Alliant Energy Corporation (LNT): modelo de negócios [Jan-2025 Atualizado]

No cenário dinâmico da transformação energética, a Alliant Energy Corporation surge como uma força pioneira, navegando estrategicamente na interseção complexa da geração tradicional de energia e da inovação sustentável. Ao elaborar meticulosamente uma tela abrangente do modelo de negócios, a empresa demonstra uma abordagem complexa para fornecer eletricidade confiável e, agressivamente, buscar soluções de energia renovável. Desde a infraestrutura eólica e solar até as plataformas de gerenciamento de energia digital de ponta, a Alliant Energy está redefinindo como as utilidades podem atender simultaneamente às demandas dos consumidores, impulsionar o avanço tecnológico e defender a sustentabilidade ambiental-tornando seu modelo de negócios um projeto atraente para as empresas energéticas modernas.

Alliant Energy Corporation (LNT) - Modelo de Negócios: Principais Parcerias

Fabricantes de equipamentos de energia renovável

A Alliant Energy faz parceria com os principais fabricantes de equipamentos de energia renovável para apoiar sua infraestrutura de energia limpa:

Fabricante	Tipo de equipamento	Contribuição da capacidade
Vestas Wind Systems	Turbinas eólicas	350 MW
Primeiro solar	Painéis solares	200 MW
Energia renovável da GE	Componentes da turbina eólica	250 MW

Reguladores de serviços públicos locais e estaduais

A colaboração com órgãos reguladores inclui:

• Conselho de Utilitários de Iowa
• Comissão de Serviço Público de Wisconsin
• Comissão de Utilidade Pública de Minnesota

Desenvolvedores agrícolas eólicos e solares

Desenvolvedor	Localização do projeto	Capacidade renovável
Energia Nextera	Iowa	500 MW
Invenergia	Wisconsin	300 MW

Provedores de tecnologia de infraestrutura de grade

Os principais parceiros de tecnologia incluem:

• Siemens Grid Solutions
• ABB Power Grids
• Schneider Electric

Colaboradores de rede de carregamento de veículos elétricos

Parceiro	Estações de carregamento	Área de cobertura
ChargePoint	150 estações	Iowa e Wisconsin
EVGO	75 estações	Centros urbanos

Alliant Energy Corporation (LNT) - Modelo de Negócios: Atividades -chave

Geração e distribuição de energia elétrica

Capacidade total de geração de eletricidade: 5.420 MW a partir de 2023

Fonte de geração	Capacidade (MW)	Percentagem
Gás natural	2,180	40.2%
Vento	1,670	30.8%
Carvão	1,240	22.9%
Solar	330	6.1%

Desenvolvimento de infraestrutura energética renovável

Investimento de energia renovável: US $ 1,2 bilhão em 2023

• Expansão planejada da capacidade do vento: 500 MW até 2025
• Pipeline do projeto solar: 350 MW em desenvolvimento
• Projetos de armazenamento de bateria: 100 MW planejados

Modernização e manutenção da grade

Investimento anual de infraestrutura: US $ 680 milhões em 2023

Área de infraestrutura	Valor do investimento
Atualizações da linha de transmissão	US $ 240 milhões
Tecnologia de grade inteligente	US $ 180 milhões
Melhorias do sistema de distribuição	US $ 260 milhões

Atendimento ao cliente e gerenciamento de energia

Base total de clientes: 965.000 clientes elétricos em Iowa e Wisconsin

• Plataformas de atendimento ao cliente digital: 3 sistemas integrados
• Programas de eficiência energética: 12 programas ativos
• Implantação de medidores inteligentes: 75% da base de clientes

Iniciativas de sustentabilidade e redução de carbono

Alvo de redução de carbono: redução de 80% até 2030

Estratégia de redução de carbono	Ano -alvo	Redução projetada
Pasta de carvão de fase de fase	2028	Redução de 50%
Expansão de energia renovável	2030	Redução de 30%

Alliant Energy Corporation (LNT) - Modelo de Negócios: Recursos -Principais

Extensa infraestrutura de transmissão elétrica

A partir de 2024, a Alliant Energy Corporation opera:

Métrica de infraestrutura	Quantidade
Linhas de transmissão totais	8.900 milhas
Subestações elétricas	345 subestações
Território de serviço	110.000 milhas quadradas

