| Defined Benefit Plan Disclosure [Line Items] | Period [Axis] |
|---|
2016-01-01 - 2016-12-31 |
|---|
| Legal Entity [Axis] |
| Entity [Domain] |
Award Type [Axis] | | Award Type [Domain] |
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Axis] | | Defined Benefit Plans and Other Postretirement Benefit Plans [Domain] |
Assumptions Used To Measure Benefit Plans | The assumptions for defined benefit pension and OPEB plans at the measurement date of December 31 were as follows: | | | | | | | | | | | | | | | | | | | | | | | Defined Benefit Pension Plans | | OPEB Plans | Alliant Energy | 2016 | | 2015 | | 2014 | | 2016 | | 2015 | | 2014 | Discount rate for benefit obligations | 4.19% | | 4.47% | | 4.18% | | 3.98% | | 4.30% | | 3.97% | Discount rate for net periodic cost | 4.47% | | 4.18% | | 4.97% | | 4.30% | | 3.97% | | 4.59% | Expected rate of return on plan assets | 7.60% | | 7.60% | | 7.60% | | 6.30% | | 6.20% | | 7.40% | Rate of compensation increase | 3.65 | % | - | 4.50% | | 3.65 | % | - | 4.50% | | 3.50 | % | - | 4.50% | | N/A | | N/A | | N/A | Medical cost trend on covered charges: | | | | | | | | | | | | | | | | | | Initial trend rate (end of year) | N/A | | N/A | | N/A | | 7.00% | | 7.25% | | 6.75% | Ultimate trend rate | N/A | | N/A | | N/A | | 5.00% | | 5.00% | | 5.00% |
| | | | | | | | | | | | | | Qualified Defined Benefit Pension Plan | | OPEB Plans | IPL | 2016 | | 2015 | | 2014 | | 2016 | | 2015 | | 2014 | Discount rate for benefit obligations | 4.22% | | 4.50% | | 4.20% | | 3.95% | | 4.28% | | 3.94% | Discount rate for net periodic cost | 4.50% | | 4.20% | | 5.05% | | 4.28% | | 3.94% | | 4.55% | Expected rate of return on plan assets | 7.60% | | 7.60% | | 7.60% | | 6.60% | | 6.60% | | 7.60% | Rate of compensation increase | 3.65% | | 3.65% | | 3.50% | | N/A | | N/A | | N/A | Medical cost trend on covered charges: | | | | | | | | | | | | Initial trend rate (end of year) | N/A | | N/A | | N/A | | 7.00% | | 7.25% | | 6.75% | Ultimate trend rate | N/A | | N/A | | N/A | | 5.00% | | 5.00% | | 5.00% |
| | | | | | | | | | | | | | Qualified Defined Benefit Pension Plan | | OPEB Plans | WPL | 2016 | | 2015 | | 2014 | | 2016 | | 2015 | | 2014 | Discount rate for benefit obligations | 4.23% | | 4.51% | | 4.20% | | 3.96% | | 4.28% | | 3.96% | Discount rate for net periodic cost | 4.51% | | 4.20% | | 5.05% | | 4.28% | | 3.96% | | 4.56% | Expected rate of return on plan assets | 7.60% | | 7.60% | | 7.60% | | 4.70% | | 4.60% | | 7.30% | Rate of compensation increase | 3.65% | | 3.65% | | 3.50% | | N/A | | N/A | | N/A | Medical cost trend on covered charges: | | | | | | | | | | | | Initial trend rate (end of year) | N/A | | N/A | | N/A | | 7.00% | | 7.25% | | 6.75% | Ultimate trend rate | N/A | | N/A | | N/A | | 5.00% | | 5.00% | | 5.00% |
| Net Periodic Benefit Costs (Credits) | The components of net periodic benefit costs (credits) for sponsored defined benefit pension and OPEB plans are included in the tables below (in millions). Net periodic benefit costs are primarily included in “Other operation and maintenance” in the income statements. | | | | | | | | | | | | | | | | | | | | | | | | | Alliant Energy | Defined Benefit Pension Plans | | OPEB Plans | 2016 | | 2015 | | 2014 | | 2016 | | 2015 | | 2014 | Service cost |
| $12.6 |
| |
| $15.9 |
| |
| $13.1 |
