CEDAR RAPIDS, Iowa, Jan. 30, 2012 /PRNewswire/ -- Interstate Power and Light Company (IPL), a subsidiary of Alliant Energy Corporation (NYSE: LNT), issued a Request for Proposals (RFP) seeking firm long-term supplies of non-intermittent capacity and energy delivered to IPL's electric service area.
IPL projects an electric capacity need of approximately 550 megawatts by June 1, 2016. The RFP solicits ownership and/or long-term Purchased Power Agreement (PPA) proposals for new or existing resources, or access to a portion of the output of a system of resources, to supply all or a portion of its long-term electric capacity and energy needs. Electronic proposals are due by March 22, 2012.
"The RFP is one component of our company's comprehensive due diligence efforts to secure long-term electric power supply options that are in the best interests of our customers," states Tom Aller, President - IPL. "Our company's long-term generation strategy focuses on providing a balanced generation portfolio to manage costs on behalf of our customers; continuing to provide safe and reliable energy service and maintaining flexibility to meet future energy needs and adapt to change."
IPL has retained Concentric Energy Advisors, Inc. (Concentric) to manage the RFP process. The RFP may be found on Concentric's website ceadvisors.com. Inquiries regarding the RFP should be directed to Lisa Quilici, Senior Vice President, Concentric at (617) 872-0248 or [email protected].
Alliant Energy is an energy-services provider with subsidiaries serving approximately 1 million electric and over 412,000 natural gas customers. Providing its customers in the Midwest with regulated electric and natural gas service is the company's primary focus. Interstate Power and Light, the company's Iowa utility subsidiary, serves 530,000 electric and 235,000 natural gas customers and is headquartered in Cedar Rapids, Iowa. Alliant Energy 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 alliantenergy.com.
SOURCE Interstate Power and Light Company