Alliant Energy Corporation (LNT): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

En el panorama dinámico de la transformación energética, Alliant Energy Corporation emerge como una fuerza pionera, navegando estratégicamente la compleja intersección de la generación de energía tradicional y la innovación sostenible. Al crear meticulosamente un lienzo de modelo de negocio integral, la compañía demuestra un enfoque intrincado para ofrecer electricidad confiable mientras busca agresivamente soluciones de energía renovable. Desde la infraestructura eólica y solar hasta las plataformas de gestión de energía digital de vanguardia, Alliant Energy está redefiniendo cómo los servicios públicos pueden satisfacer simultáneamente las demandas de los consumidores, impulsar el avance tecnológico y defender la sostenibilidad ambiental, lo que hace que su modelo de negocio sea un plan convincente para las empresas de energía modernas.

Alliant Energy Corporation (LNT) - Modelo de negocios: asociaciones clave

Fabricantes de equipos de energía renovable

Alliant Energy se asocia con fabricantes clave de equipos de energía renovable para apoyar su infraestructura de energía limpia:

Fabricante	Tipo de equipo	Contribución de la capacidad
Sistemas de viento de Vestas	Turbinas eólicas	350 MW
Primero solar	Paneles solares	200 MW
GE Energía renovable	Componentes de la turbina eólica	250 MW

Reguladores de servicios públicos del gobierno local y estatal

La colaboración con cuerpos reguladores incluye:

• Junta de servicios públicos de Iowa
• Comisión de Servicio Público de Wisconsin
• Comisión de servicios públicos de Minnesota

Desarrolladores de granjas eólicas y solares

Revelador	Ubicación del proyecto	Capacidad renovable
Energía nextera	Iowa	500 MW
Inveneración	Wisconsin	300 MW

Proveedores de tecnología de infraestructura de cuadrícula

Los socios de tecnología clave incluyen:

• Soluciones de cuadrícula de Siemens
• Grids de energía ABB
• Schneider Electric

Colaboradores de red de carga de vehículos eléctricos

Pareja	Estaciones de carga	Área de cobertura
Punto de carga	150 estaciones	Iowa y Wisconsin
Evgo	75 estaciones	Centros urbanos

Alliant Energy Corporation (LNT) - Modelo de negocios: actividades clave

Generación y distribución de energía eléctrica

Capacidad total de generación de electricidad: 5.420 MW a partir de 2023

Fuente de generación	Capacidad (MW)	Porcentaje
Gas natural	2,180	40.2%
Viento	1,670	30.8%
Carbón	1,240	22.9%
Solar	330	6.1%

Desarrollo de infraestructura de energía renovable

Inversión de energía renovable: $ 1.2 mil millones en 2023

• Expansión de capacidad eólica planificada: 500 MW para 2025
• Tubería del proyecto solar: 350 MW en desarrollo
• Proyectos de almacenamiento de baterías: 100 MW planeado

Modernización y mantenimiento de la red

Inversión anual de infraestructura: $ 680 millones en 2023

Área de infraestructura	Monto de la inversión
Actualizaciones de la línea de transmisión	$ 240 millones
Tecnología de la red inteligente	$ 180 millones
Mejoras del sistema de distribución	$ 260 millones

Servicio al cliente y gestión de energía

Base total de clientes: 965,000 clientes eléctricos en Iowa y Wisconsin

• Plataformas de servicio al cliente digital: 3 sistemas integrados
• Programas de eficiencia energética: 12 programas activos
• Implementación del medidor inteligente: 75% de la base de clientes

Iniciativas de sostenibilidad y reducción de carbono

Objetivo de reducción de carbono: Reducción del 80% para 2030

Estrategia de reducción de carbono	Año objetivo	Reducción proyectada
Factura de la planta de carbón	2028	50% de reducción
Expansión de energía renovable	2030	Reducción del 30%

Alliant Energy Corporation (LNT) - Modelo de negocios: recursos clave

Infraestructura de transmisión eléctrica extensa

A partir de 2024, Alliant Energy Corporation opera:

Infraestructura métrica	Cantidad
Líneas de transmisión totales	8,900 millas
Subestaciones eléctricas	345 subestaciones
Territorio de servicio	110,000 millas cuadradas