Instalações de geração de energia

O portfólio de geração da Alliant Energy inclui:

• Energia eólica: capacidade de 1.300 MW
• Energia solar: capacidade de 450 MW
• Gás natural: capacidade de 2.100 MW

Força de trabalho técnica e de engenharia qualificada

Métrica da força de trabalho	Dados
Total de funcionários	4,200
Equipe técnica	1,650
Experiência média de engenharia	12,5 anos

Tecnologias avançadas de gerenciamento de energia

Os investimentos em tecnologia incluem:

• Infraestrutura de grade inteligente: US $ 285 milhões
• Sistemas de medição digital: implantação de 98%
• Investimentos de segurança cibernética: US $ 42 milhões anualmente

Capital financeiro e capacidade de investimento

Métrica financeira	Quantia
Total de ativos	US $ 16,3 bilhões
Gastos anuais de capital	US $ 1,2 bilhão
Classificação de crédito	A- (padrão & Poor's)

Alliant Energy Corporation (LNT) - Modelo de Negócios: Proposições de Valor

Fornecimento de eletricidade confiável e consistente

A Alliant Energy Corporation fornece eletricidade a aproximadamente 1 milhão de clientes elétricos em Iowa e Wisconsin. A empresa mantém uma taxa de confiabilidade de serviço de 99,9% com um tempo médio de interrupção anual de 76 minutos por cliente.

Área de serviço	Clientes elétricos	Taxa de confiabilidade
Iowa	560,000	99.9%
Wisconsin	440,000	99.9%

Aumento do portfólio de energia renovável

A partir de 2024, a Alliant Energy se comprometeu com:

• Geração de energia renovável de 2.100 MW até 2025
• 70% de eletricidade sem carbono até 2030
• Emissões de carbono de zero líquido até 2050

Fonte de energia renovável	Capacidade atual (MW)
Vento	1,500
Solar	600

Preços competitivos para serviços de energia

Taxas médias de eletricidade residencial para energia Alliant em 2024:

• Iowa: $ 0,12 por kWh
• Wisconsin: US $ 0,14 por kWh

Compromisso com a sustentabilidade ambiental

Investimento em iniciativas de sustentabilidade ambiental:

• US $ 3,2 bilhões alocados para projetos de energia limpa
• Redução das emissões de carbono em 80% em comparação com os níveis de 2005

Soluções avançadas de gerenciamento de energia digital

Serviços e tecnologias digitais oferecidos:

• Cobertura de medidor inteligente para 95% dos clientes
• Aplicativo móvel com rastreamento de uso de energia em tempo real
• Ferramentas e recursos on -line de eficiência energética

Serviço digital	Taxa de adoção do cliente
Medidor inteligente	95%
Usuários de aplicativos móveis	68%

Alliant Energy Corporation (LNT) - Modelo de Negócios: Relacionamentos do Cliente

Portais de atendimento ao cliente online

A Alliant Energy fornece um portal abrangente de atendimento ao cliente on -line com os seguintes recursos:

Recurso do portal	Métricas de engajamento do usuário
Gerenciamento de contas digitais	Mais de 687.000 contas de usuário online ativas a partir de 2023
Opções de pagamento da conta	98,3% Taxa de conclusão de pagamento digital
Canais de suporte on -line	Suporte ao cliente 24/7 com tempo médio de resposta de 12 minutos

Ferramentas de gerenciamento de energia de aplicativos móveis

O aplicativo móvel da Alliant Energy fornece recursos avançados de gerenciamento de energia:

• Rastreamento de consumo de energia em tempo real
• Recomendações de economia de energia personalizadas
• Relatórios de interrupção e monitoramento

Métricas de aplicativos móveis	Dados de desempenho
Downloads de aplicativos totais	352.000 a partir do quarto trimestre 2023
Usuários ativos mensais	187.000 usuários
Classificação de satisfação do usuário	4.6/5 em lojas de aplicativos

Programas de envolvimento da comunidade

A Alliant Energy investe em iniciativas focadas na comunidade:

Categoria de programa	Valor do investimento
Projetos solares comunitários	US $ 12,4 milhões em 2023
Subsídios de eficiência energética	US $ 3,7 milhões distribuídos
Desenvolvimento Econômico Local	US $ 8,2 milhões em investimentos comunitários

