-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, AH111iwcd5JOByvrpFWaipSbNNg7wYUSHMgADFzpG5tLsV4vxRh6hRYOqRpTljLN fvD6lrJykTb6IK5ZnXz5nA== 0001193125-09-257665.txt : 20091222 0001193125-09-257665.hdr.sgml : 20091222 20091222105438 ACCESSION NUMBER: 0001193125-09-257665 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20091218 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20091222 DATE AS OF CHANGE: 20091222 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WISCONSIN POWER & LIGHT CO CENTRAL INDEX KEY: 0000107832 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 390714890 STATE OF INCORPORATION: WI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-00337 FILM NUMBER: 091254022 BUSINESS ADDRESS: STREET 1: 4902 NORTH BILTMORE LANE STREET 2: SUITE 1000 CITY: MADISON STATE: WI ZIP: 53718-2148 BUSINESS PHONE: 608-458-3311 MAIL ADDRESS: STREET 1: 4902 N BILTMORE LANE STREET 2: SUITE 1000 CITY: MADISON STATE: WI ZIP: 53718-2148 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALLIANT ENERGY CORP CENTRAL INDEX KEY: 0000352541 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 391380265 STATE OF INCORPORATION: WI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09894 FILM NUMBER: 091254021 BUSINESS ADDRESS: STREET 1: 4902 NORTH BILTMORE LANE STREET 2: SUITE 1000 CITY: MADISON STATE: WI ZIP: 53718-2148 BUSINESS PHONE: 608-458-3311 MAIL ADDRESS: STREET 1: 4902 NORTH BILTMORE LANE STREET 2: SUITE 1000 CITY: MADISON STATE: WI ZIP: 53718-2148 FORMER COMPANY: FORMER CONFORMED NAME: INTERSTATE ENERGY CORP DATE OF NAME CHANGE: 19980427 FORMER COMPANY: FORMER CONFORMED NAME: WPL HOLDINGS INC DATE OF NAME CHANGE: 19920703 8-K 1 d8k.htm FORM 8-K Form 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 18, 2009

 

Commission

File Number

  

Name of Registrant, State of Incorporation, Address of

Principal Executive Offices and Telephone Number

  

IRS Employer

Identification Number

1-9894   

Alliant Energy Corporation

(a Wisconsin corporation)

4902 N. Biltmore Lane

Madison, Wisconsin 53718

Telephone (608) 458-3311

   39-1380265
0-337   

Wisconsin Power and Light Company

(a Wisconsin corporation)

4902 N. Biltmore Lane

Madison, Wisconsin 53718

Telephone (608) 458-3311

   39-0714890

This combined Form 8-K is separately furnished by Alliant Energy Corporation and Wisconsin Power and Light Company.

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 


Item 7.01. Regulation FD Disclosure

On December 18, 2009, Wisconsin Power and Light Company (“WPL”) received the final written order from the Public Service Commission of Wisconsin (“PSCW”) related to its most recent retail electric and gas rate case. A summary of certain provisions of that order can be found posted to Alliant Energy Corporation’s website at www.alliantenergy.com and furnished as Exhibit 99.1 hereto. The full testimony of the filing will be available on the PSCW’s website at www.psc.wi.gov.

 

Item 9.01 Financial Statements and Exhibits

 

  (a) Not applicable.

 

  (b) Not applicable.

 

  (c) Not applicable.

 

  (d) Exhibits. The following exhibit is being furnished herewith:

(99.1) Summary of Wisconsin Power and Light Company’s Retail Electric and Gas Rate Case Order

Forward –Looking Statements

This Current Report on Form 8-K includes forward-looking statements. These forward-looking statements can be identified as such because the statements include expected recoveries and rate of returns in the rate order approved by the PSCW are forward-looking. Such statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those currently anticipated. Actual results could be affected by the following factors, among others:

 

   

state regulatory or governmental actions, and future regulatory proceedings;

 

   

WPL’s ability to obtain adequate and timely rate relief to allow for, among other things, the recovery of operating costs, capital expenditures and deferred expenditures, the earning of reasonable rates of return and the payment of expected levels of dividends;

 

   

economic and political conditions in WPL’s service territory; and

 

   

the impact fuel and fuel-related prices and the effectiveness of continued cost control efforts and operating efficiencies.

