SCHEDULE I - CONDENSED PARENT COMPANY FINANCIAL STATEMENTS

ALLIANT ENERGY CORPORATION (Parent Company Only)

CONDENSED STATEMENTS OF INCOME



	Year Ended December 31,
	2015			2014			2013
	(in millions)
Operating revenues		$2			$2			$2
Operating expenses	3			3			1
Operating income (loss)	(1		)	(1		)	1
Interest expense and other:
Equity earnings from consolidated subsidiaries	(379		)	(388		)	(361		)
Interest expense	3			9			11
Interest income	(3		)	(2		)	(2		)
Total interest expense and other	(379		)	(381		)	(352		)
Income before income taxes	378			380			353
Income tax benefit	(1		)	(3		)	(5		)
Net income		$379			$383			$358

The accompanying Notes to Condensed Financial Statements are an integral part of these statements.

ALLIANT ENERGY CORPORATION (Parent Company Only)

CONDENSED BALANCE SHEETS



	December 31,
	2015		2014
	(in millions)
ASSETS
Current assets:
Notes receivable from affiliated companies		$93		$95
Other	9		25
Total current assets	102		120
Investments:
Investments in consolidated subsidiaries	3,999		3,721
Other	14		15
Total investments	4,013		3,736
Other assets	20		10
Total assets		$4,135		$3,866



LIABILITIES AND EQUITY
Current liabilities:
Current maturities of long-term debt		$250			$—
Commercial paper	140			141
Other	12			29
Total current liabilities	402			170
Long-term debt, net (excluding current portion)	—			250
Other liabilities	12			11
Common equity:
Common stock and additional paid-in capital	1,664			1,510
Retained earnings	2,066			1,934
Shares in deferred compensation trust	(9		)	(9		)
Total common equity	3,721			3,435
Total liabilities and equity		$4,135			$3,866

The accompanying Notes to Condensed Financial Statements are an integral part of these statements.

ALLIANT ENERGY CORPORATION (Parent Company Only)

CONDENSED STATEMENTS OF CASH FLOWS



	Year Ended December 31,
	2015			2014			2013
	(in millions)
Net cash flows from operating activities		$262			$246			$238
Cash flows used for investing activities:
Capital contributions to consolidated subsidiaries	(165		)	(90		)	(120		)
Capital repayments from consolidated subsidiaries	—			50			95
Net change in notes receivable from affiliates	2			(23		)	5
Other	—			—			(2		)
Net cash flows used for investing activities	(163		)	(63		)	(22		)
Cash flows used for financing activities:
Common stock dividends	(247		)	(226		)	(208		)
Proceeds from issuance of common stock, net	151			—			—
Proceeds from issuance of long-term debt	—			250			—
Payments to retire long-term debt	—			(250		)	—
Net change in commercial paper	(1		)	45			(9		)
Other	(2		)	(2		)	1
Net cash flows used for financing activities	(99		)	(183		)	(216		)
Net decrease in cash and cash equivalents	—			—			—
Cash and cash equivalents at beginning of period	—			—			—
Cash and cash equivalents at end of period		$—			$—			$—
Supplemental cash flows information:
Cash paid during the period for:
Interest, net of capitalized interest		($3	)		($11	)		($13	)
Income taxes, net	(9		)	(5		)	(7		)

The accompanying Notes to Condensed Financial Statements are an integral part of these statements.

ALLIANT ENERGY CORPORATION

(Parent Company Only)

NOTES TO CONDENSED FINANCIAL STATEMENTS

Pursuant to rules and regulations of the SEC, the Condensed Financial Statements of Alliant Energy Corporation (Parent Company Only) do not reflect all of the information and notes normally included with financial statements prepared in accordance with GAAP. Therefore, these Condensed Financial Statements should be read in conjunction with the Financial Statements and related Notes included in Alliant Energy’s 2015 Form 10-K, Part II, Item 8, which is incorporated herein by reference.

In the Condensed Financial Statements of Alliant Energy Corporation (Parent Company Only), investments in subsidiaries are accounted for using the equity method.

Alliant Energy allocates income tax expense to its subsidiaries that are members of the group that file a consolidated or combined income tax return. In the fourth quarter of 2015, Alliant Energy changed its method of allocating income tax provisions and related deferred tax assets and liabilities to its subsidiaries from the parent-company-down approach to the modified separate return approach. The change was retrospectively applied to the Parent Company’s Condensed Financial Statements. This tax method change did not impact Alliant Energy’s consolidated financial statements. The change had no impact on Parent Company net income, but impacted the income tax provisions and the equity earnings from consolidated subsidiaries in the Parent Company Condensed Statements of Income, as well as investment in consolidated subsidiaries and deferred tax liabilities on the Parent Company Condensed Balance Sheets. Refer to Note 1(c) for additional information on the tax method change.