Consultas personalizadas de eficiência energética

Os serviços de gerenciamento de energia personalizados incluem:

• Avaliações de energia doméstica gratuitas
• Recomendações de economia de energia direcionadas
• Consultas de atualização de eficiência personalizadas

Métricas de consulta	Dados de desempenho
Total de consultas realizadas	42.500 em 2023
Economia de energia do cliente	Redução média de 18% no consumo de energia

Faturamento transparente e rastreamento de uso

Os sistemas avançados de cobrança e rastreamento fornecem:

• Redução detalhada do uso
• Relatórios comparativos de consumo de energia
• Estimativas de cobrança preditivas

Métricas de transparência de cobrança	Dados de desempenho
Taxa de precisão de cobrança	99.7%
Consultas de cobrança de clientes	Reduzido em 42% através de plataformas digitais

Alliant Energy Corporation (LNT) - Modelo de Negócios: Canais

Plataformas de atendimento ao cliente digital

A Alliant Energy fornece atendimento ao cliente on -line através do MyAccount Portal com 428.753 usuários registrados a partir do quarto trimestre 2023. A plataforma digital lida com aproximadamente 67% das interações de atendimento ao cliente.

Métricas de plataforma digital	2023 Estatísticas
Total de usuários online	428,753
Taxa de interação de serviço digital	67%
Tráfego médio mensal da web	237.456 visitantes únicos

Centros de atendimento ao cliente local

A Alliant Energy mantém 12 centros de atendimento ao cliente físico em Iowa e Wisconsin, atendendo a aproximadamente 1,2 milhão de clientes.

• 6 centros em Iowa
• 6 centros em Wisconsin
• Interações médias diárias do cliente: 1.845

Aplicativos móveis

Aplicativo móvel baixado 214.567 vezes com 73% de taxa de envolvimento mensal ativo do usuário em 2023.

Desempenho do aplicativo móvel	2023 dados
Downloads totais	214,567
Usuários ativos mensais	73%

Representantes de vendas diretas

A Alliant Energy emprega 246 representantes de vendas diretas que cobrem mercados residenciais e comerciais.

• Equipe de mercado residencial: 142 representantes
• Equipe de mercado comercial: 104 representantes
• Custo médio de aquisição de clientes: US $ 187 por nova conta

Site e ferramentas de comunicação on -line

O site corporativo recebe 612.345 visitantes mensais com 82% de taxa de recuperação de informações.

Métricas de desempenho do site	2023 Estatísticas
Visitantes mensais	612,345
Taxa de recuperação de informações	82%
Duração média da sessão	7,3 minutos

Alliant Energy Corporation (LNT) - Modelo de Negócios: Segmentos de Clientes

Consumidores de eletricidade residencial

A Alliant Energy atende a aproximadamente 961.000 clientes elétricos em Iowa e Wisconsin a partir de 2023.

Estado	Clientes residenciais	Conta mensal média
Iowa	526,000	$129.47
Wisconsin	435,000	$138.62

Empresas comerciais e industriais

A Alliant Energy fornece eletricidade a 143.000 clientes comerciais e industriais em seus territórios de serviço.

• O setor comercial representa 18% do total de vendas de eletricidade
• O setor industrial representa 22% do total de vendas de eletricidade
• Passos médios anuais de eletricidade para clientes comerciais: US $ 24.500

Clientes do setor agrícola

Os clientes agrícolas representam 7% do consumo total de eletricidade da Alliant Energy.

Estado	Clientes agrícolas	Uso médio anual de eletricidade
Iowa	12,500	65.000 kWh
Wisconsin	8,200	55.000 kWh

Instituições municipais e governamentais

A Alliant Energy atende 450 clientes municipais e governamentais em Iowa e Wisconsin.

• Consumo de eletricidade do setor público: 12% do total de vendas
• Gasto médio anual de eletricidade por cliente municipal: US $ 87.600

Desenvolvedores de projetos de energia renovável

A Alliant Energy se comprometeu com 1.400 MW de energia eólica e 400 MW de energia solar até 2025.

