Commission | Name of Registrant, State of Incorporation, | IRS Employer |
File Number | Address of Principal Executive Offices and Telephone Number | Identification Number |
1-9894 | ALLIANT ENERGY CORPORATION | 39-1380265 |
(a Wisconsin corporation) | ||
4902 N. Biltmore Lane | ||
Madison, Wisconsin 53718 | ||
Telephone (608)458-3311 | ||
1-4117 | INTERSTATE POWER AND LIGHT COMPANY | 42-0331370 |
(an Iowa corporation) | ||
Alliant Energy Tower | ||
Cedar Rapids, Iowa 52401 | ||
Telephone (319)786-4411 | ||
0-337 | WISCONSIN POWER AND LIGHT COMPANY | 39-0714890 |
(a Wisconsin corporation) | ||
4902 N. Biltmore Lane | ||
Madison, Wisconsin 53718 | ||
Telephone (608)458-3311 |
(a) | Not applicable. |
(b) | Not applicable. |
(c) | Not applicable. |
(d) | Exhibits. The following exhibits are being furnished herewith: |
Date: August 5, 2015 | By:/s/ Robert J. Durian |
Robert J. Durian | |
Vice President, Chief Accounting Officer and Controller |
Date: August 5, 2015 | By:/s/ Robert J. Durian |
Robert J. Durian | |
Vice President, Chief Accounting Officer and Controller |
Date: August 5, 2015 | By:/s/ Robert J. Durian |
Robert J. Durian | |
Vice President, Chief Accounting Officer and Controller |
(99.1) | Alliant Energy Corporation press release dated August 5, 2015. |
(99.2) | Alliant Energy Corporation and Interstate Power and Light Company press release dated July 31, 2015. |
Alliant Energy Corporation |
Corporate Headquarters |
4902 North Biltmore Lane |
Madison, WI 53718-2148 |
www.alliantenergy.com |
FOR IMMEDIATE RELEASE | Media Contact: | Scott Reigstad (608) 458-3145 | ||
Investor Relations: | Susan Gille (608) 458-3956 |
Adjusted (non-GAAP) EPS | GAAP EPS from | ||||||||||||||
from Continuing Operations | Continuing Operations | ||||||||||||||
2015 | 2014 | 2015 | 2014 | ||||||||||||
Utilities, ATC and Corporate Services | $0.58 | $0.50 | $0.52 | $0.50 | |||||||||||
Non-regulated and Parent | 0.09 | 0.06 | 0.09 | 0.06 | |||||||||||
Alliant Energy Consolidated | $0.67 | $0.56 | $0.61 | $0.56 |
Q2 2015 | Q2 2014 | Variance | |||||||||
Utilities, ATC and Corporate Services: | |||||||||||
Lower retail electric customer billing credits at IPL | ($0.03 | ) | ($0.11 | ) | $0.08 | ||||||
Sales of Minnesota electric and gas distribution assets in 2015 at IPL | (0.06 | ) | — | (0.06 | ) | ||||||
Lower energy efficiency cost recovery amortizations at WPL | (0.01 | ) | (0.06 | ) | 0.05 | ||||||
Higher electric transmission service expense at WPL | (0.05 | ) | |||||||||
Estimated temperature impact on electric and gas sales | (0.03 | ) | 0.02 | (0.05 | ) | ||||||
Higher estimated temperature-normalized retail electric sales | 0.03 | ||||||||||
Other | 0.02 | ||||||||||
Total Utilities, ATC and Corporate Services | $0.02 | ||||||||||
Non-regulated and Parent: | |||||||||||
Income tax expense at Parent (timing between quarters) | $0.07 | $0.04 | $0.03 | ||||||||
Total Non-regulated and Parent | $0.03 |
Utilities, ATC and Corporate Services | $3.40 - $3.60 |
Non-regulated and Parent | 0.05 - 0.15 |
Alliant Energy Consolidated | $3.45 - $3.75 |
• | Ability of IPL and WPL to earn their authorized rates of return |
• | Stable economy and resulting implications on utility sales |
• | Normal temperatures and operating conditions in its utility service territories |
• | Continuing cost controls and operational efficiencies |
• | Execution of IPL’s and WPL’s capital expenditure and financing plans |
• | Consolidated effective tax rate of 16% |
• | federal and state regulatory or governmental actions, including the impact of energy, tax, financial and health care legislation, and regulatory agency orders; |
