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 December 16, 2015 - 6:59 PM EST
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Settlement reached in Alliant Energy's Riverside Energy Center case

We Energies and Wisconsin Public Service announce support for the project

MADISON, Wis., Dec. 16, 2015 /PRNewswire/ -- Alliant Energy's plans to build a combined cycle natural gas-fueled generating facility near Beloit, Wis. took a major step forward today as the company reached settlement with two key intervenors in the case, We Energies and Wisconsin Public Service Corporation.

Alliant Energy is the parent company of two public utility companies--Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL)--and of Alliant Energy Resources, Inc. (AER), the parent company of Alliant Energy's non-regulated operations.

The agreement creates mutual opportunities for the parties to invest in joint-ownership generation projects, and contemplates a joint-development agreement for renewable resources, among other items. Alliant Energy has filed the agreement on the Public Service Commission of Wisconsin's (PSCW) website in docket no. 6680-CE-176.

"We've been able to work cooperatively with our neighboring utilities to find a solution that makes sense for energy customers across Wisconsin," said Patricia Kampling, Alliant Energy Chairman, President and CEO. "Along with the modernized Riverside Energy Center, we believe this agreement will help control energy costs for Wisconsin customers for years to come."

Alliant Energy filed for regulatory approval of the proposed 650 MW natural gas-fueled plant with the PSCW in May 2015. Technical hearings before the PSCW are slated to begin on December 21, 2015.

Alliant Energy Corporation's Wisconsin utility subsidiary, Wisconsin Power and Light Company (WPL), utilizes the trade name of Alliant Energy. The Wisconsin utility is based in Madison, Wis., and provides electric service to 460,000 customers and natural gas service to approximately 182,000 customers in more than 600 communities across central and southern Wisconsin. The employees of Alliant Energy focus on delivering the energy and exceptional service their customers and communities expect – safely, efficiently, and responsibly. Visit alliantenergy.com or call 1-800-ALLIANT (800-255-4268) for more information. Alliant Energy Corporation is traded on the New York Stock Exchange under the symbol LNT.

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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/settlement-reached-in-alliant-energys-riverside-energy-center-case-300194237.html

SOURCE Alliant Energy Corporation


Source: PR Newswire (December 16, 2015 - 6:59 PM EST)

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