Karl Rabago's questions to Alliant Energy Corp (LNT) leadership • Q1 2025
Question
Karl Rabago from Jefferies sought to clarify if achieving the top end of the EPS CAGR is based on the current capital plan, with uncontracted opportunities representing further upside. He also asked for more color on the favorable 20% tariff situation for its batteries, questioning if the sourcing strategy had changed.
Answer
Executive Robert Durian confirmed that hitting the top end of the EPS growth range by 2027 is based on the current plan, and any additional data center load would be incremental upside. Executive Lisa Barton explained that the company proactively managed its supply chain and that even with a 20% tariff, the batteries sourced from China remain the lowest-cost option compared to domestic alternatives.