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Condensed Consolidated Statements Of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Electric utility $ 851 $ 789 $ 1,703 $ 1,580
Gas utility 76 69 316 273
Other utility 11 10 25 24
Non-utility 23 26 44 48
Total revenues 961 894 2,088 1,925
Operating expenses:        
Electric production fuel and purchased power 150 138 325 301
Electric transmission service 151 147 308 300
Cost of gas sold 30 25 167 139
Asset valuation charge for IPL's Lansing Generating Station 0 60 0 60
Other operation and maintenance 168 177 327 336
Depreciation and amortization 208 188 420 376
Taxes other than income taxes 31 29 62 61
Total operating expenses 738 764 1,609 1,573
Operating income 223 130 479 352
Other (income) and deductions:        
Interest expense 124 108 243 215
Equity income from unconsolidated investments, net (10) (15) (23) (31)
Allowance for funds used during construction (23) (19) (41) (38)
Other 1 2 4 4
Total other (income) and deductions 92 76 183 150
Income before income taxes 131 54 296 202
Income tax expense (benefit) (43) (33) (91) (43)
Net income attributable to common shareowners $ 174 $ 87 $ 387 $ 245
Weighted average number of common shares outstanding:        
Basic (in shares) 256,900 256,400 256,800 256,300
Diluted (in shares) 257,300 256,700 257,300 256,600
Earnings per weighted average common share attributable to Alliant Energy common shareowners:        
Basic (in dollars per share) $ 0.68 $ 0.34 $ 1.51 $ 0.96
Diluted (in dollars per share) $ 0.68 $ 0.34 $ 1.50 $ 0.95
IPL [Member]        
Revenues:        
Electric utility $ 418 $ 404 $ 848 $ 795
Gas utility 40 40 158 148
Other utility 11 9 24 23
Total revenues 469 453 1,030 966
Operating expenses:        
Electric production fuel and purchased power 40 48 107 116
Electric transmission service 100 99 207 202
Cost of gas sold 17 17 81 77
Asset valuation charge for IPL's Lansing Generating Station 0 60 0 60
Other operation and maintenance 84 102 169 187
Depreciation and amortization 115 97 230 193
Taxes other than income taxes 15 14 29 30
Total operating expenses 371 437 823 865
Operating income 98 16 207 101
Other (income) and deductions:        
Interest expense 52 42 99 84
Allowance for funds used during construction (13) (11) (22) (21)
Other (2) 0 (2) 0
Total other (income) and deductions 37 31 75 63
Income before income taxes 61 (15) 132 38
Income tax expense (benefit) (37) (33) (77) (43)
Net income attributable to common shareowners 98 18 209 81
WPL [Member]        
Revenues:        
Electric utility 433 385 855 785
Gas utility 36 29 158 125
Other utility 0 1 1 1
Total revenues 469 415 1,014 911
Operating expenses:        
Electric production fuel and purchased power 110 90 218 186
Electric transmission service 51 49 101 98
Cost of gas sold 13 8 86 62
Other operation and maintenance 72 67 137 128
Depreciation and amortization 90 87 183 178
Taxes other than income taxes 15 14 29 28
Total operating expenses 351 315 754 680
Operating income 118 100 260 231
Other (income) and deductions:        
Interest expense 43 41 86 82
Allowance for funds used during construction (10) (8) (19) (17)
Other 3 0 5 2
Total other (income) and deductions 36 33 72 67
Income before income taxes 82 67 188 164
Income tax expense (benefit) (5) 3 (10) 8
Net income attributable to common shareowners $ 87 $ 64 $ 198 $ 156