Alliant Energy Corporation · NASDAQ:LNT
Alliant Energy — Corporate Update (December 2020)
19 slides from Alliant Energy's corporate update, Dec 2, 2020
Slide 1: Energy Cost Outlook for Community Leaders
Energy Cost Outlook for Community Leaders November 2020 NOTE: This slide deck includes updated slides 12, 14 and 15, which were updated on December 2, 2020 to reflect an adjustment in transmission cost allocations calculated after the initial presentation of these slides.
Slide 2: Agenda
Agenda • Derecho overview • COVID update • Clean Energy Blueprint • Energy cost overview • Questions and survey 2
Slide 3: Powering Through, Together
Powering Through, Together The derecho that hit Iowa was the second most costly storm to impact the US this year, trailing only Hurricane Laura. Our response efforts: • 341 communities impacted and over 256,000 customers without power • Worked as quickly and safely as possible to restore power • All
Slide 4: Powering Through, Together: bill support
Powering Through, Together Support for residential energy bills is available, but the time to apply is quickly running out. • Supporting customers with flexible payment arrangements • Proactive outreach about available resources IEDA Residential Utility Disruption Prevention Program • Provides eligi
Slide 5: Iowa Clean Energy Blueprint
Iowa Clean Energy Blueprint In October, we announced our next set of plans for our ongoing transition to renewable energy. Smart investment, economic catalyst, healthy environment. Highlights 100 MW in communities: • More depth on current battery storage • Community Solar/Customer Hosted 400 MW of s
Slide 6: Wind projects come to completion
Wind projects come to completion Completed plan to add 1,000 MW of wind generation in Iowa from 2018- 2020 Energy for 430,000 Iowa homes Brings ownership to 1,299 MW in Iowa We are now the third largest utility owner-operator of regulated wind in the United States. 6
Slide 7: Electric bill breakdown
Electric bill breakdown Line items that make up your bill Explanation Basic service charge Base costs for each customer no matter their usage Usage costs Cost based on the amount of energy a customer uses, this appears as Summer rates and/or Winter Step rates on your bill. Energy adjustment charge T
Slide 8: Impact of each line item on your electric costs
Impact of each line item on your electric costs As of June 2020 8
Slide 9: EAC: Wind, tax benefits drive lower cost
EAC: Wind, tax benefits drive lower cost The EAC (Energy Adjustment Charge) line item on a customer bill tracks the actual cost to purchase or produce the energy our customers use, as well as other costs/benefits. EAC Drivers: • A tax benefit reduction continues through June 2021 • Additional wind r
Slide 10: RTS: Transmission trends higher
RTS: Transmission trends higher The RTS, or regional transmission MISO return on equity (ROE) refund service charge is a pass-through of transmission costs from our provider, ITC ‒ A group of customer advocates and Midwest. These costs are approved by utilities asked federal regulators to lower fede
Slide 11: RER: Tax credits, true-up drive lower factor
RER: Tax credits, true-up drive lower factor The RER or Renewable Energy Rider includes costs and tax benefits from renewable energy (Wind I and Wind II projects only) RER Drivers: • Greater amount of production tax credits from more wind generation • Income tax benefits • A true-up of 2020 RER coll
Slide 12: 2021 electric cost outlook
2021 electric cost outlook This information is based on forecasts of future costs and includes yet-to-be-approved proposed costs and the EAC, For residential and small commercial customers which is subject to monthly changes. This will be updated as new information is available at Line items that ma
Slide 13: Monthly Residential Electric Bills - Distribution
Monthly Residential Electric Bills - Distribution Distribution of Monthly Bill Amounts Customers’ average bills can vary significantly due to their usage *data represents 12 months ending Monthly bill amount October 2020 • Customer average bills vary based on individual usage patterns. • Approximate
Slide 14: Residential electric cost trends (2018-2021)
Residential electric cost trends (2018-2021) Updated slide - 12/2/2020 $124 $125 $122 $116 5.1% 1.8% 1.2% 2018 2019 2020 2021 Note: This calculation uses an average residential customer usage (734 kWh/month). Actual usage varies significantly from one residential customer to another. This is used to
Slide 15: General Service electric cost trends (2018-2020)
General Service electric cost trends (2018-2020) Updated slide - 12/2/2020 $310 $320 $294 $280 4.8% 6.1% 3% 2018 2019 2020 2021 Note: This calculation uses an average general service customer usage (1,950 kWh/month). Actual usage varies significantly from one business customer to another. This is us
Slide 16: Residential natural gas cost trends (2018-2020)
Residential natural gas cost trends (2018-2020) $59 $60 $48 $54 1.1% -20.4% 13% 2018 2019 2020 2021 Note: This calculation uses an average residential customer usage (63 therms/month). Actual usage varies significantly from one residential customer to another. This is used to illustrate the average
Slide 17: Upcoming community interactions
Upcoming community interactions • Leadership Roundtable events ‒ Look for 2021 schedule to be released ‒ Will consider return to in-person events if safe • Mid-year energy cost update webinar • Quarterly community newsletter • Visits from your community contact ‒ Fall touch base is wrapping up ‒ Com
Slide 18: Your questions
Your questions • Your questions? ‒ Use the chat feature to submit your questions! • Need follow-up? Contacts for cities: ‒ Contact your account manager or the business resource center (1-866-ALLIANT) ‒ Email businesscenter@alliantenergy.com ‒ alliantenergy.com/iowarates 18
Slide 19: Thank you for attending!
Your input on today’s presentation • RSVPed attendees will receive a link to take a survey ‒ Your input is valuable for planning our next webinar Thank you for attending! 19