Proposed Morgan Valley Energy Center south of Highway 30 still in first-step review stage. by Kaylee Wynne Mon, March 23, 2026 at 10:32 PM CEDAR RAPIDS, Iowa - Representatives from Alliant Energy and the Iowa Utilities Commission met with residents to discuss a proposed power plant in rural Linn County, drawing strong reactions from community members. The proposed Morgan Valley Energy Center would be located south of Highway 30 near Linn-Benton Road. Officials said the meeting marked an early step in the process, with no final decisions made. "Tonight is just the first step," said Joshua Byrnes of the Iowa Utilities Commission. Residents who attended the meeting raised concerns about potential impacts, including safety risks, increased traffic, environmental effects, and noise and light pollution. Some also questioned how the project would be studied and monitored moving forward. "You talk about all the things you're concerned about. What about the residents? What about the people?" one resident said. Others said they want more transparency about existing environmental data and future oversight. The project remains in the early planning stages and must go through multiple levels of approval, including review by the Iowa Utilities Commission and local regulations. Alliant Energy officials said they plan to continue engaging with the public as the proposal develops. You can file an objection, letter of support or provide a comment using the Iowa Utilities Open Docket Comment Form.

Gibson Dunn advised a group of sales agents and forward purchasers on an at-the-market offering of up to $1 billion of common stock of Alliant Energy Corporation, a public utility holding company that provides regulated electric and natural gas service to customers in the Midwest.

Alliant Energy enters $1 billion common stock distribution agreement. Published 03/19/2026, 06:04 PM Alliant Energy Corporation (NASDAQ:LNT) announced Thursday that it has entered into a distribution agreement with several financial institutions, allowing the company to offer and sell up to $1 billion of its common stock. The timing of this offering comes as the utility company, with a market capitalization of $18.3 billion, trades at $71.32 - near its 52-week high of $73.41. According to InvestingPro analysis, the stock currently appears overvalued relative to its Fair Value estimate. The agreement was executed with Barclays Capital Inc., BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, KeyBanc Capital Markets Inc., Mizuho Securities USA LLC, MUFG Securities Americas Inc., TD Securities (USA) LLC, and Wells Fargo Securities, LLC, acting as agents, as well as a group of forward purchasers. Under the terms of the agreement, Alliant Energy may sell shares from time to time through these agents on the Nasdaq Global Select Market, either at prevailing market prices, in block transactions, or as otherwise agreed. The company may also enter into forward sale agreements, whereby forward purchasers may borrow and sell shares to hedge the forward transactions. Proceeds from any sales of shares will be used for general corporate purposes, which may include the repayment, refinancing, repurchase or redemption of debt, working capital, construction and acquisition expenditures, and investments, according to the company's statement. The company will not initially receive proceeds from the sale of borrowed shares by the agents acting as forward sellers. Instead, Alliant Energy expects to receive proceeds upon the physical settlement of the forward sale agreements at dates specified by the company and the relevant forward purchaser. The shares will be issued under Alliant Energy's existing shelf registration statement on Form S-3, with a prospectus supplement filed Thursday with the Securities and Exchange Commission. The agents and their affiliates have previously provided, and may continue to provide, financial and non-financial services to Alliant Energy, including acting as lenders under the company's revolving credit facility. This information is based on a statement included in the company's filing with the Securities and Exchange Commission. In other recent news, Alliant Energy has entered into a $400 million term loan agreement with U.S. Bank National Association, which may be used for general corporate purposes, including working capital and refinancing existing debt. The facility is set to mature on March 1, 2027, and includes an option for an additional $100 million, although lenders are not obligated to provide these funds. In analyst updates, RBC Capital initiated coverage on Alliant Energy with an Outperform rating, citing the company's earnings per share growth rate as a key factor. Wolfe Research also raised its price target for Alliant Energy to $78, maintaining an Outperform rating based on the company's reaffirmed 2026 guidance and expected growth rate for 2027-2029. Mizuho adjusted its price target to $73, keeping a Neutral rating, following Alliant Energy's reported 2025 earnings per share of $3.22, slightly above analyst estimates. The earnings were supported by higher revenue requirements from an expanding rate base and favorable weather conditions. Meanwhile, Logistec announced the acquisition of Logistics Park Dubuque, a marine terminal in East Dubuque, Illinois, which operates on the Upper Mississippi River and serves various sectors including agriculture and steel. Should you be buying LNT right now? ProPicks AI evaluates LNT alongside thousands of other companies every month using 100+ financial metrics. Using powerful AI to generate exciting stock ideas, it looks beyond popularity to assess fundamentals, momentum, and valuation. The AI has no bias - it simply identifies which stocks offer the best risk-reward based on current data with notable past winners that include Super Micro Computer (+185%) and AppLovin (+157%). Want to know if LNT is currently featured in any ProPicks AI strategies, or if there are better opportunities in the same space?