Thank you for holding, ladies and gentlemen, and welcome to the Alliant Energy's third quarter 2012 earnings conference call. At this time, all lines are in a listen-only mode. Today's conference is being recorded. I would now like to turn the call over to your host, Susan Gille, Manager of Investor Relations at Alliant Energy.

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 Pat Kampling, Chairman, President and Chief Executive Officer; Tom Hanson, Vice President and CFO; and Robert Durian, Controller and Chief Accounting Officer as well as other members of the senior management team. Following prepared remarks by Pat and Tom, we will have time to take questions from the investment community. We issued a news release this morning announcing Alliant Energy's third quarter 2012 earnings, updated 2012 earnings guidance, updated 2012 through 2016 capital expenditure guidance and 2013 earnings guidance and dividend target. 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 www.alliantenergy.com. 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 this morning and in our filings with the Securities and Exchange Commission. We disclaim any obligation to update these forward-looking statements. I addition, this presentation contains non-GAAP financial measures. The reconciliation between the non-GAAP and GAAP measures are provided in the supplemental slides which are available on our website at www.aliantenergy.com. At this point, I'll turn the call over to Pat.

Good morning and thank you for joining us today. First, on behalf of all the employees at Alliant Energy, I'd like to offer our encouragement and support for those of you impacted by hurricane Sandy. We hope that you, your families and your businesses are on a path to recovery and with you all the very best. I must recognize the over 200 dedicated Alliant Energy employees who have been working in New York. I also want to thank them and their families for the personal sacrifices they have made to help those in need. And to many of you on the call, our employees certainly appreciate the gratitude and encouragement you've shown our crews as you've seen them in your neighborhood. However, a very special thanks go to our employees who are maintaining the excellent customer service and liability here at home while our crews are away. I couldn't be prouder of the compassion, work ethic and dedicated of our entire organization. And speaking of dedication, with Veteran's Day just a few days away, I would also like to take a moment and pay tribute to the 400 proud veterans that work here at Alliant Energy and to those veterans that are on the call with us today. This morning, we issued a press release that provided third quarter results, revised 2012 earnings guidance, a slight revision to the capital expenditures for 2012 through 2016 and earnings guidance and a targeted dividend level to 2013. Tom will provide the detail on the quarterly financial results and year-end 2012 and 2013 projections. But in summary, I am pleased to let you know that for 2012, the midpoint o the guidance increased by $0.07, the targeted 2013 dividend level is 4.5% above current levels and adjusting 2012 for weather impacts, the…

Good morning, everyone. We released third quarter earnings this morning with our GAAP earnings from continuing operations went down to $0.34 per share. There are no adjustments to GAAP earnings this quarter. 2012 third quarter earnings are up over third quarter 2011 primarily due to the impacts of warmer weather and the timing of the electric tax benefit writer. These positive EPS drivers were personally offset by expected increases in depreciation and new purchase power capacity expenses. Comparisons between third quarter 2012 and 2011 earnings per share are detailed on supplemental Slides 5, 6 and 7. The third quarter 2012 weather resulted in positive earnings on electric sales of $0.20 per share, $0.04 higher than third quarter 2011 weather impact of $0.16 per share. Year to date, weather increased earnings $0.14 in 2012. With the higher earnings from the summer weather, we are planning to incur some additional expenses in the fourth quarter to get a head start on some key operational initiatives. These initiatives include tree trimming, providing our field and plant employees with flame retardant pants and enhancing our business continuity planning. As a result of the earnings impacts of the weather and these initiatives, we narrowed the 2012 earnings guidance range to $2.90 to $3.05 per share. As a reminder, our 2012 guidance was based on no material growth in weather normalized sales between 2011 and 2012 and that is still our forecast for this year as well as next year. Sales trends are illustrated on supplemental Slide 8 and 9. The electric tax benefit writer resulted in quarter-over-quarter variation in IPL and (apparent) of $0.04 per share of higher earnings in the third quarter of 2012 when compared to the third quarter of 2011. The actual and projected quarterly earnings impact on the 2012 as well…

(Operator Instructions) Your first question comes from the line of Jay Dobson – Wunderlich Securities. Jay Dobson – Wunderlich Securities: Tom, quick question, the contract cancellation that you have in the quarter-over-quarter walk, I assume that's Riverside. Can you confirm what that is?

