Debt

12 Months Ended

Dec. 31, 2017

Debt Instrument [Line Items]

Debt

DEBT

(a) Short-term Debt - Alliant Energy and its subsidiaries maintain committed bank lines of credit to provide short-term borrowing flexibility and back-stop liquidity for commercial paper outstanding. In August 2017, Alliant Energy, IPL and WPL entered into a single new credit facility agreement, which expires in August 2022. At December 31, 2017, the short-term borrowing capacity under the credit facility agreement totaled $1 billion ($400 million for Alliant Energy at the parent company level, $250 million for IPL and $350 million for WPL). Subject to certain conditions, Alliant Energy (at the parent company level), IPL and WPL may each reallocate and change its sublimit up to $500 million, $400 million and $500 million, respectively, within the $1 billion total commitment. Information regarding commercial paper classified as short-term debt and back-stopped by the credit facility was as follows (dollars in millions):

	Alliant Energy		IPL		WPL
December 31	2017	2016	2017	2016	2017	2016
Commercial paper outstanding	$320.2	$244.1	$—	$—	$25.0	$52.3
Commercial paper weighted average interest rates	2.0%	0.9%	N/A	N/A	1.5%	0.7%
Available credit facility capacity	$679.8	$755.9	$250.0	$300.0	$325.0	$347.7

	Alliant Energy		IPL		WPL
For the year ended	2017	2016	2017	2016	2017	2016
Maximum amount outstanding (based on daily outstanding balances)	$424.4	$251.8	$20.0	$3.1	$271.2	$118.3
Average amount outstanding (based on daily outstanding balances)	$294.3	$179.0	$0.5	$—	$118.2	$38.1
Weighted average interest rates	1.2%	0.6%	1.3%	0.7%	1.0%	0.4%

In July 2017, AEF entered into a $95 million, 364-day variable-rate (2.2% at December 31, 2017) term loan credit agreement (with Alliant Energy as guarantor) related to the acquisition of a cash equity ownership interest in a non-utility wind farm located in Oklahoma, which includes substantially the same financial covenants that are included in the credit facility agreement. Refer to Note 6(a) for further discussion of the non-utility wind farm investment.

Financial Covenants - The single new credit facility agreement contains a financial covenant, which requires Alliant Energy, IPL and WPL to maintain certain debt-to-capital ratios in order to borrow under the credit facility. AEF’s term loan credit agreement contains a financial covenant, which requires Alliant Energy to maintain a certain debt-to-capital ratio in order to borrow under the term loan credit agreement. The required debt-to-capital ratios compared to the actual debt-to-capital ratios at December 31, 2017 were as follows:

	Alliant Energy	IPL	WPL
Requirement, not to exceed	65%	65%	65%
Actual	54%	47%	51%

The debt component of the capital ratios includes long- and short-term debt (excluding non-recourse debt and hybrid securities to the extent the total carrying value of such hybrid securities does not exceed 15% of consolidated capital of the applicable borrower), capital lease obligations, certain letters of credit, guarantees of the foregoing and new synthetic leases. Unfunded vested benefits under qualified pension plans and sales of accounts receivable are not included in the debt-to-capital ratios. The equity component of the capital ratios excludes accumulated other comprehensive income (loss).

(b) Long-Term Debt - Long-term debt, net as of December 31 was as follows (dollars in millions):

