Common Equity And Preferred Stock

9 Months Ended

Sep. 30, 2011

Common Equity And Preferred Stock

(6) COMMON EQUITY AND PREFERRED STOCK

(a) Common Equity

Common Share Activity—A summary of Alliant Energy's common stock activity during the nine months ended Sep. 30, 2011 was as follows:

Shares outstanding, Jan. 1	110,893,901
Equity incentive plans (Note 5(b))	127,090
Other (a)	(39,480	)
Shares outstanding, Sep. 30	110,981,511

(a) Includes shares transferred from employees to Alliant Energy to satisfy tax withholding requirements in connection with the vesting of certain restricted stock under the equity incentive plans.

Dividend Restrictions—As of Sep. 30, 2011, IPL's amount of retained earnings that were free of dividend restrictions was $315 million. As of Sep. 30, 2011, WPL's amount of retained earnings that were free of dividend restrictions was $29 million for the remainder of 2011.

Restricted Net Assets of Subsidiaries—As of Sep. 30, 2011, the amount of net assets of IPL and WPL that were not available to be transferred to their parent company, Alliant Energy, in the form of loans, advances or cash dividends without the consent of IPL's and WPL's regulatory authorities was $1.0 billion and $1.4 billion, respectively.

Capital Transactions with Subsidiaries—During the nine months ended Sep. 30, 2011, WPL and Resources received capital contributions of $25.0 million and $65.0 million, respectively, from their parent company, Alliant Energy. During the nine months ended Sep. 30, 2011, IPL and WPL paid common stock dividends and repayments of capital to their parent as follows (in millions):

	IPL		WPL
Common stock dividends to Alliant Energy	$	43.7	$	83.3
Repayments of capital to Alliant Energy		100.7		—

In July 2008, the Federal Energy Regulatory Commission (FERC) issued an order allowing IPL to pay up to $400 million in common equity distributions from additional paid-in capital, rather than retained earnings. As of Sep. 30, 2011, IPL did not have any remaining authority under this FERC order.

(b) Preferred Stock—In April 2011, IPL redeemed all 1,600,000 outstanding shares of its 7.10% Series C Cumulative Preferred Stock at par value for $40.0 million plus accrued and unpaid dividends to the redemption date. Alliant Energy and IPL recorded a $1.5 million charge during the nine months ended Sep. 30, 2011 related to this transaction in "Preferred dividend requirements" in their Condensed Consolidated Statements of Income. Refer to Note 9 for information on the fair value of Alliant Energy's cumulative preferred stock of subsidiaries.

IPL [Member]

Common Equity And Preferred Stock

(6) COMMON EQUITY AND PREFERRED STOCK

(a) Common Equity

Common Share Activity—A summary of Alliant Energy's common stock activity during the nine months ended Sep. 30, 2011 was as follows:

Shares outstanding, Jan. 1	110,893,901
Equity incentive plans (Note 5(b))	127,090
Other (a)	(39,480	)
Shares outstanding, Sep. 30	110,981,511

(a) Includes shares transferred from employees to Alliant Energy to satisfy tax withholding requirements in connection with the vesting of certain restricted stock under the equity incentive plans.

Dividend Restrictions—As of Sep. 30, 2011, IPL's amount of retained earnings that were free of dividend restrictions was $315 million. As of Sep. 30, 2011, WPL's amount of retained earnings that were free of dividend restrictions was $29 million for the remainder of 2011.

Restricted Net Assets of Subsidiaries—As of Sep. 30, 2011, the amount of net assets of IPL and WPL that were not available to be transferred to their parent company, Alliant Energy, in the form of loans, advances or cash dividends without the consent of IPL's and WPL's regulatory authorities was $1.0 billion and $1.4 billion, respectively.

Capital Transactions with Subsidiaries—During the nine months ended Sep. 30, 2011, WPL and Resources received capital contributions of $25.0 million and $65.0 million, respectively, from their parent company, Alliant Energy. During the nine months ended Sep. 30, 2011, IPL and WPL paid common stock dividends and repayments of capital to their parent as follows (in millions):

	IPL		WPL
Common stock dividends to Alliant Energy	$	43.7	$	83.3
Repayments of capital to Alliant Energy		100.7		—

In July 2008, the Federal Energy Regulatory Commission (FERC) issued an order allowing IPL to pay up to $400 million in common equity distributions from additional paid-in capital, rather than retained earnings. As of Sep. 30, 2011, IPL did not have any remaining authority under this FERC order.

(b) Preferred Stock—In April 2011, IPL redeemed all 1,600,000 outstanding shares of its 7.10% Series C Cumulative Preferred Stock at par value for $40.0 million plus accrued and unpaid dividends to the redemption date. Alliant Energy and IPL recorded a $1.5 million charge during the nine months ended Sep. 30, 2011 related to this transaction in "Preferred dividend requirements" in their Condensed Consolidated Statements of Income. Refer to Note 9 for information on the fair value of Alliant Energy's cumulative preferred stock of subsidiaries.

WPL [Member]

Common Equity And Preferred Stock

(6) COMMON EQUITY AND PREFERRED STOCK

(a) Common Equity

Common Share Activity—A summary of Alliant Energy's common stock activity during the nine months ended Sep. 30, 2011 was as follows:

Shares outstanding, Jan. 1	110,893,901
Equity incentive plans (Note 5(b))	127,090
Other (a)	(39,480	)
Shares outstanding, Sep. 30	110,981,511

(a) Includes shares transferred from employees to Alliant Energy to satisfy tax withholding requirements in connection with the vesting of certain restricted stock under the equity incentive plans.

Dividend Restrictions—As of Sep. 30, 2011, IPL's amount of retained earnings that were free of dividend restrictions was $315 million. As of Sep. 30, 2011, WPL's amount of retained earnings that were free of dividend restrictions was $29 million for the remainder of 2011.

Restricted Net Assets of Subsidiaries—As of Sep. 30, 2011, the amount of net assets of IPL and WPL that were not available to be transferred to their parent company, Alliant Energy, in the form of loans, advances or cash dividends without the consent of IPL's and WPL's regulatory authorities was $1.0 billion and $1.4 billion, respectively.

Capital Transactions with Subsidiaries—During the nine months ended Sep. 30, 2011, WPL and Resources received capital contributions of $25.0 million and $65.0 million, respectively, from their parent company, Alliant Energy. During the nine months ended Sep. 30, 2011, IPL and WPL paid common stock dividends and repayments of capital to their parent as follows (in millions):

	IPL		WPL
Common stock dividends to Alliant Energy	$	43.7	$	83.3
Repayments of capital to Alliant Energy		100.7		—

In July 2008, the Federal Energy Regulatory Commission (FERC) issued an order allowing IPL to pay up to $400 million in common equity distributions from additional paid-in capital, rather than retained earnings. As of Sep. 30, 2011, IPL did not have any remaining authority under this FERC order.

(b) Preferred Stock—In April 2011, IPL redeemed all 1,600,000 outstanding shares of its 7.10% Series C Cumulative Preferred Stock at par value for $40.0 million plus accrued and unpaid dividends to the redemption date. Alliant Energy and IPL recorded a $1.5 million charge during the nine months ended Sep. 30, 2011 related to this transaction in "Preferred dividend requirements" in their Condensed Consolidated Statements of Income. Refer to Note 9 for information on the fair value of Alliant Energy's cumulative preferred stock of subsidiaries.