Thank you for holding, ladies and gentlemen, and welcome to Alliant Energy's First Quarter 2013 Earnings Conference Call. [Operator Instructions] 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 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, Senior 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 first quarter 2013 earnings and reaffirmed 2013 earnings guidance. 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. In addition, this presentation contains non-GAAP financial measures. The reconciliations between the non-GAAP and GAAP measures are provided in the supplemental slides which are available on our website at www.alliantenergy.com. At this point, I'll turn the call over to Pat.

Good morning, and thank you for joining us today. We had a solid first quarter. Our non-GAAP earnings per share from continuing operations increased $0.22 per share over the first quarter of 2012. $0.14 per share is due to a return to near-normal temperatures in the first quarter 2013 and to experiencing a record warm winter a year ago. Tom will go further -- Tom will go over further details regarding our year-over-year earnings drivers a bit later in the call. We've experienced very interesting weather so far this year, and yesterday was no exception. Some areas of our service territories received over a foot of snow, while other areas experienced nice summer weather only a few days ago. This spring, we went from dredging the river near one of our generating stations to ensure an adequate water supply, to repair and to implement flood plans at our river stations. Today, we've managed the wet spring very well and using insights from our 2008 floods to guide our actions. We are pleased to report that the ice, snow and the spring flooding have had little impact on our facilities or on our financial results. Even more impressive is the fact that our employees worked through these challenging conditions while improving our safety record when compared to the first quarter of 2012. Hats off to our crews. Another first quarter positive was our wind generation. Our first quarter utility-owned wind capacity factors increased from approximately 32% in 2012 to 40% in 2013. Now I would like to take a few moments to discuss a number of positive outcomes from our regulatory efforts. Last week, WPL announced the settlement with the EPA and the Sierra Club. The terms are consistent with WPL's energy resource plant announced in 2012 and many of the…

Good morning, everyone. Today, we released our first quarter 2013 earnings. Non-GAAP earnings from continuing operations were $0.72 per share, which is a $0.22 per share increase over first quarter 2012. First quarter 2013 weather resulted in a positive earnings of $0.02 per share compared to a loss of $0.12 per share in the first quarter of 2012. This resulted in a $0.14 share positive variance. Other positive drivers were quarter-over-quarter timing impact of IPL's electric and gas tax benefit riders, elimination of capacity charges related to WPL's Riverside PPA, a 2013 revenue requirement adjustment related to IPL's tax initiatives and lower energy conservation cost recovery amortization at WPL. These positive EPS drivers were partially offset by higher WPL depreciation expense, reduced retail gas base rates for WPL starting in January 2013 and losses with AER's Franklin County wind farm. First quarter comparisons between 2013 and 2012 earnings per share are detailed on Slides 4, 5 and 6. We are reaffirming our 2013 guidance of $2.95 to $3.25 a share. While we are pleased with first quarter results, we are a third quarter company due to our summer load -- summer peak load. Thus, we are not making changes to our guidance at this time. In our consolidated earnings guidance walk between 2012 and 2013, which has been provided in our Investor Relations presentations, we highlighted several drivers for the forecasted year-over-year earnings results. One of the largest drivers is the forecasted $0.29 per share increase in earnings due to a lower purchase power capacity cost, primarily related to the Riverside Energy Center which WPL purchased on December 31, 2012. To assist with modeling quarterly earnings projections, please note that of the $60 million annual Riverside capacity payments, approximately $6 million was paid in the first quarter, $28 million --…

[Operator Instructions] And we'll take our first question from Brian Russo with Ladenburg Thalmann. Brian J. Russo - Ladenburg Thalmann & Co. Inc., Research Division: Just curious on Slide 7, you have your full year weather-normalized sales outlook, and it just looks like the WPL sales forecast is just a little more positive, I would say, than IPL's. You mentioned the cogen, I think, at IPL, but maybe you could just kind of comment on maybe the different trends you're seeing in each service territory.

Yes. Brian, to be honest with you, we're cautiously optimistic when we see these numbers as well. But we have had 4 years of extreme weather, so we're still predicting that sales are going to be flat because weather normalization is part art, part science. But we're still predicting flat, but we are encouraged with these numbers on the slide as well. Brian J. Russo - Ladenburg Thalmann & Co. Inc., Research Division: Okay. And what does the Marshalltown spending profile look like? Could you be more specific by year?

Yes. Brian, if you would go to Supplemental Slide 2, it's highlighted beginning in 2014 with the green bars, and then it continues in '15 and '16 as well. Brian J. Russo - Ladenburg Thalmann & Co. Inc., Research Division: Okay. Will your Q have the actual breakdown?

Yes, our 10-K has it by year. Brian J. Russo - Ladenburg Thalmann & Co. Inc., Research Division: Okay, okay. And lastly, the Franklin wind farm, I think you mentioned what the loss on a per share basis was in first quarter of '13. What are you kind of assuming in your annual guidance for that?

Yes, we're still assuming $0.05, Brian. And the $0.02 that's in the -- the walk [ph] in press release was over last year and we had some capitalized interest last year.

We'll go next to Jay Dobson with Wunderlich Securities.

Continuing on the Franklin County wind, can you talk a little bit about your contracting efforts there and sort of how those are advancing, and then just your sort of latest thoughts on monetization possibilities for that asset?

Sure. As I mentioned in the past, the critical path around right now with Franklin County is to make sure the transmission constraints get alleviated. We don't expect that to be complete probably till the third quarter, so we're working on that as our first priority. I would like to tell you, though, in the first quarter, even with the constraints, the capacity factor at the site was 34%. We're pleased with the production at the facility, but right now, we're not actively looking at any PPAs or selling the facility.

Okay, fair enough. And then on the Iowa settlement, maybe just -- and I know it's a fluid situation, but give us sort of your latest thoughts on the potential for a settlement before you'd be filing that rate case.

Sure. The discussions are definitely still ongoing. I'm encouraged by the discussions, but too early to predict any outcome at this point.

Got you. And timing would still be -- I mean, we should see some advancement on that throughout the year, but it would really come to a head as we get towards the fourth quarter, I would imagine, since you'd be filing that rate case, if you were, certainly very early in the first quarter '14?

Yes, this is a top priority of ours, Jay, so we're working this very, very hard. But again, it's too hard to predict what the timing will be at this point.

[Operator Instructions] We'll go next to Andrew Weisel with Macquarie Capital.

Just one more clarifier on the load growth forecast. It looks like WPL was taken up and IPL came down a little bit relative to the 4Q slides. How much of that is the actual results from 1Q versus a change in the outlook?

It's first quarter activity. And as Pat said, again...

Weather-normalized first quarter.

Yes, weather-normalized. And just to reiterate what Pat said, given the fact that we've had 4 years of restrained conditions in terms of our weather normalization calculation, and we recognize that we do go out 1 decimal point to the right here. It might imply a level of accuracy that may not exist, but we continue to look at that, and as Pat said, we're cautiously optimistic with the sales.

Okay, that makes sense. And then just one I wanted to clarify. I understand that the cogeneration outages last year may have sort of inflated the industrial volumes at IPL. But the forecast for the full year came down even relative to the February slide deck. So just wondering, is that all 1Q coming in lower than you expect? Or is that the dust settling on some of the cogen numbers from last year?

No, it's the 1 quarter.

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

With no more questions, this concludes our call. A replay will be available through May 10, 2013, at (888) 203-1112 for U.S. and Canada, or (719) 457-0820 for international. Callers should reference conference ID 824-4179. In addition, an archive of the conference call and a script of the 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.

And again, that does conclude today's conference. We thank you for your participation.