LNT

What You Should Know

Alliant Energy Corporation is a regulated utility holding company that provides electricity and natural gas to customers in Iowa and Wisconsin through Interstate Power and Light and Wisconsin Power and Light, and is investing heavily in wind and solar generation. Supplying energy — including a growing renewables mix — is permissible, so the activity screen passes. The doubtful classification comes from the balance sheet: Alliant funds its rate-base and clean-energy build-out with a large, continuously refinanced pool of interest-bearing debt, so its total-debt-to-market-cap ratio typically sits at or above the 33% screening threshold, a deciding screen that should be confirmed against the latest filings. Interest income on cash and regulatory assets should be checked against the 5% threshold and purified. Because the leverage screen is the binding constraint, LNT is generally screened as doubtful.