Alliant Energy Corporation (LNT): Business Model Canvas

In der dynamischen Landschaft der Energiewende erweist sich die Alliant Energy Corporation als Vorreiter, der die komplexe Schnittstelle zwischen traditioneller Stromerzeugung und nachhaltiger Innovation strategisch ansteuert. Durch die sorgfältige Erstellung eines umfassenden Business Model Canvas demonstriert das Unternehmen einen komplexen Ansatz zur Bereitstellung zuverlässiger Elektrizität und verfolgt gleichzeitig aggressiv Lösungen für erneuerbare Energien. Von der Wind- und Solarinfrastruktur bis hin zu hochmodernen digitalen Energiemanagementplattformen definiert Alliant Energy neu, wie Versorgungsunternehmen gleichzeitig die Anforderungen der Verbraucher erfüllen, den technologischen Fortschritt vorantreiben und sich für ökologische Nachhaltigkeit einsetzen können – und macht ihr Geschäftsmodell zu einer überzeugenden Blaupause für moderne Energieunternehmen.

Alliant Energy Corporation (LNT) – Geschäftsmodell: Wichtige Partnerschaften

Hersteller von Geräten für erneuerbare Energien

Alliant Energy arbeitet mit wichtigen Herstellern von Geräten für erneuerbare Energien zusammen, um seine Infrastruktur für saubere Energie zu unterstützen:

Hersteller	Gerätetyp	Kapazitätsbeitrag
Vestas Windsysteme	Windkraftanlagen	350 MW
Erste Solar	Sonnenkollektoren	200 MW
GE Renewable Energy	Komponenten für Windkraftanlagen	250 MW

Kommunale und staatliche Versorgungsregulierungsbehörden

Die Zusammenarbeit mit Regulierungsbehörden umfasst:

• Iowa Utilities Board
• Kommission für den öffentlichen Dienst von Wisconsin
• Minnesota Public Utilities Commission

Entwickler von Wind- und Solarparks

Entwickler	Projektstandort	Erneuerbare Kapazität
NextEra-Energie	Iowa	500 MW
Invenergy	Wisconsin	300 MW

Anbieter von Netzinfrastrukturtechnologie

Zu den wichtigsten Technologiepartnern gehören:

• Siemens Grid Solutions
• ABB Power Grids
• Schneider Electric

Partner des Ladenetzwerks für Elektrofahrzeuge

Partner	Ladestationen	Abdeckungsbereich
ChargePoint	150 Stationen	Iowa und Wisconsin
EVgo	75 Stationen	Städtische Zentren

Alliant Energy Corporation (LNT) – Geschäftsmodell: Hauptaktivitäten

Stromerzeugung und -verteilung

Gesamte Stromerzeugungskapazität: 5.420 MW, Stand 2023

Generationsquelle	Kapazität (MW)	Prozentsatz
Erdgas	2,180	40.2%
Wind	1,670	30.8%
Kohle	1,240	22.9%
Solar	330	6.1%

Entwicklung der Infrastruktur für erneuerbare Energien

Investitionen in erneuerbare Energien: 1,2 Milliarden US-Dollar im Jahr 2023

• Geplanter Ausbau der Windkapazität: 500 MW bis 2025
• Solarprojektpipeline: 350 MW in Entwicklung
• Batteriespeicherprojekte: 100 MW geplant

Netzmodernisierung und -wartung

Jährliche Infrastrukturinvestition: 680 Millionen US-Dollar im Jahr 2023

Infrastrukturbereich	Investitionsbetrag
Upgrades von Übertragungsleitungen	240 Millionen Dollar
Smart-Grid-Technologie	180 Millionen Dollar
Verbesserungen des Vertriebssystems	260 Millionen Dollar

Kundenservice und Energiemanagement

Gesamtkundenstamm: 965.000 Stromkunden in Iowa und Wisconsin

• Digitale Kundenservice-Plattformen: 3 integrierte Systeme
• Energieeffizienzprogramme: 12 aktive Programme
• Einsatz intelligenter Zähler: 75 % des Kundenstamms

Initiativen zur Nachhaltigkeit und CO2-Reduktion

CO2-Reduktionsziel: 80 % Reduzierung bis 2030

Strategie zur Kohlenstoffreduzierung	Zieljahr	Voraussichtliche Reduzierung
Ausstieg aus Kohlekraftwerken	2028	50 % Ermäßigung
Ausbau erneuerbarer Energien	2030	30 % Ermäßigung

Alliant Energy Corporation (LNT) – Geschäftsmodell: Schlüsselressourcen

Umfangreiche elektrische Übertragungsinfrastruktur

Ab 2024 betreibt Alliant Energy Corporation:

Infrastrukturmetrik	Menge
Gesamtübertragungsleitungen	8.900 Meilen
Elektrische Umspannwerke	345 Umspannwerke
Servicegebiet	110.000 Quadratmeilen

Energieerzeugungsanlagen

Das Erzeugungsportfolio von Alliant Energy umfasst:

