Interstate Power and Light announces winning renewable bid

CEDAR RAPIDS, Iowa, May 6, 2002 — Alliant Energy Interstate Power and Light announced Monday that Clipper Windpower Inc. was selected to provide the utility with 150,000 MwH of new wind energy as part of the company’s Power Iowa program.

The additional energy could provide power for 20,000 homes per year in Iowa.

Clipper Windpower’s bid to build 29 new wind generators outside of Spirit Lake was selected after an exhaustive review of other bids that were submitted as part of a Request for Proposal (RFP). Interstate Power and Light expects the wind energy to be online by 2003, and says it will further bolster Iowa’s standing as a leader in developing renewable energy sources.

“After a careful review of the bids, we concluded that Clipper Windpower offered our customers a deal that we couldn’t refuse,” said Eliot Protsch, President Interstate Power and Light. “We look forward to working with them to finalize this project and get their wind generators built.”

Alliant Energy customers already utilize approximately 5% of all the wind energy generated in the United States added Protsch. “The new wind energy being purchased will further increase that amount,” he said. “The additional wind energy only further strengthens our commitment to renewable energy in Iowa. We will continue searching for opportunities to enhance the role renewable energy plays in our company’s generation portfolio.”

Protsch also indicated the company is considering the selection of a second bid for renewable energy as part of the Power Iowa plan. “It became apparent when we were reviewing bids for our Request for Proposal (RFP) that we should consider purchasing an additional 150,000 MwH of wind energy,” he said. “Right now, the prices are low and it’s a good time to purchase wind energy for our customers.”

The company will make a decision in the next several weeks whether it will award a second contract for the additional wind energy.

Power Iowa is Alliant Energy’s comprehensive energy plan to ensure a reliable energy supply for its Iowa customers. The $1 billion investment plan focuses on a portfolio approach to meeting Iowa’s energy needs by utilizing natural gas, coal, and renewable energy sources, as well as improving energy efficiency practices and upgrading the state’s transmission network.

Alliant Energy Corp., headquartered in Madison, Wis., is a growing energy-services provider with operations both domestically and internationally. Alliant Energy, through its subsidiaries and partners, provides electric, natural gas, water and steam services to over three million customers worldwide.

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