Alliant Energy not expecting to issue long-term debt in 2011

By Jennifer Lanning Drey

Savannah, Ga., Feb. 10 - Alliant Energy Corp.'s current financing plans for 2011 do not include the issuance of long-term debt, chief operating officer Patricia Kampling said Thursday during the company's fourth-quarter and year-end earnings conference call.

"However, that can change with the market conditions," Kampling added.

Alliant's plans for financing its utilities' capital plan will involve a combination of internally generated funds, equity infusion from cash at the parent level, short-term debt and the sale of receivables program, she said.

Kampling later noted that the company is forecasting strong operating cash flows in 2011 due to the continued benefits of rate relief and tax strategies resulting in no federal tax payments.

The CFO also said that Alliant's current liquidity is strong at $800 million. The figure is comprised of nearly $130 million of cash and marketable securities and more than $670 million of available capacity under its credit facility and sale of receivables program.

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

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