Alliant Energy Projects up to $1.2 Billion in Customer Savings With $5.1 Billion Loan Package
Alliant Energy projects more than 1,600 local construction jobs from projects supported by the loans.
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Lower-interest loans from the
“As energy needs continue to grow across the communities we serve, we are making smart, forward-looking investments to deliver safe, reliable and cost-effective energy for our customers,” said Lisa Barton, president and CEO of Alliant Energy. “This federally backed financing helps lower the cost of building the generation and critical energy infrastructure our customers depend on, while strengthening the grid and supporting long-term savings. We are focused on meeting growth responsibly, maintaining affordability and creating lasting value for customers and communities across
Alliant Energy plans to use the funding to lower costs for constructing and upgrading resources under the company’s all-of-the-above approach to generation, ensuring reliable and affordable energy to meet growing demand. All proposed projects will be advanced through a transparent regulatory process and represent critical investments in the energy infrastructure needed to serve customers for decades to come.
The federal financing commitment provides Alliant Energy access to up to
With access to EDF financing, Alliant Energy may pursue, but is not limited to include the following projects:
- 1.6 GW of new natural gas generation
- 240 MW increased capacity at existing natural gas facilities
- 1 GW of energy storage
- 2 BCF of Liquified Natural Gas storage
The pursuit of the EDF financing is consistent with Alliant Energy’s longstanding approach to evaluating and pursuing opportunities offered by federal and state agencies to lower costs for customers. Furthermore, it demonstrates the company’s focus on securing cost-effective funding that supports critical investments, strengthens system reliability and delivers value to customers.
In a statement released this morning,
For more information, visit Alliant Energy - Alliant Energy News Center.
Alliant Energy Corporation (NASDAQ: LNT) is a regulated, investor-owned energy company serving more than 1 million electric and 435,000 natural gas customers across
View source version on businesswire.com: https://www.businesswire.com/news/home/20261028185834/en/
Media Contact: Cindy Tomlinson, 608.458.3869 | cindytomlinson@alliantenergy.com
Source: Alliant Energy Corporation