Alliant Energy said WPL filed a request with the PSCW in March 2025 for approval to implement increases in annual rates for its retail electric and gas customers of $120 million and $9 million in 2026, respectively, with an additional increase in annual rates for its retail electric and gas customers of $82 million and $5 million in 2027, respectively. A decision from the PSCW is currently expected by the end of 2025.

1. 01

   Alliant Energy said WPL filed a request with the PSCW in March 2025 for approval to implement increases in annual rates for its retail electric and gas customers of $120 million and $9 million in 2026, respectively, with an additional increase in annual rates for its retail electric and gas customers of $82 million and $5 million in 2027, respectively. A decision from the PSCW is currently expected by the end of 2025.

2. 02

   Alliant Energy said over the next 6 years it currently plans to develop and/or acquire new generation investments including approximately 1,500 MW of new natural gas resources, approximately 1,200 MW of new wind generation, and approximately 800 MW of new energy storage, as well as refurbishments at approximately 500 MW of existing wind farms and the conversion of existing coal-fired EGUs to natural gas.

3. 03

   Alliant Energy said Utilities and Corporate Services net income increased by $66 million for Q1 2025 (3 months), while Non-utility and Parent net income decreased by $12 million. The company cited higher revenue requirements from IPL's and WPL's capital investments as a factor in the increase and higher financing expense as a factor in the decrease.

4. 04

   As of March 31, 2025, Alliant Energy had $25 million of cash and cash equivalents and $522 million of available capacity under the single revolving credit facility ($193 million at the parent company, $141 million at IPL and $188 million at WPL). There was no available capacity at IPL under its sales of accounts receivable program.

Key figures

Quarter ended March 31, 2025

Revenue

$1.1B

Operating income

$257M

Net income

$213M

EPS

$0.83

Operating cash flow

$249M

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.