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Property, Plant and Equipment
 12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Line Items]  
Property, Plant and Equipment PROPERTY, PLANT AND EQUIPMENT
At December 31, details of property, plant and equipment on the balance sheets were as follows (in millions):
Alliant EnergyIPLWPL
202220212022202120222021
Utility:
Electric plant:
Generation in service$8,060 $7,539 $4,962 $4,922 $3,098 $2,617 
Distribution in service6,912 6,537 3,876 3,652 3,036 2,885 
Other in service543 540 354 363 189 177 
Anticipated to be retired early (a)2,103 2,094 491 487 1,612 1,607 
Total electric plant17,618 16,710 9,683 9,424 7,935 7,286 
Gas plant in service1,705 1,636 910878 795 758 
Other plant in service624 621 402398 222 223 
Accumulated depreciation(5,690)(5,263)(3,149)(2,897)(2,541)(2,366)
Net plant14,257 13,704 7,846 7,803 6,411 5,901 
Leased Sheboygan Falls Energy Facility, net (b)— — — — 15 21 
Leased land for solar generation, net133 11 — — 133 11 
Construction work in progress1,357 778 194174 1,163 604 
Other, net6 7 6 6 — 1 
Total utility15,753 14,500 8,046 7,983 7,722 6,538 
Non-utility and other:
Non-utility Generation, net (c)71 75 — — — — 
Corporate Services and other, net (d)423412 — — — — 
Total non-utility and other494 487 — — — — 
Total property, plant and equipment$16,247 $14,987 $8,046 $7,983 $7,722 $6,538 

(a)In 2020, IPL and WPL received approval from MISO to retire Lansing and Edgewater Unit 5, respectively, and currently anticipate retiring Lansing in the first half of 2023 and Edgewater Unit 5 by June 1, 2025. In 2021, WPL received approval from MISO to retire Columbia Units 1 and 2, and currently anticipates retiring Columbia Units 1 and 2 by June 1, 2026. Alliant Energy and IPL concluded that Lansing, and Alliant Energy and WPL concluded that Edgewater Unit 5 and Columbia Units 1 and 2, met the criteria to be considered probable of abandonment as of December 31, 2022. IPL and WPL are currently allowed a full recovery of and a full return on its respective EGUs from both its retail and wholesale customers, and as a result, Alliant Energy, IPL and WPL concluded that no disallowance was required as of December 31, 2022. As of December 31, 2022, net book values were $233 million for Lansing, $511 million for Edgewater Unit 5, and $440 million for Columbia Units 1 and 2 in aggregate.
(b)Less accumulated amortization of $106 million and $100 million for WPL as of December 31, 2022 and 2021, respectively. For Alliant Energy, the leased Sheboygan Falls Energy Facility is eliminated upon consolidation and is included in the “Non-utility Generation, net” line within Alliant Energy’s consolidated property, plant and equipment.
(c)Less accumulated depreciation of $71 million and $67 million for Alliant Energy as of December 31, 2022 and 2021, respectively.
(d)Less accumulated depreciation of $269 million and $245 million for Alliant Energy as of December 31, 2022 and 2021, respectively.

AFUDC - AFUDC represents costs to finance construction additions, including a return on equity component and cost of debt component as required by regulatory accounting. The concurrent credit for the amount of AFUDC capitalized is recorded as “Allowance for funds used during construction” in the income statements. The amount of AFUDC generated by equity and debt components was as follows (in millions):
Alliant EnergyIPLWPL
202220212020202220212020202220212020
Equity$44$18$39$8$7$17$36$11$22
Debt167163271359
$60$25$55$11$9$24$49$16$31

Non-utility and Other - The non-utility and other property, plant and equipment recorded on Alliant Energy’s balance sheets include the following:

