Alliant Energy plans about $400 million of long-term debt in 2010

By Jennifer Lanning Drey

Portland, Ore., April 7 - Alliant Energy Corp. has "relatively modest" financings planned over the course of 2010, which include the issuance of about $200 million of unsecured long-term debt at each of its utilities, Bill Harvey, the company's chief executive officer, said during a Wednesday investor presentation.

Alliant will also issue a modest amount of short-term debt as needed, Harvey said while speaking at the Wellington Shields & Co./Berenson Midwest Utilities Seminar.

"Our financial strength, we think, in the industry is almost unparalleled," he said.

"We're in very good shape, we've got a healthy balance sheet and strong liquidity position with no questions about our access to capital or the price at which we can get it."

Harvey also noted during the presentation that Alliant would avoid taking any actions that could compromise its investment-grade credit rating.

Alliant Energy is a Madison, Wis., utility holding company.

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