	2017									2016
	Alliant Energy			IPL			WPL			Alliant Energy			IPL			WPL
Senior Debentures (a):
5.875%, due 2018		$100.0			$100.0			$—			$100.0			$100.0			$—
7.25%, due 2018	250.0			250.0			—			250.0			250.0			—
3.65%, due 2020	200.0			200.0			—			200.0			200.0			—
3.25%, due 2024 (b)	500.0			500.0			—			250.0			250.0			—
3.4%, due 2025	250.0			250.0			—			250.0			250.0			—
5.5%, due 2025	50.0			50.0			—			50.0			50.0			—
6.45%, due 2033	100.0			100.0			—			100.0			100.0			—
6.3%, due 2034	125.0			125.0			—			125.0			125.0			—
6.25%, due 2039	300.0			300.0			—			300.0			300.0			—
4.7%, due 2043	250.0			250.0			—			250.0			250.0			—
3.7%, due 2046	300.0			300.0			—			300.0			300.0			—
	2,425.0			2,425.0			—			2,175.0			2,175.0			—
Debentures (a):
5%, due 2019	250.0			—			250.0			250.0			—			250.0
4.6%, due 2020	150.0			—			150.0			150.0			—			150.0
2.25%, due 2022	250.0			—			250.0			250.0			—			250.0
3.05%, due 2027 (c)	300.0			—			300.0			—			—			—
6.25%, due 2034	100.0			—			100.0			100.0			—			100.0
6.375%, due 2037	300.0			—			300.0			300.0			—			300.0
7.6%, due 2038	250.0			—			250.0			250.0			—			250.0
4.1%, due 2044	250.0			—			250.0			250.0			—			250.0
	1,850.0			—			1,850.0			1,550.0			—			1,550.0
Other:
AEF term loan credit agreement through 2018, 2% at December 31, 2017 (with Alliant Energy as guarantor) (d)	500.0			—			—			500.0			—			—
Corporate Services 3.45% senior notes, due 2022 (a)	75.0			—			—			75.0			—			—
Sheboygan Power, LLC 5.06% senior secured notes, due 2018 to 2024 (secured by the Sheboygan Falls Energy Facility and related assets) (a)	49.6			—			—			53.8			—			—
Other, 1% at December 31, 2017, due 2018 to 2025	2.9			—			—			3.3			—			—
	627.5			—			—			632.1			—			—
Subtotal	4,902.5			2,425.0			1,850.0			4,357.1			2,175.0			1,550.0
Current maturities	(855.7		)	(350.0		)	—			(4.6		)	—			—
Unamortized debt issuance costs	(25.4		)	(14.3		)	(10.5		)	(23.4		)	(13.7		)	(9.1		)
Unamortized debt (discount) and premium, net	(10.8		)	(4.7		)	(6.1		)	(13.5		)	(7.8		)	(5.7		)
Long-term debt, net (e)		$4,010.6			$2,056.0			$1,833.4			$4,315.6			$2,153.5			$1,535.2

(a) Contains optional redemption provisions which, if elected by the issuer at its sole discretion, could require material redemption premium payments by the issuer. The redemption premium payments under these optional redemption provisions are variable and dependent on applicable U.S. Treasury rates at the time of redemption.

(b) In 2017, IPL issued $250 million of 3.25% senior debentures due 2024. The proceeds from the issuance were used by IPL to reduce commercial paper classified as long-term debt, reduce cash amounts received from its sales of accounts receivable program and for general corporate purposes.

(c) In 2017, WPL issued $300 million of 3.05% debentures due 2027. The proceeds from the issuance were used by WPL to reduce commercial paper and for general corporate purposes.

(d) Refer to Note 9(a) for discussion of a financial covenant contained in AEF’s term loan credit agreement.

(e) There were no significant sinking fund requirements related to the outstanding long-term debt.

Five-Year Schedule of Long-term Debt Maturities - At December 31, 2017, long-term debt maturities for 2018 through 2022 were as follows (in millions):

	2018		2019		2020		2021		2022
IPL		$350		$—		$200		$—		$—
WPL	—		250		150		—		250
Corporate Services	—		—		—		—		75
AEF	506		6		7		8		8
Alliant Energy		$856		$256		$357		$8		$333

Fair Value of Long-term Debt - Refer to Note 14 for information on the fair value of long-term debt outstanding.

IPL [Member]

Debt Instrument [Line Items]

Debt

DEBT

(a) Short-term Debt - Alliant Energy and its subsidiaries maintain committed bank lines of credit to provide short-term borrowing flexibility and back-stop liquidity for commercial paper outstanding. In August 2017, Alliant Energy, IPL and WPL entered into a single new credit facility agreement, which expires in August 2022. At December 31, 2017, the short-term borrowing capacity under the credit facility agreement totaled $1 billion ($400 million for Alliant Energy at the parent company level, $250 million for IPL and $350 million for WPL). Subject to certain conditions, Alliant Energy (at the parent company level), IPL and WPL may each reallocate and change its sublimit up to $500 million, $400 million and $500 million, respectively, within the $1 billion total commitment. Information regarding commercial paper classified as short-term debt and back-stopped by the credit facility was as follows (dollars in millions):

	Alliant Energy		IPL		WPL
December 31	2017	2016	2017	2016	2017	2016
Commercial paper outstanding	$320.2	$244.1	$—	$—	$25.0	$52.3
Commercial paper weighted average interest rates	2.0%	0.9%	N/A	N/A	1.5%	0.7%
Available credit facility capacity	$679.8	$755.9	$250.0	$300.0	$325.0	$347.7

	Alliant Energy		IPL		WPL
For the year ended	2017	2016	2017	2016	2017	2016
Maximum amount outstanding (based on daily outstanding balances)	$424.4	$251.8	$20.0	$3.1	$271.2	$118.3
Average amount outstanding (based on daily outstanding balances)	$294.3	$179.0	$0.5	$—	$118.2	$38.1
Weighted average interest rates	1.2%	0.6%	1.3%	0.7%	1.0%	0.4%

In July 2017, AEF entered into a $95 million, 364-day variable-rate (2.2% at December 31, 2017) term loan credit agreement (with Alliant Energy as guarantor) related to the acquisition of a cash equity ownership interest in a non-utility wind farm located in Oklahoma, which includes substantially the same financial covenants that are included in the credit facility agreement. Refer to Note 6(a) for further discussion of the non-utility wind farm investment.

