We use resources wisely, seek new solutions and work to reduce our environmental footprint.
Acting for tomorrow
Alliant Energy embraces advancing clean energy. This aligns with our core value to “Act for Tomorrow”– we use resources wisely, care for the environment and continuously improve ourselves and our company. This means finding innovative ways to address environmental challenges, operate more efficiently and provide flexible energy resources.
Our mission is to deliver the energy solutions and exceptional service that our customers and communities count on – safely, efficiently and responsibly. We remain focused on providing long-term value while positioning our company to transform and adapt as energy technology and customer needs continue to change.
Advancing clean energy is a guiding principle to our company's future sustainability.
- Renewables will be over 30% of our energy mix
- Carbon dioxide (CO2) emissions from fossil-fueled generation will be reduced by 40%
- Water supply needs from fossil-fueled generation will be decreased by 75%
- We will eliminate all existing coal from our energy mix
- CO2 emissions from fossil-fueled generation will be reduced by 80%
Our strategy will continue to adapt based on future economic developments and evolving energy technologies and trends in the communities we serve.
Carbon Reductions and Climate Goals
Alliant Energy’s plans for a clean energy future are expected to exceed the carbon reductions and climate goals pledged originally by the U.S. under the voluntary United Nations Paris Accord.
The Paris Accord’s central aim is to strengthen the global response to the threat of climate change. This would be done by keeping a global temperature rise this century well below 2 degrees Celsius above pre-industrial levels and to pursue efforts to limit the temperature increase even further to 1.5 degrees Celsius.
U.S. Paris Accord Goal:
Reduce greenhouse gases 26-28% below 2005 levels by 2025
Long-term carbon outlook
There are many perspectives on the impacts of climate change and the future path to decarbonization of the global energy system. Our strategy will continue to contemplate broader changes in the energy sector including:
- Two-way flow of energy using smaller and decentralized energy resources
- Broad adoption of electric end-use technologies including transportation
- Increased use of renewable energy and battery storage systems
- Leveraging data systems to build smart and efficient infrastructure
We also support research and development projects to better understand long-term carbon planning. This includes projects to expand knowledge on our clean energy transition, such as analyzing the impacts of emerging technologies, strategies for electric vehicles and customer electrification, and integration of distributed renewables and energy storage.
Alliant Energy also is participating in an Electric Power Research Institute technical study assessing the state of the science for evaluating a company-specific climate policy scenario analysis or greenhouse gas goal. Key insights from the published study found that there is significant uncertainty between a global temperature goal and an individual company’s emission pathway. More robust methodologies are needed to support company-specific evaluations that consider uncertainties, including attainability of very low global emissions pathways, specific policy design features, non-climate-policy drivers and company-specific circumstances.
Clean energy transition
We are transitioning our energy to a cleaner mix and expanding cost-effective renewable resources. We’re also investing in our electric and gas distribution infrastructure, making it stronger, smarter and more adaptable to support evolving energy technologies.
Transitioning our energy resources*
Our energy mix is changing as we continue our move to cleaner energy.
Planned resource additions*
Alliant Energy’s regulated utilities currently own 1,097 megawatts of wind, 43 megawatts of hydroelectric, and 6.2 megawatts of solar capacity. Planned new resource additions include 680 megawatts of owned wind by the end of 2020 as well as expanding our solar power resources. This will be complemented with flexible, highly efficient natural gas generation plus more than 1,000 megawatts of renewable purchase power agreements in 2020. Natural gas generation supports a reliable and balanced energy mix that enables the development of intermittent renewable energy.
Smart and dynamic energy grid
We’re optimizing our grid to enable the new two-way flow of energy and
Modernizing our energy infrastructure will make it more flexible to respond to our customers’ needs, improve adaptability to new technologies, plus enhance resiliency and reliability.
Alliant Energy has a long history of environmental stewardship focused on meeting customers’ energy needs in an economical, efficient and sustainable manner. We proactively consider future environmental compliance requirements and proposed regulations in our planning, decision-making, construction and ongoing operations activities.
Metrics and targets guide our future environmental plans. Adopting a long-term strategy prepares us to achieve environmental compliance requirements. It also provides flexibility to adjust our plans if needed.
*owned fossil-fuel generation
*owned fossil-fuel generation
We have retired approximately 30% of our fossil-fueled generation capacity since 2005. This includes over 1,000 megawatts of retired coal-fired generation. We operate air quality control systems to reduce emissions from our remaining coal-fired generation units.
*owned fossil-fuel generation
Alliant Energy’s water withdrawals have decreased due to retirement of fossil-fueled generating facilities. We are implementing water conservation measures and adding renewable resources to further reduce water use from our electric operations.
Integrated resource planning overview
The integrated resource planning process uses models to evaluate how energy and capacity needs balance with supply. The future planning horizon typically covers 15 to 30 years. We use a year-by-year load forecast that includes both the energy required at the time of maximum consumption and the total amount of energy consumed over time. Energy supply alternatives are modeled using expected performance characteristics, operating and capital costs.
The sensitivity scenarios we consider include potential future policy mandates and regulations to reduce greenhouse gas emissions or their monetized effects. Alliant Energy utilizes economic projections for fuel prices, market energy costs, capacity prices and emissions costs, including carbon pricing. We will continue to evaluate appropriate integrated resource planning inputs for carbon in the future.
Ultimately, integrated resource planning results are further assessed in light of our strategy and non-quantifiable risks that cannot be considered in the model. This guides our decisions on the best future energy resources to meet our customers’ electricity needs.
- Electric sales forecast (residential, commercial, industrial and wholesale)
- Normalized for temperature
- Energy efficiency
- Distributed generation
- Transportation electrification
- Existing and new fossil-fueled generating facilities
- Existing and new renewable facilities
- Environmental costs and limits
- Fuel costs
- Market energy
- Generating facility retirements
Strategic plan opportunities
Our strategic plan aims to expand the portfolio of cleaner and renewable resources while accelerating energy growth to help minimize individual customer prices. We are also modernizing the power grid and gas distribution system to enhance safety, reliability and be more price-competitive and market-responsive for customers.
Alliant Energy expects to invest over $11 billion in these opportunities through 2027 to implement our strategic plan. Near-term capital expenditures from 2019 through 2022 focus primarily on adding renewables and distribution improvements.
We are using green bonds to finance affordable renewable energy projects.
We evaluate and report on potential risk factors, including risks that may be climate-related or carbon-related, in our company’s annual Form 10-K report to the U.S. Securities and Exchange Commission. Risks that may be associated with climate or carbon concerns can be physical risks associated with extreme weather events, regulatory risks associated with changing regulatory requirements and rate recoveries, and economic risks associated with additional required capital expenditures.
We have an enterprise risk management program to identify, communicate and manage significant risks in a structured framework. The risk assessment identifies key themes and trends, quantifies our key risks, and develops management plans and strategies. The Board of Directors is responsible for managing our overall risk profile. The Operations Committee reviews and assesses operational risks including risks associated with climate or carbon concerns.
Programs, plans and actions are put in place to respond to risks that may be associated with climate or carbon concerns.
|Alliant Energy responses to climate-related risks|