LNT - Earnings call transcript Q4 2024 | Alliant Energy Corporation

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Operator

Thank you for holding, and welcome to Alliant Energy's Year-End 2024 Earnings Conference Call. [Operator Instructions] Today's conference is being recorded. I would now like to turn the call over to your host, Susan Gille, Investor Relations Manager at Alliant Energy. Please go ahead.

Susan Gille

Good morning, I would like to thank all of you on the call and the webcast for joining us today. participation. your appreciate We

today Executive Barton, Vice here and and Robert Durian, President are me President Lisa CEO; With and CFO.

by questions community. remarks time prepared Lisa we Robert, Following will to take from investment the and have

web year-end on We issued last This of XXXX quarter during release page will a release our call the as results affirmed are guidance an today's and earnings be at Alliant and presentation website night financial earnings www.alliantenergy.com. fourth announcing news Investor Energy's available range. well and our as referenced

include, Before the forward-looking we your this our remind results to begin, Energy's questions in risks I these to need in could matters materially are forward-looking Exchange Securities to and statements remarks call night obligation different. news last to filings We you that answers These among Alliant on we with our actual risks make statements. subject the update statements. include Commission. and Those discussed others, any forward-looking cause and release to disclaim be

this ongoing ongoing contains is release, that References which measure. in ongoing a to exclude is reconciliation presentation The is associated which references earnings measures on the financial share ongoing normally with charges not available per or non-GAAP are earnings material and income GAAP website. operations. between to earnings addition, provided In our

XXXX. and due $X.XX the XXXX. Iowa second share $X.XX the of the An IPL's station recorded $X.XX of deferred tax reform of in retirement of of generating tax IPL in recorded second quarter in related and $X.XX assets at separation Lansing Non-GAAP recorded of share include to assets fourth to valuation steam of for share in quarter asset recorded XXXX. quarter and share adjustments XXXX, of the charge adjustment an charge XXXX voluntary in asset an per per fourth per quarter charges Restructuring of employee obligation per

call over turn to this Lisa. I the will point, At

Lisa Barton

thank and everyone, Good Sue. you Thank you, for us. morning, joining

our priorities. XXXX we of strategic key operational financial during progress solid year another and performance, which marked on made considerable

As look support providing we importantly, shareholder strategic on for achieving and customers' enhance strong growth to ability performance communities financial XXXX, towards our to key and generations XXXX progress come. we'll our drive our updates our operational objectives now review for to and that ahead

Reflecting the we one on and built, well strong we that to I'm XXXX, drive positions extremely us proud and growth progress of made sustainable meaningful foundation value. deliver the

dividend X%. gigawatts EPS leadership to straight renewables. target energy increased wind XXXX reinforcing XXst Our growth X% to gigawatt marking our regulated in the long-term year of increases. ongoing of our aligns successfully X.X We investments, We generation our commissioned fleet, with XXXX our with adding X.X solar owned dividend of

approved through retention decade end rate company positions rate allows on in return to electric development invest to the communities. the through new customer and support economic construct while to of economic to credits, demand, benefit development in to its the Iowa with grow tandem authorized capture growing provides we review stabilizes us energy framework customers of an revenues for enabling the Our to energy tax capacity margins the equity our rates energy meaningful electric construct growth economic base in through company our and development success earn support a resources individual rate

efforts, a X.X up By securing milestone significant Cedar our of our of data in site approved at load to into commitments we putting Rapids. newly IUC agreements reached Big with Cedar our gigawatts action, signed construct center in development economic

we X to contract. of data and key ICR in construct look filed or this centers, review Iowa of ICR the tools an forward development Our recently for Iowa individual and rate Wisconsin growth. community economic for and customer are We contract IUC's X

first the We be to contract quarter. ICR expect in filed second the

to benefit in ensuring committed As be existing and we confidential shareholders, new these we customers customers, demonstrated have highlighted all our will filings. in ICRs are calls, which previous

is creating to strategy and to projects, legislation to the support term. Governor, Our development objectives opportunities to for continue purpose-driven economic measures recently providing We growth that taking continues fast To enacted tools accelerate X operational today Reynolds, our to the Kim states in enable have operate the our development, new to year investment. state. support last advance in and track over legislation team long legislation adopted and mega economic complement Iowa financial achievement and of introduced

the energy the every thresholds and solutions Key least all of X to IUC the requirements in above non-contested with and advanced and include for the megawatts integrated the provisions Iowa. lowering advanced resource ratemaking eligibility plan ratemaking for technologies to years, non-contested to bill at XX of requirement IRPs filings file expanding encourage