Non-utility Generation - The Sheboygan Falls Energy Facility was placed in service in 2005 and is depreciated using the straight-line method over a 35-year period.
Corporate Services and Other - Property, plant and equipment related to Corporate Services include a customer billing and information system for IPL and WPL and other computer software, and the corporate headquarters building located in Madison, Wisconsin. The customer billing and information system is amortized using the straight-line method over a 12-year period. The majority of the remaining software is amortized over a 5-year period. Other property, plant and equipment include Travero assets (a short-line rail freight service in Iowa; a Mississippi River barge, rail and truck freight terminal in Illinois; and a rail-served warehouse in Iowa). All Corporate Services and Other property, plant and equipment are depreciated using the straight-line method over periods ranging from 5 to 30 years.
IPL [Member]  
Property, Plant and Equipment [Line Items]  
Property, Plant and Equipment PROPERTY, PLANT AND EQUIPMENT
At December 31, details of property, plant and equipment on the balance sheets were as follows (in millions):
Alliant EnergyIPLWPL
202220212022202120222021
Utility:
Electric plant:
Generation in service$8,060 $7,539 $4,962 $4,922 $3,098 $2,617 
Distribution in service6,912 6,537 3,876 3,652 3,036 2,885 
Other in service543 540 354 363 189 177 
Anticipated to be retired early (a)2,103 2,094 491 487 1,612 1,607 
Total electric plant17,618 16,710 9,683 9,424 7,935 7,286 
Gas plant in service1,705 1,636 910878 795 758 
Other plant in service624 621 402398 222 223 
Accumulated depreciation(5,690)(5,263)(3,149)(2,897)(2,541)(2,366)
Net plant14,257 13,704 7,846 7,803 6,411 5,901 
Leased Sheboygan Falls Energy Facility, net (b)— — — — 15 21 
Leased land for solar generation, net133 11 — — 133 11 
Construction work in progress1,357 778 194174 1,163 604 
Other, net6 7 6 6 — 1 
Total utility15,753 14,500 8,046 7,983 7,722 6,538 
Non-utility and other:
Non-utility Generation, net (c)71 75 — — — — 
Corporate Services and other, net (d)423412 — — — — 
Total non-utility and other494 487 — — — — 
Total property, plant and equipment$16,247 $14,987 $8,046 $7,983 $7,722 $6,538 

(a)In 2020, IPL and WPL received approval from MISO to retire Lansing and Edgewater Unit 5, respectively, and currently anticipate retiring Lansing in the first half of 2023 and Edgewater Unit 5 by June 1, 2025. In 2021, WPL received approval from MISO to retire Columbia Units 1 and 2, and currently anticipates retiring Columbia Units 1 and 2 by June 1, 2026. Alliant Energy and IPL concluded that Lansing, and Alliant Energy and WPL concluded that Edgewater Unit 5 and Columbia Units 1 and 2, met the criteria to be considered probable of abandonment as of December 31, 2022. IPL and WPL are currently allowed a full recovery of and a full return on its respective EGUs from both its retail and wholesale customers, and as a result, Alliant Energy, IPL and WPL concluded that no disallowance was required as of December 31, 2022. As of December 31, 2022, net book values were $233 million for Lansing, $511 million for Edgewater Unit 5, and $440 million for Columbia Units 1 and 2 in aggregate.
(b)Less accumulated amortization of $106 million and $100 million for WPL as of December 31, 2022 and 2021, respectively. For Alliant Energy, the leased Sheboygan Falls Energy Facility is eliminated upon consolidation and is included in the “Non-utility Generation, net” line within Alliant Energy’s consolidated property, plant and equipment.
(c)Less accumulated depreciation of $71 million and $67 million for Alliant Energy as of December 31, 2022 and 2021, respectively.
(d)Less accumulated depreciation of $269 million and $245 million for Alliant Energy as of December 31, 2022 and 2021, respectively.

