(LNT) Alliant Energy - Ratings and Ratios

Alliant Energy Corporation (NASDAQ:LNT) is a utility holding company that delivers regulated electric and natural gas services across the Midwest. The company operates primarily through two segments: Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL). IPL serves retail customers in Iowa, providing electricity and natural gas, while also supplying wholesale electricity to markets in Minnesota, Illinois, and Iowa. Additionally, IPL generates and distributes steam for industrial customers in Cedar Rapids. WPL operates similarly in Wisconsin, delivering electricity and natural gas to retail customers and wholesale electricity within the state. The companys customer base spans industries such as agriculture, manufacturing, and food production, as well as municipalities and rural cooperatives. Beyond its core utilities, Alliant Energy owns and operates transportation assets, including a short-line rail service in Iowa, a Mississippi River terminal in Illinois, and freight brokerage services. It also offers wind turbine blade recycling and operates a rail-served warehouse in Iowa. The company holds stakes in a natural gas-fired power plant in Wisconsin and a wind farm in Oklahoma. Originally named Interstate Energy Corp., Alliant Energy adopted its current name in May 1999 and is headquartered in Madison, Wisconsin.

Alliant Energys operations are supported by a diverse energy portfolio, including renewable sources such as wind and traditional generation methods like natural gas. The company has been expanding its renewable energy investments, aligning with broader industry trends toward decarbonization. Its transportation and logistics assets add diversification to its revenue streams, reducing dependence on utility operations. The companys service territories in Iowa and Wisconsin position it to serve both urban and rural markets, providing a balanced customer mix. Alliant Energy has also emphasized grid modernization and infrastructure upgrades to improve reliability and meet growing demand for clean energy.