Key facts: Alliant Energy (LNT) raises capex; 1.2 GW gas, 3.4 GW data

What happened

Alliant Energy reported Q3 GAAP EPS of $1.52 and raised its 2027–2030 capital spending plan by 19% to $15.9B. It plans about 1.2 GW of gas turbines and 200 MW of storage, with a 2027 EPS guide of $3.63–$3.73.

Confirmed

Global impact / market context

Higher capital spending means Alliant will spend more cash on power plants and equipment, which can raise future costs and borrowed money needs but also support earnings growth if regulators allow recovery. The 2027 EPS guide gives investors a profit target to compare with spending plans.

Analyst inference

Utilities like Alliant are being asked to serve large data-center demand, and the article says it has about 3.4 GW contracted with Google, Meta and QTS. That new load arrives in 2029–2031, so spending rises before the revenue it supports begins.

Analyst inference

What to watch

1. Watch whether Alliant adds about 1 GW of data-center load within six months, as the article states it aims to do, because that would expand contracted demand beyond the current 3.4 GW. Confirmed
2. Track regulatory decisions on recovering the $15.9B capital plan, since approval to pass costs to customers would affect Alliant's costs, cash available and profit per sale. Proposed
3. Monitor whether new data-center load actually deploys in 2029–2031 as described; delays would leave spending and borrowing costs ahead of the revenue meant to pay for them. Analyst inference

Evidence

• Original source link unavailable