Wisconsin Power and Light Company Announces Pricing of Debt Offering

Senior Debentures Will be due in 2037

Aug 08, 2007, 01:00 ET from Wisconsin Power and Light Company

    MADISON, Wis., Aug. 8 /PRNewswire-FirstCall/ -- Wisconsin Power and
 Light Company (WPL), an Alliant Energy company (NYSE:   LNT), has priced a
 public offering of $300 million aggregate principal amount of debentures.
 The senior debentures have an interest rate of 6.375% and will be due in
     (Logo: http://www.newscom.com/cgi-bin/prnh/20020405/LNTLOGO )
     WPL will apply the approximately $296 million in net proceeds from this
 offering to repay short-term debt incurred to repay $105 Million aggregate
 principal amount of 7% senior debentures that became due in June 2007 and
 to finance utility construction expenditures, to issue a common stock
 dividend to the parent corporation to realign its capital structure, and
 for working capital purposes.
     The offering was marketed through a group of underwriters, including
 Banc of America Securities LLC, and Merrill Lynch & Co. as joint
 book-running managers and Citi Markets and Banking and KeyBanc Capital
 Markets as co-managers.
     The offering is being made only by means of a prospectus, a copy of
 which may be obtained upon request from Banc of America Securities LLC, by
 calling (800) 294-1322 or emailing
 dg.prospectus_distribution@bofasecurities.com, or by mailing the offices of
 Merrill Lynch & Co., 4 World Financial Center, New York, New York 10080. An
 electronic copy of the prospectus will be available from the Securities and
 Exchange Commission's website at http://www.sec.gov.
     Alliant Energy is an energy-services provider with subsidiaries serving
 approximately 1 million electric and over 400,000 natural gas customers.
 Providing its customers in the Midwest with regulated electric and natural
 gas service is the company's primary focus. Wisconsin Power and Light, the
 company's Wisconsin utility subsidiary, serves 456,000 electric and 182,000
 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

SOURCE Wisconsin Power and Light Company