| |
| $5.3 |
| |
| $5.5 |
| |
| $5.2 |
| Interest cost | 53.0 |
| | 53.6 |
| | 54.1 |
| | 9.4 |
| | 9.1 |
| | 9.5 |
| Expected return on plan assets (a) | (65.5 | ) | | (75.0 | ) | | (74.9 | ) | | (6.1 | ) | | (8.4 | ) | | (8.3 | ) | Amortization of prior service cost (credit) (b) | (0.3 | ) | | (0.2 | ) | | — |
| | (4.1 | ) | | (11.3 | ) | | (11.9 | ) | Amortization of actuarial loss (c) | 37.4 |
| | 35.4 |
| | 19.5 |
| | 4.7 |
| | 4.8 |
| | 2.4 |
| Additional benefit costs | — |
| | 0.5 |
| | — |
| | — |
| | — |
| | — |
| |
| $37.2 |
| |
| $30.2 |
| |
| $11.8 |
| |
| $9.2 |
| |
| ($0.3 | ) | |
| ($3.1 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | IPL | Defined Benefit Pension Plans | | OPEB Plans | 2016 | | 2015 | | 2014 | | 2016 | | 2015 | | 2014 | Service cost |
| $7.5 |
| |
| $8.8 |
| |
| $7.2 |
| |
| $2.3 |
| |
| $2.4 |
| |
| $2.4 |
| Interest cost | 24.5 |
| | 25.0 |
| | 25.1 |
| | 3.8 |
| | 3.8 |
| | 3.9 |
| Expected return on plan assets (a) | (30.9 | ) | | (35.8 | ) | | (35.7 | ) | | (4.3 | ) | | (5.7 | ) | | (5.8 | ) | Amortization of prior service cost (credit) (b) | (0.2 | ) | | (0.1 | ) | | — |
| | (2.6 | ) | | (6.1 | ) | | (6.3 | ) | Amortization of actuarial loss (c) | 16.5 |
| | 15.3 |
| | 8.0 |
| | 2.6 |
| | 2.3 |
| | 1.1 |
| |
| $17.4 |
| |
| $13.2 |
| |
| $4.6 |
| |
| $1.8 |
| |
| ($3.3 | ) | |
| ($4.7 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | WPL | Defined Benefit Pension Plans | | OPEB Plans | 2016 | | 2015 | | 2014 | | 2016 | | 2015 | | 2014 | Service cost |
| $4.9 |
| |
| $5.8 |
| |
| $4.9 |
| |
| $2.0 |
| |
| $2.1 |
| |
| $2.0 |
| Interest cost | 22.3 |
| | 22.6 |
| | 22.6 |
| | 3.8 |
| | 3.7 |
| | 3.8 |
| Expected return on plan assets (a) | (28.3 | ) | | (32.4 | ) | | (32.4 | ) | | (0.8 | ) | | (1.5 | ) | | (1.3 | ) | Amortization of prior service cost (credit) (b) | 0.2 |
| | 0.2 |
| | 0.3 |
| | (0.9 | ) | | (3.5 | ) | | (3.9 | ) | Amortization of actuarial loss (c) | 17.6 |
| | 16.8 |
| | 9.2 |
| | 1.8 |
| | 2.2 |
| | 1.3 |
| Additional benefit costs | — |
| | 0.5 |
| | — |
| | — |
| | — |
| | — |
| |
| $16.7 |
| |
| $13.5 |
| |
| $4.6 |
| |
| $5.9 |
| |
| $3.0 |
| |
| $1.9 |
|
| | (a) | The expected return on plan assets is based on the expected rate of return on plan assets and the fair value approach to the market-related value of plan assets. |
| | (b) | Unrecognized prior service costs (credits) for the OPEB plans are amortized over the average future service period to full eligibility of the participants of each plan. |
| | (c) | Unrecognized net actuarial gains or losses in excess of 10% of the greater of the plans’ benefit obligations or assets are amortized over the average future service lives of plan participants, except for the Alliant Energy Cash Balance Pension Plan where gains or losses outside the 10% threshold are amortized over the time period the participants are expected to receive benefits. |
| Estimated Amortization From Regulatory Assets, Regulatory Liabilities And Accumulated Other Comprehensive Loss Into Net Periodic Benefit Cost | The estimated amortization from “Regulatory assets” and “Regulatory liabilities” on the balance sheets and AOCL on Alliant Energy’s balance sheet into net periodic benefit cost in 2017 is as follows (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | Alliant Energy | | IPL | | WPL | | Defined Benefit | | | | Defined Benefit | | | | Defined Benefit | | | | Pension Plans | | OPEB Plans | | Pension Plans | | OPEB Plans | | Pension Plans | | OPEB Plans | Actuarial loss |
