The following is a summary of the Alliant Energy Corporation (LNT) Q3 2024 Earnings Conference Call Transcript:

Financial Performance:

• Reported Q3 earnings of $1.15 per share, up from $1.05 in Q3 2023, primarily driven by higher revenue from capital investments and favorable timing of income tax expenses.

• Lowered the 2024 earnings guidance to a range of $2.99 to $3.06 per share, reflecting successful mitigation efforts against mild temperature impacts which reduced earnings by approximately $0.10 per share so far.

• Provided 2025 earnings guidance reflecting a projected 6% increase to the midpoint of forecasted 2024 ongoing earnings with a dividend target of $2.03 per share.

Business Progress:

• Announced plans to bring two prestigious data center companies to Big Cedar Industrial Center in Cedar Rapids, Iowa, with expectations of a 20% increase in peak demand over five years.

• Refreshing the Clean Energy Blueprint, enhancing the strategic investment plan with a focus on renewable energy sources and enhancing grid reliability.

• Advanced regulatory initiatives, including rate reviews and filings for renewable and dispatched resources, to ensure the alignment with long-term growth and customer energy needs.

Opportunities:

• Robust capital expenditure plans will drive growth, particularly through new data center demands and increased renewable energy investments.

• Continued focus on economic development and regulatory alignment to support customer affordability and long-term growth.

Risks:

• Potential challenges from reliance on regulatory approvals and market conditions that may impact the timing and scaling of new projects.

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