CEDAR RAPIDS, Iowa,
Sept. 27, 2012 /PRNewswire/
-- Interstate Power and Light Co. (IPL), an Alliant Energy
company (NYSE: LNT) announced today that the Iowa Utilities Board
(IUB) has accepted the final IPL management audit report. The
audit, completed by Liberty Consulting Group, was initiated as part
of the IUB's final order in the company's 2010 electric rate case
proceeding.
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IPL believes the audit process and outcomes have been positive
for the company and its customers. "IPL has approached the
audit as an opportunity to demonstrate that we operate in the best
interest of our customers," said Tom
Aller, President of Interstate Power and Light Company. "We
are a solidly operated organization with excellent employees and a
focus on our customer's needs. We believe these facts are clear in
the findings of the audit report."
The company viewed the audit as part of its focus on continuous
improvement. As such, IPL is reviewing the study's recommendations
to determine those that will provide the greatest value to
customers. In response to the audit, the IUB will require IPL file
a progress report by April 1, 2013
and its initial status report by October 1,
2013.
"Just as was the case in the audit, our strategic plan continues
our focus on the customer," added Aller. "To provide customers with
safe, reliable, locally-produced power at the most competitive cost
possible, we are moving forward to gain approvals for our
generation resource plan – which includes a new purchase power
agreement for nuclear power with Duane Arnold Energy Center in
Palo, Iowa and construction of a
new natural-gas fired generating facility in Marshalltown, Iowa."
Interstate Power and Light Company (IPL), based in
Cedar Rapids, Iowa, provides
electric service to 525,000 customers and natural gas service to
233,000 customers in more than 700 communities throughout
Iowa and southern Minnesota. IPL is committed to providing the
energy and exceptional service its customers and communities expect
– safely, reliably, and affordably. IPL is a subsidiary of Alliant
Energy Corporation, for more information, visit alliantenergy.com
or call 1-800-ALLIANT (800-255-4268).
SOURCE Alliant Energy