• | IPL’s and WPL’s ability to obtain adequate and timely rate relief to allow for, among other things, the recovery of fuel costs, operating costs, transmission costs, deferred expenditures, capital expenditures, and remaining costs related to electric generating units (EGUs) that may be permanently closed, earning their authorized rates of return, and the payments to their parent of expected levels of dividends; |
• | the ability to continue cost controls and operational efficiencies; |
• | the impact of IPL’s retail electric base rate freeze in Iowa during 2015 and 2016; |
• | the impact of WPL’s retail electric and gas base rate freeze in Wisconsin during 2015 and 2016; |
• | weather effects on results of utility operations, including impacts of temperature changes in IPL’s and WPL’s service territories on customers’ demand for electricity and gas; |
• | the impact of the economy in IPL’s and WPL’s service territories and the resulting impacts on sales volumes, margins and the ability to collect unpaid bills; |
• | the impact of customer- and third party-owned generation, including alternative electric suppliers, in IPL’s and WPL’s service territories on system reliability, operating expenses and customers’ demand for electricity; |
• | the impact of energy efficiency, franchise retention, customer- and third party-owned generation and customer disconnects on sales volumes and margins; |
• | the impact that price changes may have on IPL’s and WPL’s customers’ demand for electric, gas and steam services and their ability to pay their bills; |
• | developments that adversely impact the ability to implement the strategic plan, including unanticipated issues with new emission controls equipment for various coal-fired EGUs of IPL and WPL, IPL’s construction of the Marshalltown Generating Station, WPL’s proposed Riverside Energy Center expansion, various replacements and expansion of IPL’s and WPL’s natural gas distribution systems, Alliant Energy Resources, LLC’s electricity output and selling price of such output from its Franklin County wind project, and the potential decommissioning of certain EGUs of IPL and WPL; |
• | issues related to the availability and operations of EGUs, including start-up risks, breakdown or failure of equipment, performance below expected or contracted levels of output or efficiency, operator error, transmission constraints, compliance with mandatory reliability standards and risks related to recovery of resulting incremental costs through rates; |
• | disruptions in the supply and delivery of coal, natural gas and purchased electricity; |
• | changes in the price of delivered coal, natural gas and purchased electricity due to shifts in supply and demand caused by market conditions and regulations, and the ability to recover and to retain the recovery of related changes in purchased power, fuel and fuel-related costs through rates in a timely manner; |
• | impacts on equity income from unconsolidated investments due to anticipated changes to ATC’s authorized return on equity; |
• | issues associated with environmental remediation and environmental compliance, including compliance with the Consent Decree between WPL, the U.S. Environmental Protection Agency (EPA) and the Sierra Club, the Consent Decree between IPL, the EPA, the Sierra Club, the State of Iowa and Linn County in Iowa, the coal combustion residuals rule, future changes in environmental laws and regulations, including the EPA’s regulations for carbon dioxide emissions reductions from new and existing fossil-fueled EGUs, and litigation associated with environmental requirements; |
