MADISON, Wis., June 8, 2017 /PRNewswire/ -- Alliant Energy (NYSE: LNT) announced today that it has completed its "At-the-Market" equity offering program announced on May 9, 2017.
The company sold approximately 3.1 million shares of common stock for total gross proceeds of $125 million. As previously disclosed, Alliant Energy intends to use its Shareowner Direct Plan to issue the remaining common stock to reach the targeted equity issuance amount for 2017 of approximately $150 million.
Alliant Energy Corporation (NYSE: LNT), headquartered in Madison, Wis., provides regulated electric and natural gas service to 960,000 electric and 410,000 natural gas customers in the Midwest. Alliant Energy's mission is to deliver the energy solutions and exceptional service customers and communities count on – safely, efficiently and responsibly. Interstate Power and Light Company and Wisconsin Power and Light Company are Alliant Energy's two public utility subsidiaries. Alliant Energy Corporation is a component of the S&P 500. For more information, visit alliantenergy.com.
This press release includes forward-looking statements, including the statement regarding the company's intent to use the Shareowner Direct Plan for further equity issuances in 2017. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, such statements. Actual results could be materially affected by market conditions, the price of Alliant Energy's common stock, changes to our financing plan, regulatory actions or legal actions. The forward-looking statements included herein are made as of the date hereof and, except as required by law, Alliant Energy undertakes no obligation to update publicly such statements to reflect subsequent events or circumstances.
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SOURCE Alliant Energy Corporation