IUB Determines Municipalization Is Not in the 'Public Interest'

IUB Determines Municipalization Is Not in the 'Public Interest'

		Alliant Energy is the parent company of two public utility companies--Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL)--and of Alliant Energy Resources, Inc. (AER), the parent company of Alliant Energy's non-regulated operations. (PRNewsFoto/ALLIANT ENERGY CORPORATION) MADISON, WI UNITED STATES

Iowa Utilities Board determines that Everly, Kalona, Rolfe, Terril and Wellman should continue to be served by IPL DES MOINES, Iowa, May 13 /PRNewswire-FirstCall/ -- Interstate Power and Light Company (IPL), a subsidiary of Alliant Energy Corporation (NYSE: LNT), received a decision today from the Iowa Utilities Board (IUB) regarding municipalization efforts by the communities of Everly, Kalona, Rolfe, Terril and Wellman. The IUB rejected, by unanimous decision, a consolidated petition by the cities to municipalize the local electric assets of IPL and provide their own electric service saying that it was not in the 'public interest.' (Logo: http://www.newscom.com/cgi-bin/prnh/20020405/LNTLOGO) "Throughout this process, we have continued to serve the communities of Everly, Kalona, Rolfe, Terril and Wellman with safe, reliable and affordable electric power," said Tom Aller, president of IPL. "The IUB's decision will protect the citizens of these communities from greater financial and operational uncertainty in the future." The IUB's decision concludes several years of work by the cities to establish new municipal electric utilities. The cities of Everly, Kalona, Rolfe, Terril, Titonka and Wellman petitioned the IUB in June 2006 for certificates of authority to furnish their own electric service. Titonka later withdrew their petition. "The IUB's decision supports our long-held position that we can provide the residents of these communities with the most beneficial, affordable, reliable and environmentally responsible electric service," continued Aller. "Once you do a thorough analysis and look at all the costs as the IUB has done, municipalization for these communities did not make financial or operational sense." About Alliant Energy Alliant Energy is an energy-services provider with subsidiaries serving approximately 1 million electric and 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 headquartered in Cedar Rapids, Iowa, serves approximately 530,000 electric and 235,000 natural gas customers. Alliant Energy 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.