Alliant Energy Corporation · NASDAQ:LNT
Alliant Energy — Corporate Update (December 2018)
13 slides from Alliant Energy's corporate update, Dec 13, 2018
Slide 1: Natural Gas Interruptible Program Update
Natural Gas Interruptible Program Update Doug Peyton Product Manager Commercial & Industrial Customer Interruptible Programs December 13, 2018
Slide 2: Why do we have a natural gas interrupt program?
Why do we have a natural gas interrupt program? • Allows Alliant Energy to buy less firm pipeline capacity. • Gives you options if you have the flexibility to discontinue gas usage during high constraint periods. • Events are called due to supply constraints and high demand (not pricing). 2
Slide 3: Customer benefits
Customer benefits • Participating interruptible program customers receive a lower interruptible Purchased Gas Adjustment (PGA) tariff rate. • Interruptible customers do not pay for firm pipeline capacity. 3
Slide 4: Tariff and rates
Tariff and rates Purchased Gas Adjustment shown below reflects market costs of natural gas for customers served via the three Pipeline Companies (NNG, NGPL, and ANR). Customer bills are based upon prorated prices, reflecting the number of days in the billing period that fall into each calendar month
Slide 5: Bill Example
Bill Example PGA is prorated between Oct and Nov 5
Slide 6: Steps for calling an interruption
Steps for calling an interruption • Alliant Energy monitors forecasted load and high demand days for the upcoming week. ‒ Effective temperature, historical usage and pipeline capacity. • The greater the drop in daily average temperature below zero, the higher the chance of an interrupt. • Depending
Slide 7: Program event requirements
Program event requirements • Participants will discontinue usage of natural gas during an interruptible event. Alliant Energy does not shut off a customer’s natural gas. ‒ Customers may use 10 therms (1 Dth) per event. • Alliant Energy will give a minimum of two hours advance notice. • Each gas inte
Slide 8: Is this program right for your company?
Is this program right for your company? • Participants must discontinue usage of natural gas during an interruptible event or face a two tier penalty. ‒ Customers may use 10 therms (1 Dth) per event. ‒ Possible pipeline penalties also. • If a customer doesn’t have back up fuel or an alternate heatin
Slide 9: Communicating an interrupt event
Communicating an interrupt event • At the start of an event Alliant Energy will: ‒ Update the interruptible website at alliantenergy.com/interrupteventstatus ‒ Update the hotline (800-241-0588) ‒ Send interrupt notification to participants ‒ Confirm receipt of notifications • At the end of an event
Slide 10: Customer contacts
Customer contacts • All customer contacts have the 2017-18 GAS INTERRUPT CONTACT UPDATE SHEET CUSTOMER: ACME ABC No Changes STRATEGIC ACCT MGR: Doug Peyton Sign, date, and return as instructed below option to receive notification WAVE NUMBER: 1G ACCOUNT NUMBER: 6434300000 via phone, cell, text, fax
Slide 11: Penalties for non-compliance
Penalties for non-compliance • A one-time penalty for using any natural gas over the allotted ten therms (1 Dth) per day at $1 per therm. • Customers can be assessed a one-time penalty for each event for non-compliance. • In addition, there is a monthly overrun charge applied for usage in excess of
Slide 12: Outreach and overview
Gas Interruptible Program Outreach and overview • Program communications ‒ December 13 – Customer letter to update contact information ‒ January 10, 2019 – Customer communication test at 10 a.m. • Overview of 2018 ‒ Wave 1G was called for three consecutive days Dec 30 – Jan 2 ‒ Wave 2G was called fo
Slide 13: Questions?
Questions? Contact: • Your key account manager • Business Resource Center ‒ 8 a.m. to 5 p.m. CST Monday through Friday ‒ 1-866-ALLIANT (866-255-4268) • Email us at businesscenter@alliantenergy.com 13