| $37.5 |
| |
| $3.8 |
| |
| $16.1 |
| |
| $2.0 |
| |
| $18.5 |
| |
| $1.6 |
| Prior service cost (credit) | (0.4 | ) | | (0.2 | ) | | (0.2 | ) | | — |
| | 0.1 |
| | (0.2 | ) | |
| $37.1 |
| |
| $3.6 |
| |
| $15.9 |
| |
| $2.0 |
| |
| $18.6 |
| |
| $1.4 |
|
| Funded Status Of Benefit Plans | A reconciliation of the funded status of Alliant Energy’s qualified and non-qualified defined benefit pension and OPEB plans to the amounts recognized on Alliant Energy’s balance sheets at December 31 was as follows (in millions): | | | | | | | | | | | | | | | | | | Defined Benefit | | | | Pension Plans | | OPEB Plans | Alliant Energy | 2016 | | 2015 | | 2016 | | 2015 | Change in benefit obligation: | | | | | | | | Net benefit obligation at January 1 |
| $1,206.3 |
| |
| $1,301.5 |
| |
| $221.4 |
| |
| $231.1 |
| Service cost | 12.6 |
| | 15.9 |
| | 5.3 |
| | 5.5 |
| Interest cost | 53.0 |
| | 53.6 |
| | 9.4 |
| | 9.1 |
| Plan participants’ contributions | — |
| | — |
| | 2.4 |
| | 3.1 |
| Plan amendments | — |
| | — |
| | — |
| | (0.3 | ) | Additional benefit costs | — |
| | 0.5 |
| | — |
| | — |
| Actuarial (gain) loss | 48.3 |
| | (70.1 | ) | | (0.3 | ) | | (9.4 | ) | Gross benefits paid | (75.9 | ) | | (95.1 | ) | | (18.1 | ) | | (17.7 | ) | Net benefit obligation at December 31 | 1,244.3 |
| | 1,206.3 |
| | 220.1 |
| | 221.4 |
| Change in plan assets: | | | | | | | | Fair value of plan assets at January 1 | 895.0 |
| | 1,018.1 |
| | 106.9 |
| | 121.6 |
| Actual return on plan assets | 74.3 |
| | (30.2 | ) | | 8.2 |
| | (4.9 | ) | Employer contributions | 2.3 |
| | 2.2 |
| | 6.4 |
| | 4.8 |
| Plan participants’ contributions | — |
| | — |
| | 2.4 |
| | 3.1 |
| Gross benefits paid | (75.9 | ) | | (95.1 | ) | | (18.1 | ) | | (17.7 | ) | Fair value of plan assets at December 31 | 895.7 |
| | 895.0 |
| | 105.8 |
| | 106.9 |
| Under funded status at December 31 |
| ($348.6 | ) | |
| ($311.3 | ) | |
| ($114.3 | ) | |
| ($114.5 | ) |
| | | | | | | | | | | | | | | | | | Defined Benefit | | | | Pension Plans | | OPEB Plans | Alliant Energy | 2016 | | 2015 | | 2016 | | 2015 | Amounts recognized on the balance sheets consist of: | | | | | | | | Non-current assets |
| $— |
| |
| $— |
| |
| $3.2 |
| |
| $3.0 |
| Other current liabilities | (6.5 | ) | | (2.6 | ) | | (8.6 | ) | | (6.2 | ) | Pension and other benefit obligations | (342.1 | ) | | (308.7 | ) | | (108.9 | ) | | (111.3 | ) | Net amounts recognized at December 31 |
| ($348.6 | ) | |
| ($311.3 | ) | |
| ($114.3 | ) | |
| ($114.5 | ) | | | | | | | | | Net actuarial loss |
| $535.1 |
| |
| $533.1 |
| |
| $52.6 |
| |
| $59.8 |
| Prior service credit | (6.9 | ) | | (7.2 | ) | | (1.5 | ) | | (5.6 | ) | |
| $528.2 |
| |
| $525.9 |
| |
| $51.1 |
| |
| $54.2 |
|
| Accumulated Benefit Obligations | Included in the following tables are accumulated benefit obligations, aggregate amounts applicable to defined benefit pension and OPEB plans with accumulated benefit obligations in excess of plan assets, as well as defined benefit pension plans with projected benefit obligations in excess of plan assets as of the December 31 measurement date (in millions): | | | | | | | | | | | | | | | | | | Defined Benefit | | | | Pension Plans | | OPEB Plans | Alliant Energy | 2016 | | 2015 | | 2016 | | 2015 | Accumulated benefit obligations |