Instalaciones de generación de energía

La cartera de generación de Alliant Energy incluye:

• Energía eólica: capacidad de 1.300 MW
• Energía solar: capacidad de 450 MW
• Gas natural: capacidad de 2.100 MW

Fuerza laboral técnica e ingeniería calificada

Métrica de la fuerza laboral	Datos
Total de empleados	4,200
Personal técnico	1,650
Experiencia de ingeniería promedio	12.5 años

Tecnologías avanzadas de gestión de energía

Las inversiones tecnológicas incluyen:

• Infraestructura de cuadrícula inteligente: $ 285 millones
• Sistemas de medición digital: implementación del 98%
• Inversiones de ciberseguridad: $ 42 millones anuales

Capital financiero y capacidad de inversión

Métrica financiera	Cantidad
Activos totales	$ 16.3 mil millones
Gastos de capital anuales	$ 1.2 mil millones
Calificación crediticia	A- (estándar & Pobre)

Alliant Energy Corporation (LNT) - Modelo de negocio: propuestas de valor

Suministro de electricidad confiable y consistente

Alliant Energy Corporation proporciona electricidad a aproximadamente 1 millón de clientes eléctricos en Iowa y Wisconsin. La compañía mantiene una tasa de confiabilidad del servicio del 99.9% con un tiempo de interrupción anual promedio de 76 minutos por cliente.

Vía de Servício	Clientes eléctricos	Tasa de confiabilidad
Iowa	560,000	99.9%
Wisconsin	440,000	99.9%

Aumento de la cartera de energía renovable

A partir de 2024, Alliant Energy se ha comprometido a:

• Generación de energía renovable de 2.100 MW para 2025
• 70% de electricidad sin carbono para 2030
• Emisiones de carbono neto-cero para 2050

Fuente de energía renovable	Capacidad actual (MW)
Viento	1,500
Solar	600

Precios competitivos para servicios energéticos

Tasas de electricidad residencial promedio para Alliant Energy en 2024:

• Iowa: $ 0.12 por kwh
• Wisconsin: $ 0.14 por kWh

Compromiso con la sostenibilidad ambiental

Inversión en iniciativas de sostenibilidad ambiental:

• $ 3.2 mil millones asignados para proyectos de energía limpia
• Reducción de las emisiones de carbono en un 80% en comparación con los niveles de 2005

Soluciones avanzadas de gestión de energía digital

Servicios y tecnologías digitales ofrecidas:

• Cobertura de medidores inteligentes para el 95% de los clientes
• Aplicación móvil con seguimiento de uso de energía en tiempo real
• Herramientas y recursos de eficiencia energética en línea

Servicio digital	Tasa de adopción del cliente
Medidor inteligente	95%
Usuarios de aplicaciones móviles	68%

Alliant Energy Corporation (LNT) - Modelo de negocios: relaciones con los clientes

Portales de servicio al cliente en línea

Alliant Energy proporciona un portal integral de servicio al cliente en línea con las siguientes características:

Característica de portal	Métricas de participación del usuario
Gestión de cuentas digitales	Más de 687,000 cuentas activas de usuario en línea a partir de 2023
Opciones de pago de facturas	Tasa de finalización de pago digital de 98.3%
Canales de soporte en línea	Atención al cliente 24/7 con un tiempo de respuesta promedio de 12 minutos

Herramientas de gestión de energía de aplicaciones móviles

La aplicación móvil de Alliant Energy proporciona capacidades avanzadas de gestión de energía:

• Seguimiento de consumo de energía en tiempo real
• Recomendaciones personalizadas de ahorro de energía
• Informes de interrupción y monitoreo

Métricas de aplicaciones móviles	Datos de rendimiento
Descargas totales de aplicaciones	352,000 a partir del cuarto trimestre 2023
Usuarios activos mensuales	187,000 usuarios
Calificación de satisfacción del usuario	4.6/5 en tiendas de aplicaciones

Programas de participación comunitaria

Alliant Energy invierte en iniciativas centradas en la comunidad:

Categoría de programa	Monto de la inversión
Proyectos solares comunitarios	$ 12.4 millones en 2023
Subvenciones de eficiencia energética	$ 3.7 millones distribuidos
Desarrollo económico local	$ 8.2 millones en inversiones comunitarias