In that With customer in legislature principle data investments a use a land the in for legislation centers. agreement with exemption have Dam, I'm increase Beaver growth enacted in the center sector. that data tax has sales is in to we excited Wisconsin. to This Wisconsin, announce an and purchased and designed mind,

As years noted our in continue development, have focus ahead. this be on focus will and the our in economic we calls, previous to increased months and

support creating we our the to ] communities through investments is in jobs the our and efforts Expanding infrastructure of Wisconsin serve. and service growth drive meaningful the attracting driving in Iowa long-term needed outcomes, territory new in [ advantage economic to competitive development investments, supporting

our plans. to economic back our CapEx development wins Tying

As ramp. XXX center expenditure meet growth. data X.X At our land and we were agreements in energy the where at XXXX, or supply recall, to resource additional of executed to time, load we data have transmission phase now on you awaiting that plan up greater this energy timing of the time, refreshed we We clarity -- fully clarity. the of investments first center megawatts we indicated gigawatts load we by also to November an that backed had capital also incorporate that our

as plans, plan, of resource our expenditure Beaver updated release. Given our QX new earnings Wisconsin demand expect Dam XXXX and location, provided add supply confidence capital financing this in our to we be will center data part plan our to which

on demand purchases. generation, building the into to noted [ response existing using approach to combination to allows ability X, capacity us taking well in are a needs a the ] length while As capacity, accelerate plan CapEx serve future. our meeting load and we new Slide responsible of our these This

Our distribute economic of rates our the addition a customer to including development increase efforts, increase and contributing loads customers. stable new costs base center sales to manageable This for help more data larger across sales. energy projected will are in fixed

speed large expansions. recognize to of growing meeting the whether customers for industries market or critical and load local are We needs they is new

capture [ our new energy us connect track balanced short-term positions MISO successful opportunities. inventory of our to ability gives execution reliable, market portfolio Q Our ] combined existing in resources, and resources our purchases with of these to confidence of record

be Now the a billion investments to expenditure growth present with We for refusal a or associated regional an expect opportunity through assigned strategic enhance right let expects plan grid billion. to impact current approximately to X.X. of investments announced investment opportunity XX% on touch related up Tranche me our not in do process majority since $X additional interest capital competitive would Earlier of opportunities post-XXXX. the of transmission X.X Tranche $X.X MISO MISO be bid the ATC Tranche material to this X.X our for to with us of first American investments year, stability. Company. briefly Transmission capital

while to outages, committed innovations affordability recovery balanced proven by of for are we maintaining Energy, capacity and investments with strengthening times the demand improving cost-effective technologies. future the mix time, meet we expanding growing Alliant energy to and continue At customers. reducing grid a our At same in

dedication relentless not for Looking fuels and value as shareholders. our back purpose-driven our execution only creation CEO, Their our service on first my proud team's strategy. and our to year customers sustainable of of strengthens but also long-term I'm communities, dedication

As Equally commitment to recognize our proud exceptional National line engineers expertise to our Engineers important, I our to deepest energy generation whose industry my gratitude customers. to celebrate team we delivering unwavering and reliable their to extend contributions Week, the dedicated crews forward. and our of team, continue propel extended for innovation I'm

behind dedication the and work our hard the success and progress. operational continued our Your of driving backbone force are

will to provide plans the financial financing update matters. on call our regulatory Robert over I and an turn now to results,

