Financing ·
WPL and IPL secure DOE loan guarantees for up to $1.63B and $3.5B in term loans
LNTAlliant Energy Corp
Alliant Energy Corp subsidiaries Wisconsin Power & Light Co (WPL) and Interstate Power & Light Co (IPL) entered into agreements with the U.S. Department of Energy under Title XVII of the Energy Policy Act of 2005. The DOE will provide loan guarantees for term loans up to $1,626,488,000 for WPL and $3,500,000,000 for IPL through the Federal Financing Bank. Proceeds are restricted to reimbursing eligible project costs for energy infrastructure, grid reliability, and related projects. The facilities allow multi-advance borrowings with final maturities in 2056 and interest rates based on U.S. Treasury rates plus a spread. Alliant Energy is not a direct party to the obligations.