Financial Covenants - The single new credit facility agreement contains a financial covenant, which requires Alliant Energy, IPL and WPL to maintain certain debt-to-capital ratios in order to borrow under the credit facility. AEF’s term loan credit agreement contains a financial covenant, which requires Alliant Energy to maintain a certain debt-to-capital ratio in order to borrow under the term loan credit agreement. The required debt-to-capital ratios compared to the actual debt-to-capital ratios at December 31, 2017 were as follows:

	Alliant Energy	IPL	WPL
Requirement, not to exceed	65%	65%	65%
Actual	54%	47%	51%

The debt component of the capital ratios includes long- and short-term debt (excluding non-recourse debt and hybrid securities to the extent the total carrying value of such hybrid securities does not exceed 15% of consolidated capital of the applicable borrower), capital lease obligations, certain letters of credit, guarantees of the foregoing and new synthetic leases. Unfunded vested benefits under qualified pension plans and sales of accounts receivable are not included in the debt-to-capital ratios. The equity component of the capital ratios excludes accumulated other comprehensive income (loss).

(b) Long-Term Debt - Long-term debt, net as of December 31 was as follows (dollars in millions):

	2017									2016
	Alliant Energy			IPL			WPL			Alliant Energy			IPL			WPL
Senior Debentures (a):
5.875%, due 2018		$100.0			$100.0			$—			$100.0			$100.0			$—
7.25%, due 2018	250.0			250.0			—			250.0			250.0			—
3.65%, due 2020	200.0			200.0			—			200.0			200.0			—
3.25%, due 2024 (b)	500.0			500.0			—			250.0			250.0			—
3.4%, due 2025	250.0			250.0			—			250.0			250.0			—
5.5%, due 2025	50.0			50.0			—			50.0			50.0			—
6.45%, due 2033	100.0			100.0			—			100.0			100.0			—
6.3%, due 2034	125.0			125.0			—			125.0			125.0			—
6.25%, due 2039	300.0			300.0			—			300.0			300.0			—
4.7%, due 2043	250.0			250.0			—			250.0			250.0			—
3.7%, due 2046	300.0			300.0			—			300.0			300.0			—
	2,425.0			2,425.0			—			2,175.0			2,175.0			—
Debentures (a):
5%, due 2019	250.0			—			250.0			250.0			—			250.0
4.6%, due 2020	150.0			—			150.0			150.0			—			150.0
2.25%, due 2022	250.0			—			250.0			250.0			—			250.0
3.05%, due 2027 (c)	300.0			—			300.0			—			—			—
6.25%, due 2034	100.0			—			100.0			100.0			—			100.0
6.375%, due 2037	300.0			—			300.0			300.0			—			300.0
7.6%, due 2038	250.0			—			250.0			250.0			—			250.0
4.1%, due 2044	250.0			—			250.0			250.0			—			250.0
	1,850.0			—			1,850.0			1,550.0			—			1,550.0
Other:
AEF term loan credit agreement through 2018, 2% at December 31, 2017 (with Alliant Energy as guarantor) (d)	500.0			—			—			500.0			—			—
Corporate Services 3.45% senior notes, due 2022 (a)	75.0			—			—			75.0			—			—
Sheboygan Power, LLC 5.06% senior secured notes, due 2018 to 2024 (secured by the Sheboygan Falls Energy Facility and related assets) (a)	49.6			—			—			53.8			—			—
Other, 1% at December 31, 2017, due 2018 to 2025	2.9			—			—			3.3			—			—
	627.5			—			—			632.1			—			—
Subtotal	4,902.5			2,425.0			1,850.0			4,357.1			2,175.0			1,550.0
Current maturities	(855.7		)	(350.0		)	—			(4.6		)	—			—
Unamortized debt issuance costs	(25.4		)	(14.3		)	(10.5		)	(23.4		)	(13.7		)	(9.1		)
Unamortized debt (discount) and premium, net	(10.8		)	(4.7		)	(6.1		)	(13.5		)	(7.8		)	(5.7		)
Long-term debt, net (e)		$4,010.6			$2,056.0			$1,833.4			$4,315.6			$2,153.5			$1,535.2

(a) Contains optional redemption provisions which, if elected by the issuer at its sole discretion, could require material redemption premium payments by the issuer. The redemption premium payments under these optional redemption provisions are variable and dependent on applicable U.S. Treasury rates at the time of redemption.

