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Our Wisconsin customers will see no increase to base electric and natural gas rates through 2020 under a proposal we filed today with the Public Service Commission of Wisconsin (PSCW). Customer rates will drop for the remainder of 2018 due to bill credits following a separate PSCW decision issued today.

“The rate freeze is a win for customers,” said John Larsen, president of Alliant Energy Corporation. “We’ve worked hard to hold the line on costs through 2020. It’s important to us to deliver cleaner power to families and businesses while keeping rates down.”

We reached agreement on the proposal with significant input and collaboration from the Citizens Utility Board (CUB) and Wisconsin Industrial Energy Group (WIEG). If approved by the PSCW, the plan would be in effect 2019-2020. A decision is expected later in 2018.

Under a separate decision today, the PSCW specified its formula for calculating customer bill credits as a result of tax reform. We are refunding a total of $36 million for electric customers and $4 million for natural gas customers in 2018.

Alliant Energy’s Iowa energy company received approval to increase its wind expansion program from the Iowa Utilities Board. By 2020, the company now plans to add 1,000 megawatts of new wind energy in Iowa – enough clean energy to power 430,000 Iowa homes.

In Iowa, the company plans to have invested $1.8 billion in cost-competitive renewable energy by the end of 2020. The new wind farms will create hundreds of construction and other jobs while generating tens of millions of dollars in additional property taxes to communities and payments to landowners.

“Our wind energy initiatives help keep rates competitive, enhance our environmental stewardship and drive economic growth in our communities,” said Doug Kopp, president of Alliant Energy’s Iowa energy company. “Wind energy is a major part of our transition to a clean energy future.”

This spring, crews began construction on the first of several wind farms, starting with Upland Prairie Wind Farm, located in Clay and Dickinson counties in northwest Iowa. Later this year, construction is expected to start at English Farms Wind Farm, located in Poweshiek County in central Iowa.

Alliant Energy’s Iowa customers shall be entitled to the full value of any environmental attributes, beyond those needed for compliance with applicable regulatory requirements, associated with investment included in IPL’s Iowa jurisdictional rate base

About Alliant Energy Alliant Energy Corporation’s Iowa utility subsidiary, Interstate Power and Light Company (IPL), utilizes the trade name of Alliant Energy. The Iowa utility is based in Cedar Rapids, Iowa, and provides electric service to 490,000 retail customers and natural gas service to 220,000 retail customers. The employees of Alliant Energy focus on delivering the energy solutions and exceptional service their customers and communities expect – safely, efficiently and responsibly. Alliant Energy Corporation is traded on the New York Stock Exchange under the symbol LNT and is a component of the S&P 500. For more information, visit alliantenergy.com.

This press release includes forward-looking statements. These forward-looking statements can be identified because they describe future wind generation construction plans and costs and include words such as “plan” and “expect.” 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: the inability to obtain all necessary permits; unanticipated construction issues, delays or expenditures; failure of equipment and technology to perform as expected; current or future litigation, regulatory investigations, proceedings or inquiries that could impede the implementation of Alliant Energy’s plans; political conditions in Alliant Energy’s service territories; changes to Alliant Energy’s access to capital markets; and economic conditions in Alliant Energy’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 Interstate Power and Light Company undertake no obligation to update publicly such statements to reflect subsequent events or circumstances.

“These tax savings are great for our Iowa customers and the new, lower corporate tax rate will benefit our families, businesses and communities today and in the future,” said Doug Kopp, President of Alliant Energy’s Iowa energy company. “In the last six years, we’ve delivered about $500 million in other separate tax-related savings to customers, reducing energy costs.”

About Alliant Energy Alliant Energy Corporation’s Iowa utility subsidiary, Interstate Power and Light Company (IPL), utilizes the trade name of Alliant Energy. The Iowa utility is based in Cedar Rapids, Iowa, and provides electric service to 490,000 retail customers and natural gas service to 220,000 retail customers. The employees of Alliant Energy focus on delivering the energy solutions and exceptional service their customers and communities expect – safely, efficiently and responsibly. Alliant Energy Corporation is traded on the New York Stock Exchange under the symbol LNT and is a component of the S&P 500. For more information, visit alliantenergy.com.

This press release includes forward-looking statements. These forward-looking statements can be identified because they describe future tax savings and include the word “expected.” Such statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those currently anticipated, including state regulatory actions which could alter the proposed plans and federal tax regulatory actions. 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 Interstate Power and Light Company undertake no obligation to update publicly such statements to reflect subsequent events or circumstances.

SCAM ALERT: Energy providers across the Midwest continue to get reports that con artists are trying to scam customers. The scammers claim to be from Alliant Energy and they threaten to disconnect utility service if the customer doesn’t immediately buy a prepaid credit card to make a payment.

Alliant Energy does not request immediate payment or prepaid credit cards. We do not threaten to disconnect se rvice via text message. We recently began offering account alerts by text as an optional service. Customers must sign-up to receive them. They are informational only, providing reminders of when the bill is due.

CALL: Call us to verify your actual account status. If you have a remaining balance, we can tell you the amount and when it is due. Let us put your mind at ease. You can reach us at 1-800-ALLIANT. You can also monitor your account online by visiting alliantenergy.com/myaccount or through Alliant Energy’s new Mobile App. Text ‘APP’ to 255255 and download now, or visit the Apple Store or Google Play.