Robert Durian

of we $X.XX share last compounded ongoing annual compared X% per share over Good earnings earnings a Thank to you, excess growth rate per the contributed Lisa. XX ongoing XXXX These earnings morning, ongoing of announced earnings everyone. XXXX. of in to Yesterday, years. $X.XX in

tax higher AFUDC successful year-over-year with drivers and XXXX primarily higher associated portion milder our negative the This capital ongoing offset lower to and change actions of to and related sales investments. largely our negative with impacts due efforts financing year-over-year The temperatures from gas impacts Our on was earnings to O&M lower temperature revenue team's remaining capital customer-focused partially programs. to higher earnings expenditure positive offset and depreciation taken a capture significant electric expense and the expenses. of benefits was requirements by driver

extremely O&M We XXXX proud deliver are manage XXXX, financial long-term consistency. less that of adjustments, efforts non-GAAP $XX our business result were approximately expenses, employees' our the than to million in our to excluding

which savings restructuring in separation workforce, will a cost a in employee sustainable in in of resulted We our X% package voluntary provide also activities which chose completed future. quarter fourth the the reduction for XXXX, who individuals

Alliant of temperatures temperature per The the in record territory Energy's electric XXXX. $X.XX Alliant decreased and Energy's in impacts service warmest In These share share some comparison, approximately winter by the $X.XX on XXXX our by on in decreased U.S. margins across and temperatures per XXXX. were in earnings earnings gas

our margins from customers customers, to residential IPL demand with to mild who our greater-than-forecasted impacts close temperatures, the their partially lower the less were from to by sales to sales due generation. higher-than-expected offset Excluding and operate growth, electric of primarily sales due own meter commercial plan to customers lower-margin industrial

for hour approximately have rates rates for respectively. and XXXX. On compared U.S. focus per in only XXXX. sold X% on average increased XX% retail And a we the X% revenue on to serve. basis, rate when by below bills IPL continued by our keeping inflation WPL, average our gas we XXXX, kilowatt In cost-effective the cost of declined customers approximately Changes the [indiscernible] natural retail to per were a privilege steadfast and electric

cost generation if would and Iowa loan We with to conditional of Wisconsin for value effectively So us of U.S. XXXX in for Energy's $XX customer-focused those of million in loan storage billion grants finalized, investments. finance And clean our the the lower loans create customers were help $X both secured help we awarded future and for from initiatives cost capital future, programs customers. energy commitments for guarantees to office. many Department

all and development turn, We intention our initiated rate And safe customers. us our which portion states, utilizing storage harbor credits tax our customer preserving construct capture as allows individual within are occurring of with in fixed future projects. which energy we states, for both renewable of Lisa reducing of in mentioned, for activities costs, the the will, helping to a activities from growth costs economic absorb qualification

core also with approximately teams our of Our the employees by improved to construction substantial also reduce track capital our increased to This year. our success tax our base XXXX of projected $XXX cash from aligned XXXX, in year. report successful to I'm Wisconsin, result compared utility business. to or our had investments beginning new flows pleased recoveries generated when last working of in key million of by both due set cash expenditures record XXXX. improving successful of rates our procurement successful efforts and the and credits of capital was our XX% projects. execution at with Iowa flows continued investing the the activities primarily in XXXX, requirements that with infrastructure monetization increase operations flows cash proactive and the of

range long-term affirming ongoing our guidance we earnings $X.XX. of we to Moving $X.XX earnings XXXX, And target have X% of XXXX $X.XX growth our are XXXX share. rate based per to to of X% earnings our

regulatory to while efforts value solid to operating smart support ability our controlling making financial all constructive investments outcomes will costs, customer results. and consistently support deliver Our by receiving

financing. to Turning XXXX

earnings Slide capital conjunction call. current next financing expenditure expect plans included which to next are in on with our XXXX Our to update, share on plans anticipate We XXXX X. quarter's we XXXX financing updating our

progress highlight this later well to regulatory plan as our initiatives regulatory initiate filings we I'll as Finally, in those year.

