Thank you for holding, ladies and gentlemen, and welcome to Alliant Energy's Third Quarter 2015 Earnings Conference Call. At this time, all lines are in a listen-only mode. And today's conference is being recorded. I would now like to turn the conference over to your host, Susan Gille, Manager of Investor Relations at Alliant Energy.

Good morning. I would like to thank you of -- 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, Vice President, Chief Accounting Officer and Controller; 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 2015 earnings narrowing 2015 earnings guidance. I’m providing 2015 through 2020 forward capital expenditure guidance. We also issued earnings guidance and the common stock dividend target for 2016. Press 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 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 to those veterans are on the call with us today. We thank you for your service to our country and for protecting our freedoms. Enjoy your special day. Yesterday we issued press releases which included third quarter and year-to-date financial results our revised 2015 earnings guidance range. And for 2016, our earnings guidance and targeted common stock dividend. That release also provided updated detailed annual capital expenditure plans through 2019 and our capital expenditure total for 2020 to 2024. Tom will later provide details of the quarter, but I am pleased to report that we delivered another solid quarter. And since temperature was close to normal with the third quarter, at first we had no impact on our year-to-date earnings. So with the summer behind us, we are now in our 2015 earnings guidance but we are now including an adjustment to our ATC earnings to reflect the anticipated lower ROE. ATCs current authorized ROE is 12.2% we are reserving $0.03 per share for the year reflecting an anticipated ROE of 11.5%. Therefore we are changing the midpoint of this year’s earnings guidance range from $3.60 per share to $3.57 per share. Now looking at next year, the midpoint of our guidance for 2016 is $3.75 per share a 5% increase from our projected 2015 guidance as detailed on Slide number 2. This increase reflects a forecast with customer sales increase of 1% and earning on capital additions. Our long-term earnings growth objective continues to be 5% to 7% supported by our robust capital expenditure plan modest sales growth…

Good morning everyone. We have released third quarter earnings last evening with our non-GAAP earnings from continuing operations of a $1.63 per share and our GAAP earnings from continuing operations to a $1.59 per share. The non-GAAP to GAAP difference is due to a $0.04 per share charge resulting from approximately of 2% employees accepting voluntary separation packages as we continue focusing on effectively managing cost for our customers. 2015 third quarter non-GAAP earnings are $0.23 higher than the third quarter 2014 primarily due lower retail electric customer billing credits at IPL, higher electric sales and lower energy efficiency cost recovery amortization to WPL. Higher quarter-over-quarter EPS was partially offset by higher electric transmission service expense at WPL and the delusion impact of shares issued in 2015. Comparisons between third quarter of 2015 and 2014 earnings per share are detailed on slides 6, 7 and 8. For the first six months of this year we experienced virtually no temperature normalized retail sales growth. We are pleased that the third quarter brought an estimated $0.06 per share increase in earnings resulting from higher temperature normalized sales. Some of the growth experience in the third quarter of 2015 for residential and commercial is due to an earlier fall grain harvest in 2015 when compared to 2014. Of the retail sectors industrial continues to be the largest sales growth driver year-over-year. Quarter-over-quarter we have recognize in earnings increased of $0.05 per share from higher sales due to temperatures since the third quarter of 2014 had approximately 20% fewer cooling degree days compared to normal. However, the first three quarters 2015 temperatures were close to normal. Year to date non-GAAP earnings are tracking in line with the 2015 earnings guidance range comparing non-GAAP earnings from continuing operations for the first nine months of 2015…

Thank you, Mr. Hanson. [Operator Instructions] And we will take our first question from Andrew Weisel with Macquarie Capital.

Good morning guys. First question is on the [four set] charged for voluntary employee separation. What does that impact on? How is that going to impact OEMs going forward?

That will be a reduction to ONM on going forward and that's reflected in our forecast in terms of 2016 guidance.

And what is the forecast for ONM next year?

We are assuming that it will be about a 2% increase now recognizing that this excludes the normal energy efficiency cost as well as any of the regulatory amortization that flow through ONM as well.

Got it. Next a couple of questions on riverside, first in terms of the CapEx you laid out. I see that you lowered it for next year spending by that 95 million can you give little more detail on that. Is that assuming a little bit of a delay when the construction begins?

No not at all. Now that we are getting bids from the contractors, this is the timing of the bids, the cash flow that they are laying out while we changed the not only did we change the total number but we changed the timing of the payments.

Okay. The total number if I heard you correctly was only down about 20 million is that right?

No, it's down, if it goes from mid-point to mid-point it's down 50 million, 50.

Okay. Then next question I have is with the potential for PTA instead of riverside, if riverside were to be either delayed or canceled could you talk about how you might be able to back fill some of that spending in terms of what might go in and how soon you will be able to show those results?

Yes, Andrew it's a little preliminary first to give a backup for capital for riverside right now. It would be honest to tell you though for 2016 it would be tough to fill the capital that we have laid out in 2016, but we’ll discuss as we get further down the year in 2016 what the back fill could possibly be.

Okay. Thank you very much. I’ll let other people ask questions.

And we will take our next question from Brian Russo with Ladenburg Development.

Good morning.

Good morning Brian.

Just in terms of the 2016 guidance what kind of earned ROE are you seeing at IPL and WP&L maybe at the mid-point?

We are assuming that we would earn our authorized returns in both jurisdiction.

Okay. So what gets you to the high end of the range?

The high end sales are higher than we expect. We currently expect 1% increase in sales but if they come in higher it would definitely bring us to the high end of the range.

Okay and then as you we looked into 2017 Marshalltown will be added base rates and I believe correct me if I am wrong but that’s the allowed ROEs of 11.4%. So I would imagine that your earned ROE in 2017 will be enhanced relative to the earned ROE assumption in 2016. Is that the way to look at it?

Brian so the allowed ROE for Marshalltown is 11%, 11.0.

Okay.

But as we go through internal and final rates you will see our earned returns increase at Iowa.

Okay great. Thank you very much.

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

With no more questions this concludes our call. A replay will be available through November 13, 2015 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 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 question.

And ladies and gentlemen that does conclude today's conference. Thank you for your participation.