Thank you for holding, ladies and gentlemen, and welcome to Alliant Energy’s Third Quarter 2014 Earnings Conference Call. (Operator Instructions) Today’s conference is being recorded. I’d now like to turn the call over to your host, Susan Gille, Manager of Investor Relations 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 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 last night announcing Alliant Energy’s third quarter 2014 earnings, updating 2014 earnings guidance, and providing 2014 through 2023 capital expenditure guidance. We also issued earnings guidance and the common stock dividend target for 2015. 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 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 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.alliantenergy.com. At this point, I’ll turn the call over to Pat.

Good morning and thank you for joining us today. The Veterans Day is just a few days away. I would like to take a moment and pay tribute to the approximately 400 proud veterans that work here at Alliant Energy and those veterans that are on the call with us today. We thank you for your service to our country and for protecting our freedom. Enjoy your special day. Yesterday we issued two press releases. The first press release described our plans to build a combined cycle, 650 megawatt natural gas fuel facility, which we are referring to as the Riverside Energy Center expansion located on our property in Beloit, Wisconsin. The estimated capital expenditure range for this facility is between $725 million and $775 million excluding AFUDC and transmission. The second press release provided third quarter and year-to-date results, our revised 2014 earnings guidance range and our 2015 earnings guidance and targeted common stock dividend. That release also updated capital expenditure plans through 2017 and provided our capital expenditure plans for 2018 through 2023. Let me start with year-to-date 2014 financial results. I am pleased to report that we’ve had another solid quarter as our employees continue to manage our operations in a manner that has allowed us to meet our operating plan, objectives for safety, reliability, customer cost, and financial performance. In fact, our weather-normalized earnings are in line with the midpoint of our earnings guidance of $3.40 per share. However, we have increased and narrowed the midpoint of our earnings guidance range to $3.48 per share to incorporate the positive $0.08 per share weather year-to-date. The $0.12 per share weather benefit realized in the first quarter of the year, mostly due to the winter that we all want to forget, still far outweighed the $0.04 per share…

Good morning, everyone. We released third quarter earnings last evening with GAAP earnings from continuing operations of $1.40 per share. 2014 third quarter earnings are lower than third quarter 2013 primarily due to electric customer billing credits at IPL, lower quarter-over-quarter earnings due to cooler summer weather, higher energy efficiency cost recovery amortizations to WPL, and higher depreciation expense. The lower earnings were partially offset by lower purchase power capacity costs related to Duane Arnold and Kewaunee. Comparisons between third quarter 2014 and 2013 earnings per share are detailed on slides 6 and 7. With approximately 20% fewer cooling degree days compared to normal, the third quarter 2014 weather resulted in lower earnings from electric sales of $0.06 per share. This is $0.13 lower than the third quarter 2013 impact of a positive $0.07 per share. We have modest weather normalized retail sales growth in 2014. Sales trends between 2014 and 2013 are illustrated on Slide 8. You will see that the growth we are experiencing in our industrial and commercial class – customer class it partially offset with residential sales declines year-over-year. The extreme weather volatility we experienced over the last years has increase the difficulty in estimating the impact of weather has on customer usage. IPL’s tax benefit riders resulted in a negative $0.02 per share variance in the third quarter of 2014, when compared to the third quarter of 2013. The actual and projected quarterly earnings impact to the 2014 benefit riders, as well as the actual quarterly earnings impact to the 2013 tax benefit riders is provided on Slide 9. The tax benefit riders have a quarterly impact, but do not anticipate to impact full year 2014 results. Year-to-date earnings are tracking in line with 2014 earnings guidance range in our operating plan. Comparing earnings from…

Thank you, Mr. Hanson. At this time, the company will open up the call to questions for members of the investment community. Alliant Energy’s management will take as many questions as they can within the one hour timeframe for this morning’s call. (Operator Instructions) And we will take our first question from Andrew Weisel with Macquarie Capital. Andrew Weisel – Macquarie Capital: Good morning, everybody.

Good morning, Andrew.

Good morning, Andrew. Andrew Weisel – Macquarie Capital: My question is on the increased CapEx, very impressive numbers. Tom, I think you said that you’re now expecting a $150 million in 2015 and nothing in 2016. So over the two years, no change to the equity needs even though you’re adding almost $350 million of CapEx. Can you sort of walk me through what’s going to plug that difference? And then the second part of that question is, given that you’re in rate freezes in both states for the two years, any impact on your ability to earn the lot ROEs.

