S&P changes Alliant Energy view to negative

S&P said it affirmed its ratings on Alliant Energy Corp. and its subsidiaries, Wisconsin Power & Light Co. and Interstate Power & Light Co.

The agency revised the outlooks to negative from stable.

The outlook revisions reflect expectations for weaker consolidated financial performance for 2018 to 2020, amid the company's elevated capital spending and a base-rate freeze at Wisconsin Power and Light through 2020, S&P said.

“AEC recently disclosed its capital spending plan totaling close to $7 billion through 2022. Taken together, we expect these developments to weaken AEC's financial measures, resulting in minimal cushion compared to our ratings downside trigger of 15%,” the agency said in a news release.

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