(b) In 2017, IPL issued $250 million of 3.25% senior debentures due 2024. The proceeds from the issuance were used by IPL to reduce commercial paper classified as long-term debt, reduce cash amounts received from its sales of accounts receivable program and for general corporate purposes.

(c) In 2017, WPL issued $300 million of 3.05% debentures due 2027. The proceeds from the issuance were used by WPL to reduce commercial paper and for general corporate purposes.

(d) Refer to Note 9(a) for discussion of a financial covenant contained in AEF’s term loan credit agreement.

(e) There were no significant sinking fund requirements related to the outstanding long-term debt.

Five-Year Schedule of Long-term Debt Maturities - At December 31, 2017, long-term debt maturities for 2018 through 2022 were as follows (in millions):

	2018		2019		2020		2021		2022
IPL		$350		$—		$200		$—		$—
WPL	—		250		150		—		250
Corporate Services	—		—		—		—		75
AEF	506		6		7		8		8
Alliant Energy		$856		$256		$357		$8		$333

Fair Value of Long-term Debt - Refer to Note 14 for information on the fair value of long-term debt outstanding.

WPL [Member]

Debt Instrument [Line Items]

Debt

DEBT

(a) Short-term Debt - Alliant Energy and its subsidiaries maintain committed bank lines of credit to provide short-term borrowing flexibility and back-stop liquidity for commercial paper outstanding. In August 2017, Alliant Energy, IPL and WPL entered into a single new credit facility agreement, which expires in August 2022. At December 31, 2017, the short-term borrowing capacity under the credit facility agreement totaled $1 billion ($400 million for Alliant Energy at the parent company level, $250 million for IPL and $350 million for WPL). Subject to certain conditions, Alliant Energy (at the parent company level), IPL and WPL may each reallocate and change its sublimit up to $500 million, $400 million and $500 million, respectively, within the $1 billion total commitment. Information regarding commercial paper classified as short-term debt and back-stopped by the credit facility was as follows (dollars in millions):

	Alliant Energy		IPL		WPL
December 31	2017	2016	2017	2016	2017	2016
Commercial paper outstanding	$320.2	$244.1	$—	$—	$25.0	$52.3
Commercial paper weighted average interest rates	2.0%	0.9%	N/A	N/A	1.5%	0.7%
Available credit facility capacity	$679.8	$755.9	$250.0	$300.0	$325.0	$347.7

	Alliant Energy		IPL		WPL
For the year ended	2017	2016	2017	2016	2017	2016
Maximum amount outstanding (based on daily outstanding balances)	$424.4	$251.8	$20.0	$3.1	$271.2	$118.3
Average amount outstanding (based on daily outstanding balances)	$294.3	$179.0	$0.5	$—	$118.2	$38.1
Weighted average interest rates	1.2%	0.6%	1.3%	0.7%	1.0%	0.4%

In July 2017, AEF entered into a $95 million, 364-day variable-rate (2.2% at December 31, 2017) term loan credit agreement (with Alliant Energy as guarantor) related to the acquisition of a cash equity ownership interest in a non-utility wind farm located in Oklahoma, which includes substantially the same financial covenants that are included in the credit facility agreement. Refer to Note 6(a) for further discussion of the non-utility wind farm investment.

Financial Covenants - The single new credit facility agreement contains a financial covenant, which requires Alliant Energy, IPL and WPL to maintain certain debt-to-capital ratios in order to borrow under the credit facility. AEF’s term loan credit agreement contains a financial covenant, which requires Alliant Energy to maintain a certain debt-to-capital ratio in order to borrow under the term loan credit agreement. The required debt-to-capital ratios compared to the actual debt-to-capital ratios at December 31, 2017 were as follows:

	Alliant Energy	IPL	WPL
Requirement, not to exceed	65%	65%	65%
Actual	54%	47%	51%

The debt component of the capital ratios includes long- and short-term debt (excluding non-recourse debt and hybrid securities to the extent the total carrying value of such hybrid securities does not exceed 15% of consolidated capital of the applicable borrower), capital lease obligations, certain letters of credit, guarantees of the foregoing and new synthetic leases. Unfunded vested benefits under qualified pension plans and sales of accounts receivable are not included in the debt-to-capital ratios. The equity component of the capital ratios excludes accumulated other comprehensive income (loss).

