Alliant Energy Corporation (NYSE:LNT) recently reported its first quarter earnings and discussed the following topics in its earnings conference call.
Service Territory Trends
Brian Russo – Ladenburg Thalmann: Just curious on Slide 7, you have your full year weather normalized sales outlook and it just looks like the WPL sales forecast is just a little more positive I would say than IPL’s. You mentioned the cogen I think at IPL, but maybe you could just kind of comment on maybe the different trends you are seeing in each service territory.
Patricia L. Kampling – Chairman, President and CEO: The answer – we’re cautiously optimistic when we see these numbers as well. But you know we’ve had four years of extreme weather. So we’re still predicting that sales are going to be flat, because weather normalization is part art, part science. But we are still predicting flat, but we are encouraged with these numbers on the slide as well.
Brian Russo – Ladenburg Thalmann: And what is the Marshalltown spending profile look like, could you be more specific by year?
Thomas L. Hanson – SVP and CFO: Yes, Brian, if you would go to supplemental slide 2, it’s highlighted beginning in 2014 with the green bars and then it continue to in ’15 and ’16 as well.
Brian Russo – Ladenburg Thalmann: Will your Q have the actual breakdown?
Thomas L. Hanson – SVP and CFO: Yes, our 10-K has it here…
Brian Russo – Ladenburg Thalmann: And lastly the Franklin wind farm, I think you mentioned was the loss on a per share basis was in first quarter of ’13, what are you kind of assuming in your annual guidance for that?
Patricia L. Kampling – Chairman, President and CEO: We’re assuming $0.05 Brian and the $0.02 estimate the walk in press release was over last year and we had some capitalize interest last year.
James Dobson – Wunderlich Securities: Continuing on the Franklin County wind, can you talk a little bit about your contracting efforts there and sort of how those are advancing and then just your latest thoughts on monetization possibilities for that asset?
Patricia L. Kampling – Chairman, President and CEO: Sure, as we mentioned in the past, the critical path around right now is Franklin County is to make sure the transmission constraints alleviated. But we don’t expect that to be complete probably in the third quarter. So, we are working on that as our first priority. I’d like to tell you that in the first quarter even with the constraints, the capacity factory at the site was 34%. So, we’re pleased with the production at the facility. But right now, we’re actively looking at any PPAs or selling the facility…
James Dobson – Wunderlich Securities: And then on the Iowa settlement, maybe just, and I know it’s a fluid situation, but give us sort of your latest thoughts on the potential for a settlement before you would be filing that rate case?
Patricia L. Kampling – Chairman, President and CEO: The discussions are definitely still ongoing. I’m encouraged by the discussions, but too early to predict any outcome at this point.
James Dobson – Wunderlich Securities: And timing would still be, I mean we should see some advancement on that throughout the year, but it would really come to head as we get towards the fourth quarter I would imagine since you’d be filing that rate case if you were certainly very early in first quarter ’14?
Patricia L. Kampling – Chairman, President and CEO: This is a top priority of our Jay. So, we’re working, very, very hard, but again it’s too hard to predict what the timing will be at this point.