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5/3/2024
Stand by. Your program is about to begin. If you need assistance, please press star zero. Thank you for holding and welcome to Alliant Energy's first quarter 2024 earnings conference call. At this time, all lines are in a listen-only mode. Today's conference call is being recorded. I would now like to turn the call over to your host, Susan Gill, Investor Relations Manager at Alliant Energy. Please go ahead.
Good morning. I would like to thank all of you on the call and the webcast for joining us today. We appreciate your participation. With me here today are John Larson, Executive Chairman, Lisa Barton, President and CEO, and Robert Durian, Executive Vice President and CFO. Following prepared remarks by John, Lisa, and Robert, we will have time to take questions from the investment community. We issued a news release last night announcing Alliant Energy's first quarter financial results. This release, as well as the earnings presentation, will be referenced during today's call and are available on the investor page of our website at www.alliantenergy.com. Before we begin, I need to remind you of the remarks we make on this call and our answers to your questions include forward-looking statements. These forward-looking statements are subject to risks that could cause actual results to be materially different. Those risks include, among others, matters discussed in Alliant Energy's news release issued last night and in our filings with the Securities and Exchange Commission. We disclaim any obligation to update these forward-looking statements. References to adjusted earnings exclude temperature impacts and any non-gap adjustments. At this point, I will turn the call over to John.
Thank you, Sue. Good morning, everyone, and thank you for joining us. We are excited to share some key milestones and provide updates on several areas of the business today. 2024 is off to a solid start and we remain committed to achieving our strategic objectives while continuing our long track record of solid operational and financial execution. Our company's purpose Serving customers and building stronger communities remains at the center of everything we do. I will highlight a few of our key 2024 achievements and then turn the call over to Lisa and Robert to provide more updates as well as additional details relating to our operations, financial performance, and key regulatory matters. I'll start by highlighting the successful execution of our strategic solar investment. These investments play an important role in our balanced generation portfolio, a portfolio that delivers safe, resilient, and reliable energy to our customers. Our final solar project in Wisconsin is near completion, which signifies the culmination of our planned 1.1 gigawatts of solar investment in the state and providing long-term value to our customers. The completion of this investment solidifies our position as the largest owner-operator of solar generation in Wisconsin. When constructing our renewable generation, we follow the Institute for Sustainable Infrastructure framework called Envision. Using this framework, we design projects to enhance environmental, social, and economic impacts. I'm pleased to report that so far, we've received platinum Envision certification for four of our Wisconsin solar projects. We also made progress on our solar investments in Iowa. Our 50 megawatt solar project in Linn County, just outside of Cedar Rapids, is now operational. And we remain on track for completing the remaining 350 megawatts in the state by the end of 2024. These strategic investments in solar energy are enhancing customer value by providing zero fuel cost resources tax credits, and creating a more balanced energy mix for our customers. This balance is critical to delivering reliable and resilient energy to our customers. And in addition, these solar projects contribute to local economies by generating new job opportunities and revenues. Another exciting milestone for our company is achieving the halfway mark on our commitment to planting one million trees, one tree for every electric customer. The effort is to plant these trees is rooted in our commitment to our customers and the communities we proudly serve. Before I turn it over to Lisa, I want to share some exciting recognition we've recently received. We've been named to Newsweek's list of most trustworthy companies in America for the third year in a row. And for the second year in a row, we earned the highly coveted Vets Indexes Employer Award. recognizing our focus on hiring, retaining, and supporting our veterans and the military-connected community. A special thank you to our dedicated veterans. Thank you for your service. I'm grateful to all our employees for their strong commitment to our customers and their continued dedication to delivering outstanding service to the communities we serve. I'm proud to work for this company and proud of what we have accomplished as a team. Our investment thesis continues to pursue consistent performance. We are well positioned for growth and excited for the future. I'll now turn the call over to Lisa.
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