Consultas personalizadas de eficiencia energética

Los servicios personalizados de gestión de energía incluyen:

• Evaluaciones gratuitas de energía en el hogar
• Recomendaciones específicas de ahorro de energía
• Consultas de actualización de eficiencia personalizada

Métricas de consulta	Datos de rendimiento
Consultas totales realizadas	42,500 en 2023
Ahorro de energía del cliente	Reducción promedio del 18% en el consumo de energía

Facturación transparente y seguimiento de uso

Los sistemas avanzados de facturación y seguimiento proporcionan:

• Desglose de uso detallado
• Informes comparativos de consumo de energía
• Estimaciones de facturación predictiva

Métricas de transparencia de facturación	Datos de rendimiento
Tasa de precisión de facturación	99.7%
Consultas de facturación de clientes	Reducido en un 42% a través de plataformas digitales

Alliant Energy Corporation (LNT) - Modelo de negocios: canales

Plataformas de servicio al cliente digital

Alliant Energy proporciona servicio al cliente en línea a través de MyAccount Portal con 428,753 usuarios registrados a partir del cuarto trimestre de 2023. La plataforma digital maneja aproximadamente el 67% de las interacciones de servicio al cliente.

Métricas de plataforma digital	2023 estadísticas
Total de usuarios en línea	428,753
Tasa de interacción de servicio digital	67%
Tráfico web mensual promedio	237,456 visitantes únicos

Centros de servicio al cliente local

Alliant Energy mantiene 12 centros físicos de servicio al cliente en Iowa y Wisconsin, atendiendo a aproximadamente 1,2 millones de clientes.

• 6 centros en Iowa
• 6 centros en Wisconsin
• Interacciones diarias promedio del cliente: 1,845

Aplicaciones móviles

La aplicación móvil descargó 214,567 veces con una tasa de participación mensual de usuario del 73% activa en 2023.

Rendimiento de la aplicación móvil	2023 datos
Descargas totales	214,567
Usuarios activos mensuales	73%

Representantes de ventas directas

Alliant Energy emplea a 246 representantes de ventas directas que cubren los mercados residenciales y comerciales.

• Equipo de mercado residencial: 142 representantes
• Equipo del mercado comercial: 104 representantes
• Costo promedio de adquisición de clientes: $ 187 por cuenta nueva

Sitio web y herramientas de comunicación en línea

El sitio web corporativo recibe 612,345 visitantes mensuales con una tasa de recuperación de información del 82%.

Métricas de rendimiento del sitio web	2023 estadísticas
Visitantes mensuales	612,345
Tasa de recuperación de información	82%
Duración de la sesión promedio	7.3 minutos

Alliant Energy Corporation (LNT) - Modelo de negocios: segmentos de clientes

Consumidores de electricidad residencial

Alliant Energy sirve a aproximadamente 961,000 clientes eléctricos en Iowa y Wisconsin a partir de 2023.

Estado	Clientes residenciales	Factura mensual promedio
Iowa	526,000	$129.47
Wisconsin	435,000	$138.62

Negocios comerciales e industriales

Alliant Energy proporciona electricidad a 143,000 clientes comerciales e industriales en sus territorios de servicio.

• El sector comercial representa el 18% de las ventas totales de electricidad
• El sector industrial representa el 22% de las ventas totales de electricidad
• Gasto de electricidad anual promedio para clientes comerciales: $ 24,500

Clientes del sector agrícola

Los clientes agrícolas representan el 7% del consumo total de electricidad de Alliant Energy.

Estado	Clientes agrícolas	Uso de electricidad anual promedio
Iowa	12,500	65,000 kWh
Wisconsin	8,200	55,000 kWh

Instituciones municipales y gubernamentales

Alliant Energy atiende a 450 clientes municipales y gubernamentales en Iowa y Wisconsin.

• Consumo de electricidad del sector público: 12% de las ventas totales
• Gasto de electricidad anual promedio por cliente municipal: $ 87,600

Desarrolladores de proyectos de energía renovable

Alliant Energy se ha comprometido a 1.400 MW de energía eólica y 400 MW de energía solar para 2025.

