The following is a summary of the Alliant Energy Corporation (LNT) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Alliant Energy reported Q1 2024 earnings of $0.62 per share, down from Q1 2023's $0.65 per share due to higher financing and depreciation expenses arising from new investments and milder weather conditions.

• Q1 2024 operations and maintenance expenses decreased by nearly $15 million compared to Q1 2023, indicating improved operational efficiency.

• Q1 2024 witnessed better cash flows, up by over $100 million compared to Q1 2023, courtesy of WPL's fuel related cost recoveries and new electric and gas rates.

Business Progress:

• Alliant Energy is close to completing its planned 1.1 gigawatts of solar investment in Wisconsin, positioning the company as the state's largest owner-operator of solar generation.

• The company made progress on its solar investments in Iowa, operationalizing a 50 megawatt solar project with plans to complete the remaining 350 megawatts by the end of 2024.

• Alliant Energy is halfway towards fulfilling its commitment of planting a million trees, a move underscoring its commitment to sustainability.

• Recent legislative developments in Iowa and Wisconsin are set to spur economic growth and lure new businesses.

• The company is revising its clean energy blueprint and planning for additional renewables and dispatchable resources and expects to exceed the 3 gigawatt mark of clean, zero-fuel cost energy sources soon.

More details: Alliant Energy IR

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