Alliant Energy Projects up to $1.2 Billion in Customer Savings With $5.1 Billion Loan Package
Alliant Energy closed a $5.1 billion lower-interest loan package from the DOE's Office of Energy Dominance Financing to fund grid resiliency and new generation across Iowa and Wisconsin. The 30-year loans are projected to save customers up to $1.2 billion cumulatively and support more than 1,600 construction jobs, with potential projects including 1.6 GW of new natural gas generation, 1 GW of energy storage, and 2 BCF of LNG storage.
Key figures
- Deal Value Usd
- $5.1 billion
- Lng storage
- 2 BCF
- Gas customers
- 435000
- Loan term years
- 30
- Construction jobs
- 1600
- Energy storage gw
- 1 GW
- Electric customers
- more than 1 million
- Projected customer savings
- $1.2 billion
- New natural gas generation gw
- 1.6 GW
- Existing gas capacity increase
- 240 MW
AI analysis
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