• Windkraft: 1.300 MW Kapazität
• Solarenergie: 450 MW Kapazität
• Erdgas: 2.100 MW Kapazität

Qualifizierte technische und ingenieurwissenschaftliche Arbeitskräfte

Belegschaftsmetrik	Daten
Gesamtzahl der Mitarbeiter	4,200
Technisches Personal	1,650
Durchschnittliche Erfahrung im Ingenieurwesen	12,5 Jahre

Fortschrittliche Energiemanagementtechnologien

Zu den Technologieinvestitionen gehören:

• Smart-Grid-Infrastruktur: 285 Millionen US-Dollar
• Digitale Messsysteme: 98 % Einsatz
• Investitionen in Cybersicherheit: 42 Millionen US-Dollar pro Jahr

Finanzkapital und Investitionskapazität

Finanzkennzahl	Betrag
Gesamtvermögen	16,3 Milliarden US-Dollar
Jährliche Kapitalausgaben	1,2 Milliarden US-Dollar
Bonitätsbewertung	A- (Standard & Armen)

Alliant Energy Corporation (LNT) – Geschäftsmodell: Wertversprechen

Zuverlässige und konsistente Stromversorgung

Die Alliant Energy Corporation versorgt rund 1 Million Stromkunden in Iowa und Wisconsin mit Strom. Das Unternehmen gewährleistet eine Servicezuverlässigkeit von 99,9 % bei einer durchschnittlichen jährlichen Ausfallzeit von 76 Minuten pro Kunde.

Servicebereich	Stromkunden	Zuverlässigkeitsrate
Iowa	560,000	99.9%
Wisconsin	440,000	99.9%

Ausbau des Portfolios an erneuerbaren Energien

Ab 2024 hat sich Alliant Energy dazu verpflichtet:

• Erneuerbare Energieerzeugung von 2.100 MW bis 2025
• 70 % kohlenstofffreier Strom bis 2030
• Netto-CO2-Emissionen von Null bis 2050

Erneuerbare Energiequelle	Aktuelle Kapazität (MW)
Wind	1,500
Solar	600

Wettbewerbsfähige Preise für Energiedienstleistungen

Durchschnittliche Stromtarife für Privathaushalte für Alliant Energy im Jahr 2024:

• Iowa: 0,12 $ pro kWh
• Wisconsin: 0,14 $ pro kWh

Engagement für ökologische Nachhaltigkeit

Investitionen in Initiativen zur ökologischen Nachhaltigkeit:

• 3,2 Milliarden US-Dollar für saubere Energieprojekte bereitgestellt
• Reduzierung der CO2-Emissionen um 80 % im Vergleich zu 2005

Fortschrittliche digitale Energiemanagementlösungen

Angebotene digitale Dienste und Technologien:

• Smart-Meter-Abdeckung für 95 % der Kunden
• Mobile App mit Echtzeit-Tracking des Energieverbrauchs
• Online-Tools und Ressourcen zur Energieeffizienz

Digitaler Service	Kundenakzeptanzrate
Intelligentes Messgerät	95%
Benutzer mobiler Apps	68%

Alliant Energy Corporation (LNT) – Geschäftsmodell: Kundenbeziehungen

Online-Kundendienstportale

Alliant Energy bietet ein umfassendes Online-Kundendienstportal mit den folgenden Funktionen:

Portalfunktion	Kennzahlen zum Benutzerengagement
Digitale Kontoverwaltung	Über 687.000 aktive Online-Benutzerkonten im Jahr 2023
Zahlungsoptionen für Rechnungen	98,3 % Abschlussrate digitaler Zahlungen
Online-Supportkanäle	Kundensupport rund um die Uhr mit einer durchschnittlichen Reaktionszeit von 12 Minuten

Energiemanagement-Tools für mobile Apps

Die mobile Anwendung von Alliant Energy bietet erweiterte Energiemanagementfunktionen:

• Verfolgung des Energieverbrauchs in Echtzeit
• Personalisierte Energiesparempfehlungen
• Ausfallmeldung und -überwachung

Metriken für mobile Apps	Leistungsdaten
Gesamtzahl der App-Downloads	352.000 ab Q4 2023
Monatlich aktive Benutzer	187.000 Benutzer
Bewertung der Benutzerzufriedenheit	4,6/5 in App Stores

Community-Engagement-Programme

Alliant Energy investiert in gemeinschaftsorientierte Initiativen:

Programmkategorie	Investitionsbetrag
Gemeinschaftssolarprojekte	12,4 Millionen US-Dollar im Jahr 2023
Zuschüsse für Energieeffizienz	3,7 Millionen US-Dollar ausgeschüttet
Lokale Wirtschaftsentwicklung	8,2 Millionen US-Dollar an Gemeinschaftsinvestitionen

Personalisierte Energieeffizienzberatungen

Zu den maßgeschneiderten Energiemanagementdiensten gehören:

• Kostenlose Energiebewertung für Ihr Zuhause
• Gezielte Energiesparempfehlungen
• Persönliche Beratung zur Effizienzsteigerung

