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ALLIANT ENERGY CORP

For the period ended Dec 31, 2023. Filed Feb 16, 2024.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 16, 2024

LNT$73.24-0.3%Stored close · as of Nov 10, 2026

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Contents

6. Investments

NOTE 6. INVESTMENTS

Unconsolidated Equity Investments - Alliant Energy’s unconsolidated investments accounted for under the equity method of accounting are as follows (in millions):

Ownership Interest at · Carrying Value at December 31, · Equity (Income) / Loss
December 31, 202320232022202320222021
ATC Holdings16%, 20%$386$358($49)($41)($43)
Non-utility wind farm in Oklahoma50%104101(7)(5)(4)
Corporate venture investmentsVarious7462(2)(3)(13)
OtherVarious2121(3)(2)(2)
$585$542($61)($51)($62)

Summary aggregate financial information from the financial statements of these holdings is as follows (in millions):

Alliant Energy
202320222021
Revenues$898$813$802
Operating income384350357
Net income370675358
As of December 31:
Current assets221227
Non-current assets9,0328,292
Current liabilities528620
Non-current liabilities3,5843,285
Noncontrolling interest259289

ATC Holdings -As of December 31, 2023, Alliant Energy has a 16% ownership interest in ATC and a 20% ownership interest in ATC Holdco LLC, collectively referred to as ATC Holdings. ATC is an independent, for-profit, transmission-only company. ATC Holdco LLC holds Duke-American Transmission Company, LLC, a joint venture between Duke Energy Corporation and ATC, that owns electric transmission infrastructure in North America. Refer to Note 17(g) for discussion of a reduction in earnings recorded in 2022 related to a court decision, which is currently expected to reduce the base return on equity authorized for MISO transmission owners, including ATC.

Non-utility Wind Farm in Oklahoma -The non-utility wind farm located in Oklahoma provides electricity to a third-party under a long-term PPA, and has both cash and tax equity ownership. Alliant Energy does not maintain or operate the wind farm, and provided a parent guarantee of its subsidiary’s indemnification obligations under the operating agreement and PPA. Refer to Note 17(d) for discussion of the guarantee.

Corporate Venture Investments -Alliant Energy has various minority ownership interests in regional and national venture funds, including a global coalition of energy companies working together to help advance the transition towards a cleaner, more sustainable, and inclusive energy future, by identifying and researching innovative technologies and business models within the emerging energy economy.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.