Alliant Energy Corporation is a public utility holding company serving approximately 1 million electric and over 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 sound 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 5,600 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 sound energy service; 2) earning returns authorized by its regulators; and 3) controlling costs to mitigate potential rate increases.
Alliant Energy Resources, Inc. is the parent company of Alliant Energy's non-regulated businesses which operate a relatively small portfolio of lower-risk, mature businesses which are not expected to be significant users of capital. These businesses include Non-regulated Generation, environmental consulting, engineering and renewable energy services, transportation and several other modest 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 $1.40 per share.
