Alliant Energy plans to develop and/or acquire approximately 1,200 MW of new wind and solar generation and approximately 1,000 MW of energy storage over the next five years. These investments are aimed at meeting customer demand and complying with renewable energy standards.

Alliant Energy is investing in upgrading its electric and gas distribution systems to improve safety, reliability, and enable distributed energy solutions. Approximately 28% of Alliant Energy's electric distribution system is currently underground.

IPL and WPL plan to make investments to extend various gas distribution systems to provide natural gas to unserved or underserved areas in their service territories, supporting economic development.

A restructuring and voluntary employee separation program in 2024 is expected to reduce operation and maintenance expenses in the future. This indicates management's focus on operational efficiency.

Alliant Energy is actively managing environmental matters by installing controls to reduce emissions and implementing operational modifications. This demonstrates a commitment to environmental stewardship and regulatory compliance.

Lisa M. Barton has served as President and Chief Executive Officer (CEO) and as a director since January 2024. This represents a change in leadership and could lead to shifts in strategy or execution.

The 10-K highlights the risk that IPL and WPL may not receive adequate rate relief to recover costs and earn authorized rates of return, and that rates may be reduced or refunds required. This underscores the dependence on regulatory outcomes.

The 10-K discusses the potential for increased costs and operational limitations due to environmental regulations, including those related to climate change and GHG emissions. This includes compliance with current and future environmental laws, regulations and permits.

The 10-K acknowledges the threat of cyber attacks and the potential for disruptions to operations, loss of sensitive information, and significant expenses to repair systems and remedy breaches. The company is implementing measures to protect against cyber attacks.

The 10-K discusses the competition Alliant Energy faces from self-generation by large industrial customers, customer- and third party-owned generation, alternative energy sources, and petitions to municipalize.

Alliant Energy is actively working to attract new customers to its service territories through economic development initiatives, including the Major Economic Growth Attraction program in Iowa and Wisconsin's sales and use tax exemption for qualified data centers.

Alliant Energy relies on the MISO markets for electric supply and faces competition from independent power producers, other utilities, and MISO market purchases. The company is working to mitigate the impacts of future EGU retirements while maintaining compliance with long-term electric demand planning reserve margins.

Significant fuel cost reductions beginning in 2023 with the completion of various solar facilities. This is a result of the company's ongoing investment in renewable energy sources.

Completion of a restructuring and voluntary employee separation program in 2024, which is expected to reduce operation and maintenance expenses in the future.

Improving reliability and resiliency with more underground electric distribution, and enabling distributed energy solutions with higher capacity lines. Currently, approximately 28% of Alliant Energy's electric distribution system is underground.

WPL is exploring advanced energy storage technologies, with a compressed CO2-based long-duration energy storage system at the Columbia Energy Center. This demonstrates a commitment to innovative energy solutions.

Installing fiber optic routes between Alliant Energy's facilities to enhance its communications network to improve resiliency and reliability of, and enable and strengthen, the integrated grid network focused on less densely populated rural areas.

WPL's Smart Power Automation for Rural Communities program application has been selected to move into the final stage of award negotiations for up to $50 million in grant funding under the Grid Resilience and Innovation Partnerships Program.

The company has significant capital expenditure plans over the next five years, focused on generation and distribution projects, indicating a commitment to infrastructure investment.

Alliant Energy, IPL and WPL have utilized, and expect to continue to utilize, various provisions of the Inflation Reduction Act of 2022 to enhance tax benefits expected from wind, solar and energy storage projects in Iowa and Wisconsin.

Issuance of new long-term debt at historically low interest rates in 2021 and 2022 by IPL and WPL, indicating a proactive approach to managing capital costs.

Alliant Energy has established voluntary GHG reduction goals and continues to review its strategy, however, the ability to achieve our voluntary GHG reduction goals and implement our strategy is subject to uncertainties as to how climate change concerns will ultimately impact us and various factors that may be out of our control.

Alliant Energy's environmental stewardship efforts include a goal to partner to plant more than 1 million trees by the end of 2030.

Alliant Energy is attentive to environmental and social justice concerns related to renewable energy and a low-carbon economy. There can be no assurance that we would be able to recover all or any increased environmental costs from our customers.

Alliant Energy is focused on expanding electric and gas usage in its service territories by promoting electrification initiatives and economic development.

IPL has entered into electric service agreements with two new customers, who currently expect to build data centers at the Big Cedar Industrial Center in Cedar Rapids, Iowa in IPL's service territory. These agreements include aggregate, maximum demands of approximately 1.9 gigawatts.

Alliant Energy is subject to regulation by various federal, state and local agencies. The following includes the primary regulations impacting Alliant Energy's, IPL's and WPL's businesses.