for active customer-focused Service the the Commission of will expected X Forward on for new and timing Center. Commission extend involve enable Bent Public production customers, of Tree the tax storage our long-duration credits Farms will is Service to facilities have Columbia We and the relate refurbished reliability and energy from in in X. These dockets project from facility, decisions requests benefit be enhance next Riverside gas Energy called The provided to progress the of natural Wisconsin, Dome, of Wisconsin, of sited WPL's dockets authority a resiliency to Wind before Slide Wind generating Energy for investments, which these dockets the Public investments. the which certificates which

the have Prairie We XXX-megawatts of existing generating Utilities Cedar the would also active individual new Station. in an approximate Iowa on one seeking filings of Rapids, Creek which Iowa, for an progress before be rate Commission, data located River X Generating side station, in Cedar approval and gas natural the centers the customer for

And meet dispatchable Iowa to customer year also resources later enhance filings retail expenditure filings our to we electric filing our resources we Finally, needs. end renewables for XXXX diversify planned and plan, XXXX updated Wisconsin with conjunction energy and this for year, Wisconsin in rate both this test further expect additional our in of make regulatory and reliability, regulatory anticipate growing gas at years a this quarter. review and and capital the for energy

and thank of call to speaking I'll in time, months. back to you continued many over provide forward with We to the you At your turn support closing coming look remarks. this Lisa for the

Lisa Barton

Robert. you, you what expect by to team. Alliant I'd Thank like from can focusing on the Energy close

value. our to and are advantage driving growth long-term expand by competitive We looking actively sustainable

for at advancing Our and by capacity at regulatory the growth length, outcomes, our adapting and growing through growth, of advocating scale development, and powering new capacity support responsibly pace economic growth response delivering tenants load constructs driving customers value, win-win using to resources, and purchases. and affordability legislative

we've established I'm XXXX. proud of extremely the foundation in

for drive your support. shareholder Thank to positioned continued meaningful well value. growth are you create and We sustainable

session. I turn to the operator time, the over back this question-and-answer the to At will facilitate call

Operator

[Operator at Guggenheim Partners. Shar Instructions] we will First, hear from Pourreza

Shahriar Pourreza

Excellent.

communicate the CapEx next X% quarter. Are the bit CapEx is the on color update. to we -- look piercing Lisa, within as So so you where new we data update a towards we've plan? data the top this get you'll new the on yourself in a center Could could got out coming of Wisconsin, end? XQ, just that Is the especially the more see we X%, center end something revision little

more a Just little sense bit there.

Lisa Barton

QX be what of Phase associated where we'll be gigawatts and the with Phase will that Rapids build-out you will Cedar line see facility. respect as will have of a better II -- Shar, in as sight, well the Wisconsin X.X to much with the I new

Shahriar Pourreza

the... so -- me let So

Lisa Barton

out it's early now right future. into too project think the I to

Shahriar Pourreza

it on -- it's XX% distribution CapEx it. of normal it. pushed will CAGR? the do we you And Got Okay. Got Or then spend see purely just is out? update, Lisa, kind the think additive to

Lisa Barton

is and on needs of we're communities, the the the at what customers so right are are bit our now One little things we now little in a a the more of less generation looking leaning on right and side distribution. just and

Shahriar Pourreza

one, That if then Okay. one And is last perfect. may. I just

any View? updated of back timing of and/or lot Just Big color Any for obviously, a we to can Wisconsin on opportunity. Just Cedar potential around Prairie sec. II a announcement? Phase focus the come Maybe a Iowa that

Lisa Barton

reflected we right what our is basically is now. So Phase in X there what have

customers. X.X different XXX sure other the Phase of totaling and saw is to the And wanting make we QTS, this you we X, to another their being center was probably customers. had one wishes always just that's by there, is gigawatts us our name data point abiding One, with see want the on the X, that announcement Phase we're the time. in that release not X.X X at you So