Tipo de energia renovável	Capacidade planejada	Investimento estimado
Energia eólica	1.400 MW	US $ 2,1 bilhões
Energia solar	400 MW	US $ 650 milhões

Alliant Energy Corporation (LNT) - Modelo de Negócios: Estrutura de Custo

Investimentos de infraestrutura de geração de energia

No ano fiscal de 2022, a Alliant Energy investiu US $ 1,5 bilhão em desenvolvimento de infraestrutura e despesas de capital. O investimento de capital projetado da empresa para 2023-2027 é de aproximadamente US $ 6,3 bilhões.

Categoria de investimento em infraestrutura	Valor (US $ milhões)
Projetos de energia renovável	652
Modernização da grade	398
Atualizações de ativos de geração	450

Despesas de manutenção e atualização da grade

As despesas anuais de manutenção da infraestrutura da Alliant Energy totalizaram US $ 287 milhões em 2022. Os custos de atualização da rede representavam especificamente US $ 124 milhões desse total.

• Manutenção do sistema de transmissão: US $ 86 milhões
• Atualizações da rede de distribuição: US $ 38 milhões
• Modernização da subestação: US $ 24 milhões

Compensação e treinamento de funcionários

As despesas totais relacionadas aos funcionários da Alliant Energy em 2022 foram de US $ 493 milhões, com treinamento e desenvolvimento da força de trabalho representando US $ 18,2 milhões.

Categoria de compensação	Valor (US $ milhões)
Salários da base	312
Benefícios	163
Treinamento e desenvolvimento	18.2

Custos de conformidade regulatória

As despesas regulatórias de conformidade com energia da Alliant atingiram US $ 76,3 milhões em 2022, cobrindo regulamentos ambientais, padrões de segurança e requisitos de relatório.

• Conformidade ambiental: US $ 42,5 milhões
• Aderência da regulamentação de segurança: US $ 22,8 milhões
• Relatórios e documentação: US $ 11 milhões

Pesquisa e desenvolvimento para tecnologias verdes

A Alliant Energy alocou US $ 35,6 milhões à pesquisa e desenvolvimento de tecnologias verdes em 2022, com foco em iniciativas de energia e sustentabilidade renováveis.

Área de foco em P&D	Investimento (US $ milhões)
Tecnologia solar	12.4
Inovação em energia eólica	15.2
Soluções de armazenamento de energia	8

Alliant Energy Corporation (LNT) - Modelo de negócios: fluxos de receita

Vendas de eletricidade para clientes residenciais

Para o ano fiscal de 2022, a Alliant Energy registrou US $ 3,06 bilhões em receitas operacionais elétricas totais de clientes residenciais nos territórios de serviços de Iowa e Wisconsin.

Segmento de clientes	Receita anual	Número de clientes
Iowa Residential	US $ 1,42 bilhão	475,000
Wisconsin Residential	US $ 1,64 bilhão	525,000

Contratos de energia comercial e industrial

As vendas comerciais e industriais de eletricidade geraram US $ 2,38 bilhões em receita para a Alliant Energy em 2022.

• Taxa média de eletricidade comercial: US $ 0,0982 por kWh
• Taxa média de eletricidade industrial: US $ 0,0673 por kWh
• Total de clientes comerciais e industriais: 86.000

Vendas de crédito energético renováveis

As vendas de crédito de energia renovável contribuíram com aproximadamente US $ 42 milhões para a receita da Alliant Energy em 2022.

Tipo de energia renovável	Valor de crédito	Total de créditos vendidos
Créditos da energia eólica	US $ 35 milhões	720.000 MWh
Créditos de energia solar	US $ 7 milhões	140.000 MWh

Taxas de serviço de gerenciamento de energia

Os serviços de gerenciamento de energia e eficiência geraram US $ 18,5 milhões em taxas de serviço durante 2022.

• Auditorias de energia comercial: US $ 6,2 milhões
• Programas de eficiência energética residencial: US $ 8,3 milhões
• Serviços de otimização de energia industrial: US $ 4 milhões

Leasing e serviços de infraestrutura de grade

A infraestrutura da rede e os serviços relacionados produziram US $ 55,7 milhões em receita adicional para 2022.

Categoria de serviço	Receita anual
Leasing da linha de transmissão	US $ 32,4 milhões
Serviços de infraestrutura de subestação	US $ 23,3 milhões

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.