First, you should expect that we will be earning our ROEs during the next two years. So that was a key component of the settlements in both states, with respect to the equity, we are expecting to meet the equity need to 2015, as I stated there will be no incremental leads in 2016. And the delta really will be offset with the expectation, we’ll have additional cash flows from operations. Andrew Weisel – Macquarie Capital: Okay, great. Next question is on the new Riverside plant that you are talking about to help me understand the numbers in the sense that you are replacing 300 megawatts, you had been using 300 megawatts as a placeholder, did that RFP for up to 600 and now you are coming out with the plan for 650. Why – how did you lend on a significantly bigger number for the Riverside project?

Sure, I’ll handle that one. First, we did our analysis with more economical for us to retire some of these older peaking units as well, that’s what really made the difference between the 300 to the 700. Andrew Weisel – Macquarie Capital: Okay, great, yes. Sorry, if I missed that. And then lastly, when I go through the walk for 2015 guidance, I see $0.09 per other mostly low growth, what percentage increases that assume?

We are assuming a 1.5% growth in retail sales at IPL and 2% growth at WPL. Andrew Weisel – Macquarie Capital: Alright, thanks a lot.

Andrew, if I could just clarify something, the additional retirement of Edgewater unit 4 is also in the calculation of the megawatts. Andrew Weisel – Macquarie Capital: And how many megawatts for that one?

225. Andrew Weisel – Macquarie Capital: Great. That definitely fills the hole then, thank you.

Exactly, thank you.

And next we’ll go to Brian Russo with Ladenburg Development. Brian Russo – Ladenburg Development: Hi, good morning.

Good morning, Brian. Brian Russo – Ladenburg Development: Just in terms of the 2015 guidance, should we assume like that the midpoint of that guidance is both utilities earning their loud ROE. I know there is upside to the earn returns at IPO and sharing bans, would that kind of get you to say the upper core tile of that range versus the midpoint?

You are right. Brian so the midpoint is established with those earning or authorize returns any difference from that would be within the range of the guidance. Brian Russo – Ladenburg Development: Okay, great. And I would imagine in the EEI presentation, you also disclosed your updated AFUDC forecast?

We will be providing update rate base as well as equip balances and the equip balances you will be able to calculate the incremental AFUDC. Brian Russo – Ladenburg Development: Okay. So can we talk now about the incremental AFUDC associated with the Riverside CCGT or you just rather way for the presentation?

Yes. Brian, we are going to be posting those at the end of the day today. Brian Russo – Ladenburg Development: Okay. Fair enough.

Thank you. Brian Russo – Ladenburg Development: And then I’m just curious you conducted the RFP process, you’ve now chosen to self build the CCGT. I would imagine Brown Field development is just competitive on a variety of different levels than any newbuild scenario that may have been submitted in the RFP is that the kind of way to look at it?

There were a lot of different options Brian. This location and we actually own this land as part of our Riverside facility right now. It’s just a really good location for gas transmission, et cetera. So that was one of the key factors in this. Brian Russo – Ladenburg Development: Got it. Okay. And then is it also the way to look at the CCGT is that the rate impact of the added resource in base rates is going to be partially offset, or more than offset or more than offset by the capacity contracts that roll off or partially?

Yes Brain there’s no capacity contracts rolling off with this new facility. But it will be a gradual, the way in Wisconsin where you earned during construction will be a gradual increase to customers over several years. Brian Russo – Ladenburg Development: Okay. So it won’t be like the magnitude as the rate increase that you are going to see from Marshalltown in IPL?

No it’d be for multiple years. Brian Russo – Ladenburg Development: Got it. Thank you very much.

And next we’ll take a question from Ashar Khan with Visium. Ashar Khan – Visium Asset Management, LP: What happens if bonus depreciation is extended, does that have any impact on the financing or anything?

With respect to the equity financing it would not, because of the NOLs that we have, certainly with bonus depreciation it will result in additional NOLs, but currently we are not expecting to be a taxpayer, till 2016. So with the potential extenders, that could push us in 2017, so that would not be impacting the target equity that we have planned for 2015. Ashar Khan – Visium Asset Management, LP: Okay. And secondly can we look at this, I guess, like the dividend hike. Can we look at this new rate as this kind of was kind of like 8% or something, can we expect now 7% to 8% growth in dividend going forward?

The dividend will be growing as earnings grow. What we’re doing is just slightly moving up in the range. And we’ll evaluate that each year though. Ashar Khan – Visium Asset Management, LP: Okay, okay, thank you Pat.

Sure, we’ll see you next week. Ashar Khan – Visium Asset Management, LP: Thanks.

And Miss Gill there are no further questions at this time.

With no more questions, this concludes our call. A replay will be available through November 14, 2014 at 888-203-1112 for U.S. 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 the prepared remarks made on the call will be available on the Investor 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 that concludes today’s conference.