Exhibit 99.1
alliantenergylogo8k02222018.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 2017 RESULTS

MADISON, Wis. - February 22, 2018 - 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 2017 and 2016 as follows:
 
GAAP EPS from
 
Non-GAAP EPS
 
Continuing Operations
 
from Continuing Operations
 
2017
 
2016
 
2017
 
2016
Utilities and Corporate Services

$1.82

 

$1.75

 

$1.80

 

$1.75

American Transmission Company (ATC) Investment
0.11

 
0.10

 
0.11

 
0.10

Non-utility and Parent
0.06

 
(0.20
)
 
0.02

 
0.03

Alliant Energy Consolidated

$1.99

 

$1.65

 

$1.93

 

$1.88


“We once again delivered solid financial and operational results in 2017. Our 2017 temperature normalized Non-GAAP earnings per share were $1.99, 6% above calendar year 2016, and consistent with our long-term earnings growth goal,” said Patricia Kampling, Alliant Energy Chairman and CEO. “I am proud to report that over the last 5 years we have delivered a total shareholder return of 130%, exceeding the growth of both the S&P 500 and the EEI Utilities Index.”

Utilities and Corporate Services - Alliant Energy’s Utilities and Alliant Energy Corporate Services, Inc. (Corporate Services) operations generated $1.82 per share of GAAP EPS from continuing operations in 2017, which was $0.07 per share higher than 2016. The primary drivers of higher EPS were higher margins resulting from Interstate Power and Light Company’s (IPL’s) interim retail electric base rate increase implemented in April 2017 and Wisconsin Power and Light’s (WPL’s) retail electric and gas base rate increases implemented in January 2017. These items were partially offset by higher depreciation expense from rate base additions and updated WPL depreciation rates, higher energy efficiency cost recovery amortization at WPL, and impacts of milder temperatures on retail electric and gas sales in 2017.

Non-utility and Parent - Alliant Energy’s Non-utility and Parent operations generated $0.06 per share of GAAP EPS from continuing operations in 2017, which was $0.26 per share higher than 2016. The primary drivers of higher EPS were asset valuation charges of $0.23 per share related to the Franklin County wind farm in 2016 and effects of Tax Cuts and Jobs Act (Tax Reform) in 2017.

Earnings Adjustments - Non-GAAP EPS for 2017 excludes the write-down of regulatory assets due to the IPL retail electric rate review settlement and the effects of Tax Reform. Non-GAAP EPS for 2016 excludes asset valuation charges of $0.23 per share related to the Franklin County wind farm. 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 - The estimated impact of milder temperatures on retail electric and gas sales was a $0.06 per share loss in 2017. The temperature normalized Non-GAAP EPS from continuing operations for fiscal year 2017 is $1.99. Temperature impacts did not affect Non-GAAP EPS from continuing operations for fiscal year 2016.


1

The following information was filed by Alliant Energy Corp (LNT) on Thursday, February 22, 2018 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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