Beratungsmetriken	Leistungsdaten
Gesamtzahl der durchgeführten Konsultationen	42.500 im Jahr 2023
Energieeinsparungen für Kunden	Durchschnittliche Reduzierung des Energieverbrauchs um 18 %

Transparente Abrechnung und Nutzungsverfolgung

Fortschrittliche Abrechnungs- und Nachverfolgungssysteme bieten:

• Detaillierte Nutzungsaufschlüsselung
• Vergleichende Energieverbrauchsberichte
• Vorausschauende Abrechnungsschätzungen

Kennzahlen zur Abrechnungstransparenz	Leistungsdaten
Abrechnungsgenauigkeitsrate	99.7%
Rechnungsanfragen von Kunden	Durch digitale Plattformen um 42 % reduziert

Alliant Energy Corporation (LNT) – Geschäftsmodell: Kanäle

Digitale Kundenservice-Plattformen

Alliant Energy bietet Online-Kundenservice über das MyAccount-Portal mit 428.753 registrierten Benutzern im vierten Quartal 2023. Die digitale Plattform wickelt etwa 67 % der Kundendienstinteraktionen ab.

Kennzahlen für digitale Plattformen	Statistik 2023
Gesamtzahl der Online-Benutzer	428,753
Interaktionsrate digitaler Dienste	67%
Durchschnittlicher monatlicher Webverkehr	237.456 einzelne Besucher

Lokale Kundendienstzentren

Alliant Energy unterhält 12 physische Kundendienstzentren in Iowa und Wisconsin und betreut rund 1,2 Millionen Kunden.

• 6 Zentren in Iowa
• 6 Zentren in Wisconsin
• Durchschnittliche tägliche Kundeninteraktionen: 1.845

Mobile Anwendungen

Die mobile App wurde im Jahr 2023 214.567 Mal heruntergeladen und erreichte eine aktive monatliche Benutzerinteraktionsrate von 73 %.

Leistung mobiler Apps	Daten für 2023
Gesamtzahl der Downloads	214,567
Monatlich aktive Benutzer	73%

Direktvertriebsmitarbeiter

Alliant Energy beschäftigt 246 Direktvertriebsmitarbeiter, die den Privat- und Gewerbemarkt abdecken.

• Wohnungsmarktteam: 142 Vertreter
• Kommerzielles Marktteam: 104 Vertreter
• Durchschnittliche Kundenakquisekosten: 187 $ pro neues Konto

Website- und Online-Kommunikationstools

Die Unternehmenswebsite empfängt monatlich 612.345 Besucher mit einer Informationsabrufrate von 82 %.

Website-Leistungsmetriken	Statistik 2023
Monatliche Besucher	612,345
Informationsabrufrate	82%
Durchschnittliche Sitzungsdauer	7,3 Minuten

Alliant Energy Corporation (LNT) – Geschäftsmodell: Kundensegmente

Stromverbraucher für Privathaushalte

Alliant Energy beliefert ab 2023 etwa 961.000 Stromkunden in Iowa und Wisconsin.

Staat	Privatkunden	Durchschnittliche monatliche Rechnung
Iowa	526,000	$129.47
Wisconsin	435,000	$138.62

Handels- und Industrieunternehmen

Alliant Energy versorgt 143.000 Gewerbe- und Industriekunden in seinen Versorgungsgebieten mit Strom.

• Der kommerzielle Sektor macht 18 % des gesamten Stromabsatzes aus
• Der Industriesektor macht 22 % des gesamten Stromabsatzes aus
• Durchschnittliche jährliche Stromausgaben für Gewerbekunden: 24.500 $

Kunden aus dem Agrarsektor

Auf landwirtschaftliche Kunden entfallen 7 % des gesamten Stromverbrauchs von Alliant Energy.

Staat	Agrarkunden	Durchschnittlicher jährlicher Stromverbrauch
Iowa	12,500	65.000 kWh
Wisconsin	8,200	55.000 kWh

Kommunale und staatliche Institutionen

Alliant Energy beliefert 450 kommunale und staatliche Kunden in Iowa und Wisconsin.

• Stromverbrauch im öffentlichen Sektor: 12 % des Gesamtumsatzes
• Durchschnittliche jährliche Stromausgaben pro kommunalem Kunden: 87.600 $

Projektentwickler für erneuerbare Energien

Alliant Energy hat sich verpflichtet, bis 2025 1.400 MW Windenergie und 400 MW Solarenergie zu installieren.

Art der erneuerbaren Energie	Geplante Kapazität	Geschätzte Investition
Windenergie	1.400 MW	2,1 Milliarden US-Dollar
Solarenergie	400 MW	650 Millionen Dollar

Alliant Energy Corporation (LNT) – Geschäftsmodell: Kostenstruktur

Investitionen in die Energieerzeugungsinfrastruktur

Im Geschäftsjahr 2022 investierte Alliant Energy 1,5 Milliarden US-Dollar in die Infrastrukturentwicklung und Kapitalausgaben. Die geplante Kapitalinvestition des Unternehmens für 2023–2027 beträgt etwa 6,3 Milliarden US-Dollar.