Tipo de energía renovable	Capacidad planificada	Inversión estimada
Energía eólica	1.400 MW	$ 2.1 mil millones
Energía solar	400 MW	$ 650 millones

Alliant Energy Corporation (LNT) - Modelo de negocio: estructura de costos

Inversiones de infraestructura de generación de energía

En el año fiscal 2022, Alliant Energy invirtió $ 1.5 mil millones en desarrollo de infraestructura y gastos de capital. La inversión de capital proyectada de la compañía para 2023-2027 es de aproximadamente $ 6.3 mil millones.

Categoría de inversión de infraestructura	Cantidad ($ millones)
Proyectos de energía renovable	652
Modernización de la cuadrícula	398
Actualizaciones de activos de generación	450

Gastos de mantenimiento y actualización de la red

Los gastos de mantenimiento anual para la infraestructura de Alliant Energy totalizaron $ 287 millones en 2022. Los costos de actualización de la red representaron específicamente $ 124 millones de ese total.

• Mantenimiento del sistema de transmisión: $ 86 millones
• Actualizaciones de la red de distribución: $ 38 millones
• Modernización de la subestación: $ 24 millones

Compensación y capacitación de empleados

Los gastos totales relacionados con los empleados para Alliant Energy en 2022 fueron de $ 493 millones, con capacitación y desarrollo de la fuerza laboral que representan $ 18.2 millones.

Categoría de compensación	Cantidad ($ millones)
Salarios base	312
Beneficios	163
Capacitación y desarrollo	18.2

Costos de cumplimiento regulatorio

Los gastos de cumplimiento regulatorio para Alliant Energy alcanzaron los $ 76.3 millones en 2022, cubriendo las regulaciones ambientales, los estándares de seguridad y los requisitos de informes.

• Cumplimiento ambiental: $ 42.5 millones
• Adherencia a la regulación de seguridad: $ 22.8 millones
• Informes y documentación: $ 11 millones

Investigación y desarrollo para tecnologías verdes

Alliant Energy asignó $ 35.6 millones a la investigación y el desarrollo de tecnologías verdes en 2022, centrándose en iniciativas de energía renovable y sostenibilidad.

Área de enfoque de I + D	Inversión ($ millones)
Tecnología solar	12.4
Innovación de energía eólica	15.2
Soluciones de almacenamiento de energía	8

Alliant Energy Corporation (LNT) - Modelo de negocios: flujos de ingresos

Ventas de electricidad a clientes residenciales

Para el año fiscal 2022, Alliant Energy reportó $ 3.06 mil millones en ingresos operativos eléctricos totales de clientes residenciales en los territorios de servicio de Iowa y Wisconsin.

Segmento de clientes	Ingresos anuales	Número de clientes
Residencial de Iowa	$ 1.42 mil millones	475,000
Residencial de Wisconsin	$ 1.64 mil millones	525,000

Contratos de energía comercial e industrial

Las ventas de electricidad comercial e industrial generaron $ 2.38 mil millones en ingresos para Alliant Energy en 2022.

• Tasa de electricidad comercial promedio: $ 0.0982 por kWh
• Tasa promedio de electricidad industrial: $ 0.0673 por kWh
• Total de clientes comerciales e industriales: 86,000

Ventas de crédito de energía renovable

Las ventas de crédito de energía renovable contribuyeron con aproximadamente $ 42 millones a los ingresos de Alliant Energy en 2022.

Tipo de energía renovable	Valor de crédito	Total de créditos vendidos
Créditos de energía eólica	$ 35 millones	720,000 MWh
Créditos de energía solar	$ 7 millones	140,000 MWh

Tarifas de servicio de gestión de energía

Los servicios de gestión de energía y eficiencia generaron $ 18.5 millones en tarifas de servicio durante 2022.

• Auditorías de energía comercial: $ 6.2 millones
• Programas de eficiencia energética residencial: $ 8.3 millones
• Servicios de optimización de energía industrial: $ 4 millones

Arrendamiento y servicios de infraestructura de cuadrícula

La infraestructura de la red y los servicios relacionados produjeron $ 55.7 millones en ingresos adicionales para 2022.

Categoría de servicio	Ingresos anuales
Arrendamiento de la línea de transmisión	$ 32.4 millones
Servicios de infraestructura de subestación	$ 23.3 millones

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.