Alliant Energy Corporation · NASDAQ:LNT
Alliant Energy — Corporate Update (June 2020)
19 slides from Alliant Energy's corporate update, June 2020
Slide 1: Energy Cost Outlook for Community Leaders
Energy Cost Outlook for Community Leaders June 2020
Slide 2: Agenda
Agenda • COVID-19 updates • Energy efficiency update • Customer solutions • Energy cost overview • Future conversations • Questions and survey 2
Slide 3: Powering Through, Together
Powering Through, Together We understand the concern and uncertainty you may be experiencing surrounding the coronavirus (COVID-19). As an essential service, we remain focused on providing safe and reliable energy to our customers and communities. Together, we will power through this. Our support du
Slide 4: Energy efficiency program updates
Energy efficiency program updates Rebate incentives up to Up to 100% of lighting and 200% of current levels refrigeration projects Residential Small Business Low Income Multifamily State Weatherization Up to 70% incentive of Continue to fund state completed projects and whole-home improvements tenan
Slide 5: Community solutions
Community solutions • A sampling of our efforts to innovate for customers: ‒ Battery storage projects ‒ Streetlight solutions ‒ Economic Development grants and development parks ‒ New MyAccount applications and online resources ‒ EnergyEdge tool for business – taking energy efficiency online (via My
Slide 6: Wind projects come to completion
Wind projects come to completion 1,000 MW of new wind generation in Iowa from 2018-2020 Brings ownership to 1,299 MW in Iowa Investment of ~$1.8 billion Benefits: Energy for 430,000 homes Hundreds of jobs for Iowa during construction Tens of millions of dollars in local property taxes th
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 8
Slide 9: 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 % of customers at that cost Monthly bill amount • Customer bills vary based on individual usage patterns. • Approximately 50% of residential elect
Slide 10: Residential electric cost trends (2018-2020)
Residential electric cost trends (2018-2020) $121 $124 $115 5.1% 3% Note: This calculation uses an average residential customer usage (728 kWh/month). Actual usage varies significantly from one residential customer to another. This is used to illustrate the average changes between 2018 and 2020 for
Slide 11: Residential natural gas cost trends (2018-2020)
Residential natural gas cost trends (2018-2020) $60 $61 $51 1.1% -17% Note: This calculation uses an average residential customer usage (64 therms/month). Actual usage varies significantly from one residential customer to another. This is used to illustrate the average changes between 2018 and 2020
Slide 12: General Service electric cost trends (2018-2020)
General Service electric cost trends (2018-2020) $299 $315 $285 4.8% 5.3% Note: This calculation uses an average general service customer usage (1,986 kWh/month). Actual usage varies significantly from one business customer to another. This is used to illustrate the average changes between 2018 and
Slide 13: Wind, tax benefits drive energy cost savings
Wind, tax benefits drive energy cost savings • 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 • A tax benefit will begin flowing through the EAC as soon as July 1 and continue
Slide 14: Two upcoming transmission cost refunds
Two upcoming transmission cost refunds • One-time refund starting in June bills (~$30 million) Customer class Refund amount Residential $24.62 General Service $43.94 • MISO return on equity refund ‒ A group of utilities asked federal regulators to lower the return on equity charged to our customers
Slide 15: 2021 electric cost drivers
2021 electric cost drivers A number of factors for 2021 are not yet determined: • COVID-19 energy usage impact on 2021 riders yet to determined • Transmission rates ‒ Will be provided updates from ITC Midwest this fall ‒ Changes in allocation of cost will drive adjustments in this area • Franchise f
Slide 16: 2021 electric cost outlook
2021 electric cost outlook This data may change during the remainder of 2020. Check back at alliantenergy.com/iowarates for any updates. Line items that 2020-2021 Detail make up your bill Trend Basic service charge No base rate review filed in 2020. Base service charges will remain stable in 2021. U
Slide 17: Upcoming community interactions
Upcoming community interactions • Leadership Roundtable events being planned, to meet face-to-face with local and area elected officials, community leaders and city staff members (pending COVID pandemic restrictions) ‒ Email businesscenter@alliantenergy.com if you’d like to be invited to an event in
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