program details:

Who does this affect – This is a voluntary program for Alliant Energy’s Iowa residential customers.

When does this start and stop – The cycling goes from 1 p.m. to 7 p.m., June 29, 2018.

How do customers save money – Our program syncs air conditioners across the state to reduce the number running at any one time. In industry terms, this reduces peak demand, and reduces the need to purchase higher-priced energy because of high demand.

Residential customers who have enrolled their central air conditioning unit get a credit on their bill of $8 per month from June through September – even if it doesn’t get warm enough to cycle appliances. Residential customers who have enrolled their electric water heater get a $2 per month credit during the same time.

Learn more at alliantenergy.com/appliancecycling.

Rate freeze for Alliant Energy’s Wisconsin customers

Our Wisconsin customers will see no increase to base electric and natural gas rates through 2020 under a proposal we filed today with the Public Service Commission of Wisconsin (PSCW). Customer rates will drop for the remainder of 2018 due to bill credits following a separate PSCW decision issued today.

“The rate freeze is a win for customers,” said John Larsen, president of Alliant Energy Corporation. “We’ve worked hard to hold the line on costs through 2020. It’s important to us to deliver cleaner power to families and businesses while keeping rates down.”

We reached agreement on the proposal with significant input and collaboration from the Citizens Utility Board (CUB) and Wisconsin Industrial Energy Group (WIEG). If approved by the PSCW, the plan would be in effect 2019-2020. A decision is expected later in 2018.

No rate increase proposed for 20192020

The proposal reflects our efforts to lower operational and fuel costs, along with expected tax savings from the 2017 Tax Cuts and Jobs Act. The plan includes our investments in generating electricity from cleaner and renewable sources.

Alliant Energy’s retail electric rates are among the lowest in Wisconsin.

Immediate bill credits through end of 2018

Under a separate decision today, the PSCW specified its formula for calculating customer bill credits as a result of tax reform. We are refunding a total of $36 million for electric customers and $4 million for natural gas customers in 2018.

Residential customers will see the following bill credits:

  • One-time fixed amount credits during the June bill cycle
    • $22.92 for electric customers
    • $6.99 for natural gas customers
  • Monthly credits calculated based on usage August through December
    • $4.11 for a typical electric customer using 700 kWh/month
    • $1.15 for a typical natural gas customer using 700 therms/year

Business customers will see bill credits as well. Amounts are approximate and subject to final calculation.