• | the ability to defend against environmental claims brought by state and federal agencies, such as the EPA, state natural resources agencies or third parties, such as the Sierra Club, and the impact on operating expenses of defending and resolving such claims; |
• | the ability to recover through rates all environmental compliance and remediation costs, including costs for projects put on hold due to uncertainty of future environmental laws and regulations; |
• | impacts that storms or natural disasters in IPL’s and WPL’s service territories may have on their operations and recovery of, and rate relief for, costs associated with restoration activities; |
• | the direct or indirect effects resulting from terrorist incidents, including physical attacks and cyber attacks, or responses to such incidents; |
• | the impact of penalties or third-party claims related to, or in connection with, a failure to maintain the security of personally identifiable information, including associated costs to notify affected persons and to mitigate their information security concerns; |
• | the direct or indirect effects resulting from breakdown or failure of equipment in the operation of natural gas distribution systems, such as leaks, explosions and mechanical problems, and compliance with natural gas distribution safety regulations, such as those that may be issued by the Pipeline and Hazardous Materials Safety Administration; |
• | risks associated with implementing a new customer billing and information system currently expected by the end of the first quarter of 2016; |
• | impacts of IPL’s future tax benefits from Iowa rate-making practices, including deductions for repairs expenditures and allocation of mixed service costs, and recoverability of the associated regulatory assets from customers, when the differences reverse in future periods; |
• | any material post-closing adjustments related to any past asset divestitures, including the sales of IPL’s Minnesota electric and natural gas distribution assets and RMT, Inc., which could result from, among other things, warranties, parental guarantees or litigation; |
• | continued access to the capital markets on competitive terms and rates, and the actions of credit rating agencies; |
• | inflation and interest rates; |
• | changes to the creditworthiness of counterparties with which Alliant Energy, IPL and WPL have contractual arrangements, including participants in the energy markets and fuel suppliers and transporters; |
• | issues related to electric transmission, including operating in Regional Transmission Organization energy and ancillary services markets, the impacts of potential future billing adjustments and cost allocation changes from Regional Transmission Organizations and recovery of costs incurred; |
• | current or future litigation, regulatory investigations, proceedings or inquiries, including the flood damage lawsuit pending against CRANDIC; |
• | Alliant Energy’s ability to sustain its dividend payout ratio goal; |
• | employee workforce factors, including changes in key executives, collective bargaining agreements and negotiations, work stoppages or restructurings; |
• | access to technological developments; |
• | adverse developments in the food manufacturing industry, including animal flu and other illnesses; |
• | changes in technology that alter the channels through which electric customers buy or utilize power; |
