MADISON, Wis., Feb. 25 /PRNewswire-FirstCall/ -- Wisconsin Power and Light Company (WPL), a subsidiary of Alliant Energy Corporation (NYSE: LNT), has received approval from the Public Service Commission of Wisconsin (PSCW), through the granting of a Certificate of Authority, to begin implementing an Advanced Metering Infrastructure (AMI) project for its natural gas customers. AMI, which will also be implemented for WPL's electric customers, will enable for remote metering which will allow for more accurate bills and provide real-time usage and outage management information. (Logo: http://www.newscom.com/cgi-bin/prnh/20020405/LNTLOGO) "Every customer will benefit from AMI technology and the improved services it will enable us to deliver," said Barbara Siehr, Vice President of Customer Service. "This technology provides us with opportunities to work more efficiently to accurately gather customer electricity and natural gas usage information. It will also build the foundation for enhanced energy management and the development of new rate options," Siehr added. Initial installation of AMI enabled electric and gas metering devices is scheduled to begin in the Beaver Dam, Wisconsin area in March. After evaluating this initial phase, a decision will be made on how AMI will be implemented throughout the WPL territory. The cost for electric and gas AMI implementation in the WPL service territory is expected to be approximately $95 million. 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 176,000 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. This press release includes forward-looking statements. These forward-looking statements can be identified as such because the statements include words such as "expected," "scheduled" or other words of similar import. Such statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those currently anticipated. Actual results could be affected by such factors as: state regulatory actions which delay, prevent or alter the proposed AMI project; ability to obtain equipment and technology in a timely manner and for anticipated cost; failure of equipment and technology to perform as expected; results of the initial phase of the AMI project; current or future litigation, regulatory investigations, proceedings or inquiries that could impede the implementation of WPL's plans; and economic conditions in WPL's service territory. These factors should be considered when evaluating the forward-looking statements and undue reliance should not be placed on such statements. The forward-looking statements included herein are made as of the date hereof and Alliant Energy and WPL undertake no obligation to update publicly such statements to reflect subsequent events or circumstances.
SOURCE Wisconsin Power and Light Company