No, that is a long-term service agreement at (Emry) that we're stepping out of. Jay Dobson – Wunderlich Securities: So that's almost a non-recurrer. That's something that we won't see again.

That is correct. Jay Dobson – Wunderlich Securities: And then, Pat, on the Franklin County plant, I noted that we're now looking for a loss and certainly a contract could potentially mitigate that. But how do you think about sale opportunities of that asset? Obviously an unregulated wind is probably not core to what you're trying to accomplish.

Jay, we went down this path. We knew this was the least risky option for us was just to complete the site before the tax credits expire. We're still open to many different ideas on what to do with the facility. Right now, we're just willing to ride the my sell market even though the costs are lower just because of the long-term pricing of PPAs right now. So we're definitely open for all types of options on that as we go forward. Jay Dobson – Wunderlich Securities: And that $0.04 reflects current market environment.

Yes, yes. Jay Dobson – Wunderlich Securities: Then on the Iowa rate base that you included in the supplemental slides, does that include quip or not include quip?

It does not include quip. Jay Dobson – Wunderlich Securities: Given the changes in the CapEx – I know it was only about $50 million net across the 2012 to 2016 – would the quip balances change a lot from what you had previously disclosed appreciating that they'll likely be included in the slides that you published this afternoon?

No, no.

(Operator Instructions) Your next question comes from the line of Brian Russo – Ladenburg Thalmann. Brian Russo – Landenburg Thalmann: I apologize because I got on the call a little bit late. The Iowa rate proposal, has that been filed yet or should we expect that shortly?

That will be filed here in November. Well, I should say probably at the end of November.

Are you talking about the Marshalltown generating station, Brian? Brian Russo – Landenburg Thalmann: No, I'm referring to a proposed rate structure in 2014.

No, that has not been filed. We are still working with the stakeholders to find an appropriate method to come up with the rate stabilization plan. We can talk to you when we see you at the EEI over the weekend. But you'll see in the slides that we posted the rate base additions will be really offsetting the reduction in the capacity payment. Brian Russo – Landenburg Thalmann: Just to clarify, the rate base numbers for IPL in the current slides that's after any deferred tax adjustment, correct?

That's true, yes. Brian Russo – Landenburg Thalmann: Then just on the rate stabilization plan, I think you said earlier the goal is to keep rates where they are and backfill it with CapEx. Would you be in a position of overearning in 2014 and, therefore, you might look to implement some sort of ROE sharing band?

That's definitely open. The overearning, though, is not going to be very meaningful, Brian, as you look at the additional rate base that's been – will be added to IPL. Brian Russo – Landenburg Thalmann: And if I heard you correctly, if you don't reach a rate stabilization plan settlement you'll file in '13 in IPL for rates in '14 and also include 2014 rate base in that.

Yes, what we'll do, Brian, is file at the end of the first quarter in '14, which is really the '13 rate base. But you can also file for first quarter additions to rate base, so it will be a hybrid of '13 plus the first quarter additions to '14 that we'll file if we have to go down that path. Brian Russo – Landenburg Thalmann: Then on the 2013 guidance, I noticed this $0.11 year-over-year positive for higher PTCs and change in tax accounting that's related to property. Could you just add some background on that?

Yes, with respect to the higher PPCs, we would expect there would be additional generation from the (Ben Tree) project and, to a lesser degree, at Whispering Willow East and then the tax method change that we're proposing is that this would allow us to take an immediate deduction for cost removal items in IPL service territory which would then allow us to capture the benefit that we have highlighted on Slide 11. Brian Russo – Landenburg Thalmann: Is that ongoing?

Yes. That would be a change in method on a going forward basis. So we would continue to see some continuation of that benefit in future years. Brian Russo – Landenburg Thalmann: And then what's the load growth assumption in '13 versus '12?

In the supplemental slides, we have identified that but the reality is it's virtually flat. We have a slide that shows '11 to '12 and then '12 to '13 but for all intensive purposes it's flat.

Ms. Gille, there are no further questions at this time.

With no more questions, this concludes our call. A replay will be available through November 16th 2012 at 888-203-1112 for US and Canada or 719-457-0820 for international. Callers should reference conference ID 8244179. In addition, an archive of the conference call and a script of prepared remarks made on the call will be available on the investors section of the company's website later today. We 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. Thank you for your participation.