Exhibit 99.1
alliantenergylogo8k02232017.jpg
Alliant Energy Corporation
Corporate Headquarters
4902 North Biltmore Lane
Madison, WI 53718-2148
www.alliantenergy.com
News Release
FOR IMMEDIATE RELEASE
 
Media Contact:
 
Scott Reigstad (608) 458-3145
 
 
Investor Relations:
 
Susan Gille (608) 458-3956

ALLIANT ENERGY ANNOUNCES 2016 RESULTS AND 2017 EARNINGS GUIDANCE
Updates forecasted 2017-2020 capital expenditures

MADISON, Wis. - February 23, 2017 - Alliant Energy Corporation (NYSE: LNT) today announced U.S. generally accepted accounting principles (GAAP) and non-GAAP consolidated unaudited earnings per share (EPS) from continuing operations for 2016 and 2015 as follows:
 
GAAP EPS from
 
Non-GAAP EPS
 
Continuing Operations
 
from Continuing Operations
 
2016
 
2015
 
2016
 
2015
Utilities, ATC and Corporate Services

$1.85

 

$1.66

 

$1.85

 

$1.72

Non-regulated and Parent
(0.20
)
 
0.03

 
0.03

 
0.03

Alliant Energy Consolidated

$1.65

 

$1.69

 

$1.88

 

$1.75


“In 2016, we once again delivered solid financial and operational results,” said Patricia Kampling, Alliant Energy Chairman, President and CEO. “Consistent with our long-term earnings growth goal, our temperature normalized non-GAAP earnings per share increased by 5% over calendar year 2015. We will continue to balance operational and financial discipline, cost impact to customers and capital investments while earning our authorized returns.”

Utilities, ATC and Corporate Services - Alliant Energy’s Utilities, American Transmission Company LLC (ATC) and Alliant Energy Corporate Services, Inc. (Corporate Services) operations generated $1.85 per share of GAAP EPS from continuing operations in 2016, which was $0.19 per share higher than 2015. The primary drivers of higher EPS were higher electric and gas margins, higher allowance for funds used during construction (AFUDC) related to the Marshalltown Generating Station, and losses on sales of IPL’s Minnesota electric and gas distribution assets in 2015.

Non-regulated and Parent - Alliant Energy’s Non-regulated and Parent operations generated ($0.20) per share of GAAP EPS from continuing operations in 2016, which was $0.23 per share lower than 2015. The primary driver of lower EPS was asset valuation charges of $0.23 per share related to the Franklin County wind farm in 2016.

Earnings Adjustments - Non-GAAP EPS for 2016 excludes asset valuation charges of $0.23 per share related to the Franklin County wind farm. Non-GAAP EPS for 2015 excludes $0.04 per share of losses on sales of IPL’s Minnesota electric and gas distribution assets and $0.02 per share of voluntary employee separation charges. Non-GAAP adjustments, which relate to material charges or income that are not normally associated with ongoing operations, are provided as a supplement to results reported in accordance with GAAP.

Temperature impacts to Non-GAAP EPS from Continuing Operations - Temperature did not affect Non-GAAP EPS from continuing operations for fiscal year 2016. Temperature impacts to 2015 Non-GAAP EPS from continuing operations was a $0.04 per share loss, which represents Alliant Energy’s estimate of the negative impact of temperatures on electric and gas margins. The Temperature normalized Non-GAAP EPS from Continuing Operations for fiscal year 2015 is $1.79.


1

The following information was filed by Alliant Energy Corp (LNT) on Friday, February 24, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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