Alliant Energy reaches agreement with customer groups on proposed wind project
Thursday, Oct 13, 2020
Alliant Energy’s Iowa utility has reached a settlement with customer groups related to its proposed New Wind Project. The project, if approved, will be up to 500 megawatts, significantly increasing the amount of economical, environmentally beneficial wind energy that Alliant Energy supplies to customers.
“The goal of this project is to bring additional low-cost, clean energy to our customers and the State of Iowa,” said Doug Kopp, president of Alliant Energy’s Iowa utility. “This settlement, which is the result of thoughtful discussions among the parties, is a significant step in achieving that goal.”
Alliant Energy’s Iowa utility is proposing to expand its Whispering Willow Wind Farm in Franklin County and is exploring opportunities to develop wind energy in other areas of the state. The company is pursuing the project now to maximize the value of renewable energy tax credits.
In addition to Alliant Energy, parties to the non-unanimous settlement include the Office of Consumer Advocate, a division of the Iowa Department of Justice; the Iowa Business Energy Coalition, and the Large Energy Group. The project, including the settlement, is subject to approval by the Iowa Utilities Board. A hearing is scheduled for October 26.
The New Wind Project, announced on July 27, calls for placing 250 megawatts of new wind in service in 2019 and the remaining 250 megawatts in service in 2020.
Alliant Energy Corporation’s Iowa utility subsidiary (NYSE:LNT), Interstate Power and Light Company (IPL), utilizes the trade name of Alliant Energy. The Iowa utility is based in Cedar Rapids, Iowa, and provides electric service to 490,000 customers and natural gas service to 225,000 customers. The employees of Alliant Energy focus on delivering the energy solutions and exceptional service their customers and communities expect – safely, efficiently and responsibly. Alliant Energy Corporation is traded on the New York Stock Exchange under the symbol LNT and is a component of the S&P 500.
For more information, please visit : http://www.alliantenergy.com