These factors should be considered when evaluating the forward-looking statements and undue reliance should not be placed on such statements. The forward-looking statements included herein are made as of the date hereof and Alliant Energy and WPL undertake no obligation to update publicly such statements to reflect subsequent events or circumstances.

 

2


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, Alliant Energy Corporation and Wisconsin Power and Light Company have each duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  ALLIANT ENERGY CORPORATION
Date: December 22, 2009   By:   /S/    PATRICIA L. KAMPLING
    Patricia L. Kampling
    Vice President-Chief Financial Officer and Treasurer
  WISCONSIN POWER AND LIGHT COMPANY
Date: December 22, 2009   By:   /S/    PATRICIA L. KAMPLING
    Patricia L. Kampling
    Vice President-Chief Financial Officer and Treasurer

 

3


EXHIBIT INDEX

 

Exhibit No.

  

Description

99.1

   Summary of Wisconsin Power and Light Company’s Retail Electric and Gas Rate Case Order

 

4

EX-99.1 2 dex991.htm SUMMARY OF WISCONSIN POWER AND LIGHT COMPANY'S RETAIL ELECTRIC AND GAS RATE Summary of Wisconsin Power and Light Company's Retail Electric and Gas Rate

Exhibit 99.1

Summary of Wisconsin Power and Light Company’s Retail Rate Case Decision

December 22, 2009

In May 2009, Wisconsin Power and Light Company (“WPL”) filed a retail electric and gas rate case with the Public Service Commission of Wisconsin (“PSCW”). On December 18, 2009, WPL received the final decision for the 2010 test year rate case from the PSCW. New rates will be in effect January 1, 2010. A summary of certain provisions of the filing and final order can be found posted to Alliant Energy Corporation’s website at www.alliantenergy.com and attached hereto as Exhibit 99.1. The full testimony of the filing is on the PSCW’s website at www.psc.wi.gov .

Details of WPL’s Rate Filing and Decision

 

   

Test Year:

WPL’s rate case filing is based on a 2010 forward looking test year.

 

   

Base Rates:

 

   

WPL requested an increase of $106.9 million (11.4%), which was comprised of a $98.9 million (10.6%) increase for retail electric service and a $8.0 million (3.4%) increase for retail gas service. The PSCW approved an increase of $58.6 million (6.3%) in retail electric rates and an increase of $5.6 (2.4%) in retail gas rates.

 

   

WPL new rates to be in effect January 1, 2010

 

   

Key drivers of the rate increase are shown in the table below

 

    

Amount of Increase

(dollars in millions)

     WPL Request    PSCW Approved

Lower retail sales, net of variable fuel costs

   $ 33.4    $ 24.1

Recovery of Bent Tree Costs During Construction

     31.1      13.7

Higher Pension Costs

     11.5      11.5

All other

     30.9      14.9
             
   $ 106.9    $ 64.2
             

 

   

Rate base and rate of return

 

   

Return on equity of 10.4%

 

   

Regulatory capital structure of 50.38% common equity, 43.30% long term debt, 3.87% short term debt and 2.45% preferred equity

 

   

Weighted average cost of capital of 8.18%

 

   

2010 average rate base of $1.38 billion for retail electric and $0.21 billion for retail gas


   

Bent Tree current return on construction work in progress (CWIP)

PSCW approved CWIP for the Bent Tree wind project in net investment rate base at 50% of the estimated CWIP balances. Bent Tree is a 200 MW renewable energy resource and is needed to meet future renewable standards for WPL.

 

   

All Other

The primary drivers of the “all other” category are working capital, rate base, transmission, conservation, depreciation and amortizations.

The approved ROE of 10.4% represents a 40 basis point reduction from WPL’s last authorized ROE of 10.8%.

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