Welcome to our dedicated page for Alliant Energy news (Ticker: LNT), a resource for investors and traders seeking the latest updates and insights on Alliant Energy stock.
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 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.
Alliant Energy Corporation (NASDAQ: LNT) updates its earnings guidance for 2022, increasing it to $2.76 - $2.83 per share and providing a 2023 range of $2.82 - $2.96. The company also anticipates a 6% increase in its annual common stock dividend target, now set at $1.81 per share. Capital expenditure projections for 2023-2026 have risen to $8.5 billion. The company's operations showed a GAAP EPS of $0.90 for Q3 2022, down from $1.02 in Q3 2021, primarily due to higher interest and income tax expenses.
Alliant Energy has announced a $4 million donation to its Hometown Care Energy Fund, aimed at assisting financially struggling customers with their energy bills. Customers may apply for up to $500 annually to help manage their energy costs. In collaboration with nonprofit organizations, the funds will be distributed across Iowa and Wisconsin, supporting eligible customers. The initiative seeks to aid those in need while encouraging community contributions. Additionally, Alliant Energy promotes the Low-Income Home Energy Assistance Program (LIHEAP) for further financial support.
The Alliant Energy Corporation (NASDAQ: LNT) has declared a quarterly cash dividend of $0.4275 per share, set to be paid on November 15, 2022, for shareholders on record as of October 31, 2022. The company has maintained dividend payments for 308 consecutive quarters since 1946, reflecting strong financial stability. Alliant Energy serves 985,000 electric and 425,000 natural gas customers in Iowa and Wisconsin.
Alliant Energy Corporation (NASDAQ: LNT) has scheduled its third quarter 2022 earnings release for November 7, 2022, after market close. A conference call to discuss the results will take place on November 8, 2022, at 9 a.m. CT. Investors can join the call by dialing (800) 458-4121 for U.S. and Canada or (323) 794-2093 internationally. The conference will be hosted by CEO John Larsen and CFO Robert Durian, and it will be webcast live. A replay will be available until November 15, 2022. Alliant serves 985,000 electric and 425,000 natural gas customers in Iowa and Wisconsin.
Alliant Energy plans to enhance energy storage capacity in Wisconsin by adding 175 megawatts (MW) of battery storage. This initiative, filed on Sept. 30, 2022, with the Public Service Commission of Wisconsin, includes projects in Grant and Wood counties, complementing existing solar arrays. The Grant County project aims to provide energy for over 100,000 homes for four hours, while the Wood County project targets over 80,000 homes. Pending approvals, construction is expected to start in 2023 and be operational by Fall 2025.
Wisconsin Power and Light Company (WPL), a subsidiary of Alliant Energy (LNT), has priced a public offering of $600 million in 3.950% debentures due on September 1, 2032. Proceeds from the offering will be allocated for developing and acquiring solar electric generating units. The offering, expected to close on August 15, 2022, is managed by a group of underwriters including Goldman Sachs and J.P. Morgan. This press release also highlights that it does not constitute an offer to sell securities in unauthorized jurisdictions.
Alliant Energy Corporation (NASDAQ: LNT) reported second quarter 2022 GAAP earnings of $0.63 per share, up from $0.57 in 2021. The utility segment generated $0.61 per share, driven by higher allowance for funds used during construction, improved sales, and effective cost management, which offset increased interest expenses. The company remains on track to meet its earnings guidance for 2022, projected between $2.67 and $2.81 per share. The first Wisconsin solar project is expected to commence soon, reinforcing its Clean Energy Blueprint.