Alliant Energy Corporation(LNT)- NYSE
  • Dec. 17, 2015, 11:52 AM
    • Alliant Energy (LNT +5.1%) is sharply higher after saying late yesterday it had reached a settlement with two other Wisconsin utilities to gain their backing for LNT's plan to build a power plant next to the existing Riverside generator near Beloit.
    • We Energies and Wisconsin Public Service say they will support the project after agreeing to work together with LNT on other generation projects that could include renewable resources.
    • The two other utilities had tried to block LNT's proposal to build a $700M, 650 MW natural gas-fueled power plant, saying enough electricity already is being generated in Wisconsin.
    | Dec. 17, 2015, 11:52 AM
  • Mar. 4, 2014, 10:43 AM
    • Utilities that meet takeover criteria outlined by Warren Buffett this weekend for another “major” acquisition after paying more than $5B last year for electricity provider NV Energy include Wisconsin Energy (WEC +1.8%) and Alliant Energy (LNT +1.1%), Bloomberg speculates.
    • WEC and LNT operate in states with favorable regulatory environments, and LNT is expanding into renewable energy, which Buffett has signaled could be a focus for large investments, according to Morningstar; pipeline MLPs such as Plains All American (PAA) and MarkWest Energy (MWE) also could appeal to Buffett, a Baird analyst says.
    • Berkshire Hathaway (BRK.A, BRK.B) “is likely looking at a lot of small, regulated utilities that have a lot of growth on the table where his low cost of capital is an incredible advantage,” Morningstar's Mark Barnett says.
    | Mar. 4, 2014, 10:43 AM | 13 Comments
  • Dec. 7, 2011, 9:41 AM

    Alliant Energy's (LNT +1.4%) recent moves to revise provisions for executive pay and employee retirement plans in case of a takeover sparks speculation that the operator of power plants in Wisconsin and Iowa could sell itself to Berkshire Hathaway (BRK.A) or Wisconsin Energy (WEC).

    | Dec. 7, 2011, 9:41 AM
Company Description
Alliant Energy Corp. operates as a regulated investor-owned public utility holding company. Its primary focus is to provide regulated electricity and natural gas service to natural gas customers in the Midwest through its two public utility subsidiaries. The company operates its business through... More
Sector: Utilities
Industry: Diversified Utilities
Country: United States