Shares available for issuance under the 2020 OIP, Shareowner Direct Plan and 401(k) Savings Plan (in shares)

[Table of Contents](#i0c857804d60248b2bbe1d8282b20bbb1_7)NOTE 7. COMMON EQUITYCommon Share Activity - A summary of Alliant Energy’s common stock activity was as follows:

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | 2021 |  | 2020 |  | 2019 |
| Shares outstanding, January 1 | 249,868,415  |  |  | 245,022,800  |  |  | 236,063,279  |  |
| Equity forward agreements | —  |  |  | 4,275,127  |  |  | 8,358,973  |  |
|  |  |  |  |  |  |
| Shareowner Direct Plan | 492,565  |  |  | 472,283  |  |  | 501,808  |  |
| Equity-based compensation plans | 113,549  |  |  | 98,205  |  |  | 101,478  |  |
| Other | —  |  |  | —  |  |  | (2,738) |  |
| Shares outstanding, December 31 | 250,474,529  |  |  | 249,868,415  |  |  | 245,022,800  |  |

  
At December 31, 2021, Alliant Energy had a total of 14 million shares available for issuance in the aggregate, pursuant to its 2020 OIP, Shareowner Direct Plan and 401(k) Savings Plan.  
Equity Forward Agreements - In 2018, Alliant Energy entered into forward sale agreements with various counterparties in connection with a public offering of 8,358,973 shares of Alliant Energy common stock. In 2019, Alliant Energy settled $366 million under the forward sale agreements by delivering 8,358,973 shares of newly issued Alliant Energy common stock at a weighted average forward sale price of $43.75 per share. Alliant Energy used the net proceeds from the settlements for general corporate purposes.  
In 2019, Alliant Energy entered into forward sale agreements with a counterparty in connection with a public offering of 4,275,127 shares of Alliant Energy common stock. In 2020, Alliant Energy settled $222 million under the forward sale agreements by delivering 4,275,127 shares of newly issued Alliant Energy common stock at a weighted average forward sale price of $51.98 per share. Alliant Energy used the net proceeds from the settlements for general corporate purposes.  
Shareowner Direct Plan - Alliant Energy satisfies its requirements under the Shareowner Direct Plan (dividend reinvestment and stock purchase plan) by acquiring Alliant Energy common stock through original issue, rather than on the open market.  
NOTE 8. PREFERRED STOCKIPL is authorized to issue up to 16,000,000 shares of cumulative preferred stock in aggregate. Information related to IPL’s cumulative preferred stock at December 31, 2020 was as follows (dollars in millions):

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Series |  | Liquidation Preference/Stated Value |  | Shares Authorized |  | Shares Outstanding |  |  |  | Carrying Value |
|  |  |  |  |  |  |  |  |  |  |  |
| 5.1% |  | $25 |  | 8,000,000 |  | 8,000,000 |  |  |  | $200 |

  
In December 2021, IPL redeemed all 8,000,000 outstanding shares of its 5.1% cumulative preferred stock at the $25 per share par value for $200 million plus accrued and unpaid dividends up to the redemption date. In 2021, Alliant Energy and IPL recorded a $5 million non-cash charge related to this transaction in “Preferred dividend requirements” in their income statements.  
NOTE 9. DEBTNOTE 9(a) Short-term Debt - Alliant Energy and its subsidiaries maintain committed bank lines of credit to provide short-term borrowing flexibility and back-stop liquidity for commercial paper outstanding. At December 31, 2021, the short-term borrowing capacity under a single credit facility agreement, which expires in December 2026, totaled $1 billion ($450 million for Alliant Energy at the parent company level, $250 million for IPL and $300 million for WPL). Subject to certain conditions, Alliant Energy (at the parent company level), IPL and WPL may each reallocate and change its sublimit up to $500 million, $400 million and $500 million, respectively, within the $1 billion total commitment. Information regarding Alliant Energy’s, IPL’s and WPL’s commercial paper, and Alliant Energy’s and WPL’s borrowings under the single credit facility, classified as short-term debt was as follows (dollars in millions):

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Alliant Energy |  | IPL |  | WPL |
| December 31 | 2021 |  | 2020 |  | 2021 |  | 2020 |  | 2021 |  | 2020 |
| Amount outstanding | $515 |  | $389 |  | $— |  | $— |  | $236 |  | $257 |
| Weighted average interest rates | 0.2% |  | 0.2% |  | N/A |  | N/A |  | 0.2% |  | 0.1% |
| Available credit facility capacity | $485 |  | $611 |  | $250 |  | $250 |  | $64 |  | $43 |



|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Alliant Energy |  | IPL |  | WPL |
| For the year ended | 2021 |  | 2020 |  | 2021 |  | 2020 |  | 2021 |  | 2020 |
| Maximum amount outstanding (based on daily outstanding balances) | $648 |  | $495 |  | $19 |  | $8 |  | $320 |  | $266 |
| Average amount outstanding (based on daily outstanding balances) | $459 |  | $292 |  | $— |  | $— |  | $172 |  | $117 |
| Weighted average interest rates | 0.2% |  | 0.7% |  | 0.2% |  | 0.5% |  | 0.1% |  | 0.7% |

  


|  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |
|  | 71 |  |


