Alliant Energy Corporation · NASDAQ:LNT
Alliant Energy — Q1 2021 Earnings Presentation
8 slides from Alliant Energy's earnings presentation, May 7, 2021
Slide 1: Alliant Energy Corporation Supplemental Information
Alliant Energy Corporation Supplemental Information – May 7, 2021 Earnings Call
Slide 2: Forward-Looking Statements
1 Alliant Energy Corporation Supplemental Information -- May 7, 2021 Earnings Call Forward-Looking Statements These slides contain forward-looking statements, including 2021 earnings guidance, terms of the WPL rate review settlement, information regarding forecasted effective income tax rates and re
Slide 3: Recent highlights
2 Recent highlights Environmental Progress - 2020 • Reduced carbon dioxide (CO2) emissions by 42% from 2005 levels • Reduced water supply needed for our fossil generation by 69% from 2005 levels Recognition for Social Strengths • Included in Gender-Equality Index, Bloomberg • Best Places to Work for
Slide 4: Full Year 2021 Earnings
3 Full Year 2021 Earnings Earnings Per Diluted Share Non-GAAP Temperature Normalized Rate base growth – key $3.00 $2.42 $2.57 elements Completion of 1,600 MW $ / share $2.00 Wind Portfolio $1.00 Western Wisconsin Gas $0.00 Expansion 2020 2021 Guidance Midpoint 2021 vs. 2020 Distribution Investments
Slide 5: Annual Effective Tax Rates
4 Annual Effective Tax Rates AEC IPL WPL 2021(a) 2020 2021(a) 2020 2021(a) 2020 Statutory federal income tax rate 21% 21% 21% 21% 21% 21% State income taxes, net of federal benefits 1 2 (2) (1) 6 6 Production tax credits (PTCs) (b) (20) (17) (31) (28) (7) (7) Amortization of excess deferred taxes (c
Slide 6: Key Regulatory Initiatives
5 Key Regulatory Initiatives Completed Remaining WPL WPL • Approval of 675 MW Solar CA • Decision regarding electric and (6680-CE-182) gas rate review (6680-UR-123) • Filed notice of intent to settle (~Q4 2021) electric and gas rate review • Decision regarding CA request (6680-UR-123) for 414 MW of
Slide 7: Filed Intent to Settle WPL Rate Review
6 Filed Intent to Settle WPL Rate Review Key 2 Year Agreement (2022 & 2023) elements Maintains ROE 10% Higher regulatory equity level 54% Levelized Recovery of Edgewater Unit 5 Coal Facility utilizing 9.8% ROE through 2045 (equivalent of 9.2% effective ROE) $70M increase in electric revenue requirem
Slide 8: Reconciliation between GAAP and non-GAAP EPS
7 Reconciliation between GAAP and non-GAAP EPS 2020 GAAP EPS $2.47 Non-GAAP Adjustments: • Credit loss adjustments on guarantees for an affiliate of Whiting (0.02) Petroleum • Tax valuation allowance adjustment (0.02) Non-GAAP EPS $2.43 • Estimated temperature impacts (0.01) Non-GAAP temperature nor