Kategorie „Infrastrukturinvestitionen“.	Betrag (in Millionen US-Dollar)
Projekte für erneuerbare Energien	652
Netzmodernisierung	398
Upgrades von Erzeugungsanlagen	450

Kosten für Wartung und Netzausbau

Die jährlichen Wartungskosten für die Infrastruktur von Alliant Energy beliefen sich im Jahr 2022 auf insgesamt 287 Millionen US-Dollar. Davon entfielen 124 Millionen US-Dollar auf die Netzausbaukosten.

• Wartung des Übertragungssystems: 86 Millionen US-Dollar
• Modernisierung des Vertriebsnetzes: 38 Millionen US-Dollar
• Modernisierung des Umspannwerks: 24 Millionen US-Dollar

Vergütung und Schulung der Mitarbeiter

Die gesamten mitarbeiterbezogenen Ausgaben für Alliant Energy beliefen sich im Jahr 2022 auf 493 Millionen US-Dollar, wobei die Schulung und Entwicklung der Belegschaft 18,2 Millionen US-Dollar ausmachte.

Vergütungskategorie	Betrag (in Millionen US-Dollar)
Grundgehälter	312
Vorteile	163
Schulung und Entwicklung	18.2

Kosten für die Einhaltung gesetzlicher Vorschriften

Die Ausgaben für die Einhaltung gesetzlicher Vorschriften beliefen sich bei Alliant Energy im Jahr 2022 auf 76,3 Millionen US-Dollar und deckten Umweltvorschriften, Sicherheitsstandards und Berichtspflichten ab.

• Umweltkonformität: 42,5 Millionen US-Dollar
• Einhaltung der Sicherheitsvorschriften: 22,8 Millionen US-Dollar
• Berichterstattung und Dokumentation: 11 Millionen US-Dollar

Forschung und Entwicklung für grüne Technologien

Alliant Energy stellte im Jahr 2022 35,6 Millionen US-Dollar für die Forschung und Entwicklung grüner Technologien bereit und konzentrierte sich dabei auf erneuerbare Energien und Nachhaltigkeitsinitiativen.

F&E-Schwerpunktbereich	Investition (Millionen US-Dollar)
Solartechnik	12.4
Windenergie-Innovation	15.2
Energiespeicherlösungen	8

Alliant Energy Corporation (LNT) – Geschäftsmodell: Einnahmequellen

Stromverkauf an Privatkunden

Für das Geschäftsjahr 2022 meldete Alliant Energy insgesamt 3,06 Milliarden US-Dollar an Strombetriebseinnahmen von Privatkunden in den Versorgungsgebieten Iowa und Wisconsin.

Kundensegment	Jahresumsatz	Anzahl der Kunden
Iowa Residential	1,42 Milliarden US-Dollar	475,000
Wisconsin Residential	1,64 Milliarden US-Dollar	525,000

Kommerzielle und industrielle Energieverträge

Der kommerzielle und industrielle Stromverkauf generierte für Alliant Energy im Jahr 2022 einen Umsatz von 2,38 Milliarden US-Dollar.

• Durchschnittlicher kommerzieller Strompreis: 0,0982 $ pro kWh
• Durchschnittlicher Industriestrompreis: 0,0673 $ pro kWh
• Gesamtkundenzahl aus Gewerbe und Industrie: 86.000

Verkauf von Gutschriften für erneuerbare Energien

Der Verkauf von Krediten für erneuerbare Energien trug im Jahr 2022 etwa 42 Millionen US-Dollar zum Umsatz von Alliant Energy bei.

Art der erneuerbaren Energie	Kreditwert	Insgesamt verkaufte Credits
Gutschriften für Windenergie	35 Millionen Dollar	720.000 MWh
Gutschriften für Solarenergie	7 Millionen Dollar	140.000 MWh

Gebühren für Energiemanagementdienste

Energiemanagement- und Effizienzdienstleistungen generierten im Jahr 2022 Servicegebühren in Höhe von 18,5 Millionen US-Dollar.

• Kommerzielle Energieaudits: 6,2 Millionen US-Dollar
• Energieeffizienzprogramme für Wohngebäude: 8,3 Millionen US-Dollar
• Dienstleistungen zur industriellen Energieoptimierung: 4 Millionen US-Dollar

Leasing und Dienstleistungen für Netzinfrastruktur

Netzinfrastruktur und damit verbundene Dienstleistungen brachten im Jahr 2022 zusätzliche Einnahmen in Höhe von 55,7 Millionen US-Dollar.

Servicekategorie	Jahresumsatz
Leasing von Übertragungsleitungen	32,4 Millionen US-Dollar
Dienstleistungen im Bereich der Umspannwerksinfrastruktur	23,3 Millionen US-Dollar

Alliant Energy Corporation (LNT) - Canvas Business Model: Value Propositions

You're looking at the core promises Alliant Energy Corporation makes to its customers and investors as of late 2025. These aren't just mission statements; they are backed by concrete capital plans and operational metrics.

