Item 2. PROPERTIES

Alliant Energy - As a holding company, Alliant Energy doesn’t directly own any significant properties other than the stock of its subsidiaries. The principal properties of those subsidiaries are as follows:

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IPL and WPL

Electric - At December 31, 2020, IPL’s and WPL’s EGUs by primary fuel type were as follows:

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(a)Based on the accredited generating capacity of the EGUs as of December 31, 2020 included in MISO’s resource adequacy process for the planning period from June 2020 through May 2021. Richland and Kossuth did not receive any accredited generating capacity for this planning period since construction was completed after the start of the planning period.

(b)Represents IPL’s 48% ownership interest in this 726 MW (nameplate capacity) / 662 MW (generating capacity) EGU, which is operated by IPL.

(c)Represents IPL’s 25.695% ownership interest in this 696 MW (nameplate capacity) / 608 MW (generating capacity) EGU, which is operated by MidAmerican Energy Company.

(d)Represents IPL’s 28% ownership interest in this 584 MW (nameplate capacity) / 489 MW (generating capacity) EGU, which is operated by MidAmerican Energy Company.

(e)Represents IPL’s 4% ownership interest in this 812 MW (nameplate capacity) / 703 MW (generating capacity) EGU, which is operated by MidAmerican Energy Company.

(f)Represents WPL’s 91.8% ownership interest in this 723 MW (nameplate capacity) / 576 MW (generating capacity) EGU, which is operated by WPL.

(g)Represents Units 2 and 3, which WPL owns. WPL also operates, but does not own, South Fond du Lac Combustion Turbines Units 1 and 4.

(h)Represents WPL’s 53.5% ownership interest in this 1,112 MW (nameplate capacity) / 1,050 MW (generating capacity) EGU, which is operated by WPL.

(i)Represents WPL’s 42.64% ownership interest in this 138 MW (nameplate capacity) / 19 MW (generating capacity) EGU, which is operated by Invenergy Services, LLC.

IPL and WPL own overhead electric distribution line, underground electric distribution cable and substation distribution transformers, substantially all of which are located in Iowa for IPL and Wisconsin for WPL.

Gas - IPL’s and WPL’s gas properties consist primarily of mains and services, meters, regulating and gate stations and other related transmission and distribution equipment. IPL’s and WPL’s gas distribution facilities include gas mains located in Iowa and Wisconsin, respectively.

Other - IPL’s other property includes steam service assets. Refer to Note 10 for information regarding WPL’s lease of the Sheboygan Falls Energy Facility from AEF’s Non-utility Generation business.

Corporate Services - Corporate Services’ property included in “Property, plant and equipment, net” on Alliant Energy’s balance sheet at December 31, 2020 consisted primarily of a customer billing and information system for IPL and WPL and other computer software, and the corporate headquarters building located in Madison, Wisconsin.

AEF - AEF’s principal properties included in “Property, plant and equipment, net” on Alliant Energy’s balance sheet at December 31, 2020 were as follows:

Non-utility Generation - Includes the Sheboygan Falls Energy Facility, a 347 MW, simple-cycle, natural gas-fired facility near Sheboygan Falls, Wisconsin that was placed in service in 2005 and is leased to WPL. The Sheboygan Falls Energy Facility was accredited with 292 MW of generating capacity for MISO’s resource adequacy process for the planning period from June 2020 through May 2021.

Travero - Includes a short-line rail freight service in Iowa, and a barge, rail and truck freight terminal on the Mississippi River.