Interstate Power and Light Co, founded in 1917 and based in Cedar Rapids, Iowa, is a wholly owned subsidiary of Alliant Energy Corporation, focusing on providing electric and natural gas services to customers in Iowa and Wisconsin. The company's primary offerings include regulated electric utility services and natural gas distribution, serving millions of residential and commercial clients across its service territories.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Interstate Power and Light Co has been an active player in the bond market, first issuing bonds in the late 20th century to support its expansive utility operations. Notably, the company issued $400 million in senior unsecured notes in 2021, intended for financing capital expenditures and refinancing existing debt. As of October 2023, the current yield on their bonds is competitive within the industry, reflecting strong investor confidence, while certain issuances feature green bonds that finance sustainability initiatives. Recent developments include their commitment to transition to clean energy, aligning bond financing with environmental goals.