Highly reliable and safe delivery of essential electric and natural gas service

Alliant Energy Corporation provides essential electric and natural gas service to its customer base, which includes nearly 1 million electric customers and 425,000 natural gas-only customers across its Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL) subsidiaries. The company positions itself among top performers for reliability, partly through infrastructure hardening efforts like undergrounding, where 28% of lines are underground to support reliability for generations. This focus on physical assets is supported by technology investments, such as the Advance Distribution Management System, aimed at reducing operating expenses through more efficient truck rolls.

Key operational statistics supporting reliability and service include:

• 28% of lines underground for enhanced reliability.
• Serving nearly 1 million electric customers.
• Serving 425,000 natural gas-only customers.

Commitment to clean energy transition, targeting 100% clean by 2050

Alliant Energy Corporation is actively executing its transition away from coal, with stated goals for greenhouse gas (GHG) reductions across its portfolio. The company has specific targets for GHG reductions, aiming for a 50% reduction by 2030 and 100% reduction by 2050, with a goal of being coal-free by 2040. To achieve this, significant capital is being deployed into cleaner resources. For instance, Alliant Energy Corporation completed 1,500 megawatts of solar generation investments in 2024, adding to its existing 1,800 megawatts of wind resources. Furthermore, more than 40% of the updated 2025-2028 capital expenditure plan is dedicated to investments in wind, solar, and energy storage.

The company is also proactively managing the Inflation Reduction Act benefits, having safe harbored 100% of the energy storage projects and 750 megawatts of the 1,200 megawatts of wind in its current plan through 2028 to preserve tax benefits.

Clean Energy Metric	Value/Target	Year
Coal-Free Target	100% Reduction in Coal Generation	2040
GHG Reduction Target	50% Reduction	2030
GHG Reduction Target	100% Reduction	2050
Solar Investments Completed (2024)	1,500 MW	2024
Existing Wind Resources	1,800 MW	Late 2025

Stable, predictable rates derived from a regulated asset base

The regulated nature of Alliant Energy Corporation's utility operations provides a foundation for stable earnings and predictable returns, which helps manage rate impacts for customers. The company's investment strategy is directly tied to growing this asset base. The projected compound annual growth rate (CAGR) for the rate base and investment is 12% for the period spanning 2025 to 2029. This growth is supported by an allowed Return on Equity (ROE) of 10.48%, based on the 2024 rate base average of $4.9 billion. To ensure visibility and minimize lag in cost recovery, the Wisconsin Public Service Commission approved a unanimous retail electric and gas rate review settlement covering 2026-2027.

Enabling significant economic development, like the 3 GW data center load

A major driver of Alliant Energy Corporation's near-term growth is securing large industrial load, particularly from data centers. Contracted data center demand has increased to 3 GW, which management notes implies an industry-leading projected peak energy demand growth of 50% by 2030. This growth is underpinned by a significant capital commitment; the 4-year capital expenditure forecast has been lifted by 17% to $13.4 billion to ensure resources are in place. One specific example is the electric service agreement (ESA) executed for the QTS Madison site, securing 900 megawatts of demand, which is part of a planned $10 billion investment by QTS Centers in Cedar Rapids.

The economic impact is clear in the investment figures:

• Contracted Data Center Demand: 3 GW.
• Projected Peak Demand Growth by 2030: 50%.
• QTS Madison ESA Capacity: 900 MW.
• QTS Planned Investment in Cedar Rapids: $10 billion.
• Increased 2026-2029 Capital Plan: $13.4 billion.

Energy efficiency programs to help customers manage costs

Alliant Energy Corporation offers programs designed to help customers directly manage and reduce their energy usage and costs. A multi-year pilot program studying real-time energy experience and device-specific insights, concluded in 2024, yielded tangible results: 4% total electric savings and a 10% reduction in peak demand for participating households. For commercial and industrial customers, the Strategic Energy Management (SEM) program focuses on instilling an energy-management culture for lasting savings. Specific rebates are also available for equipment upgrades; for instance, in Iowa, customers can receive $50 for recycling an older appliance. For combined heat and power projects, custom rebates can be calculated based on savings metrics like $0.10 per kilowatt-hour saved or $1.00 per therm saved.

Here are concrete examples of customer savings mechanisms:

Program/Incentive	Metric of Savings/Incentive	Value
Household Pilot Program (2024)	Total Electric Savings	4%
Household Pilot Program (2024)	Peak Demand Reduction	10%
Appliance Recycling (Iowa)	Incentive per Appliance	$50
Custom Rebate (CHP)	Per kWh Saved	$0.10
Custom Rebate (CHP)	Per Therm Saved	$1.00

Alliant Energy Corporation (LNT) - Canvas Business Model: Customer Relationships

Alliant Energy Corporation provides regulated energy service to approximately 1,010,000 electric and 430,000 natural gas customers across Iowa and Wisconsin as of the third quarter of 2025. This relationship is non-competitive within defined service territories, governed by state regulatory bodies like the Iowa Utilities Commission (IUC) and the Public Service Commission of Wisconsin (PSC).