| $1,201.5 |
| |
| $1,166.0 |
| |
| $220.1 |
| |
| $221.4 |
| Plans with accumulated benefit obligations in excess of plan assets: | | | | | | | | Accumulated benefit obligations | 1,201.5 |
| | 1,166.0 |
| | 220.1 |
| | 221.4 |
| Fair value of plan assets | 895.7 |
| | 895.0 |
| | 105.8 |
| | 106.9 |
| Plans with projected benefit obligations in excess of plan assets: | | | | | | | | Projected benefit obligations | 1,244.3 |
| | 1,206.3 |
| | N/A |
| | N/A |
| Fair value of plan assets | 895.7 |
| | 895.0 |
| | N/A |
| | N/A |
|
| | | | | | | | | | | | | | | | | | Defined Benefit | | | | Pension Plans | | OPEB Plans | IPL | 2016 | | 2015 | | 2016 | | 2015 | Accumulated benefit obligations |
| $546.7 |
| |
| $531.0 |
| |
| $90.1 |
| |
| $91.3 |
| Plans with accumulated benefit obligations in excess of plan assets: | | | | | | | | Accumulated benefit obligations | 546.7 |
| | 531.0 |
| | 90.1 |
| | 91.3 |
| Fair value of plan assets | 422.0 |
| | 422.7 |
| | 68.2 |
| | 69.2 |
| Plans with projected benefit obligations in excess of plan assets: | | | | | | | | Projected benefit obligations | 570.4 |
| | 556.1 |
| | N/A |
| | N/A |
| Fair value of plan assets | 422.0 |
| | 422.7 |
| | N/A |
| | N/A |
|
| | | | | | | | | | | | | | | | | | Defined Benefit | | | | Pension Plans | | OPEB Plans | WPL | 2016 | | 2015 | | 2016 | | 2015 | Accumulated benefit obligations |
| $513.2 |
| |
| $493.8 |
| |
| $88.9 |
| |
| $89.7 |
| Plans with accumulated benefit obligations in excess of plan assets: | | | | | | | | Accumulated benefit obligations | 513.2 |
| | 493.8 |
| | 88.9 |
| | 89.7 |
| Fair value of plan assets | 389.7 |
| | 386.8 |
| | 18.6 |
| | 18.7 |
| Plans with projected benefit obligations in excess of plan assets: | | | | | | | | Projected benefit obligations | 529.2 |
| | 505.9 |
| | N/A |
| | N/A |
| Fair value of plan assets | 389.7 |
| | 386.8 |
| | N/A |
| | N/A |
|
| Regulatory Assets | In addition to the amounts recognized in regulatory assets in the above tables for IPL and WPL, regulatory assets were recognized for amounts associated with Corporate Services employees participating in other Alliant Energy sponsored benefit plans that were allocated to IPL and WPL at December 31 as follows (in millions): | | | | | | | | | | | | | | | | | | IPL | | WPL | | 2016 | | 2015 | | 2016 | | 2015 | Regulatory assets |
| $37.3 |
| |
| $38.0 |
| |
| $30.0 |
| |
| $29.5 |
|
| Estimated Future Employer Contributions | Estimated funding for the qualified and non-qualified defined benefit pension and OPEB plans for 2017 is as follows (in millions): | | | | | | | | | | | | | | Alliant Energy | | IPL | | WPL | Defined benefit pension plans (a) |
| $6.5 |
| |
| $0.7 |
| |
| $0.1 |
| OPEB plans | 8.7 |
| | 2.0 |
| | 6.4 |
|
| | (a) | Alliant Energy sponsors several non-qualified defined benefit pension plans that cover certain current and former key employees of IPL and WPL. Alliant Energy allocates pension costs to IPL and WPL for these plans. In addition, IPL and WPL amounts reflect funding for their non-bargaining employees who are participants in the Alliant Energy and Corporate Services sponsored qualified and non-qualified defined benefit pension plans. |
