Welcome to our dedicated page for Alliant Energy Corporation news (Ticker: LNT), a resource for investors and traders seeking the latest updates and insights on Alliant Energy Corporation stock.
Alliant Energy Corporation (LNT) is a utility holding company that provides regulated electricity and natural gas services. The company operates through three main segments: Utility Electric Operations, Utility Gas Operations, and Utility Other. As the parent company of Interstate Power and Light and Wisconsin Power and Light, Alliant Energy serves nearly 1 million electric customers and 425,000 natural gas-only customers.
Utility Electric Operations involves the generation and distribution of electricity to homes and businesses. Their diverse energy mix includes coal, natural gas, and renewable energy sources such as wind and solar. The Utility Gas Operations segment focuses on the distribution and transportation of natural gas, ensuring reliable delivery to customers.
Alliant Energy is committed to sustainability and reducing its carbon footprint. The company has made significant strides in renewable energy projects and aims to transition towards cleaner energy solutions. Recent achievements include expanding their wind and solar energy capabilities and modernizing their electric grid to enhance efficiency and reliability.
Financially, Alliant Energy maintains a strong position with steady revenue growth and a robust balance sheet. They have a 16% interest in American Transmission Co., which plays a crucial role in the energy transmission infrastructure.
Partnerships with other energy companies and technological advancements are key to Alliant Energy's strategy. They continue to invest in smart grid technology and infrastructure improvements to meet the growing energy demands and ensure customer satisfaction.
With continuous projects aimed at enhancing their energy services, Alliant Energy remains a significant player in the utilities sector, committed to providing reliable and sustainable energy solutions to its customers.
Wisconsin Power and Light Company, a subsidiary of Alliant Energy (NASDAQ: LNT), has priced a public offering of $300 million in 1.950% debentures due September 16, 2031. Proceeds will fund the construction and development of wind and solar energy facilities. The offering is expected to close on September 16, 2021, contingent on customary closing conditions. The offering was managed by a consortium of underwriters including Barclays and BofA Securities. This press release does not constitute an offer to sell or buy these securities.
Alliant Energy has announced a $4 million donation to its Hometown Care Energy Fund to support financially disadvantaged customers in Iowa and Wisconsin. This initiative allocates $2 million for each state to assist customers struggling with energy bills, particularly in the wake of the COVID-19 pandemic. The funds will be distributed through local nonprofit organizations, ensuring that support reaches those in need. This commitment demonstrates Alliant Energy's dedication to helping customers recover financially during challenging economic times.
Alliant Energy's Iowa utility, Interstate Power and Light Company (NASDAQ: IPLDP), has declared dividends for preferred stockholders, scheduled for September 15, 2021. Shareholders of record on August 31, 2021, will receive a dividend of $0.31875 per share for the 5.1% Series D Cumulative Preferred Stock. Alliant Energy (NASDAQ: LNT) serves 975,000 electric and 420,000 natural gas customers across Iowa and Wisconsin, focusing on safe, efficient energy solutions. The company is part of the Nasdaq CRD Sustainability Index and the S&P 500.
Alliant Energy Corporation (NASDAQ: LNT) reported Q2 2021 earnings per share (EPS) of $0.57, up from $0.54 in Q2 2020, driven by a higher rate base and warmer temperatures impacting sales. Year-to-date results indicate a strong trajectory towards the upper half of the 2021 earnings guidance range of $2.50 to $2.64. The Utilities and Corporate Services segment achieved $0.51 EPS, a $0.03 increase from the prior year's quarter. The report also highlighted challenges such as increased depreciation expenses and lower allowances for construction financing.
The Alliant Energy Corporation (NASDAQ: LNT) Board of Directors announced a quarterly cash dividend of $0.4025 per share, payable on August 16, 2021, to shareholders of record as of July 30, 2021. This marks the company's commitment to returning value to its investors, having paid dividends for 303 consecutive quarters since 1946. Alliant Energy provides regulated energy services to approximately 975,000 electric and 420,000 natural gas customers throughout Iowa and Wisconsin, emphasizing safe and efficient energy solutions.
Alliant Energy has released its 2021 Corporate Responsibility Report, highlighting significant advancements in renewable energy and a commitment to sustainability. Key achievements include a 42% CO2 reduction since 2005, retirement of 1,100 MW of coal, and a plan to plant 1 million trees over the next decade. The company aims for net-zero carbon emissions by 2050 and has been recognized for its diversity and social responsibility efforts.
Alliant Energy Corporation (NASDAQ: LNT) will release its second quarter 2021 earnings on August 5, after market close. A conference call is scheduled for August 6 at 9 a.m. CT, hosted by CEO John Larsen and CFO Robert Durian. Interested parties can join via phone or webcast at the company’s investor site. This session is crucial for analysts and investors tracking Alliant Energy as it services over 975,000 electric and 420,000 natural gas customers in Iowa and Wisconsin. For more details, visit the company's investor relations webpage.
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.
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