• | material changes in retirement and benefit plan costs; |
• | the impact of performance-based compensation plans accruals; |
• | the effect of accounting pronouncements issued periodically by standard-setting bodies, including a new revenue recognition standard, which is currently expected to be adopted in 2018; |
• | the impact of changes to production tax credits for wind projects; |
• | the impact of adjustments made to deferred tax assets and liabilities from state apportionment assumptions; |
• | the ability to utilize tax credits and net operating losses generated to date, and those that may be generated in the future, before they expire; |
• | the ability to successfully complete tax audits and changes in tax accounting methods, including changes required by new tangible property regulations with no material impact on earnings and cash flows; and |
• | factors listed in the “2015 Earnings Guidance” section of this press release. |
EPS: | Three Months | ||||||||||||||||||||||
GAAP EPS | Adjustments | Non-GAAP EPS | |||||||||||||||||||||
2015 | 2014 | 2015 | 2014 | 2015 | 2014 | ||||||||||||||||||
IPL | $0.15 | $0.17 | $0.06 | $— | $0.21 | $0.17 | |||||||||||||||||
WPL | 0.34 | 0.31 | — | — | 0.34 | 0.31 | |||||||||||||||||
AE Transco Investments, LLC and Corporate Services | 0.03 | 0.02 | — | — | 0.03 | 0.02 | |||||||||||||||||
Subtotal for Utilities, ATC and Corporate Services | 0.52 | 0.50 | 0.06 | — | 0.58 | 0.50 | |||||||||||||||||
Non-regulated and Parent | 0.09 | 0.06 | — | — | 0.09 | 0.06 | |||||||||||||||||
EPS from continuing operations | 0.61 | 0.56 | 0.06 | — | 0.67 | 0.56 | |||||||||||||||||
EPS from discontinued operations | (0.01 | ) | — | — | — | (0.01 | ) | — | |||||||||||||||
Alliant Energy Consolidated | $0.60 | $0.56 | $0.06 | $— | $0.66 | $0.56 |
Earnings (in millions): | Three Months | ||||||||||||||||||||||
GAAP Income (Loss) | Adjustments | Non-GAAP Income (Loss) | |||||||||||||||||||||
2015 | 2014 | 2015 | 2014 | 2015 | 2014 | ||||||||||||||||||
IPL | $16.7 | $18.4 | $6.8 | $— | $23.5 | $18.4 | |||||||||||||||||
WPL | 39.0 | 34.6 | — | — | 39.0 | 34.6 | |||||||||||||||||
AE Transco Investments, LLC and Corporate Services | 3.2 | 2.3 | — | — | 3.2 | 2.3 | |||||||||||||||||
Subtotal for Utilities, ATC and Corporate Services | 58.9 | 55.3 | 6.8 | — | 65.7 | 55.3 | |||||||||||||||||
Non-regulated and Parent | 10.0 | 6.8 | — | — | 10.0 | 6.8 | |||||||||||||||||
Earnings from continuing operations | 68.9 | 62.1 | 6.8 | — | 75.7 | 62.1 | |||||||||||||||||
Loss from discontinued operations | (1.3 | ) | (0.3 | ) | — | — | (1.3 | ) | (0.3 | ) | |||||||||||||
Alliant Energy Consolidated | $67.6 | $61.8 | $6.8 | $— | $74.4 | $61.8 |
EPS: | Six Months | ||||||||||||||||||||||
GAAP EPS | Adjustments | Non-GAAP EPS | |||||||||||||||||||||
2015 | 2014 | 2015 | 2014 | 2015 | 2014 | ||||||||||||||||||
IPL | $0.57 | $0.56 | $0.06 | $— | $0.63 | $0.56 | |||||||||||||||||
WPL | 0.74 | 0.80 | — | — | 0.74 | 0.80 | |||||||||||||||||
AE Transco Investments, LLC and Corporate Services | 0.06 | 0.04 | — | — | 0.06 | 0.04 | |||||||||||||||||
Subtotal for Utilities, ATC and Corporate Services | 1.37 | 1.40 | 0.06 | — | 1.43 | 1.40 | |||||||||||||||||
Non-regulated and Parent | 0.10 | 0.13 | — | — | 0.10 | 0.13 | |||||||||||||||||
EPS from continuing operations | 1.47 | 1.53 | 0.06 | — | 1.53 | 1.53 | |||||||||||||||||
EPS from discontinued operations | (0.01 | ) | — | — | — | (0.01 | ) | — | |||||||||||||||
Alliant Energy Consolidated | $1.46 | $1.53 | $0.06 | $— | $1.52 | $1.53 |