| Expected Benefit Payments | Expected benefit payments for the qualified and non-qualified defined benefit plans, which reflect expected future service, as appropriate, are as follows (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | Alliant Energy | 2017 | | 2018 | | 2019 | | 2020 | | 2021 | | 2022 - 2026 | Defined benefit pension benefits |
| $74.8 |
| |
| $73.2 |
| |
| $75.5 |
| |
| $77.6 |
| |
| $79.9 |
| |
| $405.9 |
| OPEB | 18.6 |
| | 18.5 |
| | 18.2 |
| | 17.8 |
| | 17.6 |
| | 82.6 |
| |
| $93.4 |
| |
| $91.7 |
| |
| $93.7 |
| |
| $95.4 |
| |
| $97.5 |
| |
| $488.5 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | IPL | 2017 | | 2018 | | 2019 | | 2020 | | 2021 | | 2022 - 2026 | Defined benefit pension benefits |
| $34.0 |
| |
| $35.1 |
| |
| $35.0 |
| |
| $37.2 |
| |
| $37.9 |
| |
| $192.1 |
| OPEB | 7.7 |
| | 7.6 |
| | 7.4 |
| | 7.4 |
| | 7.2 |
| | 34.0 |
| |
| $41.7 |
| |
| $42.7 |
| |
| $42.4 |
| |
| $44.6 |
| |
| $45.1 |
| |
| $226.1 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | WPL | 2017 | | 2018 | | 2019 | | 2020 | | 2021 | | 2022 - 2026 | Defined benefit pension benefits |
| $30.2 |
| |
| $30.9 |
| |
| $31.8 |
| |
| $32.5 |
| |
| $32.4 |
| |
| $167.1 |
| OPEB | 8.0 |
| | 8.0 |
| | 7.8 |
| | 7.4 |
| | 7.3 |
| | 32.7 |
| |
| $38.2 |
| |
| $38.9 |
| |
| $39.6 |
| |
| $39.9 |
| |
| $39.7 |
| |
| $199.8 |
|
| Recognized Compensation Expense And Income Tax Benefits | A summary of compensation expense, including amounts allocated to IPL and WPL, and the related income tax benefits recognized for share-based compensation awards was as follows (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Alliant Energy | | IPL | | WPL | | 2016 | | 2015 | | 2014 | | 2016 | | 2015 | | 2014 | | 2016 | | 2015 | | 2014 | Compensation expense |
| $18.0 |
| |
| $10.7 |
| |
| $15.3 |
| |
| $9.5 |
| |
| $5.7 |
| |
| $8.3 |
| |
| $7.9 |
| |
| $4.7 |
| |
| $6.4 |
| Income tax benefits | 7.4 |
| | 4.4 |
| | 6.2 |
| | 4.0 |
| | 2.4 |
| | 3.4 |
| | 3.2 |
| | 1.9 |
| | 2.6 |
|
| Carrying Value And Fair Market Value Of The Deferred Compensation Obligations | At December 31, the carrying value of the deferred compensation obligation for the company stock accounts and the shares in the deferred compensation trust based on the historical value of the shares of Alliant Energy common stock contributed to the rabbi trust, and the fair market value of the shares held in the rabbi trust were as follows (in millions): | | | | | | | | | | 2016 | | 2015 | Carrying value |
| $10.0 |
| |
| $8.5 |
| Fair market value | 16.7 |
| | 13.4 |
|
| Carrying Value Of Entity's Deferred Compensation Obligations Interest And Equity Accounts | At December 31, the carrying value of deferred compensation obligations for participants’ interest and equity accounts, which approximates fair market value, was as follows (in millions): | | | | | | | | | | Alliant Energy | | IPL | | 2016 | | 2015 | | 2016 | | 2015 | Carrying value | $19.4 | | $18.3 | | $4.6 | | $5.0 |
| | Legal Entity [Axis] |
| Entity [Domain] |
Award Type [Axis] | | Award Type [Domain] |
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Axis] | | Pension Plans, Defined Benefit [Member] |
