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Released August 09, 2021 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Midwest utility holding company Alliant Energy Corporation (NASDAQ:LNT) (Madison, Wisconsin) is taking advantage of the ongoing, if somewhat shaky, energy market recovery to pursue its decarbonization goals. The company reported on Friday steady gains in revenue and profits as its service area returned to pre-pandemic levels of economic activity. Industrial Info is tracking more than $2 billion worth of projects from Alliant, nearly half of which is attributed to projects with a high (81% to 99%) probability of beginning construction as planned.
Click on the image at right for a graph detailing Alliant's active capital-spending projects, by fuel type.
Wisconsin Power and Light Company, one of Alliant's two public utility subsidiaries, is laying the groundwork for a series of solar-energy projects across Wisconsin. In July, the Public Service Commission of Wisconsin (PSCW) approved 675 megawatts (MW) of solar-energy projects from Alliant, all of which are part of the company's "Clean Energy Blueprint" to reach net-zero carbon emissions by 2050 and end its use of coal by 2040. Following PSCW's approval, Alliant entered the early construction phase on three projects:
"We've been reducing our carbon footprint for many years, transitioning from older and less-efficient coal units to low-cost and efficient generation resources like wind, natural gas and solar," said John Larsen, the chief executive officer of Alliant, in a recent earnings-related conference call. He noted Alliant reduced its carbon dioxide (CO2) levels by 42% and its water usage by 66% in 2020, when compared with 2005 levels: "We've already met or exceeded our ambitious NOx [nitrous oxides], SOx [sulfur oxides] and mercury emission goals."
Earlier this year, Alliant announced the retirement of the Columbia Energy Center in Pardeeville, Wisconsin, its last coal-fired power plant in the state. The company is preparing to begin an $80 million closure of the primary and secondary ash ponds to comply with regulations from the U.S. Environmental Protection Agency (EPA). Subscribers can learn more from Industrial Info's project report.
Alliant has not yet announced any plans to close its Ottumwa Generating Station in Ottumwa, Iowa, a 726-MW coal-fired power plant managed by Interstate Power and Light Company (IPL), Alliant's other public utility subsidiary. IPL is preparing for an upgrade to Ottumwa's ash-handling system, which supports a tangential-fired, dry-bottom boiler, likely sometime next year. Subscribers can learn more from Industrial Info's project report.
However, Alliant said last year it soon would begin transitioning IPL's coal-fired Burlington Generating Station in Burlington, Iowa, to natural gas. The company is preparing to close ash seal and bottom ash ponds at the facility later this year, and economizer ash and upper ash ponds sometime next year. Subscribers can learn more from Industrial Info's reports on the 2021 and 2022 projects.
"Later this quarter, we plan to file a request for advanced ratemaking principles for up to 400 megawatts of new solar projects in Iowa," Larsen said in the conference call. "The advanced remaking principles process in Iowa includes approval of the return on equity for the life of the asset, depreciation rates and cost caps for the project. We anticipate a decision from the Iowa Utility Board on this filing by the middle of next year."
Alliant's second-quarter earnings totaled $144 million, a 7.5% increase from second-quarter 2020. Revenues were reported to be $817 million, a 7.1% increase from the same period last year.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
Click on the image at right for a graph detailing Alliant's active capital-spending projects, by fuel type.Wisconsin Power and Light Company, one of Alliant's two public utility subsidiaries, is laying the groundwork for a series of solar-energy projects across Wisconsin. In July, the Public Service Commission of Wisconsin (PSCW) approved 675 megawatts (MW) of solar-energy projects from Alliant, all of which are part of the company's "Clean Energy Blueprint" to reach net-zero carbon emissions by 2050 and end its use of coal by 2040. Following PSCW's approval, Alliant entered the early construction phase on three projects:
- the $250 million Wood County Solar Plant in Wisconsin Rapids, which is expected to generate 150 MW; see project report
- the $65 million North Rock Solar Plant in Fulton, which is expected to generate 50 MW; see project report
- the $60 million Bear Creek Solar Plant in Lone Rock, which is expected to generate 50 MW; see project report
"We've been reducing our carbon footprint for many years, transitioning from older and less-efficient coal units to low-cost and efficient generation resources like wind, natural gas and solar," said John Larsen, the chief executive officer of Alliant, in a recent earnings-related conference call. He noted Alliant reduced its carbon dioxide (CO2) levels by 42% and its water usage by 66% in 2020, when compared with 2005 levels: "We've already met or exceeded our ambitious NOx [nitrous oxides], SOx [sulfur oxides] and mercury emission goals."
Earlier this year, Alliant announced the retirement of the Columbia Energy Center in Pardeeville, Wisconsin, its last coal-fired power plant in the state. The company is preparing to begin an $80 million closure of the primary and secondary ash ponds to comply with regulations from the U.S. Environmental Protection Agency (EPA). Subscribers can learn more from Industrial Info's project report.
Alliant has not yet announced any plans to close its Ottumwa Generating Station in Ottumwa, Iowa, a 726-MW coal-fired power plant managed by Interstate Power and Light Company (IPL), Alliant's other public utility subsidiary. IPL is preparing for an upgrade to Ottumwa's ash-handling system, which supports a tangential-fired, dry-bottom boiler, likely sometime next year. Subscribers can learn more from Industrial Info's project report.
However, Alliant said last year it soon would begin transitioning IPL's coal-fired Burlington Generating Station in Burlington, Iowa, to natural gas. The company is preparing to close ash seal and bottom ash ponds at the facility later this year, and economizer ash and upper ash ponds sometime next year. Subscribers can learn more from Industrial Info's reports on the 2021 and 2022 projects.
"Later this quarter, we plan to file a request for advanced ratemaking principles for up to 400 megawatts of new solar projects in Iowa," Larsen said in the conference call. "The advanced remaking principles process in Iowa includes approval of the return on equity for the life of the asset, depreciation rates and cost caps for the project. We anticipate a decision from the Iowa Utility Board on this filing by the middle of next year."
Alliant's second-quarter earnings totaled $144 million, a 7.5% increase from second-quarter 2020. Revenues were reported to be $817 million, a 7.1% increase from the same period last year.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
