Alliant plans more natural gas projects
Is the age of coal ending for Iowas utilities?
Five years ago Alliant Energy wanted to build a $1.8 billion, 600-megawatt coal-fired electricity generator to partner with an existing 134-megawatt, coal-fired unit operating on the east side of Marshalltown.
The new coal unit didnt happen. Alliant overcame considerable vocal opposition from environmentalists and got approval from the Iowa Utilities Board, but the board attached so many conditions that Alliant decided to ditch the project.
Five years later things have changed.
Today Alliant is converting the 134-megawatt Marshalltown unit from coal to natural gas fuel, a process it says will be complete by spring. It has done the same thing with an older 82-megawatt coal-fired plant that serves Dubuque.
It also plans to add an additional 550 megawatts of natural gas generation, the site and other details to be determined sometime this spring.
The end result would more than double Alliants current natural gas generation capacity to 1,491 megawatts. Meanwhile, coal-fired generation will drop to second place in the Alliant system, with 1,326 megwatts.
Alliant Energy Corpo Shares Given New $44.00 Price Target by Barclays Capital ...
Alliant Energy Corpo Shares Given New $44.00 Price Target by Barclays Capital Analysts (LNT)
Investment analysts at Barclays Capital (NYSE: BCS) increased their price target on shares of Alliant Energy Corpo (NYSE: LNT) from $42.00 to $44.00 in a note issued to investors on Monday. They currently have an “equal weight” rating on the company’s shares.
Separately, analysts at Wells Fargo & Co. (NYSE: WFC) upgraded shares of Alliant Energy Corpo from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, February 6th. Analysts at Robert W. Baird downgraded shares of Alliant Energy Corpo from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, January 30th. Also, analysts at Ladenburg Thalmann raised their price target on shares of Alliant Energy Corpo to $47.00 in a research note to investors on Friday, January 13rd. They now have a “buy” rating on the stock.
Association of Diesel Specialists (ADS), ASE and Bosch service specialists, Alliant Power Distributor and Washington State Emission Specialist.
