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Business Description
Alliant Energy Corporation is a holding company that provides energy products and services, as well as industrial services, such as environmental, engineering and transportation services. The primary first tier subsidiaries of Alliant Energy include Interstate Power and Light Company, Wisconsin Power and Light Company, Alliant Energy Resources Inc. and Alliant Energy Corporate Services Inc. Alliant Energy realized 48%, 47%, 3% and 2% of its 2003 electric utility revenues in Iowa, Wisconsin, Minnesota and Illinois, respectively. Approximately 90% of the electric revenues were regulated by the respective state commissions, while the other 10% were regulated by the Federal Energy Regulatory Commission. Alliant Energy realized 48%, 47%, 3% and 2% of its 2003 gas utility revenues in Iowa, Wisconsin, Minnesota and Illinois, respectively.

Financial Information
For the nine months ended 9/30/04, revenues increased 1% to $2.18 billion. Net income from continuing operations before acct. chg. increased 40% to $152.5 million. Revenues reflect higher electric utility margins. Net income reflects reduced interest expenses.