Metric	Value (2025 Data)	Source/Context
Total Electric Customers	1,010,000	Q3 2025 Reported Customer Base
Total Natural Gas Customers	430,000	Q3 2025 Reported Customer Base
WPL Authorized Electric Rate Increase (2025 Test Period)	$60 million (annual base rate)	Wisconsin Rate Review Approval
IPL Proposed Electric Rate Increase (2025)	$124 million	Iowa Rate Review Filing Proposal
WPL Proposed Electric Rate Increase (2026)	5.4%	Wisconsin Rate Settlement Agreement
Authorized Return on Equity (Wisconsin)	9.8%	Wisconsin Rate Settlement Agreement

Digital self-service platforms are used for billing and usage monitoring, allowing customers to manage accounts online. Alliant Energy Corporation reserves the right to contact customers who participate in rebate programs for surveys to monitor and evaluate program performance.

Dedicated account management is in place for large commercial and industrial clients. This structure supports large load growth customers, such as the recently executed electric service agreement for 900 megawatts for the QTS Madison site, contributing to an expected 50% increase in peak energy demand by 2030.

Community engagement and local economic development support are executed through the Alliant Energy Foundation and employee volunteerism.

• Total contribution from the Foundation, employees, and retirees in 2024 was nearly $9.3 million.
• Over 80,000 volunteer hours were contributed in 2024.
• The second Community Grant cycle of 2025 awarded over $530,000 to 138 organizations across Iowa and Wisconsin.
• Total grants awarded by the Foundation to date in 2025 are nearly $1.3M with one grant cycle remaining.
• Workforce readiness grants and scholarships in the second 2025 cycle totaled over $348,000.

Alliant Energy Corporation offers energy efficiency and demand response programs, with rebate terms and conditions effective January 1, 2025, through December 31, 2025. The rebate amount will not exceed 50% of the equipment purchase price for qualifying purchases.

Program/Equipment Type	Incentive Amount (Iowa Example)	Applicable Sector
Heating & Cooling Air Source Heat Pump	$225 - $375/unit	Commercial, Industrial
LED Linear Replace Lamp Retrofits	$1.50 - $5/unit	Commercial, Industrial
Geothermal Heat Pumps	$900 - $1,200/unit	Commercial, Industrial
Appliance Recycling (Iowa)	Up to $50 per appliance	Residential/Business

For Wisconsin customers, free energy saving products are available at $0 cost.

The Commercial New Construction (CNC) program provides free energy design assistance for buildings over 3,000 square feet, with design team incentives paid to the building designer or architect to help offset participation costs.

Finance: review Q4 2025 capital expenditure forecast against the increased 4-year forecast of $13.4 billion by next Tuesday.

Alliant Energy Corporation (LNT) - Canvas Business Model: Channels

You're looking at how Alliant Energy Corporation (LNT) gets its energy and services to the people and businesses that need them across Iowa and Wisconsin. It's all about the regulated infrastructure and the digital front door.

Interstate Power and Light Company (IPL) utility subsidiary

The IPL subsidiary is the primary delivery mechanism for Alliant Energy Corporation's services across Iowa. This channel directly serves a substantial customer base through its regulated electric and gas networks.

Here are the key customer metrics for IPL as of the latest reported figures:

• Electric retail customers in Iowa: Approximately 500,000.
• Natural gas customers transported in Iowa: Approximately 230,000.
• IPL contributed 15,540,000 MWh in electric sales in 2024.
• IPL accounted for 64,715,000 Dths in natural gas sales in 2024.

Wisconsin Power and Light Company (WPL) utility subsidiary

WPL handles the delivery channel within Wisconsin, mirroring the structure of IPL but serving the Wisconsin customer base. This utility is regulated by the Public Service Commission of Wisconsin (PSC).

The scale of WPL's customer reach is significant:

Metric	Customer Count (Approximate)	2024 Sales Unit
Electric Retail Customers	500,000	17,489,000 MWh (Electric Sales)
Natural Gas Retail Customers	200,000	102,160,000 Dths (Gas Sales)

Overall, Alliant Energy Corporation provides regulated energy service to approximately 1 million electric customers and 430,000 natural gas customers across both IPL and WPL territories. The company's total assets stood at $22.7 billion at year-end 2024.

Physical electric transmission and distribution grid

The physical grid is the core asset for electric delivery. Alliant Energy Corporation is actively investing in this infrastructure to support growth, especially from large data center customers who now represent 3 gigawatts (GW) of contracted demand.

Capital deployment through these channels is aggressive:

• The 4-year capital expenditure forecast was increased by 17% to $13.4 billion.
• This investment supports a projected rate base and investment Compound Annual Growth Rate (CAGR) of 12% from 2025 to 2029.
• In 2024, the maximum summer peak hour demand was 5,638 megawatts (MW).
• The company is targeting 100% clean energy by 2050, with 44% of energy from renewable resources in 2024.

Natural gas distribution pipelines

Natural gas is moved through distribution pipelines to customers in primarily rural communities across Iowa and Wisconsin. These pipelines are essential for the gas delivery portion of the business, which saw total sales and transportation of 166,875 thousand of dekatherms (Dths) in 2024.