Shahriar Pourreza

See sense. soon. the Appreciate Got execution. Congrats it. Makes on it. you

Lisa Barton

you. Thank

Operator

Next from Campanella Nicholas at question will Barclays. be

Nicholas Campanella

we like kind CapEx, going can if financing maybe going general that's just be about to Thanks associated incremental And this were to add you that of the just the in your for the wanted I coming what's of with forward? plan. needs equity to ask, on Like across all updates. of when where think trending. us is kind update FFO we debt $X to CapEx

Robert Durian

is Yes. Nick, this Robert.

expenditure be as we on got to sheet. what our as about remaining that first now with characterize we which into first call, think we've cash of bit. flows, I in with with question, XX% and right little the a XX% the where like really a balance your balance -- capital So kind But you we are sheet, new expected stand refresh improving strong as I'll financed get we about here through equity debt think capital think of plan roughly to the through and quarter any about additions would issuances. sharing feel

made because cash about XXXX. with the specifically in progress your flows I we that of as to of the improving million remarks, in some improvements prepared That to implemented as a pretty the we a on my largely tax we increases of saw that XX% with from base saw increase And cash or of our cash was flow We flows operations XXXX. relative recover saw what result $XXX we about significant question, monetization shared infrastructure. credits, rate

But a the probably is our we're one of proud of of optimizing the really capital. working job with things I'm kind good fact more that doing

we're forward continue XXXX, an that monetization So generate additional and and available more and that trend sale. credit probably, storage it in tax continuing as tax build upside are seeing to to actually if to here anything, looking comes more out credits we for when renewables

Nicholas Campanella

you great. versus That's different filing in can in with Wisconsin focus, going [ of rate to And this just kind opportunity you're also cases. this then about be still review That's great. ] Wisconsin prior case talk just soon. the what's Maybe

Robert Durian

last well new rate related the got know projects. we -- base I couple of about Think key I different. characterize the all since as I much for battery rate if the drivers the of we of additions storage of solar kind as review case. predominantly completed this to last don't would it's kind would over years that are

stuff Commission by All been Public the Wisconsin. has approved that Service of

the by which advanced efficiency Neal some that of and projects, been have improve capacity approved PSCW. are ] natural Sheboygan to the also gas facilities intended our and gas [ have We

what for be fuel as of we'll -- those projects from savings we're the So a partially seeking or offset cost some some by for recovery portion base as benefits. additions, recovery the large of of well seeking just rate is tax

So you'll in return we're we case the here commission about have in But as feel good to front a like on of far see equity, positioned typical issues, structure. months. some of as the capital couple the well of a key questions

Operator

at be will from Jefferies. question Next Julien Dumoulin-Smith

Julien Dumoulin-Smith

nicely very done again, congratulations And here.

Lisa Barton

you. Thank

Julien Dumoulin-Smith

visibility about a follow-up of to is you stands how Absolutely. your Maybe and guys ensured to think the repowering. ] harboring to specifically renewables the other on credits item that through ensure just extent a I dynamics the safe through intact. the on around is out question what's and tax you on credit plan. any what along avenues execution and out renewables got access make things just just that plan just backdrop One [ out few the to the including wind the the the beg the with have to sure 'XX, that there, want here. some reliance we've partners of tax plan and/or

Robert Durian

Great question, Julien.

taken down battery on plan. in construction We've the we a projects. significant payments of our that put So activities majority team to, the here would renewables and initiated the into harbor, to us We've quarter activities well of really I'm have projects. stories safe I quarter and fourth the of of position in certain say, extremely actions other proud XXXX first for to the current

characterize well now. projects solar [ a on as women's we go our as ] majority positioned storage feel the the related battery of ] ] -- the I substantial we next renewables, safe the plan as And of years to harboring, projects which well with that right that all would [ through including so X [

Julien Dumoulin-Smith

permitting Right. ] And you of [ comfortable? feel activities is that ongoing inclusive

Robert Durian

put wind Yes. We with lands. to projects We any our don't currently concerns don't permitting. on public have tend

And so don't of that kind face risk.

these positioned other pretty about to some MISO is we've that activities. you on right what ] probably choppy So have of things -- some kind been proactive, and well positions navigate period know us ahead our a able be of now to with previous discussions [ from as and Q of getting

Lisa Barton

just through highlight, We've the Julien. before. And gone safe to harboring

with this. experienced very we're So

So very for ourselves we're positioned the how we've comfortable feeling about future.

