Alliant Energy announces workforce reduction

MADISON, Wis., May 24, 2005 (PRNewswire-FirstCall) – Alliant Energy Corp. announced it will begin a process to reduce the number of employees in corporate and operations support positions. Although a final impact will not be known until the process is completed, the company expects that approximately 200 positions will be eliminated.

Employees currently serving in those positions will be offered a severance package, including cash payouts based on years of service and tuition reimbursement or outplacement assistance.

“The decision to proceed with this reduction is difficult but necessary to ensure we are meeting the needs and expectations of our customers and shareowners,” said President and Chief Operating Officer Bill Harvey. “As our business has changed, we need to re-align our workforce to better reflect our core business focus. To make our utilities successful, we need to eliminate work that is not essential to delivering safe and reliable energy for our customers.”

Harvey said that the positions to be eliminated in this process primarily will be in the corporate area or provide support to operating functions, rather than those positions directly responsible for operations activities. This effort is part of the company’s ongoing effort to align resources to keep costs as low as possible for customers.

“As we continue to build to meet our customers’ growing energy needs, customers have told us to do all we can to keep our costs low and our operations efficient,” he said.

The company expects position eliminations will be determined before July 8.

About Alliant Energy [ www.alliantenergy.com ]

Alliant Energy Corporation is an energy-services provider with subsidiaries serving more than three million customers. Providing its customers in the Midwest with regulated electricity and natural gas service remains the company’s primary focus. Alliant Energy’s domestic utility subsidiaries, Interstate Power and Light and Wisconsin Power and Light, serve 982,000 electric and 416,000 natural gas customers. Other business platforms include the international energy market and non-regulated domestic generation. Alliant Energy, headquartered in Madison, Wis., is a Fortune 1000 company traded on the New York Stock Exchange under the symbol LNT.

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