Asset Retirement Obligations (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of Asset Retirement Obligations [Line Items]

Reconciliation of Changes in Asset Retirement Obligations

A reconciliation of the changes in asset retirement obligations associated with long-lived assets for the nine months ended September 30, 2020 is as follows (in millions):

	Alliant Energy			IPL
Balance, January 1		$196			$134
Revisions in estimated cash flows	1			—
Liabilities settled	(7		)	(5		)
Liabilities incurred (a)	38			38
Accretion expense	5			4
Balance, September 30		$233			$171

(a)

During the nine months ended September 30, 2020, Alliant Energy and IPL recognized additional asset retirement obligations related to IPL’s newly constructed Whispering Willow North, Golden Plains and Richland wind sites. The increases in asset retirement obligations resulted in corresponding increases in property, plant and equipment, net on the respective balance sheets.

IPL [Member]

Schedule of Asset Retirement Obligations [Line Items]

Reconciliation of Changes in Asset Retirement Obligations

A reconciliation of the changes in asset retirement obligations associated with long-lived assets for the nine months ended September 30, 2020 is as follows (in millions):

	Alliant Energy			IPL
Balance, January 1		$196			$134
Revisions in estimated cash flows	1			—
Liabilities settled	(7		)	(5		)
Liabilities incurred (a)	38			38
Accretion expense	5			4
Balance, September 30		$233			$171

(a)

During the nine months ended September 30, 2020, Alliant Energy and IPL recognized additional asset retirement obligations related to IPL’s newly constructed Whispering Willow North, Golden Plains and Richland wind sites. The increases in asset retirement obligations resulted in corresponding increases in property, plant and equipment, net on the respective balance sheets.