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Alliant Energy Corp.
TickerLNT

www.alliantenergy.com

4902 North Biltmore Lane
Madison, WI  53707-1007
USA
Phone800.255.4268
Fax608.458.0100

Company Information
Company Information
IndustryElectric Utilities, Power Generation, and Equipment Manufacturing
  
# of Employees5151
  
OwnershipPublic Company
  
  
Company Security Requirements1. Very High
  
Company Storage Requirements1. Very High
  
Fortune 1000 Rank587
Description
Alliant Energy Corporation (Alliant Energy) is operating as a public utility holding company. The first tier subsidiaries of Alliant Energy are Interstate Power and Light Company (IPL), Wisconsin Power and Light Company (WPL), Alliant Energy Resources, Inc. (Resources) and Alliant Energy Corporate Services, Inc. (Corporate Services). In April 2005, the Company sold its energy services business to Constellation Energy Projects & Services Group, Inc.

Operating Systems Utilized
Technology
LINUX
SOLARIS
UNIX

Top Executives
Executive NameTitle
Bennett, MichaelPresident
Harvey, WilliamChairman, President And Chief Executive Officer
Hoffman, JamesEVP-Business Development
President, Alliant Energy Resources, Inc.
Kratchmer, JohnVice President, Chief Accounting Officer, Controller
Protsch, EliotSenior Executive Vice President And Chief Financial Officer
Sanders, CarolChief Financial Officer
Swan, BarbaraExecutive Vice President And General Counsel
Weiler, AnthonyChairman And President
      
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Recent Company Events
DateType of EventDetails
2008-02-06Earnings/DividendsAlliant Energy Corp. today announced income and earnings per share (EPS) from continuing operations for 2007 of $425.6 million and $3.78, respectively, compared to $338.3 million and $2.89 in 2006. The income from continuing operations in 2007 includes an after tax gain of $122.7 million, or $1.09 per share, from the sale of Interstate Power and Light Company's (IPL's) electric transmission assets. The income from continuing operations in 2006 includes an after tax gain of $150.1 million, or $1.28 per share, from the sale of Alliant Energy New Zealand Ltd. (AENZ) stock and after tax charges related to debt reductions within Alliant Energy's non regulated businesses of $56.8 million, or $0.48 per share. Alliant Energy's net income and EPS for 2007 were $426.2 million and $3.79, respectively, compared to $315.7 million and $2.69 in 2006.

Excluding IPL's gain from selling its electric transmission assets in 2007, earnings from continuing operations for Alliant Energy's utility business were higher in 2007 as compared to 2006 primarily due to increased electric margins resulting from improved fuel cost recoveries and weather related impacts, lower costs from retirement and incentive compensation plans and the accretive effect of fewer shares outstanding following the completion of Alliant Energy's common stock repurchase program. These items were partially offset by a higher effective income tax rate in 2007, costs related to major winter storms in IPL's service territory in 2007 and lower gas margins due to reduced gains from Wisconsin Power and Light Co.'s (WPL's) discontinued performance based gas commodity recovery program.

Excluding the gain from selling AENZ stock and debt reduction charges in 2006, earnings from continuing operations for Alliant Energy's non regulated businesses were higher in 2007 as compared to 2006 primarily due to a lower effective income tax rate partially due to $0.06 of reversals of deferred tax asset valuation allowances in 2007, a loss from selling steam turbine equipment in 2006, lower interest costs, currency related losses from AENZ in 2006 prior to its sale and improved earnings from its Non regulated Generation, RMT and WindConnect(R) businesses in 2007.

In December 2007, IPL completed the sale of its electric transmission assets located in Iowa, Minnesota and Illinois to ITC Midwest LLC, a wholly owned subsidiary of ITC Holdings Corporation, for net proceeds of $772 million, subject to post closing adjustments. IPL used the proceeds to issue a $400 million dividend to Alliant Energy, to retire $150 million of its short term debt and to fund investments in short term securities and for general corporate purposes. At December 31, 2007, Alliant Energy had approximately $750 million of cash and short term securities.

"We are pleased with our accomplishments during 2007," said Bill Harvey, Alliant Energy's Chairman, President and CEO. "Operationally, our organization responded admirably to major ice storms and our generating stations continued to perform at a high level. Financially, we produced strong and predictable earnings in our core utility and non regulated businesses, and we recently increased our dividend for the third year in a row. Finally, with the groundbreaking at our Cedar Ridge Wind Farm in Wisconsin, we launched our extensive generation build out program. With the sale of our IPL transmission assets, we enter our build out program in a very strong financial position to meet the future energy needs of our customers with a plan that balances reliability, economics, and the environment."

