Alliant Energy 2013-2014 electric and gas rate freeze approved by regulators

Wisconsin Power and Light customers will see flat electric base rates, reduced gas base rates

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Jun 15, 2012, 12:56 ET

MADISON, Wis, June 15, 2012 /PRNewswire/ -- Wisconsin Power and Light Company (WPL), a subsidiary of Alliant Energy Corporation (NYSE: LNT), received approval from the Public Service Commission of Wisconsin (PSCW) today to implement its 2013-2014 electric and gas base rate freeze. WPL will maintain its current retail electric base rates through 2014; reduce retail gas base rates by 7 percent in 2013, followed by a freeze of those gas rates through 2014.

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"We are pleased that the PSCW has approved our base rate freeze as it provides our customers with some certainty relative to their electric and gas base rates over the next two years," said Patricia Kampling, Alliant Energy Chairman, President and CEO. "With the economy still recovering, Alliant Energy continues to aggressively manage its costs as we remain committed to minimizing rate impacts on our customers and communities."

The approved rate freeze applies to retail base rates and it excludes the impact of changes in electric fuel and natural gas costs that could make overall rates go up or down. Earlier this month, WPL filed its required annual electric fuel-cost plan, which includes a request to reduce overall retail electric rates by 2.5 percent in 2013 due to expected lower electric fuel costs. WPL's annual electric fuel-cost plan filing is expected to receive PSCW approval by the end of this year.

Wisconsin Power and Light Company (WPL), based in Madison, Wis., provides electric service to approximately 459,000 customers and natural gas service to approximately 180,000 customers in more than 600 communities across central and southern Wisconsin. WPL is committed to providing the energy and exceptional service its customers and communities expect – safely, reliably, and affordably. WPL is a subsidiary of Alliant Energy Corporation, for more information, visit alliantenergy.com or call 1-800-ALLIANT (800-255-4268).

SOURCE Wisconsin Power and Light Company