Julien Dumoulin-Smith

appreciate I I nothing would less, expect Lisa. it.

knowing Just your -- you and team.

indicate bit to pretty the you right? respect to the the little you the by elaborate piece, clarity be seem they swift quarter on here here, opportunity get line X.X to opportunity I a plan. coming don't to imagine X.X-ish, bit on period, as like as the first slide that know, online that further up much be slides, Can opportunity time that the to slide it a the shows I with get Just in to time quickly, full, 'XX data will right, For delineated can gigawatts that little bucket? be upside on given seems something that talk more center in all to real

Lisa Barton

So light see it extensions. Those way, and resources. our terms you'll what opportunities. It balanced why we're is where of a so will be active of think this will approach are discussions forth. in having companies the blue of be upside that new, it That's very much

intended to evaluating we As in know, Columbia. and ] extended -- Columbia and [ convert Edgewater. you We're

really is using sure we're knocking, they'll above we're first when Alliant centers positioning comes as data to all possible that that competitive make the place that come of it ourselves. when an so as So go. to approach want We the

we're we'll that's And All you for taking. be a approach in QX. revealed in that have So QX. will more the lot information

Julien Dumoulin-Smith

Yes, the opportunities. upside Excellent. including

Operator

Next question Scotiabank. Andrew from will at Weisel be

Andrew Weisel

first up to is Just Big this clear, fully to at question, booked point? be clarify, essentially Cedar

Lisa Barton

is. It

Andrew Weisel

feel that of you be number you you ample is, to knocking door. customers the strong Beaver other then able serve words, additional customers you've got customer confident guess you'll new good time? a data opportunity potential do problem how have your And a lot have center where of come a Great. I confident In at should do over you have feel then sites. you Okay. Dam, question at the my that

Lisa Barton

attract to We really ourselves position as to much possible. want our economic as communities development for

made. -- we're some the decisions we've why that's that so we've made And of

how to to be win-win-win. and attract customers team existing to a enough. figuring emphasize can't It sure out as needs development that not as economic but make these a focused on shareholders well. for is new I well that only win Our it's customers, customers acutely as

The not one land the in necessary. been mind that we've a to opportunities. you've just that had thing It's other while types that generation is have, we tied growth like some to of is accelerator of jurisdictions, are their keep the having to great looking these meet sufficient capacity But seen these needs. of in customers for really available transmission some for it's and

have will pretty planning We we and I of a flexible adaptive, number process, very resource our peers. -- that think, allows be us to a to compared

Andrew Weisel

Okay. terms it neatly in Great. hand, my how do very legislation That's helps with actually Iowa about question. flexibility mean thereof. resource you next helpful in one planning, generation integrated ties lack on I think and very proposed into long-term or about of planning. the in that The

in limiting hand, going terms to adding you're about fast-moving how very of that flexibility? you have do On think or data hyperscalers to the to so centers, other flexible your be work these and with

Lisa Barton

to we need. what is we that a have flexibility I resource because the go can of think that exercise a in and to high amount any is legislation plan be and plan of as more not terms to adapt intended considerable filing it's years. we actually you that file What have of often. relatively to the we'd resources medium our [ recall, through, do order with last We to the allowed we time. low, X people basically really customers beyond us had ] determining low neutral in needs to may -- communities cases. And respect went that And at

So another plan. in file we go and I mean, we to tomorrow, frankly, can in quite resource if tomorrow go wanted

what So development. that of we feel very advance we it's to economic need supportive

Andrew Weisel

one And if Great. last I Okay. one, may.

Lisa Barton

if... Oh,

Andrew Weisel

sorry, go ahead.

