Alliant Energy Corporation is a public utility holding company serving approximately 1 million electric and approximately 400,000 natural gas customers. Providing its customers in the Midwest with regulated electricity and natural gas service is the company's primary focus.
Alliant Energy's utility subsidiaries, Interstate Power and Light and Wisconsin Power and Light, provide safe, reliable, affordable and environmentally responsible electric and natural gas services to customers in Iowa, Wisconsin, and Minnesota. Alliant Energy's service territory covers 54,000 square miles and includes 43,000 miles of electric distribution lines and cables and 9,000 miles of natural gas mains. Alliant maintains a strong fleet of fossil fuel, natural gas and renewable generating facilities across the upper Midwest. Together, they have a nameplate generation capacity of approximately 6,000 megawatts.
The strategic plan for Alliant Energy's utility operations is concentrated on: 1) building and maintaining the generation and infrastructure necessary to provide Alliant Energy's utility customers with safe, reliable and environmentally responsible energy service; 2) earning returns authorized by its regulators; and 3) controlling costs to mitigate potential rate increases.
Alliant Energy Resources, LLC is the parent company of Alliant Energy's non-regulated businesses. The strategic plan for Alliant Energy's non-regulated operations involves maintaining a small portfolio of businesses which are accretive to earnings but not significant users of capital. These businesses include RMT, which provides environmental consulting, engineering and renewable energy services, and other non-regulated investments which include non-regulated generation, transportation and several other investments.
Alliant Energy, a Fortune 1000 company traded on the New York Stock Exchange under the symbol "LNT", currently pays an annualized target dividend rate of $1.50 per share.