Earnings (in millions): | Six Months | ||||||||||||||||||||||
GAAP Income (Loss) | Adjustments | Non-GAAP Income (Loss) | |||||||||||||||||||||
2015 | 2014 | 2015 | 2014 | 2015 | 2014 | ||||||||||||||||||
IPL | $64.5 | $61.8 | $6.8 | $— | $71.3 | $61.8 | |||||||||||||||||
WPL | 83.6 | 89.4 | — | — | 83.6 | 89.4 | |||||||||||||||||
AE Transco Investments, LLC and Corporate Services | 6.0 | 4.4 | — | — | 6.0 | 4.4 | |||||||||||||||||
Subtotal for Utilities, ATC and Corporate Services | 154.1 | 155.6 | 6.8 | — | 160.9 | 155.6 | |||||||||||||||||
Non-regulated and Parent | 11.4 | 14.5 | — | — | 11.4 | 14.5 | |||||||||||||||||
Earnings from continuing operations | 165.5 | 170.1 | 6.8 | — | 172.3 | 170.1 | |||||||||||||||||
Loss from discontinued operations | (1.3 | ) | (0.3 | ) | — | — | (1.3 | ) | (0.3 | ) | |||||||||||||
Alliant Energy Consolidated | $164.2 | $169.8 | $6.8 | $— | $171.0 | $169.8 |
ALLIANT ENERGY CORPORATION | |||||||||||||||
CONSOLIDATED STATEMENTS OF INCOME (Unaudited) | |||||||||||||||
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||
2015 | 2014 | 2015 | 2014 | ||||||||||||
(in millions, except per share amounts) | |||||||||||||||
Operating revenues: | |||||||||||||||
Utility: | |||||||||||||||
Electric | $640.4 | $643.9 | $1,311.7 | $1,319.7 | |||||||||||
Gas | 51.7 | 76.9 | 250.1 | 317.6 | |||||||||||
Other | 14.8 | 15.6 | 31.2 | 38.4 | |||||||||||
Non-regulated | 10.3 | 13.9 | 21.6 | 27.4 | |||||||||||
717.2 | 750.3 | 1,614.6 | 1,703.1 | ||||||||||||
Operating expenses: | |||||||||||||||
Utility: | |||||||||||||||
Electric production fuel and purchased power | 185.2 | 214.1 | 401.1 | 452.8 | |||||||||||
Electric transmission service | 116.9 | 105.5 | 240.1 | 219.6 | |||||||||||
Cost of gas sold | 21.9 | 45.0 | 152.7 | 206.9 | |||||||||||
Other operation and maintenance: | |||||||||||||||
Energy efficiency costs | 12.2 | 20.9 | 29.2 | 51.7 | |||||||||||
Losses on sales of Minnesota electric and gas distribution assets | 11.6 | — | 11.6 | — | |||||||||||
Other | 133.5 | 139.8 | 263.1 | 270.0 | |||||||||||
Non-regulated operation and maintenance | — | 1.8 | 1.3 | 3.1 | |||||||||||
Depreciation and amortization | 100.4 | 95.8 | 200.6 | 191.3 | |||||||||||
Taxes other than income taxes | 26.5 | 24.1 | 53.0 | 50.2 | |||||||||||
608.2 | 647.0 | 1,352.7 | 1,445.6 | ||||||||||||
Operating income | 109.0 | 103.3 | 261.9 | 257.5 | |||||||||||
Interest expense and other: | |||||||||||||||
Interest expense | 46.5 | 45.1 | 93.1 | 90.3 | |||||||||||
Equity income from unconsolidated investments, net | (11.3 | ) | (11.3 | ) | (17.8 | ) | (22.7 | ) | |||||||
Allowance for funds used during construction | (8.6 | ) | (8.4 | ) | (15.4 | ) | (17.5 | ) | |||||||
Interest income and other | (0.2 | ) | 0.1 | (0.3 | ) | (1.6 | ) | ||||||||
26.4 | 25.5 | 59.6 | 48.5 | ||||||||||||
Income from continuing operations before income taxes | 82.6 | 77.8 | 202.3 | 209.0 | |||||||||||
Income taxes | 11.2 | 13.2 | 31.7 | 33.8 | |||||||||||
Income from continuing operations, net of tax | 71.4 | 64.6 | 170.6 | 175.2 | |||||||||||
Loss from discontinued operations, net of tax | (1.3 | ) | (0.3 | ) | (1.3 | ) | (0.3 | ) | |||||||
Net income | 70.1 | 64.3 | 169.3 | 174.9 | |||||||||||
Preferred dividend requirements of IPL | 2.5 | 2.5 | 5.1 | 5.1 | |||||||||||
Net income attributable to Alliant Energy common shareowners | $67.6 | $61.8 | $164.2 | $169.8 | |||||||||||
Weighted average number of common shares outstanding (basic and diluted) | 113.1 | 110.8 | 112.1 | 110.8 | |||||||||||
