[GRAPHIC OMITTED] ALLIANT ENERGY
Alliant Energy
Worldwide Headquarters
4902 North Biltmore Lane
P.O. Box 77007
Madison, WI 53707-1007
www.alliantenergy.com
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News Release
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FOR IMMEDIATE RELEASE Media Contact: Chris Schoenherr (608) 458-3924
Karen Whitmer (608) 458-4839
Investor Contact: Eric Mott (608) 458-3391
Interstate Power and Light Company Completes $150 Million Private Placement of
Preferred Stock
MADISON, Wis. - Dec. 20, 2002 - Alliant Energy Corporation (NYSE: LNT) announced
today that its subsidiary, Interstate Power and Light Company, completed a
private placement of 6,000,000 shares of preferred stock at a price per share to
investors of $25.00.
Interstate Power and Light Company will apply the approximately $144.8 million
of net proceeds from the private placement to repay its short-term debt as it
comes due and for general corporate purposes, including to fund capital
expenditures and to repay other debt.
The private placement of preferred stock was conducted in accordance with Rule
144A under the Securities Act of 1933. The shares of preferred stock have not
been registered under the Securities Act of 1933 and may not be offered or sold
absent registration under such Act or an applicable exemption from the
registration requirements.
Alliant Energy is an energy-services provider that serves more than three
million customers worldwide. Providing its regulated customers in the Midwest
with electricity and natural gas service remains the company's primary focus.
Other key business platforms include the international energy market and
non-regulated domestic generation. Alliant Energy, headquartered in Madison,
Wis., is a Fortune 1000 company traded on the New York Stock Exchange under the
symbol LNT. For more information, visit the company's web site at
www.alliantenergy.com.
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