Alliant Energy Corporation (LNT) has secured a new 370-megawatt electric service agreement in Iowa, increasing its total contracted data center load to approximately 3.4 gigawatts. This expansion results from ongoing economic development in its service areas, contributing to a growing customer base and enhanced revenue visibility.
From 2026 to 2029, Alliant Energy plans to invest $13.4 billion, with about 72% allocated towards clean energy generation and storage projects. This investment strategy aims to achieve a 12% growth in its rate base, further reinforcing its operational efficiency and service reliability.
Despite its progress, Alliant Energy faces challenges related to federal and state regulations and reliance on third-party transmission networks, which could impact service and financial stability. Currently, the company holds a Zacks Rank #3 (Hold) and has seen a 12.2% increase in share price over the past six months.
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