The regulated utility performance drives near-term financial expectations. For 2025, ongoing earnings guidance was narrowed to $3.17 to $3.23 per share, with the company trending toward the upper half of that range based on year-to-date results.

Online customer portals and mobile applications

Digital channels provide self-service access for account management, outage reporting, and usage analysis. Customers use the My Account portal at alliantenergy.com/myaccount for detailed data.

Features available through these digital channels include:

• Access to account balance and ability to pay bills.
• Reporting power outages directly.
• Viewing daily and hourly energy usage history for smart meter customers.
• Using the Energy Analytics tool to download usage data in CSV or XML formats.
• Setting usage alerts for specific consumption thresholds.

The 2025 annual common stock dividend target is set at $2.03 per share, and the 2026 target is $2.14 per share.

Alliant Energy Corporation (LNT) - Canvas Business Model: Customer Segments

You're looking at the core of Alliant Energy Corporation's regulated business, which is fundamentally about serving distinct energy consumption profiles across two Midwestern states. The customer base is segmented by usage type and geography, which directly influences infrastructure investment and rate case strategy.

The residential segment forms the largest volume of individual accounts. As of the third quarter of 2025, Alliant Energy Corporation provides regulated energy service to approximately 1,010,000 electric customers and about 430,000 natural gas customers across its utility subsidiaries, Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL).

The business customer base is quite varied. It includes commercial businesses that focus on energy efficiency and cost management, and industrial customers who prioritize reliable power for their extensive operations.

A significant, high-growth segment is the large-scale data centers. Alliant Energy utilities now have 3 gigawatts (GW) of contracted peak demand from data centers. This new demand is substantial, representing a projected 50% increase in peak load demand by 2030 from the 2024 base of approximately 6 GW maximum demand. This data center growth fuels a projected electric sales compound annual growth rate (CAGR) of 9-10% from 2025 through 2030.

Alliant Energy Corporation's service territory is concentrated in the Midwest, specifically serving customers across large portions of Iowa and Wisconsin. The customer distribution between the two main operating companies is nearly balanced for electric service, though gas distribution varies.

Here's a quick look at the customer distribution by subsidiary as of late 2024/early 2025 data:

Segment Detail	Interstate Power and Light (IPL) - Iowa	Wisconsin Power and Light (WPL) - Wisconsin
Retail Electric Customers	Approximately 500,000	Approximately 500,000
Natural Gas Customers	Approximately 230,000	Approximately 200,000

The company also serves wholesale electricity customers in Minnesota, Illinois, and Iowa through IPL, and in Wisconsin through WPL.

You can see the breakdown of the total customer base below:

• Residential electric customers: Largest volume of individual accounts.
• Commercial businesses: Diverse energy needs, focus on efficiency.
• Industrial customers: High-load manufacturing operations.
• Data centers: New high-growth segment with 3 GW contracted demand.
• Geographic concentration: Customers located in Iowa and Wisconsin.

Alliant Energy Corporation (LNT) - Canvas Business Model: Cost Structure

You're looking at the core expenses driving Alliant Energy Corporation's operations as of late 2025, which are heavily weighted toward long-term asset investment and the associated financing costs. Honestly, for a regulated utility like Alliant Energy, the cost structure is dominated by the assets needed to keep the lights on and modernize the system.

High capital expenditures (Capex) for grid and generation modernization

Alliant Energy Corporation is executing on significant capital deployment, which forms a major component of its cost base through asset accumulation and future depreciation. The focus is clearly on clean energy and infrastructure resilience, especially given the accelerating data center demand in their service territories.

Here are the key capital investment figures shaping the cost structure:

• The 2026-2029 capital expenditure plan is set at $13.4 billion, focusing on renewables and clean energy.
• The preceding 2025-2028 capital plan was updated to $11.5 billion.
• This investment supports an expected 11% rate-base CAGR through 2028.
• The rate base plus construction work in progress is projected to grow from $15.3 billion at the end of 2024 to $22.9 billion by the end of 2028.
• More than 40% of the 2025-2028 capital expenditure plan is allocated to wind, solar, and energy storage projects.

This aggressive investment pace is reflected in the asset base growth, which you can see mapped out below:

Metric	Value	Period/Year
Total Capital Expenditure Plan	$13.4 billion	2026-2029
Total Capital Expenditure Plan	$11.5 billion	2025-2028
Rate Base + Construction Work in Progress	$22.9 billion	End of 2028 Estimate
Rate Base + Construction Work in Progress	$15.3 billion	End of 2024

Electric production fuel and purchased power costs

Fuel and purchased power are variable costs that fluctuate with energy demand and commodity prices. While specific 2025 fuel cost figures aren't explicitly broken out in the provided snippets, we know that operational expenses, which include these costs, were a factor in recent performance.

For context on the overall scale of operations:

• Alliant Energy Corporation's Total Revenue estimate for full-year 2025 is $4.23 billion.
• Total Operating Expenses for the fiscal year ending 2024 were $3.10 billion.
• In Q3 2025, earnings were impacted by higher generation costs from planned maintenance activities.

