Aria Gandi's questions to Alliant Energy Corp (LNT) leadership • Q3 2024
Question
Aria Gandi of Wolfe Research asked for clarification on whether the base for the long-term EPS growth rate had been rebased lower with the new 2024 guidance. She also inquired about the level of tax credits baked into the financing plan, the company's target credit metrics, and the potential for another CapEx plan revision before the typical Q3 update next year.
Answer
CFO Robert Durian clarified that the long-term growth base is the new 2024 midpoint of approximately $3.03, but the company remains committed to a solid 6% long-term growth rate. He detailed plans to monetize roughly $1.6 to $1.7 billion in tax credits through 2028. CEO Lisa Barton indicated that a plan revision is possible in the first half of next year as the company aligns with new data center load timelines.