Alliant Energy Corp - LNT STOCK NEWS

Alliant Energy has appointed Joy Falotico as a director, effective July 14, 2021. Ms. Falotico, aged 53, served as President of Lincoln Motor Company since March 2018 and was previously Ford's Chief Marketing Officer. She brings over 31 years of experience in business leadership, strategic planning, and marketing. The Board aims to leverage her insights to enhance customer service and community engagement. Alliant Energy provides regulated energy services to 975,000 electric and 420,000 natural gas customers in Iowa and Wisconsin.

Alliant Energy received approval from the Public Service Commission of Wisconsin for its first filing of 675 megawatts of solar projects. The construction is set to begin in Richland, Wood, and Rock counties as part of the Clean Energy Blueprint. The projects will add nearly 1,100 MW of solar energy, powering approximately 300,000 homes. Estimated to create 2,000 jobs and generate around $300 million in local revenues, the investments aim to reduce long-term costs by over $2 billion. Alliant aims to be the largest solar operator in Wisconsin and enhance community environmental health.

The Board of Directors of Alliant Energy has declared a dividend of $0.31875 per share for its 5.1% Series D Cumulative Preferred Stock. This dividend is payable on June 15, 2021, to shareholders on record as of May 28, 2021. Alliant Energy provides regulated energy services to 975,000 electric and 420,000 natural gas customers across Iowa and Wisconsin, emphasizing safe, efficient, and responsible energy solutions.

Alliant Energy Corporation (NASDAQ: LNT) reported its Q1 2021 earnings, showing a GAAP EPS of $0.68, slightly down from $0.70 in Q1 2020. The decline was attributed to higher depreciation, unfavorable timing of income tax expenses, and reduced allowances for funds used during construction. However, increased earnings from its utilities due to a growing rate base and higher sales volumes partially offset the losses. The company reaffirmed its 2021 guidance, targeting an EPS range of $2.50 to $2.64.

Additionally, Alliant achieved a milestone in its clean energy transition by securing approval for 675 megawatts of its planned solar expansion in Wisconsin.

Alliant Energy has proposed a settlement agreement to the Public Service Commission of Wisconsin regarding electric and natural gas rates for 2022 and 2023. The settlement aims to provide customers with rate certainty while facilitating a transition to clean energy. During this period, Alliant plans to add nearly 1,100 megawatts of solar generation and avoid a base rate increase in 2023. The agreement involves an increase in revenue requirements of $70M for electric and $15M for gas utilities, ensuring management of operational costs and customer savings.

The Alliant Energy Corporation (NASDAQ: LNT) has declared a quarterly cash dividend of $0.4025 per share, scheduled for payment on May 17, 2021, to shareholders on record as of April 30, 2021. This marks the company's commitment to return value to its shareholders, continuing a tradition of dividends paid for 302 consecutive quarters since 1946. Alliant Energy serves approximately 975,000 electric and 420,000 natural gas customers across Iowa and Wisconsin, focusing on sustainable energy solutions.

Alliant Energy Corporation (NASDAQ: LNT) plans to release its first quarter 2021 earnings on May 6, 2021, after market close. A conference call to discuss the results is scheduled for May 7, 2021, at 9 a.m. CT, hosted by CEO John Larsen and CFO Robert Durian. Interested parties can join the call by dialing the provided numbers or viewing the live webcast on the company's investor relations site. Alliant Energy, serving 975,000 electric and 420,000 natural gas customers, emphasizes its commitment to delivering safe and efficient energy solutions.

Alliant Energy has announced plans to add 414 megawatts (MW) of solar energy in Wisconsin, rounding out its initiative to exceed 1,000 MW of solar capacity. This effort aims to help customers save over $2 billion in long-term costs while creating more than 800 local jobs across several counties. The new projects will generate an estimated $50 million in shared revenues for local communities over 30 years. Alliant Energy seeks regulatory approval to advance these six new projects, contributing to its goal of achieving nearly 50% renewable energy in its mix by 2025.