Earnings per weighted average common share attributable to Alliant Energy common shareowners (basic and diluted): | |||||||||||||||
Income from continuing operations, net of tax | $0.61 | $0.56 | $1.47 | $1.53 | |||||||||||
Loss from discontinued operations, net of tax | (0.01 | ) | — | (0.01 | ) | — | |||||||||
Net income | $0.60 | $0.56 | $1.46 | $1.53 | |||||||||||
Amounts attributable to Alliant Energy common shareowners: | |||||||||||||||
Income from continuing operations, net of tax | $68.9 | $62.1 | $165.5 | $170.1 | |||||||||||
Loss from discontinued operations, net of tax | (1.3 | ) | (0.3 | ) | (1.3 | ) | (0.3 | ) | |||||||
Net income | $67.6 | $61.8 | $164.2 | $169.8 | |||||||||||
Dividends declared per common share | $0.55 | $0.51 | $1.10 | $1.02 |
ALLIANT ENERGY CORPORATION | |||||||
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) | |||||||
June 30, 2015 | December 31, 2014 | ||||||
(in millions) | |||||||
ASSETS: | |||||||
Current assets: | |||||||
Cash and cash equivalents | $54.8 | $56.9 | |||||
Other current assets | 989.1 | 986.2 | |||||
Property, plant and equipment, net | 9,173.5 | 8,938.4 | |||||
Investments | 349.9 | 344.9 | |||||
Other assets | 1,745.0 | 1,759.5 | |||||
Total assets | $12,312.3 | $12,085.9 | |||||
LIABILITIES AND EQUITY: | |||||||
Current liabilities: | |||||||
Current maturities of long-term debt | $33.5 | $183.0 | |||||
Commercial paper | 120.9 | 141.3 | |||||
Other current liabilities | 837.1 | 890.4 | |||||
Long-term debt, net (excluding current portion) | 3,717.4 | 3,606.7 | |||||
Other liabilities | 3,781.7 | 3,624.0 | |||||
Equity: | |||||||
Alliant Energy Corporation common equity | 3,620.8 | 3,438.7 | |||||
Cumulative preferred stock of IPL | 200.0 | 200.0 | |||||
Noncontrolling interest | 0.9 | 1.8 | |||||
Total equity | 3,821.7 | 3,640.5 | |||||
Total liabilities and equity | $12,312.3 | $12,085.9 |
ALLIANT ENERGY CORPORATION | |||||||
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) | |||||||
Six Months Ended June 30, | |||||||
2015 | 2014 | ||||||
(in millions) | |||||||
Cash flows from operating activities | $517.3 | $448.2 | |||||
Cash flows used for investing activities: | |||||||
Construction and acquisition expenditures: | |||||||
Utility business | (436.2 | ) | (332.6 | ) | |||
Alliant Energy Corporate Services, Inc. and non-regulated businesses | (32.2 | ) | (31.9 | ) | |||
Other | (1.9 | ) | (4.5 | ) | |||
Net cash flows used for investing activities | (470.3 | ) | (369.0 | ) | |||
Cash flows used for financing activities: | |||||||
Common stock dividends | (122.9 | ) | (112.9 | ) | |||
Proceeds from issuance of common stock, net | 139.5 | — | |||||
Payments to retire long-term debt | (151.4 | ) | (0.8 | ) | |||
Net change in commercial paper | 90.8 | 28.5 | |||||
Other | (5.1 | ) | 12.4 | ||||
Net cash flows used for financing activities | (49.1 | ) | (72.8 | ) | |||
Net increase (decrease) in cash and cash equivalents | (2.1 | ) | 6.4 | ||||
Cash and cash equivalents at beginning of period | 56.9 | 9.8 | |||||
Cash and cash equivalents at end of period | $54.8 | $16.2 |
June 30, 2015 | June 30, 2014 | ||||||
Common shares outstanding (000s) | 113,264 | 110,936 | |||||
Book value per share | $31.97 | $30.08 | |||||
Quarterly common dividend rate per share | $0.55 | $0.51 |
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||
2015 | 2014 | 2015 | 2014 | ||||||||||||
Utility electric sales (000s of MWh) | |||||||||||||||
Residential | 1,580 | 1,661 | 3,632 | 3,885 | |||||||||||
Commercial | 1,526 | 1,523 | 3,122 | 3,177 | |||||||||||
Industrial | 2,966 | 2,958 | 5,826 | 5,782 | |||||||||||