(b) Long-Term Debt - Long-term debt, net as of December 31 was as follows (dollars in millions):

	2017									2016
	Alliant Energy			IPL			WPL			Alliant Energy			IPL			WPL
Senior Debentures (a):
5.875%, due 2018		$100.0			$100.0			$—			$100.0			$100.0			$—
7.25%, due 2018	250.0			250.0			—			250.0			250.0			—
3.65%, due 2020	200.0			200.0			—			200.0			200.0			—
3.25%, due 2024 (b)	500.0			500.0			—			250.0			250.0			—
3.4%, due 2025	250.0			250.0			—			250.0			250.0			—
5.5%, due 2025	50.0			50.0			—			50.0			50.0			—
6.45%, due 2033	100.0			100.0			—			100.0			100.0			—
6.3%, due 2034	125.0			125.0			—			125.0			125.0			—
6.25%, due 2039	300.0			300.0			—			300.0			300.0			—
4.7%, due 2043	250.0			250.0			—			250.0			250.0			—
3.7%, due 2046	300.0			300.0			—			300.0			300.0			—
	2,425.0			2,425.0			—			2,175.0			2,175.0			—
Debentures (a):
5%, due 2019	250.0			—			250.0			250.0			—			250.0
4.6%, due 2020	150.0			—			150.0			150.0			—			150.0
2.25%, due 2022	250.0			—			250.0			250.0			—			250.0
3.05%, due 2027 (c)	300.0			—			300.0			—			—			—
6.25%, due 2034	100.0			—			100.0			100.0			—			100.0
6.375%, due 2037	300.0			—			300.0			300.0			—			300.0
7.6%, due 2038	250.0			—			250.0			250.0			—			250.0
4.1%, due 2044	250.0			—			250.0			250.0			—			250.0
	1,850.0			—			1,850.0			1,550.0			—			1,550.0
Other:
AEF term loan credit agreement through 2018, 2% at December 31, 2017 (with Alliant Energy as guarantor) (d)	500.0			—			—			500.0			—			—
Corporate Services 3.45% senior notes, due 2022 (a)	75.0			—			—			75.0			—			—
Sheboygan Power, LLC 5.06% senior secured notes, due 2018 to 2024 (secured by the Sheboygan Falls Energy Facility and related assets) (a)	49.6			—			—			53.8			—			—
Other, 1% at December 31, 2017, due 2018 to 2025	2.9			—			—			3.3			—			—
	627.5			—			—			632.1			—			—
Subtotal	4,902.5			2,425.0			1,850.0			4,357.1			2,175.0			1,550.0
Current maturities	(855.7		)	(350.0		)	—			(4.6		)	—			—
Unamortized debt issuance costs	(25.4		)	(14.3		)	(10.5		)	(23.4		)	(13.7		)	(9.1		)
Unamortized debt (discount) and premium, net	(10.8		)	(4.7		)	(6.1		)	(13.5		)	(7.8		)	(5.7		)
Long-term debt, net (e)		$4,010.6			$2,056.0			$1,833.4			$4,315.6			$2,153.5			$1,535.2

(a) Contains optional redemption provisions which, if elected by the issuer at its sole discretion, could require material redemption premium payments by the issuer. The redemption premium payments under these optional redemption provisions are variable and dependent on applicable U.S. Treasury rates at the time of redemption.

(b) In 2017, IPL issued $250 million of 3.25% senior debentures due 2024. The proceeds from the issuance were used by IPL to reduce commercial paper classified as long-term debt, reduce cash amounts received from its sales of accounts receivable program and for general corporate purposes.

(c) In 2017, WPL issued $300 million of 3.05% debentures due 2027. The proceeds from the issuance were used by WPL to reduce commercial paper and for general corporate purposes.

(d) Refer to Note 9(a) for discussion of a financial covenant contained in AEF’s term loan credit agreement.

(e) There were no significant sinking fund requirements related to the outstanding long-term debt.

Five-Year Schedule of Long-term Debt Maturities - At December 31, 2017, long-term debt maturities for 2018 through 2022 were as follows (in millions):

	2018		2019		2020		2021		2022
IPL		$350		$—		$200		$—		$—
WPL	—		250		150		—		250
Corporate Services	—		—		—		—		75
AEF	506		6		7		8		8
Alliant Energy		$856		$256		$357		$8		$333

Fair Value of Long-term Debt - Refer to Note 14 for information on the fair value of long-term debt outstanding.