Interest expense from debt financing the $13.4 billion investment plan

Financing these massive capital plans requires substantial debt, which directly translates into interest expense. The Q1 2025 funding strategy indicated that 40% of the capital program was planned to come from new debt. The company also executed specific debt actions post-Q1 2025 to support investments, including $600 million in IPL 2035 senior debentures and $500 million in parent 2028 convertibles.

The impact of financing costs is already visible in recent results:

Expense Item	Impact/Amount	Period/Year
Interest Expense	$449 million	Full Year 2024
Financing Expense (Variance)	($0.04) per share negative impact	Q1 2025
Financing Expenses (Variance)	Higher	Q3 2025

You can see that financing costs are a material drag on earnings, even before the full impact of the 2026-2029 plan hits the balance sheet. Higher financing expense was noted as a drag on EPS in both Q1 and Q3 2025.

Operation and maintenance (O&M) expenses, including planned maintenance

Operation and maintenance (O&M) costs cover the day-to-day running of the utility system. These expenses are a core part of the Total Operating Expenses, which were $3.10 billion in 2024.

The most recent data points to upward pressure on these costs:

• Higher operational expenses, specifically increased generation costs from planned maintenance activities, contributed to the Q3 2025 earnings shortfall.
• Total Operating Expenses for the fiscal year ending 2024 were $3.10 billion.

Depreciation expense on a growing asset base

As capital expenditures are placed into service, the corresponding depreciation expense increases, which is a non-cash cost that still impacts reported earnings and cash flow planning. The growth in the asset base directly drives this cost higher.

Here is the historical and recent trend for depreciation:

Metric	Value	Period/Year
Depreciation Expense	$772 million	Full Year 2024
Depreciation Expense (Variance)	($0.06) per share negative impact	Q1 2025
Depreciation Expense (Variance)	Higher	Q1 2025

Higher depreciation expense was explicitly cited as a partial offset to EPS growth in Q1 2025. Finance: draft 13-week cash view by Friday.

Alliant Energy Corporation (LNT) - Canvas Business Model: Revenue Streams

You're looking at the core ways Alliant Energy Corporation generates its top line, which is heavily weighted toward its regulated utility operations in Iowa (IPL) and Wisconsin (WPL). The revenue streams are fundamentally tied to the ability of these subsidiaries to earn their authorized rates of return, which is a key assumption underpinning their 2025 guidance. For instance, drivers for Alliant Energy's 2025 ongoing EPS guidance include the ability of IPL and WPL to earn their authorized rates of return.

The regulated revenue is built on the volume of electricity and natural gas sold, plus the authorized rate increases that flow through to customers. For context on the scale of the utility operations, here's a look at the 2024 sales volumes:

Revenue Component	Subsidiary	2024 Sales Volume	Unit
Electric Sales Revenue	IPL	15,540,000	MWh
Electric Sales Revenue	WPL	17,489,000	MWh
Natural Gas Sales Revenue	IPL	64,715,000	Dths
Natural Gas Sales Revenue	WPL	102,160,000	Dths

The revenue base is also directly supported by regulatory approvals for capital investments. You can see the impact of these revenue requirements in the quarterly results. For example, in the second quarter of 2025, IPL recognized a $0.13 per share increase due to higher revenue requirements from its rate base growth, and WPL recognized a $0.06 per share increase for similar reasons. This is a direct flow-through of authorized cost recovery, so it's a very predictable part of the revenue stream, provided regulatory timelines are met.

Specifically, the authorized base rate increases that support 2025 revenue include:

• IPL Electric: Authorized annual increase of $185 million (covering Oct 2024 - Sep 2025 test period).
• IPL Natural Gas: Authorized annual increase of $10 million (covering Oct 2024 - Sep 2025 test period).
• WPL Electric: Authorized annual increase of $60 million (covering the 2025 forward-looking Test Period).

The third quarter of 2025 results showed that higher EPS was primarily driven by these increased revenue requirements from authorized base rate increases, reflecting ongoing capital investments in solar generation and energy storage. To give you a sense of recent sales activity, retail electric sales for Alliant Energy Corporation in the second quarter of 2025 were 5,926 thousand MWh, down slightly from 5,948 thousand MWh in the second quarter of 2024.

The Non-utility revenue stream, which comes from investments and other operations, is much smaller and more volatile, often showing up as a net loss on a per-share basis when factoring in financing costs. For the first quarter of 2025, Alliant Energy's Non-utility and Parent operations generated a GAAP EPS impact of $(0.08) per share. By the second quarter of 2025, this segment reported a GAAP EPS of ($0.10) per share, which was lower than the ($0.03) per share loss in the second quarter of 2024, primarily due to higher financing expenses and timing of income tax expense.

Alliant Energy Corporation has narrowed its full-year 2025 ongoing EPS guidance to a range of $3.17 to $3.23 per share, with earnings trending toward the upper-half of this range based on results through the third quarter. That guidance is the ultimate financial target derived from these underlying revenue streams. Finance: draft 13-week cash view by Friday.