Alliant Energy Corp. Overview

Alliant Energy Corp. is a public utility holding company with its headquarters in Madison, Wisconsin. The company’s primary focus is on providing regulated electric and natural gas service to customers in the Midwest. It serves approximately 985,000 customers in the Midwest with regulated electric and natural gas services through its utility subsidiaries, Interstate Power and Light Company and Wisconsin Power and Light Company. Serving customers and building strong communities are its goals. The company’s goal is to power what comes next in energy while overcoming current market challenges.

IPC eliminated all of its operations outside of its main territory in Southern Minnesota and Northern Iowa in the 1940s. The largest portion of the territory was sold in summer 1943 and fall 1944, and it was located in Northeastern North Dakota, Northern Minnesota, and Emerson, Manitoba. In 1946, the SD properties around Winner were sold. The last isolated district, the region surrounding Waconia, Minnesota, would not be sold to Northern States Power until 1956. 1951 saw the return of the Dane County Fair to the Dane County Expo Center, which is now the Alliant Energy Center, where it continues to this day. The 22,000-square-foot Arena, which was built in 1954 but has since been renovated, is the only building from that era still standing today. The Youth Building, constructed in 1962, was the location of the 4-H offices and is now the Alliant Energy Center Administration building. As an outdoor venue, Willow Island was built at Alliant Energy Center in 2002. High-speed trade show cargo doors, energy-efficient floor lighting, new building steam traps, automated digital building cooling system controls, and the installation of a new energy management system were all part of an energy efficiency project that the exhibition hall underwent in 2005 to lessen its impact on the environment. In the middle of the 1990s, IPC and IES merged to form IPL. Today, IPL provides electricity and gas to communities in Iowa, while WPL serves southern and central Wisconsin.

At the end of 2007, Alliant Energy Corp. received final approval to sell Jo-Carroll Energy’s utility services in Illinois. The utility purchased the naming rights to the campus of the Dane County Expo Center in 2000, making it the Alliant Energy Center. This included the county-owned arena as well. In addition, Alliant Energy offers a number of non-regulated services, such as ground transportation and energy engineering (such as wind and geothermal energy). In 2007, it bought the 200 MW Buffalo Creek Wind Farm from Wind Capital Group in Hampton, Iowa. In 2007, Alliant Energy sold its transmission system in Iowa and Minnesota to ITC Holdings. In 2015, the company closed on the sale of its territory in Minnesota to a group of 12 electric cooperatives in that state. Alliant began offering its customers who purchased an electric vehicle, home charging station a rebate of $500 in 2016. Alliant-served Cedar Rapids, Iowa, announced on October 23, 2020, that it had reached a 12-year agreement for the naming rights to the downtown convention center complex that was formerly the U.S. Cellular Center. Alliant Energy PowerHouse was given to the facility.

There are four subsidiaries which are:

• In Iowa, Interstate Power and Light Company (IPL) is a public utility that distributes natural gas and generates and distributes electricity.
• In the southern and central parts of Wisconsin, Wisconsin Power and Light Company (WPL) offers services comparable to those provided by IPL.
• The resource is set up to handle investments that are not regulated.
• Alliant Energy Corp. and its subsidiaries use the administrative services provided by Corporate Services.

As of the time of this writing, 33% of Alliant Energy’s top executives are women, while 67% are men. The company’s management team consists of 66% white people, 13% of whom are Hispanic or Latino, and 11% of whom are black or African American. 32 of the company’s 3,375 employees hold leadership positions. The executives include:

• Since July 2019, the company has been led by John O. Larsen as Chairman, President, and Chief Executive Officer. He had previously assisted various key positions and served the company prior to his appointment as CEO.
• Robert J. Durian has been the Executive Vice President and Chief Financial Officer of the company since February 2020. He previously held the positions of Treasurer from 2016 to 2018 and Senior Vice President and Chief Financial Officer from 2019 to 2019.
• Tom Tang has been the Vice President and Chief Information Officer of the company since 2020.
• Terry L. Kouba has been the leader of IPL and senior VP of the organization since 2019.
• JP Brummond has been the vice president of customer and communication engagement of the company since 2021.

Alliant Energy’s mission is to provide communities and customers with energy solutions and exceptional service in a safe, effective, and responsible manner. By 2050, Alliant Energy Corp. hopes to produce electricity with zero carbon dioxide (CO2) emissions.In addition, it intends to continue investigating possibilities for completely eliminating CO2 from the environment. Future policies, developments in the economy, advancing energy technologies, and emerging trends in the communities it serves will direct its course. It will keep in mind that the energy it generates must remain affordable, safe, and dependable as it moves forward. It will succeed in achieving its objectives and producing clean energy by maintaining partnerships with customers, communities, regulators, and stakeholders. Alliant Energy intends to make significant investments to enhance the distribution network for electricity and gas, add natural gas, and expand the portfolio of generation assets. Alliant Energy also intends to improve the distribution systems for natural gas and electricity and regularly invests in infrastructure improvement.

• In 2021, Alliant Energy generated $3.669 billion in revenue, a 7.41 percent increase from 2020. For the twelve months ending June 30, 2022, it generated $3.962 billion, an increase of 14.67% over the previous year.
• With a 7.43 percent increase over 2020, Alliant Energy’s annual operating income for 2021 was $0.795 billion. For the twelve months ending June 30, 2022, its operating income was $881 million, an increase of 16.23% year-over-year.
• Net income for Alliant Energy in 2021 was $0.659 billion, an increase of 7.33 percent from 2020. For the twelve months ending June 30, 2022, its net income was $695 million, an increase of 11.2% year-over-year.
• In 2021, Alliant Energy’s total assets totaled $18.553 billion, a 4.76 percent increase from 2020. For the quarter that ended on June 30, 2022, its total assets were $19.391 billion, an increase of 8.09% year-over-year.
• Alliant Energy’s shareholder equity increased by 1.73 percent from 2020 to $5.99 billion in 2021. Its shareholder equity increased by 2.44 percent year-over-year to $6.166 billion for the quarter that ended June 30, 2022.
• As at 2021, it had a total number of 3,375 employees.

Alliant Energy has developed a dependable distribution network over time that can serve the majority of its potential customers. It has a lot of free cash flow, which gives the company the resources it needs to take on new projects. It has developed expertise in successfully entering new markets. The company has also been able to diversify its economic cycle risk in the markets it operates and generate new revenue streams as a result of the expansion. Alliant Energy has been able to scale up and down in response to market demand thanks to the automation of processes, which has resulted in consistent product quality. With the help of a dedicated department for customer relationship management, the business has been able to cultivate positive brand equity and a high level of customer satisfaction among its current customers.