A F ALLIANT ENERGY LOGO ALLIANT ENERGY LOGO
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), ...
MADISON, Wis., Jan. 5 /PRNewswire-FirstCall/ -- Wisconsin Power and
Light Company (WP&L), a subsidiary of Alliant Energy Corporation (NYSE:
LNT), will issue the first in a two-part credit for its natural gas
customers in January or February. The first credit totals approximately
$10.2 million. After an audit by the Public Service Commission of Wisconsin
(PSC), the total credit amount is expected to be approximately $12.8
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The credit represents gas purchase savings from November 2005 through
October 2006 and is the result of an innovative natural gas purchase plan
WP&L developed to share natural gas purchase cost savings with customers.
Customers get billed at market prices and to the extent WP&L is able to
purchase gas for less than these market prices, the difference is shared
between the company and its customers. This credit represents 80% of the
customers' share of those below-market purchases.
The natural gas purchase credit is based on customer usage over the
individual credit audit period. Customers will see the first of the
two-part credit on either their January or February bill. The credit is
expected to be about $43.21 for the typical residential customer using
approximately 800 therms per year.
"In addition to this credit, our natural gas customers received an
average credit of $50 last year," said Barbara J. Swan, president-WP&L. "We
are pleased to share the savings from our prudent fuel purchasing decisions
with our customers to help offset the costs of winter heating."
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 453,000 electric and 179,000
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