Alliant Energy Corporation (NYSE:LNT) Q2 2020 Earnings Conference Call - Final Transcript

Aug 07, 2020 • 10:00 am ET


Alliant Energy Corporation (NYSE:LNT) Q2 2020 Earnings Conference Call - Final Transcript


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Good morning, and welcome to the Alliant Energy's Conference Call for the Second Quarter 2020 Results. This call is being recorded for rebroadcast. [Operator Instructions]

I would now like to turn the call over to your host, Susan Gille, Investor Relations Manager at Alliant Energy. Please go ahead.

Susan Gille

Good morning. I would like to thank all of you on the call and the webcast for joining us today. We appreciate your participation. Joining me on this call are John Larsen, Chairman, President and Chief Executive Officer; and Robert Durian, Executive Vice President and CFO. Following prepared remarks by John and Robert, we will have time to take questions from the investment community.

We issued a news release last night announcing Alliant Energy's second quarter financial results and reaffirmed the consolidated 2020 earnings guidance issued in November 2019. This release as well as supplemental slides that will be referenced during today's call are available on the Investor page of our website at

Before we begin, I need to remind you 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 press release issued last night and in our filings with the Securities and Exchange Commission. We disclaim any obligation to update these forward-looking statements.

In addition, this presentation contains references to non-GAAP financial measures. The reconciliation between non-GAAP and GAAP measures are provided in the earnings release and our 10-Q, which will be available on our website.

At this point, I'll turn the call over to John.

John O. Larsen

Thanks, Sue. Good morning, everyone. I hope you're all staying safe and healthy. Thank you for joining us today as we highlight our solid results for the second quarter of 2020. I'll share a few notable stories from the quarter and then turn the call over to Robert as he recaps some of our regulatory, customer and financial highlights.

I'll start my comments with a focus on our recently issued Corporate Responsibility Report. This year's update showcases many examples of our environmental stewardship as well as our long-standing efforts to address the important social needs of the communities we proudly serve. On the environmental front, we were excited to announce that we achieved our 2030 goal of having 30% of our energy mix come from carbon-free renewable resources, 10 years ahead of schedule. And we're not stopping there. Our customer-focused strategy continues to advance us toward a clean-energy future. And our responsibility report has been updated with new and even more aggressive clean-energy goals. These new goals are shown on Slide 2 of the supplemental slides.

Our report also highlights the great work of our employees to support our customers and communities. This is not new for Alliant Energy. It's part of how we do business. We've continued to support our customers and communities as they respond to the ongoing demands of