AFUDC - AFUDC represents costs to finance construction additions, including a return on equity component and cost of debt component as required by regulatory accounting. The concurrent credit for the amount of AFUDC capitalized is recorded as “Allowance for funds used during construction” in the income statements. The amount of AFUDC generated by equity and debt components was as follows (in millions):
Alliant EnergyIPLWPL
202220212020202220212020202220212020
Equity$44$18$39$8$7$17$36$11$22
Debt167163271359
$60$25$55$11$9$24$49$16$31
WPL [Member]  
Property, Plant and Equipment [Line Items]  
Property, Plant and Equipment PROPERTY, PLANT AND EQUIPMENT
At December 31, details of property, plant and equipment on the balance sheets were as follows (in millions):
Alliant EnergyIPLWPL
202220212022202120222021
Utility:
Electric plant:
Generation in service$8,060 $7,539 $4,962 $4,922 $3,098 $2,617 
Distribution in service6,912 6,537 3,876 3,652 3,036 2,885 
Other in service543 540 354 363 189 177 
Anticipated to be retired early (a)2,103 2,094 491 487 1,612 1,607 
Total electric plant17,618 16,710 9,683 9,424 7,935 7,286 
Gas plant in service1,705 1,636 910878 795 758 
Other plant in service624 621 402398 222 223 
Accumulated depreciation(5,690)(5,263)(3,149)(2,897)(2,541)(2,366)
Net plant14,257 13,704 7,846 7,803 6,411 5,901 
Leased Sheboygan Falls Energy Facility, net (b)— — — — 15 21 
Leased land for solar generation, net133 11 — — 133 11 
Construction work in progress1,357 778 194174 1,163 604 
Other, net6 7 6 6 — 1 
Total utility15,753 14,500 8,046 7,983 7,722 6,538 
Non-utility and other:
Non-utility Generation, net (c)71 75 — — — — 
Corporate Services and other, net (d)423412 — — — — 
Total non-utility and other494 487 — — — — 
Total property, plant and equipment$16,247 $14,987 $8,046 $7,983 $7,722 $6,538 

(a)In 2020, IPL and WPL received approval from MISO to retire Lansing and Edgewater Unit 5, respectively, and currently anticipate retiring Lansing in the first half of 2023 and Edgewater Unit 5 by June 1, 2025. In 2021, WPL received approval from MISO to retire Columbia Units 1 and 2, and currently anticipates retiring Columbia Units 1 and 2 by June 1, 2026. Alliant Energy and IPL concluded that Lansing, and Alliant Energy and WPL concluded that Edgewater Unit 5 and Columbia Units 1 and 2, met the criteria to be considered probable of abandonment as of December 31, 2022. IPL and WPL are currently allowed a full recovery of and a full return on its respective EGUs from both its retail and wholesale customers, and as a result, Alliant Energy, IPL and WPL concluded that no disallowance was required as of December 31, 2022. As of December 31, 2022, net book values were $233 million for Lansing, $511 million for Edgewater Unit 5, and $440 million for Columbia Units 1 and 2 in aggregate.
(b)Less accumulated amortization of $106 million and $100 million for WPL as of December 31, 2022 and 2021, respectively. For Alliant Energy, the leased Sheboygan Falls Energy Facility is eliminated upon consolidation and is included in the “Non-utility Generation, net” line within Alliant Energy’s consolidated property, plant and equipment.
(c)Less accumulated depreciation of $71 million and $67 million for Alliant Energy as of December 31, 2022 and 2021, respectively.
(d)Less accumulated depreciation of $269 million and $245 million for Alliant Energy as of December 31, 2022 and 2021, respectively.

AFUDC - AFUDC represents costs to finance construction additions, including a return on equity component and cost of debt component as required by regulatory accounting. The concurrent credit for the amount of AFUDC capitalized is recorded as “Allowance for funds used during construction” in the income statements. The amount of AFUDC generated by equity and debt components was as follows (in millions):
Alliant EnergyIPLWPL
202220212020202220212020202220212020
Equity$44$18$39$8$7$17$36$11$22
Debt167163271359
$60$25$55$11$9$24$49$16$31