Exhibit 99.1

 

LOGO

Alliant Energy Corporation

Corporate Headquarters

4902 North Biltmore Lane

Suite 1000

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 2011 RESULTS

MADISON, Wis. – February 10, 2012 – Alliant Energy Corporation (NYSE: LNT) today announced U.S. generally accepted accounting principles (GAAP) and non-GAAP consolidated unaudited earnings from continuing operations for 2011 and 2010 as follows:

 

Earnings Per Share (EPS):

  Adjusted (non-GAAP)
EPS from Continuing
Operations
          GAAP EPS from
Continuing Operations
 
    2011      2010           2011      2010  

Utilities

    $2.77            $2.65               $2.57            $2.51      

Non-regulated and Parent

    (0.01)           0.10               0.16            0.11      
 

 

 

    

 

 

       

 

 

    

 

 

 

Alliant Energy Consolidated

    $2.76            $2.75               $2.73            $2.62      
 

 

 

    

 

 

       

 

 

    

 

 

 

“2011 utility and transportation results were in line with our expectations, however RMT results disappointed,” said Bill Harvey, Alliant Energy Chairman and CEO. “Our utility, transportation and non-regulated generation businesses continue to produce solid financial results. In 2012, we will continue to provide safe, reliable service to our customers and will remain focused on delivering earnings growth by successfully executing our strategic plan, including continued implementation of operating modifications and efficiencies throughout the business to control costs.”

Utilities - Alliant Energy’s utility operations generated $2.77 per share of non-GAAP EPS from continuing operations in 2011, which was $0.12 per share higher than in 2010. Earnings for Alliant Energy’s utility business were positively impacted by the implementation of new electric base rates in its three retail jurisdictions, lower capacity payments, production tax credits generated by Wisconsin Power and Light Company’s (WPL’s) Bent Tree wind project in 2011 and positive weather impacts on electric sales. The positive EPS drivers were partially offset by depreciation and operating expenses for WPL’s Bent Tree wind project, higher electric transmission expenses net of recoveries, income tax impacts at Interstate Power and Light Company (IPL) due to Iowa rate making practices, allowance for funds used during construction on WPL’s Bent Tree wind project in 2010 and higher depreciation expense.

Non-regulated and Parent - Alliant Energy’s non-regulated and parent operations generated a loss of $0.01 per share of non-GAAP EPS from continuing operations in 2011, which was $0.11 per share lower than in 2010. Earnings for Alliant Energy’s non-regulated business were negatively impacted by losses at RMT, Inc. (RMT) due to solar subcontractor performance and erosion of margins on wind projects. This negative EPS driver was partially offset by higher earnings generated by Alliant Energy’s Transportation business.

Earnings Adjustments - 2011 non-GAAP EPS excludes net losses of $0.03 per share from adjustments consisting of restructuring and impairment charges, regulatory-related charges and credits, charges related to an amendment to Alliant Energy’s Cash Balance Pension Plan, charges for emission allowance contracts and the reversal of deferred tax valuation allowances. 2010 non-GAAP EPS excludes net losses of $0.13 per share from adjustments consisting of regulatory-related charges and credits, healthcare legislation charges, restructuring and impairment charges, gains related to completion of federal income tax audits and a depreciation adjustment. These adjustments, which relate to significant charges or gains that are not normally

 

Page 1 of 10


The following information was filed by Alliant Energy Corp (LNT) on Friday, February 10, 2012 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.

View differences made from one year to another to evaluate Alliant Energy Corp's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Alliant Energy Corp.

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account