Company to retire older coal-fired power plants and switch Dubuque
Generating Station fuel source to natural gas in 2013
CEDAR RAPIDS, Iowa, Feb. 8 /PRNewswire-FirstCall/ -- Interstate Power
and Light Company (IPL), a subsidiary of Alliant Energy Corporation (NYSE:
LNT), proposed today to permanently reduce its generating fleet's
greenhouse gas emissions by retiring coal-fired generating units and
switching the fuel source of other coal-fired units to natural gas when its
proposed Sutherland Generating Station Unit 4 becomes operable in 2013.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020405/LNTLOGO)
The proposed changes to IPL's generating fleet will be filed with the
Iowa Utilities Board (IUB) as part of IPL's application for ratemaking
principles for the proposed Sutherland Generating Station Unit 4 and are
subject to the approval of the IUB and the Minnesota Public Utility
Commission. IPL expects to make the filing late first quarter of 2008.
IPL expects that the generating station retirements and fuel switch at
the Dubuque power facility will have no impact upon current employees.
"We, alone, have an obligation to serve our customers and this plan
fulfills that obligation by providing our customers with safe, reliable and
environmentally responsible energy," states Tom Aller, president of IPL.
"Our proposal improves Iowa's air quality and environment while providing a
reliable energy supply to support the growth of Iowa's economy. We are
preparing Iowa for a bright energy future by confronting the challenges of
greenhouse gas emissions and ensuring a reliable energy supply today."
As part of its greenhouse gas emissions reduction proposal, IPL will
retire Lansing Generating Station's coal-fired units 2 and 3. In addition,
the company will permanently switch the fuel source of its Dubuque
Generating Station Units from coal to natural gas. This will reduce these
units' maximum potential to emit CO2 by more than 800,000 tons per year.
These potential changes in IPL's generating fleet are contingent upon the
company receiving all applicable regulatory approvals related to Sutherland
Generating Station Unit 4's site certification and ratemaking principles
applications.
IPL estimates that its energy efficiency programs, which include the
new five-year plan the company expects to file with the IUB later this
year, will reduce customers' electric usage by nearly 2 million
megawatt-hours by 2013. As a result, IPL's system-wide CO2 emissions are
expected to be reduced by approximately 2.57 million tons per year compared
to what those emission levels would be absent the company's energy
efficiency programs.
IPL recently received approval to build 200 MW of wind generation in
Iowa by 2013 that will also serve to reduce the Company's system-wide CO2
emission levels by approximately 934,000 tons per year in 2013 from what
those emissions levels would be absent this investment.
In addition, Sutherland Generating Station Unit 4 is being permitted to
utilize up to five percent renewables, such as switch grass or corn stalks,
as fuel and, as such, can be considered a hybrid facility. The facility's
CO2 emissions levels do not increase from the use of renewables as a fuel
source. As a result, CO2 emissions from Sutherland Generating Station Unit
4 are reduced by an additional 156,000 tons per year when the fuel source
is economically available for use at the facility.
IPL's 350 megawatt ownership share of Sutherland Generating Station
Unit 4 has the maximum potential to emit approximately 3.1 million tons of
CO2 annually under its air permit application. IPL's proposal to retire or
fuel switch less efficient coal-fired generating stations, aggressively
pursue energy efficiency and invest in renewables is expected to more than
offset Sutherland Generating Station Unit 4's expected CO2 emissions in
2013 when the facility is operational.
"Since our initial announcement in January 2007, our proposal has
focused on doing what is right for our customers and Iowa," adds Mr. Aller.
"The cost of 'saying no', as some have advocated, to securing a reliable
energy supply that is environmentally responsible for our customers and
Iowa is not an option."
"Our proposal adds a highly efficient generating station that uses
renewables as a fuel source, expands our renewable energy portfolio,
advances our nationally recognized energy efficiency programs, provides the
ability to switch fuel sources on some existing coal power plants, and
retire others. As a result, this plan is the right option for our customers
and the state of Iowa. The plan is about providing practical energy
solutions that will enhance our environment and grow our economy for future
generations of Iowans."
About Alliant Energy
Alliant Energy is an energy-services provider with subsidiaries serving
approximately 1 million electric and more than 400,000 natural gas
customers. Providing its customers in the Midwest with regulated electric
and natural gas service is the company's primary focus. Interstate Power
and Light, the company's Iowa utility subsidiary, serves 526,000 electric
and 232,000 natural gas customers. Alliant Energy, headquartered in
Madison, Wis., is a Fortune 1000 company traded on the New York Stock
Exchange under the symbol LNT. For more information, visit the company's
Web site at http://www.alliantenergy.com.
SOURCE Alliant Energy Corporation
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Related links: http://www.alliantenergy.com
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CONTACT: media, Ryan Stensland, +1-319-786-4171, or investor relations, Jamie Freeman, +1-608-458-3274, both of Alliant Energy Corporation
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