Wisconsin Power and Light Company Issues $3.2 Million in Credits
Credit issued beginning with bills processed on September 4th
MADISON, Wis., Aug. 30 /PRNewswire-FirstCall/ -- Wisconsin Power and Light Company (WPL), an Alliant Energy company (NYSE: LNT), will issue a credit to its electric customers beginning with bills processed on September 4, 2007. The total credits issued will be approximately $3.2 million. (Logo: http://www.newscom.com/cgi-bin/prnh/20020405/LNTLOGO) The refund represents expected savings from June 2007 through December 2007, and is the result of lower fuel costs. Virtually all retail electric customers should expect to receive the credit that will vary based on their usage billed during September. For a typical residential customer using 600 kilowatt-hours of electricity per month, the credit would be approximately $2.11. "The electricity we generate and purchase to meet our customers' demand comes from a variety of fuel types including coal, nuclear, renewable resources and natural gas," said Barbara Swan, President-WPL. "We welcome the drop in fuel costs and are pleased we can pass these savings on to our customers." The refund complies with the order by the Public Service Commission of Wisconsin (PSCW), from August 30, 2007, which allowed WPL to refund any over-collection of fuel costs for the period running from June 2007 through December 2007. The agreement was endorsed by several customer groups, including the Citizens Utility Board and the Wisconsin Industrial Energy Group. 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 http://www.alliantenergy.com.
SOURCE Wisconsin Power and Light Company
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