Fair Value Of Plan Assets By Asset Category, Fair Value Hierarchy Level and Allocations | At December 31, 2016, the current target ranges and actual allocations for the defined benefit pension plan assets were as follows: | | | | | | | | | Target Range | | Actual | | Allocation | | Allocation | Cash and equivalents | 0 | % | - | 5% | | 3% | Equity securities - domestic | 22 | % | - | 42% | | 30% | Equity securities - international | 8 | % | - | 28% | | 17% | Global asset allocation securities | 5 | % | - | 15% | | 10% | Risk parity allocation securities | 5 | % | - | 15% | | 10% | Fixed income securities | 20 | % | - | 40% | | 30% |
At December 31, the fair values of Alliant Energy’s qualified and non-qualified defined benefit pension plan assets were as follows (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2016 | | 2015 | | Fair | | Level | | Level | | Level | | Fair | | Level | | Level | | Level | | Value | | 1 | | 2 | | 3 | | Value | | 1 | | 2 | | 3 | Cash and equivalents |
| $30.4 |
| |
| $5.0 |
| |
| $25.4 |
| |
| $— |
| |
| $23.1 |
| |
| $— |
| |
| $23.1 |
| |
| $— |
| Equity securities - domestic | 183.6 |
| | 183.6 |
| | — |
| | — |
| | 116.4 |
| | 116.4 |
| | — |
| | — |
| Equity securities - international | 97.4 |
| | 97.4 |
| | — |
| | — |
| | 93.9 |
| | 93.9 |
| | — |
| | — |
| Global asset allocation securities | 53.0 |
| | 53.0 |
| | — |
| | — |
| | 52.9 |
| | 52.9 |
| | — |
| | — |
| Fixed income securities | 125.4 |
| | 53.6 |
| | 71.8 |
| | — |
| | — |
| | — |
| | — |
| | — |
| Total assets in fair value hierarchy | 489.8 |
| |
| $392.6 |
| |
| $97.2 |
| |
| $— |
| | 286.3 |
| |
| $263.2 |
| |
| $23.1 |
| |
| $— |
| Assets measured at net asset value | 405.9 |
| | | | | | | | 608.5 |
| | | | | | | Accrued investment income | 1.1 |
| | | | | | | | 0.2 |
| | | | | | | Due to brokers, net (pending trades with brokers) | (1.1 | ) | | | | | | | | — |
| | | | | | | Total pension plan assets |
| $895.7 |
| | | | | | | |
| $895.0 |
| | | | | | |
| | Legal Entity [Axis] |
| Entity [Domain] |
Award Type [Axis] | | Award Type [Domain] |
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Axis] | | Other Postretirement Benefits Plans [Member] |
Fair Value Of Plan Assets By Asset Category, Fair Value Hierarchy Level and Allocations | At December 31, the fair values of Alliant Energy’s OPEB plan assets were as follows (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2016 | | 2015 | | Fair | | Level | | Level | | Level | | Fair | | Level | | Level | | Level | | Value | | 1 | | 2 | | 3 | | Value | | 1 | | 2 | | 3 | Cash and equivalents |
| $3.5 |
| |
| $2.0 |
| |
| $1.5 |
| |
| $— |
| |
| $3.6 |
| |
| $— |
| |
| $3.6 |
| |
| $— |
| Equity securities - domestic | 22.5 |
| | 22.5 |
| | — |
| | — |
| | 22.1 |
| | 22.1 |
| | — |
| | — |
| Equity securities - international | 13.5 |
| | 13.5 |
| | — |
| | — |
| | 13.4 |
| | 13.4 |
| | — |
| | — |
| Global asset allocation securities | 16.5 |
| | 16.5 |
| | — |
| | — |
| | 16.0 |
| | 16.0 |
| | — |
| | — |
| Fixed income securities | 46.8 |
| | 46.2 |
| | 0.6 |
| | — |
| | 46.3 |
| | 46.3 |
| | — |
| | — |
| Total assets in fair value hierarchy | 102.8 |
| |
| $100.7 |
| |
| $2.1 |
| |
| $— |
| | 101.4 |
| |
| $97.8 |
| |
| $3.6 |
| |
| $— |
| Assets measured at net asset value | 3.0 |
| | | | | | | | 5.5 |
| | | | | | | Total OPEB plan assets |
