Alliant Energy
| Company type | Public |
|---|---|
| Industry | Electric power, Natural gas, Energy |
| Founded | 1981 |
| Headquarters | Madison , United States |
Area served | Iowa, Wisconsin |
Key people | Patricia Kampling (former CEO) |
| Products | Electricity and gas services; energy engineering; ground transportation logistics |
| Website | www |
Alliant Energy Corporation is a publicly traded utility holding company based in Madison, Wisconsin, delivering electricity and gas services across Iowa and Wisconsin.
History
During the late 1920s, Interstate Power and Light Company (IPL) expanded its reach throughout Iowa, Wisconsin, Minnesota, the Dakotas, Nebraska, Oklahoma, and Manitoba. A significant acquisition included territory in northern Minnesota previously owned by the Wilbur Foshay interests.
The 1930s and 1940s brought regulatory shifts and economic challenges from the Great Depression that affected IPL's operations. Legislation in Iowa encouraged the growth of municipal utilities, resulting in more than 100 municipal utility systems in the state today. By 1940, Nebraska mandated that investor-owned utilities divest to public power districts.
Throughout the 1940s, IPL streamlined its focus by selling off isolated service areas beyond its core southern Minnesota and northern Iowa region. This included divestitures of northeast North Dakota, northern Minnesota, and Emerson, Manitoba by 1944, South Dakota properties in 1946, and Waconia, Minnesota in 1956. The company simultaneously acquired neighboring assets from Eastern Iowa Power and Central States Power and Light to consolidate its network.
Operations in Wisconsin were transferred to Wisconsin Power and Light (WPL), which now forms part of Alliant’s eastern service territory.
The other component of IPL, IES Utilities, originated as the Iowa Railway and Light Corporation in 1925. It expanded across southern Iowa by acquiring Union Electric’s operations within the state. In the mid-1990s, IES merged with IPC to create Interstate Power and Light Company.[1]
Currently, IPL provides electricity and natural gas services to communities throughout Iowa, while WPL serves customers in southern and central Wisconsin.[2]
In late 2007, Alliant divested its Illinois utility operations by selling them to Jo-Carroll Energy.
In 2000, Alliant secured naming rights for the Dane County Expo Center near Madison, which was subsequently renamed the Alliant Energy Center.
During the 1970s, IES constructed the 615 MW Duane Arnold Energy Center nuclear facility located in Palo, Iowa; Alliant sold its ownership interest to FPL Energy in 2006.[3]
Beyond regulated utilities, Alliant provides unregulated services including ground transportation logistics and energy engineering with a focus on wind and geothermal technologies.
In 2007, Alliant purchased the 200 MW Buffalo Creek Wind Farm situated in Hampton, Iowa from Wind Capital Group.Cite error: The opening <ref> tag is malformed or has a bad name
That same year, it sold its transmission assets in Iowa and Minnesota to ITC Holdings.
In 2015, Alliant completed the divestiture of its Minnesota service territory to a group of twelve electric cooperatives.
Beginning in 2016, Alliant promoted electric vehicle adoption by offering $500 rebates for residential charging stations along with complimentary public charging at its Madison headquarters.Cite error: The opening <ref> tag is malformed or has a bad name
On October 23, 2020, Cedar Rapids renamed its downtown convention center as the Alliant Energy Power House under a twelve-year naming rights agreement with Alliant.[4]
Subsidiaries
- Interstate Power and Light Company (IPL) operates as a public utility providing electricity generation and distribution along with natural gas transportation services throughout Iowa.
- Wisconsin Power and Light Company (WPL) delivers comparable electric and gas utility services across southern and central regions of Wisconsin.
- Travero, Inc is a logistics enterprise offering services such as brokerage, trucking, rail transport, transloading, and warehousing.
Politics
Patricia Kampling, the former CEO, emphasized Alliant Energy's partnership with the American Wind Association in honoring Republican Senator Chuck Grassley from Iowa with the Wind Champion Award presented by AWEA. This recognition reflects Grassley's efforts in promoting the federal renewable energy production tax credit, which has facilitated expansion within the wind energy sector.
External links
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- Pages with reference errors
- Articles with short description
- Alliant Energy
- Electric power companies of the United States
- Natural gas companies of the United States
- Nuclear power companies of the United States
- Energy companies established in 1981
- Non-renewable resource companies established in 1981
- 1981 establishments in Wisconsin
- Companies based in Madison, Wisconsin
- Companies listed on the Nasdaq
- Companies formerly listed on the New York Stock Exchange