QUOTE AND NEWS
Market Intelligence Center  Sep 18  Comment 
The patented algorithms that power MarketIntelligenceCenter.com's Artificial Intelligence Center found a trading opportunity with Alliant Energy Corp (LNT) that should provide a 2.48% return in just 121 days. Sell one Jan. '15 call at the $57.50...
Forbes  Aug 25  Comment 
On 8/27/14, Alliant Energy Corp.'s 5.100% Series D Cumulative Perpetual Preferred Stock (NYSE: IPL.PRD) will trade ex-dividend, for its quarterly dividend of $0.3187, payable on 9/15/14. As a percentage of IPL.PRD's recent share price of $25.44,...
newratings.com  Aug 6  Comment 
WASHINGTON (dpa-AFX) - Alliant Energy Corporation (LNT) Wednesday reported third-quarter net income of $61.8 million or $0.56 per share, down from $65.3 million or $0.59 per share last year. Operating revenues for the quarter rose to $750.3...
Motley Fool  Jun 16  Comment 
Wisconsin is looking to replace coal power with wind.
TheStreet.com  May 4  Comment 
This transcript originally appeared on Seeking Alpha. Title: Alliant Energy Corporation's CEO Discusses Q1 2014 Results - Earnings Call Transcript Symbol: LNT Call Start: 10:00 Call End: 10:33 Alliant Energy Corporation. (LNT) Q1 2014...
SeekingAlpha  May 3  Comment 
Alliant Energy Corporation. (LNT) Q1 2014 Earnings Call May 2, 2014 10:00 AM ET Executives Susan Gille – Manager, IR Pat Kampling – Chairman, President and CEO Tom Hanson – SVP and CFO Robert Durian – Controller and...
newratings.com  May 1  Comment 
WASHINGTON (dpa-AFX) - Alliant Energy Corp. (LNT) Thursday reported first-quarter net income of $108.0 million or $0.97 per share, up from $69.9 million or $0.63 per share last year. Operating revenues for the quarter rose to $952.8 million from...
Biomass Magazine  Apr 23  Comment 
Iowa customers of Alliant Energy are getting some of their electricity from cows. The more than 2,400 head of cattle at Sievers Family Farms near Stockton, Iowa, are among the latest to start generating renewable energy in the state.
Forbes  Apr 18  Comment 
Cheap natural gas is making wind energy affordable, even without a tax credit, the chief executive officer of Alliant Energy said in Chicago Wednesday.
SeekingAlpha  Apr 11  Comment 
Overview Alliant Energy Corporation (LNT) is a U.S.-based electric and gas utility which serves clients in Iowa, Minnesota and Wisconsin. LNT is part of no major index. LNT is an American corporation and therefore pays its quarterly dividends...




 

Alliant Energy (NYSE:LNT) is a investor-owned public utility holding company focusing primarily on regulated electricity and natural gas services.[1] In addition to other energy subsidiaries, the Company has two public utility subsidiaries, Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL), that serve approximately one million electric and approximately 412,000 natural gas customers in the Midwest.[2] Alliant's utility business has three segments: electric operations; gas operations, and others. As a regulated utility, Alliant's earnings depend on allowed returns on equity and rate levels. While rate base levels rose in 2009 and 2010, they are projected to remain almost flat in 2011-2013.


Business Growth

Revenue has primarily grown as a result of rate increases in Iowa and Wisconsin.[3] However, Wisconsin is not expected to increase rates significantly and Iowa has frozen its rate from 2010 to 2012.[4] Long-term growth initiatives include a $375 million purchase option of the Riverside gas facility from Calpine in 2013 and a $465 emissions control projects to be completed by 2014.[5]


Trends and Forces

Almost all of Alliant's business is heavily regulated by government agencies

As a regulated utilities, Alliant's primary holdings depend on permitted returns on equity and rate base levels.[6] While Alliant's customers may always need electricity or natural gas services, Alliant's revenues and returns depend on rates set by Iowa, Minnesota, and Wisconsin regulators.[7] Rate activity is projected to remain weak from 2011 to 2013 in Wisconsin and Iowa after both states increased rates shortly beforehand. However, as a result of persistent flat rates, rates have the potential of rising significantly in adjustment.[8]

Alliant's business also is dependent on the ability of its regulators to adjust rates at an appropriate enough rate to accurately reflect the Company's capital expenses and its return on equity.[9] The Company has significant growth projects scheduled for 2013 and 2014 and its ability to finance those projects has the potential of being hindered by regulatory lag.[10]

Alliant's non-regulated and regulated businesses are capable of benefiting from renewable energy spending

Current Federal and State legislation and regulations call for reductions in CO2 emissions in favor of natural gas driven electricity and renewable sources.[11] While Alliant's non-regulated business, under the RMT unit, compose a small part of total revenues, these business engage in end-to-end project development for wind, solar, and geothermal energy.[12] While government and commercial spending on environmentally-friendly energy sources has the potential of increasing, these energy sources are not as economically viable sources of energy as coal and crude.[13] As a result, success in this industry depends heavily on government support.

Alliant also provides natural gas services, which produce less emissions than coal-driven energy.[14] However, a majority of Alliant's electricity is from coal plants, which could be negatively impacted by environmental legislation or spending.[15]

Competition

Because electric customers in Iowa and Wisconsin cannot choose their electric provider, Alliant's utility businesses face little competition. However, electric utility companies compete on price and service when trying to enter new services areas.

The gas utility business is still regulated at the present time. Currently, federal and state policies are being enacted that will work towards deregulating the industry.[16]This is in hope of bringing more competition and innovation to the industry. This will result in more competition in the sale of Natural gas and similar services.[17] However, the distribution of natural gas will still be a regulated industry.

Some of LNT's largest competitors include Wisconsin Energy (WEC) and Xcel Energy (XEL).

References

  1. Reuters.com: Alliant Energy Company Profile
  2. Reuters.com: Alliant Energy Company Profile
  3. Alliant Energy 2010 10-K filing
  4. Alliant Energy 2010 10-K filing
  5. jsoline.com:Alliant eyes rate hike, purchase of Beloit power plant
  6. Alliant Energy 2010 10-K filing
  7. Alliant Energy 2010 10-K filing
  8. Alliant Energy 2010 10-K filing
  9. Alliant Energy 2010 10-K filing
  10. Alliant Energy 2010 10-K filing
  11. gamutnews.com:Alliant Energy Announces Sale of RMT’s Environmental Business Unit to TRC Companies, Inc.
  12. gamutnews.com:Alliant Energy Announces Sale of RMT’s Environmental Business Unit to TRC Companies, Inc.
  13. gamutnews.com:Alliant Energy Announces Sale of RMT’s Environmental Business Unit to TRC Companies, Inc.
  14. gamutnews.com:Alliant Energy Announces Sale of RMT’s Environmental Business Unit to TRC Companies, Inc.
  15. gamutnews.com:Alliant Energy Announces Sale of RMT’s Environmental Business Unit to TRC Companies, Inc.
  16. Energy-tel.com:Iowa Energy Choice
  17. Energy-tel.com:Iowa Energy Choice
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki