Alliant Energy Corporation · NASDAQ:LNT
Alliant Energy — Corporate Update (April 2020)
8 slides from Alliant Energy's corporate update, Apr 6, 2020
Slide 1: Powering What's Next Investor Materials
Powering What’s Next Investor Materials April 3, 2020
Slide 2: Safe harbor
Safe harbor This presentation contains statements that may be considered forward looking statements. Such statements contain the word “expect,” “anticipates” or words of similar import, or speak to management’s expectations regarding the EPS growth goal, sales, EPS sensitivity, financing plans, pens
Slide 3: Core values in action - COVID-19 updates
Core values in action - COVID-19 updates Live Safety. Everyone. Always. • Executing business continuity and pandemic plans • Restricted travel, social distancing and working-from-home protocols Do the right thing • Suspended service disconnects and waiving late fees • Expanded paid time off benefits
Slide 4: Sales sensitivities
Sales sensitivities 2019 Retail Electric Margins Residential 46% Impact on 2020 sales not yet known Anticipate higher electric residential sales and lower Commercial Industrial 28% commercial and industrial (C&I) sales 26% EPS Sensitivity to +/- 1% change in Customer Class electric sales Commercial
Slide 5: Strong liquidity / financings
Strong liquidity / financings • Flexible credit facility – Can shift borrowing capacity between AEC, IPL Liquidity (in millions) and WPL; WPL has a floor of $300 million per PSCW order Total credit facility capacity $1,000 Total sale of receivables capacity 90 • Limited long-term debt maturities in
Slide 6: Pension plan funding manageable
Pension plan funding manageable • No expected earnings impact to 2020 as a result of any changes in discount rate or earnings on assets due to remeasurement at year-end • $60 million planned pension funding in 2020 • 73% qualified and non-qualified funded status at year-end 2019 • Asset allocation a
Slide 7: Construction projects
Construction projects Projects proceeding as planned, no supply chain disruptions at this time Generation Size Project Type Owner (MW) Expected in-service Whispering Willow North Wind IPL 201 In-service January, 2020 Golden Plains Wind IPL 200 In-service March, 2020 West Riverside Energy Center Gas
Slide 8: Credit risk exposure
Credit risk exposure Alliant is well-positioned with counterparty default risk • Alliant’s customer arrears have decreased by more than 50% since 2016 Customer arrears at year-end* ($ millions) $150 $100 $50 $- *Arrears represent accounts past due by more 2016 2017 2018 2019 than 30 days • At the pr