Alliant Energy Plans $13.4B Investment, Signs 3GW Data Center Contracts
Alliant Energy plans $13.4 billion capital spending over 2026–2029 to expand renewable assets by 1,300 MW and add 1,000 MW of storage, targeting 12% rate-base growth. It secured 3 GW of data center service agreements, driving projected annual EPS growth above 7% through 2027–2029.
1. Customer Base Growth and Data Center Contracts
Alliant Energy has expanded its service territory through economic development initiatives, driving new customer additions and robust electricity load increases. The company secured 3 gigawatts of data center service agreements with high-credit counterparties, boosting its long-term revenue pipeline.
2. Strategic Capital Deployment
Management plans $13.4 billion in capital investment from 2026 to 2029 to strengthen infrastructure reliability and expand its clean energy portfolio. This includes adding 1,300 MW of renewable generation and 1,000 MW of battery storage to support a targeted 12% rate-base growth.
3. Earnings Growth Projections
The company targets 5–7% annual earnings growth and expects EPS to exceed 7% per year during 2027–2029. Steady demand across its diverse customer mix underpins these projections and reinforces revenue stability.
4. Transmission and Regulatory Risks
Alliant Energy relies on third-party interstate transmission systems regulated by FERC, exposing it to potential cost increases and underperformance. Strict federal and state environmental regulations also present compliance challenges that could pressure margins.