| $105.8 |
| | | | | | | |
| $106.9 |
| | | | | | |
At December 31, 2016, the current target ranges and actual allocations for VEBA trusts with assets greater than $5 million and the WPL 401(h) assets were as follows: | | | | | | | | | Target Range | | Actual | | Allocation | | Allocation | Cash and equivalents | 0 | % | - | 15% | | 3% | Equity securities - domestic | 0 | % | - | 45% | | 22% | Equity securities - international | 0 | % | - | 21% | | 13% | Global asset allocation securities | 5 | % | - | 40% | | 16% | Fixed income securities | 10 | % | - | 70% | | 46% |
| | Legal Entity [Axis] |
| Entity [Domain] |
Award Type [Axis] | | Award Type [Domain] |
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Axis] | | 401(k) Savings Plan [Member] |
Employees Participate In Defined Contribution Retirement Plans | Costs related to the 401(k) savings plans, which are partially based on the participants’ contributions and include allocated costs associated with Corporate Services employees for IPL and WPL, were as follows (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Alliant Energy | | IPL | | WPL | | 2016 | | 2015 | | 2014 | | 2016 |
| | 2015 |
| | 2014 |
| | 2016 | | 2015 | | 2014 | 401(k) costs |
| $23.6 |
| |
| $24.9 |
| |
| $22.5 |
| |
| $12.0 |
| |
| $12.7 |
| |
| $11.1 |
| |
| $10.7 |
| |
| $11.2 |
| |
| $10.5 |
|
| | Legal Entity [Axis] |
| Entity [Domain] |
Award Type [Axis] | | Performance Shares and Performance Units [Member] |
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Axis] | | Defined Benefit Plans and Other Postretirement Benefit Plans [Domain] |
Schedule Of Equity-based Compensation Plans Activity | A summary of the performance shares and performance units activity, with amounts representing the target number of awards, was as follows: | | | | | | | | | | | | | | | | | | | | Performance Shares | | Performance Units | | 2016 | | 2015 | | 2014 | | 2016 | | 2015 | | 2014 | Nonvested awards, January 1 | 288,430 |
| | 288,848 |
| | 279,880 |
| | 116,412 |
| | 127,330 |
| | 131,824 |
| Granted | 68,585 |
| | 90,806 |
| | 102,442 |
| | 23,918 |
| | 35,674 |
| | 40,844 |
| Vested | (98,186 | ) | | (91,224 | ) | | (90,470 | ) | | (42,760 | ) | | (45,690 | ) | | (41,502 | ) | Forfeited | (1,230 | ) | | — |
| | (3,004 | ) | | (4,250 | ) | | (902 | ) | | (3,836 | ) | Nonvested awards, December 31 | 257,599 |
| | 288,430 |
| | 288,848 |
| | 93,320 |
| | 116,412 |
| | 127,330 |
|
Granted Awards - Each performance share’s value is based on the closing market price of one share of Alliant Energy’s common stock at the end of the performance period. For performance units granted in 2016, the value is based on the closing market price of one share of Alliant Energy’s common stock at the end of the performance period. For performance units granted in 2015 and 2014, each performance unit’s value is based on the closing market price of one share of Alliant Energy’s common stock on the grant date of the award. The actual payout for performance shares and performance units is dependent upon actual performance and may range from zero to 200% of the target number of awards. Compensation expense for performance shares and performance units is recorded ratably over the performance period based on the fair value of the awards at each reporting period.
