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Condensed Consolidated Statements Of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Electric utility $ 789 $ 799 $ 1,580 $ 1,567
Gas utility 69 77 273 353
Other utility 10 13 24 25
Non-utility 26 23 48 45
Total revenues 894 912 1,925 1,990
Operating expenses:        
Electric production fuel and purchased power 138 166 301 322
Electric transmission service 147 138 300 284
Cost of gas sold 25 33 139 215
Asset valuation charge for IPL's Lansing Generating Station 60 0 60 0
Other operation and maintenance 177 163 336 338
Depreciation and amortization 188 167 376 333
Taxes other than income taxes 29 28 61 59
Total operating expenses 764 695 1,573 1,551
Operating income 130 217 352 439
Other (income) and deductions:        
Interest expense 108 96 215 190
Equity income from unconsolidated investments, net (15) (14) (31) (31)
Allowance for funds used during construction (19) (24) (38) (43)
Other 2 (1) 4 2
Total other (income) and deductions 76 57 150 118
Income (loss) before income taxes 54 160 202 321
Income tax expense (benefit) (33) 0 (43) (2)
Net income attributable to common shareowners $ 87 $ 160 $ 245 $ 323
Weighted average number of common shares outstanding:        
Basic (in shares) 256,400 251,700 256,300 251,400
Diluted (in shares) 256,700 251,900 256,600 251,600
Earnings per weighted average common share attributable to Alliant Energy common shareowners:        
Basic (in dollars per share) $ 0.34 $ 0.64 $ 0.96 $ 1.28
Diluted (in dollars per share) $ 0.34 $ 0.64 $ 0.95 $ 1.28
IPL [Member]        
Revenues:        
Electric utility $ 404 $ 431 $ 795 $ 819
Gas utility 40 44 148 194
Other utility 9 12 23 24
Total revenues 453 487 966 1,037
Operating expenses:        
Electric production fuel and purchased power 48 66 116 113
Electric transmission service 99 96 202 201
Cost of gas sold 17 20 77 116
Asset valuation charge for IPL's Lansing Generating Station 60 0 60 0
Other operation and maintenance 102 85 187 181
Depreciation and amortization 97 96 193 191
Taxes other than income taxes 14 14 30 29
Total operating expenses 437 377 865 831
Operating income 16 110 101 206
Other (income) and deductions:        
Interest expense 42 37 84 74
Allowance for funds used during construction (11) (4) (21) (8)
Other 0 1 0 3
Total other (income) and deductions 31 34 63 69
Income (loss) before income taxes (15) 76 38 137
Income tax expense (benefit) (33) (13) (43) (24)
Net income attributable to common shareowners 18 89 81 161
WPL [Member]        
Revenues:        
Electric utility 385 368 785 748
Gas utility 29 33 125 159
Other utility 1 1 1 1
Total revenues 415 402 911 908
Operating expenses:        
Electric production fuel and purchased power 90 99 186 209
Electric transmission service 49 42 98 83
Cost of gas sold 8 13 62 99
Other operation and maintenance 67 67 128 133
Depreciation and amortization 87 69 178 137
Taxes other than income taxes 14 13 28 27
Total operating expenses 315 303 680 688
Operating income 100 99 231 220
Other (income) and deductions:        
Interest expense 41 36 82 72
Allowance for funds used during construction (8) (19) (17) (35)
Other 0 (4) 2 (3)
Total other (income) and deductions 33 13 67 34
Income (loss) before income taxes 67 86 164 186
Income tax expense (benefit) 3 14 8 26
Net income attributable to common shareowners $ 64 $ 72 $ 156 $ 160