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ALLIANT ENERGY (LNT)
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Alliant Energy : aims for coal elimination by 2050

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08/03/2018 | 02:03am CEST

Aug. 02--Alliant Energy has announced plans to cut carbon emissions 80 percent and eliminate all coal use by 2050.

In a Thursday news release, Alliant announced the release of its corporate sustainability report, which includes supplying close to one-third the company's energy capacity through renewables by 2030.

"Alliant Energy is acting today to create a better tomorrow for our customers and communities," Alliant Energy Chairman and CEO Patricia Kampling said in the release. "We are transforming our energy fleet with an eye on customer cost, carbon reduction and providing cleaner and reliable power to the communities we serve."

With a more than $2 billion investment on renewables, Alliant aims to double its wind sites from 6 to 12, which would bring the company's wind power up to 2,700 megawatts by 2021, the release states.

According to the release, Alliant's carbon reduction goals exceed goals pledged by the U.S. under the United Nations Paris Accord, which calls for reducing carbon levels 32 percent below 2005 levels by 2030.

Other highlights in the report include:

--Reaching gender parity on the board of directors, with 50 percent of members being women.

--More than $2.3 billion in planned capital expenditures

--Closure of coal ash ponds by the end of 2023

--Community investment of $7.3 million and 93,000 volunteer hours in 2017.

l Comments: (319) 398-8309; mitchell.schmidt@thegazette.com

___

(c)2018 The Gazette (Cedar Rapids, Iowa)

Visit The Gazette (Cedar Rapids, Iowa) at thegazette.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

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Financials ($)
Sales 2018 3 500 M
EBIT 2018 713 M
Net income 2018 -
Debt 2018 6 090 M
Yield 2018 3,14%
P/E ratio 2018 19,92
P/E ratio 2019 19,10
EV / Sales 2018 4,59x
EV / Sales 2019 4,64x
Capitalization 9 987 M
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Mean consensus HOLD
Number of Analysts 8
Average target price 42,6 $
Spread / Average Target -0,37%
EPS Revisions
Managers
NameTitle
Patricia Leonard Kampling Chairman & Chief Executive Officer
John O. Larsen President
Douglas R. Kopp Senior Vice President-Operations
Robert J. Durian Chief Financial Officer, Treasurer & VP
Dirk Mahling Vice President-Technology
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