Receipt of construction deposits

[Table of Contents](#i0c857804d60248b2bbe1d8282b20bbb1_7)

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| 2020 | Electric |  | Gas |  | Other |  | Total |
| Revenues | $1,225  |  |  | $165  |  |  | $5  |  |  | $1,395  |  |
| Depreciation and amortization | 235  |  |  | 19  |  |  | —  |  |  | 254  |  |
| Operating income (loss) | 285  |  |  | 24  |  |  | (3) |  |  | 306  |  |
| Interest expense |  |  |  |  |  |  | 104  |  |
|  |  |  |  |  |  |  |  |
| Income tax benefit |  |  |  |  |  |  | (19) |  |
| Net income |  |  |  |  |  |  | 249  |  |
| Total assets | 5,840  |  |  | 647  |  |  | 425  |  |  | 6,912  |  |
|  |  |  |  |  |  |  |  |
| Construction and acquisition expenditures | 483  |  |  | 123  |  |  | —  |  |  | 606  |  |



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| 2019 | Electric |  | Gas |  | Other |  | Total |
| Revenues | $1,283  |  |  | $191  |  |  | $2  |  |  | $1,476  |  |
| Depreciation and amortization | 218  |  |  | 18  |  |  | —  |  |  | 236  |  |
| Operating income (loss) | 319  |  |  | 31  |  |  | (3) |  |  | 347  |  |
| Interest expense |  |  |  |  |  |  | 102  |  |
|  |  |  |  |  |  |  |  |
| Income taxes |  |  |  |  |  |  | 49  |  |
| Net income |  |  |  |  |  |  | 233  |  |
| Total assets | 5,584  |  |  | 535  |  |  | 388  |  |  | 6,507  |  |
|  |  |  |  |  |  |  |  |
| Construction and acquisition expenditures | 475  |  |  | 44  |  |  | —  |  |  | 519  |  |

  
NOTE 19. RELATED PARTIESService Agreements - Pursuant to service agreements, IPL and WPL receive various administrative and general services from an affiliate, Corporate Services. These services are billed to IPL and WPL at cost based on expenses incurred by Corporate Services for the benefit of IPL and WPL, respectively. These costs consisted primarily of employee compensation and benefits, fees associated with various professional services, depreciation and amortization of property, plant and equipment, and a return on net assets. Corporate Services also acts as agent on behalf of IPL and WPL pursuant to the service agreements. As agent, Corporate Services enters into energy, capacity, ancillary services, and transmission sale and purchase transactions within MISO. Corporate Services assigns such sales and purchases among IPL and WPL based on statements received from MISO. The amounts billed for services provided, sales credited and purchases were as follows (in millions):

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|  | IPL |  | WPL |
|  | 2021 |  | 2020 |  | 2019 |  | 2021 |  | 2020 |  | 2019 |
| Corporate Services billings | $180 |  | $176 |  | $185 |  | $154 |  | $142 |  | $142 |
| Sales credited | 22 |  | 35 |  | 68 |  | 23 |  | 3 |  | 7 |
| Purchases billed | 441 |  | 329 |  | 331 |  | 116 |  | 108 |  | 120 |

  
As of December 31, net intercompany payables to Corporate Services were as follows (in millions):

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| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |
|  | 2021 |  | 2020 |
| IPL | $110 |  | $110 |
| WPL | 83 |  | 73 |

  
ATC - Pursuant to various agreements, WPL receives a range of transmission services from ATC. WPL provides operation, maintenance, and construction services to ATC. WPL and ATC also bill each other for use of shared facilities owned by each party. The related amounts billed between the parties were as follows (in millions):

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|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | 2021 |  | 2020 |  | 2019 |
| ATC billings to WPL | $122 |  | $108 |  | $109 |
| WPL billings to ATC | 18 |  | 10 |  | 13 |

  
As of December 31, 2021 and 2020, WPL owed ATC net amounts of $10 million and $9 million, respectively.  
In 2020, WPL received $46 million from ATC related to construction deposits WPL previously provided ATC for transmission network upgrades for West Riverside, which is substantially recorded in “Other” in Alliant Energy’s and WPL’s cash flows from investing activities.  
WPL’s Sheboygan Falls Energy Facility Lease - Refer to [Note 10](#i0c857804d60248b2bbe1d8282b20bbb1_292) for discussion of WPL’s Sheboygan Falls Energy Facility lease.  
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE  
None.

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