Thank you for holding, ladies and gentlemen, and welcome to the Alliant Energy First Quarter 2008 Earnings Conference Call. At this time, all lines are in a listen-only mode. I would like to turn the conference over to your host, Mr. Jamie Freeman, Manager of Investor Relations at Alliant Energy. Please go ahead Sir.

Good morning. I would like to thank all of you on the call and on the webcast for joining us today. We appreciate your participation. With me here today are Bill Harvey, Chairman, President and Chief Executive Officer; and Eliot Protsch, our Chief Financial Officer; as well as other members of the senior management team. Following prepared remarks by Bill and Eliot, we will have time to take questions from the investment community. We issued a news release this morning announcing Alliant Energy's 2008 first quarter earnings. This release is available on the right hand side of the Investors page of our website at www.alliantenergy.com. Before we begin, I need to remind you that 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 this morning and in our filings with the Securities and Exchange Commission. We disclaim any obligation to update these forward-looking statements. At this point, I’ll turn the call over to Bill who will provide some general comments on the quarter, the economy in our service territories, our generation plan and some recent actions on energy efficiency.

Thanks Jamie. Good morning everyone and thanks for your continued interest in our company. During the first quarter, our employees and businesses continue to perform admirably. Despite much colder than normal weather, and a record-breaking snowfall totals, our utility distribution system reliability was above historical averages. And most important, our continued focus on safety has significantly reduced the number of loss time accidents in our workforce. I'm also pleased with the solid financial results we produced in the first quarter. While Eliot will touch on most of the key drivers later in the call, I want to take a minute to discuss how our service territory is fairing in the current economic climate. In Iowa, housing starts are only 2% below last year's first quarter and the unemployment rate is amongst the lowest in the nation. In terms of electric sales, colder than average weather and increased usage, drove sales up 4%. The biggest driver of this increase was in the industrial class. With a combined electric sales to our top 10 customers, many of which are agriculture base, jumped 6% either the top 10 industrial customers experienced electric usages. In Wisconsin, housing starts are 3% above last year's first quarter and the unemployment rate is slightly below the national average. While the number of WP&L retail electrical customers grew about 2% in each class versus a year ago, sales were essentially flat. Unlike IP&L, WP&L's industrial class is concentrated in manufacturing and eight of the top ten customers experienced declines in their electric usage. Despite the much colder than normal winter and corresponding high gas prices, our utilities did not experience any spikes in either bad debt expense or accounts 30 days in arrears. In fact, both of the customer collection metrics improved versus the same period last year.…

Thanks, Bill, and thanks to all of you for joining us today. I would like to begin with a few comments on our first quarter earnings, which were $0.07 higher than the same period in 2007. First, earnings reflect our established practice of hedging weather impacts on our utility business. Despite the hedge, we were able to capture $0.03 of weather-related earnings in the first quarter, as heating degree days were 15% higher than normal. Second, as we discussed in our guidance call last December, while we expect the sale of our IPL transmission assets to be accretive to shareowners over time, our earnings are reduced until the proceeds from the sale are deployed back into utility rate base. Third, volatile fuel costs have impacted earnings at WP&L. I'll discuss this topic in more detail in a few minutes. Finally, led by RMT's WindConnect business, our non-regulated businesses posted solid results. RMT WindConnect, a leader in the wind farm construction business is currently executing over 700 megawatts of wind farm construction contracts in seven states. Over its history, RMT WindConnect has been involved in over 3,000 megawatts of wind projects in 19 different states from California to New York. The strong WindConnect results in the quarter and projects currently under contract have enabled us to modestly increase earnings guidance for our non-regulated businesses. We are also lowering our earnings estimate for the parent due to lower earnings on our significant short-term investments portfolio, which totaled approximately $630 million at the end of March. The RMT and parent changes offset one another thus our earnings guidance at the consolidated level is unchanged at a range of $2.55 per share to $2.75 per share. We continue to believe that warehousing, the proceeds from our transmission sale for our generation build out, and…

Thank you, Mr. Protsch. At this time, the company will open up your call to questions from members of the investment community. Alliant Energy's management will take as many questions as they can within the one-hour time frame of this morning's call. [Operator Instructions]. We will go first to Michael Gresens, Robert W. Baird. Michael Gresens - Robert W. Baird & Co.: Good morning gentlemen.

Hi, Michael.

Hi, Mike. Michael Gresens - Robert W. Baird & Co.: First question on the fuel proceeding within Wisconsin, based on current commodity prices relative to what you have filed in March, what are your expectations or if you have any on the under recovery for the remainder of the year?

Well, the expectation is that since we've used forward strips in developing the filing, Michael, and since we typically update those estimates near the end of the proceeding, our expectation is that given the available forward-looking information we would breakeven under the fuel clause. That's the objective. But of course the volatility in the fuel markets today could produce a different result, either better or worse. But we think the process in the way it works, that is filings based on forward strips updating near the end of the proceeding to capture changes that may have materialized in those strips, we should have a reasonable chance of breaking even. Michael Gresens - Robert W. Baird & Co.: Okay. And then second question on the Sutherland 4 Unit, the air permit in particular, what are they all allowed to look at in terms of deciding that issue and are there going to be a whole another rehashing of the CO2 issue?

Very difficult to predict that. I don't think there are any constraints in terms of what the Iowa Department of Natural Resources can take into consideration in the issuance of that permit, but our expectation at this point is that they will take into consideration existing laws and regulations rather than things which might materialize at some point in the near or distant future. Michael Gresens - Robert W. Baird & Co.: Okay. Thank you.

[Operator Instructions] Mr. Freeman there are no further questions in the queue at this time, sir.

With no more questions, this concludes our call. A replay will be available through May 8, 2008 at 888-203-1112 for US and Canada or 719-457-0820 for international callers. Callers should reference conference ID 3497403. In addition an archive of the conference call and a script of the prepared remarks made on the call will be available on the investor section of the company's website later today. Thank you for your continued support of Alliant Energy and feel free to contact me with any follow-up questions.

That does conclude today's conference, you may disconnect at this time. We do appreciate your participation.