Preferred Stock

12 Months Ended

Dec. 31, 2021

Preferred Stock

PREFERRED STOCK

IPL is authorized to issue up to 16,000,000 shares of cumulative preferred stock in aggregate. Information related to IPL’s cumulative preferred stock at December 31, 2020 was as follows (dollars in millions):

Series	Liquidation Preference/Stated Value	Shares Authorized	Shares Outstanding	Carrying Value
5.1%	$25	8,000,000	8,000,000	$200

In December 2021, IPL redeemed all 8,000,000 outstanding shares of its 5.1% cumulative preferred stock at the $25 per share par value for $200 million plus accrued and unpaid dividends up to the redemption date. In 2021, Alliant Energy and IPL recorded a $5 million non-cash charge related to this transaction in “Preferred dividend requirements” in their income statements.

IPL [Member]

Preferred Stock

PREFERRED STOCK

IPL is authorized to issue up to 16,000,000 shares of cumulative preferred stock in aggregate. Information related to IPL’s cumulative preferred stock at December 31, 2020 was as follows (dollars in millions):

Series	Liquidation Preference/Stated Value	Shares Authorized	Shares Outstanding	Carrying Value
5.1%	$25	8,000,000	8,000,000	$200

In December 2021, IPL redeemed all 8,000,000 outstanding shares of its 5.1% cumulative preferred stock at the $25 per share par value for $200 million plus accrued and unpaid dividends up to the redemption date. In 2021, Alliant Energy and IPL recorded a $5 million non-cash charge related to this transaction in “Preferred dividend requirements” in their income statements.