Top-News
Donnerstag,
22.02.2018 23:05
von
PR Newswire
| Aufrufe: 150
Alliant Energy Announces 2017 Results
Eine Glühbirne im Dunkeln (Symbolbild).
pixabay.com
https://pixabay.com/
PR Newswire
MADISON, Wis., Feb. 22, 2018
MADISON, Wis., Feb. 22, 2018 /PRNewswire/ -- Alliant Energy Corporation (NYSE: LNT) today announced U.S. generally accepted accounting principles (GAAP) and non-GAAP consolidated unaudited earnings per share (EPS) from continuing operations for 2017 and 2016 as follows:
| | GAAP EPS from | | Non-GAAP EPS | ||||
| | Continuing Operations | | from Continuing Operations | ||||
| | 2017 | | 2016 | | 2017 | | 2016 |
| Utilities and Corporate Services | $1.82 | | $1.75 | | $1.80 | | $1.75 |
| American Transmission Company (ATC) Investment | 0.11 | | 0.10 | | 0.11 | | 0.10 |
| Non-utility and Parent | 0.06 | | (0.20) | | 0.02 | | 0.03 |
| Alliant Energy Consolidated | $1.99 | | $1.65 | | $1.93 | | $1.88 |
"We once again delivered solid financial and operational results in 2017. Our 2017 temperature normalized Non-GAAP earnings per share were $1.99, 6% above calendar year 2016, and consistent with our long-term earnings growth goal," said Patricia Kampling, Alliant Energy Chairman and CEO. "I am proud to report that over the last 5 years we have delivered a total shareholder return of 130%, exceeding the growth of both the S&P 500 and the EEI Utilities Index."
Utilities and Corporate Services - Alliant Energy's Utilities and Alliant Energy Corporate Services, Inc. (Corporate Services) operations generated $1.82 per share of GAAP EPS from continuing operations in 2017, which was $0.07 per share higher than 2016. The primary drivers of higher EPS were higher margins resulting from Interstate Power and Light Company's (IPL's) interim retail electric base rate increase implemented in April 2017 and Wisconsin Power and Light's (WPL's) retail electric and gas base rate increases implemented in January 2017. These items were partially offset by higher depreciation expense from rate base additions and updated WPL depreciation rates, higher energy efficiency cost recovery amortization at WPL, and impacts of milder temperatures on retail electric and gas sales in 2017.
Non-utility and Parent - Alliant Energy's Non-utility and Parent operations generated $0.06 per share of GAAP EPS from continuing operations in 2017, which was $0.26 per share higher than 2016. The primary drivers of higher EPS were asset valuation charges of $0.23 per share related to the Franklin County wind farm in 2016 and effects of Tax Cuts and Jobs Act (Tax Reform) in 2017.
Earnings Adjustments - Non-GAAP EPS for 2017 excludes the write-down of regulatory assets due to the IPL retail electric rate review settlement and the effects of Tax Reform. Non-GAAP EPS for 2016 excludes asset valuation charges of $0.23 per share related to the Franklin County wind farm. Non-GAAP adjustments, which relate to material charges or income that are not normally associated with ongoing operations, are provided as a supplement to results reported in accordance with GAAP.
Temperature impacts to Non-GAAP EPS from Continuing Operations - The estimated impact of milder temperatures on retail electric and gas sales was a $0.06 per share loss in 2017. The temperature normalized Non-GAAP EPS from continuing operations for fiscal year 2017 is $1.99. Temperature impacts did not affect Non-GAAP EPS from continuing operations for fiscal year 2016.
| Details regarding GAAP EPS from continuing operations variances between 2017 and 2016 for Alliant Energy are as follows: | |||||||
| | |||||||
| | 2017 | | | 2016 | | | Variance |
| Utilities and Corporate Services: | | | | | | ||
| Higher margins from IPL interim retail electric base rate increase | $0.20 | | | $— | | | $0.20 |
| Higher margins from WPL retail electric and gas base rate increases | 0.19 | | | — | | | 0.19 |
| Higher depreciation expense | | | | | (0.13) | ||
| Higher energy efficiency cost recovery amortization at WPL | (0.04) | | | 0.03 | | | (0.07) |
| Estimated temperature impact on retail electric and gas sales | (0.06) | | | — | | | (0.06) |
| Effects of Tax Reform | 0.04 | | | — | | | 0.04 |
| Changes in AFUDC (primarily Marshalltown Generating Station) | | | | | (0.03) | ||
| Higher WPL electric fuel-related costs, net of recoveries | (0.01) | | | 0.02 | | | (0.03) |
| Higher interest expense | | | | | (0.03) | ||
| Net write-down of regulatory assets due to IPL retail electric rate review settlement | (0.02) | | | — | | | (0.02) |
| Equity dilution | (0.02) | | | — | | | (0.02) |
| Other | | | | | 0.03 | ||
| Total Utilities and Corporate Services | | | | | $0.07 | ||
| ATC Investment | | | | | $0.01 | ||
| Non-utility and Parent: | | | | | | ||
| Asset valuation charges for Franklin County wind farm in 2016 | $— | | | ($0.23) | | | $0.23 |
| Effects of Tax Reform | 0.04 | | | — | | | 0.04 |
| Other | | | | | (0.01) | ||
| Total Non-utility and Parent | | | | | $0.26 | ||
Higher margins from IPL interim retail electric base rate increase - In April 2017, IPL filed a request with the Iowa Utilities Board (IUB) to increase annual rates for its Iowa retail electric customers. The request was based on a 2016 historical Test Year as adjusted for certain known and measurable changes occurring up to 12 months after the commencement of the proceeding. An interim retail electric rate increase of $102 million, on an annual basis, was implemented effective April 13, 2017. The IUB issued a written order in February 2018 approving a final rate increase of $130 million, on an annual basis.
Werbung
Mehr Nachrichten zur Alliant Energy Aktie kostenlos abonnieren
E-Mail-Adresse
Bitte überprüfe deine die E-Mail-Adresse.
Benachrichtigungen von ARIVA.DE
(Mit der Bestellung akzeptierst du die Datenschutzhinweise)
(Mit der Bestellung akzeptierst du die Datenschutzhinweise)
-1
Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink.
Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte.