Lisa Barton

-- correction a a one do cedar. big I is bit to of what still do have room Just little earlier, have I which said we

apologies. my So

Andrew Weisel

Great. Can ratemaking in you you might might always and One proposed it proposal little of maybe [ if detail little think what's it the way, it Okay. good and ] past. maybe a forward? talk target, thing. legislation that a that maybe more I describe can going The about clarify last has is the options bit out? a advanced More how in how been moving things just a bit on play Or one.

Robert Durian

a That's question, great Andrew.

taken legislation expanded ratemaking have with in that the advanced battery principles as program well largely was nuclear. to renewable already it we include recent larger more recently utilize storage gas to It some of for historically, facilities, expansion So passed. opportunity natural some as our our

Now they've call all even above the taken they've more it requirement I where of megawatts. approach, gas a, XX the of to lowered down an

so as able to of kinds see use really coming all this a to we great meet new opportunity resources customers. And see be different demands to from the that we

So a lot ] [ it. there's with of flexibility

meet ability the it think of to resources. different able of with willingness of be a I the the got demonstration drive Iowa to to it's kind with just of state to economic development make flexibility we've sure

process forward to seeing the in we'll looking that future. here the utilize and through we're So that go legislation hopefully, near

Andrew Weisel

to be theme. you. appreciate the a I help. seems Flexibility Thank

Operator

hear Fremont from , Paul at [Operator will Next Instructions] we Ladenburg.

Paul Fremont

as Can Wisconsin, similar what potentially large quarter. and place you Iowa look data especially in centers? structure you Congratulations on a would good to regulatory a like put have into for -- you

Lisa Barton

X a Iowa growing every Iowa, In of could Yes, it's and in we're construct. question. forward-looking challenge I constructs Wisconsin had the be terms say, have in Wisconsin, because don't really became every a very we'd with years, that great -- it at a pace customers. our we different where so mean X years go of maybe in in, it

plans. no So

Paul Fremont

contract Iowa. in flexible -- legislation what describe being like? you discuss in considered How what I one a guess, changes slides, what's Can -- those in of of -- rate you your Okay. mentioned might can look you part structure as

Lisa Barton

the customer So individual rate?

Paul Fremont

Yes.

Lisa Barton

referring I think what Yes. to. you're that's

otherwise the allows do particular They to So individual have approved. worked for the within is then confidentially to through us to construct submitted that it's a that their have is last is XX contracts And we year. for approval. customize what of the the settlement days rate that IUC to And act the with we or needs associated customer customer. it

Paul Fremont

Iowa. But is of in Right. proposed in words, other legislation sort slide the

So how that about large flexible What talking a help changes in would they companies are electric mean terms establishing user of customers. change? tool energy would terms rate in What attract new to changes that of Iowa? utility

Robert Durian

Paul, Yes, is this Robert.

further. customer If expand think rate expansion. this you're that a legislation There do. point say, about the that in further as it even what's parameters being would would just in you proposed of the was time, to are certain, the approved This individual I it and allow order thinking at rate

types it more gives data in ] offer the more of that rate individual we customers with customer rate centers So even us to rates even the less are beyond [ opportunity those flexibility to the order. currently or pursuing

Paul Fremont

last to all Great. of of Or add, the is generation that as then of in of And that renewable? that should due additional some looking gas? we the to think terms question, being you're

Lisa Barton

it sounds the above. of -- Yes. It [ ] all be will gas. It's

Operator

be will Khan question from Ashar at Veriton. Next

Ashar Khan

questions My appreciate been have answered. I it.

Operator

further are you. at Gille, no Thank questions there Ms. this time.

Susan Gille

support questions, questions. With Energy, you website. and will continued our with contact for feel more no Alliant any investor to thank available replay your me call. this of on concludes be our We free follow-up A

Operator

of that at today. for does and this Enjoy again, Once call Ladies day. lines. you. please time, you thank ask your you rest attending. disconnect this for indeed we your the gentlemen, conference And conclude Thank your

Alliant Energy (LNT) 21 Feb 252024 Q4 Earnings call transcript