Retail subtotal | 6,072 | 6,142 | 12,580 | 12,844 | |||||||||||
Sales for resale: | |||||||||||||||
Wholesale | 771 | 852 | 1,635 | 1,788 | |||||||||||
Bulk power and other | 255 | 106 | 673 | 196 | |||||||||||
Other | 37 | 36 | 74 | 78 | |||||||||||
Total | 7,135 | 7,136 | 14,962 | 14,906 | |||||||||||
Utility retail electric customers (at June 30) | |||||||||||||||
Residential | 851,999 | 847,733 | |||||||||||||
Commercial | 139,367 | 138,757 | |||||||||||||
Industrial | 2,886 | 2,870 | |||||||||||||
Total | 994,252 | 989,360 | |||||||||||||
Utility gas sold and transported (000s of Dth) | |||||||||||||||
Residential | 3,285 | 4,060 | 18,271 | 20,895 | |||||||||||
Commercial | 2,695 | 3,137 | 12,263 | 13,712 | |||||||||||
Industrial | 528 | 634 | 1,551 | 1,757 | |||||||||||
Retail subtotal | 6,508 | 7,831 | 32,085 | 36,364 | |||||||||||
Transportation / other | 15,854 | 13,583 | 38,441 | 31,611 | |||||||||||
Total | 22,362 | 21,414 | 70,526 | 67,975 | |||||||||||
Utility retail gas customers (at June 30) (a) | |||||||||||||||
Residential | 364,254 | 370,431 | |||||||||||||
Commercial | 44,799 | 45,774 | |||||||||||||
Industrial | 395 | 433 | |||||||||||||
Total | 409,448 | 416,638 | |||||||||||||
Estimated margin increases (decreases) from impacts of temperatures (in millions) - | |||||||||||||||
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||
2015 | 2014 | 2015 | 2014 | ||||||||||||
Electric margins | ($4 | ) | $5 | $1 | $18 | ||||||||||
Gas margins | (1 | ) | (1 | ) | 2 | 8 | |||||||||
Total temperature impact on margins | ($5 | ) | $4 | $3 | $26 |
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||
2015 | 2014 | Normal (b) | 2015 | 2014 | Normal (b) | ||||||||||||
Heating degree days (HDDs) (b) | |||||||||||||||||
Cedar Rapids, Iowa (IPL) | 582 | 711 | 701 | 4,272 | 4,903 | 4,118 | |||||||||||
Madison, Wisconsin (WPL) | 721 | 797 | 833 | 4,555 | 5,072 | 4,339 | |||||||||||
Cooling degree days (CDDs) (b) | |||||||||||||||||
Cedar Rapids, Iowa (IPL) | 200 | 263 | 219 | 200 | 263 | 221 | |||||||||||
Madison, Wisconsin (WPL) | 161 | 233 | 180 | 161 | 233 | 182 |
FOR IMMEDIATE RELEASE | Media Contact: | Scott Reigstad (608) 458-3145 | ||
Investor Contact: | Susan Gille (608) 458-3956 |
• | Watch your mail for the name and contact information of the cooperative that serves you. |
• | If you used Paperless Billing, watch your mail. Your final Alliant Energy bill will arrive in postal mail. It will not be sent electronically. |
• | Review any payment programs you were using, such as Budget Billing, Automatic Payment or Paperless Billing. After your service transfers and you have received a new account number, set aside time to re-enroll with your new cooperative. |
BENCO Electric Cooperative | benco.org | 888-792-3626 |
Brown County Rural Electrical Association | browncountyrea.coop | 800-658-2368 |
Federated Rural Electric | federatedrea.coop | 800-321-3520 |
Freeborn- Mower Cooperative Services | fmcs.coop | 800-734-6421 |
Minnesota Valley Electric Cooperative | mvec.net | 952-492-2313 |
Nobles Cooperative Electric | noblesce.coop | 800-776-0517 |
People’s Energy Cooperative | peoplesenergy.coop | 800-214-2694 |
Redwood Electric Cooperative | redwoodelectric.com | 888-251-5100 |
Sioux Valley Energy | siouxvalleyenergy.com | 800-234-1960 |
South Central Electric Association | southcentralelectric.com | 507-375-3164 |
Steele-Waseca Cooperative Electric | swce.coop | 800-526-3514 |
Tri-County Electric Cooperative. | tec.coop | 800-432-2285 |
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