Utilities
Utilities - Regulated Electric
$14.79B
3.3K
Key insights and themes extracted from this filing
Total revenues decreased from $912 million to $894 million for the three months ended June 30, 2024, primarily driven by a decrease in gas utility revenue from $77 million to $69 million. Electric utility revenue remained relatively stable at $789 million compared to $799 million in the prior year.
Net income attributable to Alliant Energy common shareowners decreased from $160 million to $87 million for the three months ended June 30, 2024. This decrease is due to an asset valuation charge for IPL's Lansing Generating Station and other factors.
Total operating expenses increased from $695 million to $764 million for the three months ended June 30, 2024. This resulted in a decrease in operating income from $217 million to $130 million.