Alliant Energy Corporation reports developments in its regulated electric and natural gas utility operations in Iowa and Wisconsin through Interstate Power and Light Company and Wisconsin Power and Light Company. Recurring updates cover quarterly and annual earnings, revenue requirements, rate-base growth, generation and energy storage investments, financing costs, depreciation, operations and maintenance expense, and electric service agreements tied to customer demand.
Company news also includes common stock dividend declarations, community and foundation programs, and portfolio actions involving subsidiaries such as Travero. The utility-focused disclosures emphasize regulated service territories, capital investment, regulatory considerations, and the operating performance of IPL and WPL.
Alliant Energy (NASDAQ: LNT) announced significant community contributions totaling $12.1 million and over 70,000 volunteer hours in 2022. The funding supports local nonprofits in location value="LS/us.ia"Iowa and location value="LS/us.wi"Wisconsin, focusing on community safety, environmental stewardship, workforce readiness, and addressing hunger and housing issues. Initiatives include providing Child ID Kits for 975,000 school-aged children, planting nearly 124,000 trees as part of a goal to plant one million by 2030, and distributing $500,000 for hunger relief through food banks.
Alliant Energy Corporation (NASDAQ: LNT) has priced its offering of $500 million in 3.875% convertible senior notes due 2026. The offering includes an option for initial purchasers to acquire an additional $75 million. The expected closing date is March 2, 2023. After costs, the net proceeds are anticipated to be approximately $490.9 million, which may be used for general corporate purposes, such as debt repayment and capital expenditures. The notes will be convertible under specific conditions and mature on March 15, 2026, paying interest semiannually. This offering is made under Rule 144A and has not been registered under the Securities Act.
Alliant Energy Corporation (NASDAQ: LNT) announced its intention to offer $500 million of convertible senior notes due 2026 in a private placement. An additional $75 million may also be purchased by initial purchasers. Proceeds will be used for general corporate purposes, including debt repayment and capital expenditures. The notes are unsecured and convertible under specific conditions. The offering will be available to qualified institutional buyers and is not registered under the Securities Act, meaning resale will be restricted. Forward-looking statements highlight potential risks including market conditions and closing conditions.
Alliant Energy Corporation (NASDAQ: LNT) reported a GAAP earnings per share (EPS) of $2.73 for 2022, up from $2.63 in 2021, reflecting a 6% growth. The company's adjusted EPS for the same period was $2.80, indicating consistent performance. The Utilities and Corporate Services segment contributed $2.74 to GAAP EPS, driven by revenue requirements and capital investments. However, the Non-utility and Parent operations saw a loss of $(0.13) per share due to increased financing expenses. Alliant Energy affirmed its 2023 EPS guidance at $2.82 - $2.96, emphasizing its commitment to clean energy initiatives.
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The Alliant Energy Corporation (NASDAQ: LNT) Board of Directors declared a quarterly cash dividend of $0.4525 per share, payable on February 15, 2023, to shareholders of record by the close of business on January 31, 2023. This marks the 309th consecutive quarter of dividend payments since 1946. Alliant Energy provides regulated energy services to 975,000 electric and 420,000 natural gas customers across Iowa and Wisconsin, emphasizing safe and efficient energy solutions. The company is included in the Nasdaq CRD Sustainability Index and Bloomberg’s 2020 Gender-Equality Index, bolstering its commitment to sustainability.
Alliant Energy Corporation (NASDAQ: LNT) has announced its year-end 2022 earnings release date for February 23, 2023, post-market close. A conference call to discuss the results will occur on February 24, 2023, at 9 a.m. CT. The earnings call will be accessible via webcast on Alliant Energy's investor relations website. The company serves approximately 985,000 electric and 425,000 natural gas customers in Iowa and Wisconsin and is part of the Nasdaq CRD Sustainability Index and the S&P 500. For more details, visit their official website or social media channels.
Alliant Energy Corporation (NASDAQ: LNT) has appointed Lisa M. Barton as the new President and Chief Operating Officer, effective February 27, 2023. Ms. Barton, formerly the Executive Vice President and COO at American Electric Power, brings extensive industry experience and leadership skills. In her new role, she will collaborate with John O. Larsen to execute the company's growth strategy, focusing on sustainability and enhancing customer experience. Barton's leadership is expected to strengthen Alliant Energy's commitment to delivering safe and affordable clean energy to its communities across Iowa and Wisconsin.
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Alliant Energy Corporation (NASDAQ: LNT) has appointed Stephanie Cox as an independent director, effective February 11, 2023. She brings over 30 years of energy sector experience, having previously served at John Wood Group PLC and Schlumberger Limited. The appointment comes as Dean Oestreich retires from the Board. Alliant Energy aims to leverage Cox's expertise in P&L management, risk management, and corporate ESG initiatives to boost its Clean Energy Blueprint and enhance service reliability for its customers across the Midwest. The Board will now include nine independent directors, with 50% being women.