Full Year Results

A summary of Alliant Energy's 2007 and 2006 earnings is as follows (net income in millions):

Earnings (loss) from continuing 2007 2006

operations: Net Income EPS Net Income EPS

Utility (excl. IPL's electric

transmission assets gain) (a) $263.3 $2.34 $259.0 $2.21

Non regulated (excl. New Zealand

gain and debt charges) (b) 34.7 0.
2007-12-18Merger/AcquisitionInterstate Power and Light Company (IPL), a subsidiary of Alliant Energy Corporation (NYSE: LNT) received today an oral decision from the Minnesota Public Utilities Commission (MPUC) regarding the sale of the company's transmission assets to ITC Midwest LLC (ITC Midwest), a subsidiary of ITC Holdings Corp. (NYSE: ITC).

In its oral decision, the MPUC approved the transaction. The MPUC determined that the sale of IPL's transmission assets would provide benefits to IPL's 44,000 Minnesota electric customers. The MPUC's determination was made effective today.

With the MPUC's decision, IPL has received all appropriate state and federal regulatory approvals. In May 2007, the Federal Trade Commission completed its review of the sale under the Hart Scott Rodino Act. In August, IPL received regulatory approval from the Missouri Public Service Commission. In September, the Iowa Utilities Board issued an order allowing the sale to move forward. In November, the Illinois Commerce Commission approved the transmission transaction. Earlier this month, the Federal Energy Regulatory Commission (FERC) approved the transaction.

Pending satisfaction of closing conditions, the transaction is expected to close prior to year end.

"Our company appreciates the MPUC's diligence regarding this proposed transaction," says Tom Aller, President IPL. "The MPUC's decision supports our position that the sale of our company's transmission assets is good for our customers, shareowners and the renewable energy industry in our service area. We are confident of ITC Midwest's ability to provide the transmission infrastructure necessary to grow our economies and enhance the reliability of our energy service for future generations."

As part of the sale agreement signed by IPL and ITC Midwest on January 18, 2007, ITC Midwest agreed to purchase IPL's transmission assets, including approximately 6,800 miles of 34.5 kV and above transmission lines, substation facilities and transmission land rights, for approximately $750 million, subject to various adjustments at closing.
2007-12-04Real Estate TransactionsCompany awaits final decision from Minnesota Public Utilities Commission

CEDAR RAPIDS, Iowa, Dec. 4 /PRNewswire FirstCall/ Interstate Power and Light Company (IPL), a subsidiary of Alliant Energy Corporation (NYSE: LNT) received today a decision from the Federal Energy Regulatory Commission (FERC) regarding the sale of the company's transmission assets to ITC Midwest LLC (ITC Midwest), a subsidiary of ITC Holdings Corp. (NYSE: ITC).

(Logo: http://www.newscom.com/cgi bin/prnh/20020405/LNTLOGO)

In its written decision, FERC approved the sale transaction. In the written order, FERC cited evolving Federal energy policy that encourages independently owned and operated transmission systems to invest capital in improving and expanding the transmission grid.

In May 2007, the Federal Trade Commission completed its review of the sale and terminated the waiting period under the Hart Scott Rodino Antitrust Improvements Act of 1976, as amended. In August, IPL received regulatory approval from the Missouri Public Service Commission. In September, the Iowa Utilities Board issued an order allowing the sale to move forward. In November, the Illinois Commerce Commission approved the transmission transaction. The company is awaiting a decision from the Minnesota Public Utilities Commission (MPUC) by the end of the year.

Pending all appropriate state and federal regulatory approvals and satisfaction of other closing conditions, the transaction is expected to be concluded by the end of the year.

"FERC's decision supports our position that independent transmission owners and operators are critical to the long term vitality of our country's transmission grid," said Tom Aller, President IPL. "ITC Midwest is committed to building upon our company's long standing history of providing transmission infrastructure necessary that maximizes our renewable energy potential in our service area and enhancing our customers' access to safe and reliable energy service."

As part of the sale agreement signed by IPL and ITC Midwest on January 18, 2007, ITC Midwest agreed to purchase IPL's transmission assets, including approximately 6,800 miles of 34.5 kV and above transmission lines, substation facilities and transmission land rights, for approximately $750 million, subject to various adjustments at closing.

Alliant Energy is an energy services provider with subsidiaries serving approximately 1 million electric and over 420,000 natural gas customers. Providing its customers in the Midwest with regulated electric and natural gas service is the company's primary focus. Interstate Power and Light, the company's Iowa utility subsidiary, serves 526,000 electric and 232,000 natural gas customers. Alliant Energy, headquartered in Madison, Wis., is a Fortune 1000 company traded on the New York Stock Exchange under the symbol LNT. For more information, visit the company's Web site at http://www.alliantenergy.com. s.server=server() s.channel="news release" s.pageName="news_release_interstate power and light company receives ferc approval of transmission assets sale to itc midwest" s.prop2="109" s.prop3="12 04 2007" /************* DO NOT ALTER ANYTHING BELOW THIS LINE ! **************/ var s_code=s.t();if(s_code)document.write(s_code); //
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