Vested Awards - Certain performance shares and performance units vested, resulting in payouts (a combination of cash and common stock for the performance shares and cash only for the performance units) as follows: | | | | | | | | | | | | | | Performance Shares | | Performance Units | | 2016 | | 2015 | | 2014 | | 2016 | | 2015 | | 2014 | | 2013 Grant | | 2012 Grant | | 2011 Grant | | 2013 Grant | | 2012 Grant | | 2011 Grant | Performance awards vested | 98,186 | | 91,224 | | 90,470 | | 42,760 | | 45,690 | | 41,502 | Percentage of target number of performance awards | 165.0% | | 167.5% | | 147.5% | | 165.0% | | 167.5% | | 147.5% | Aggregate payout value (in millions) | $5.1 | | $5.1 | | $3.4 | | $1.7 | | $1.6 | | $1.2 | Payout - cash (in millions) | $2.9 | | $3.2 | | $2.9 | | $1.7 | | $1.6 | | $1.2 | Payout - common stock shares issued | 22,408 | | 21,950 | | 9,620 | | N/A | | N/A | | N/A |
Fair Value of Awards - Information related to fair values of nonvested performance shares and performance units at December 31, 2016, by year of grant, were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | Performance Shares | | Performance Units | | 2016 Grant | | 2015 Grant | | 2014 Grant | | 2016 Grant | | 2015 Grant | | 2014 Grant | Nonvested awards at target | 67,355 |
| | 90,806 |
| | 99,438 |
| | 22,657 |
| | 33,268 |
| | 37,395 |
| Alliant Energy common stock closing price on December 30, 2016 |
| $37.89 |
| |
| $37.89 |
| |
| $37.89 |
| |
| $37.89 |
| | N/A | | N/A | Alliant Energy common stock closing price on grant date | N/A | | N/A | | N/A | | N/A | |
| $32.55 |
| |
| $26.89 |
| Estimated payout percentage based on performance criteria | 135 | % | | 155 | % | | 148 | % | | 135 | % | | 155 | % | | 148 | % | Fair values of each nonvested award |
| $51.15 |
| |
| $58.73 |
| |
| $56.08 |
| |
| $51.15 |
| |
| $50.45 |
| |
| $39.80 |
|
| | Legal Entity [Axis] |
| Entity [Domain] |
Award Type [Axis] | | Performance-Contingent Restricted Stock [Member] |
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Axis] | | Defined Benefit Plans and Other Postretirement Benefit Plans [Domain] |
Schedule Of Equity-based Compensation Plans Activity | A summary of the performance-contingent restricted stock activity was as follows: | | | | | | | | | | | | | | | | | | | | | | | 2016 | | 2015 | | 2014 | | | | Weighted Average | | | | Weighted Average | | | | Weighted Average | | Shares | | Grant Date Fair Value | | Shares | | Grant Date Fair Value | | Shares | | Grant Date Fair Value | Nonvested shares, January 1 | 190,244 |
| |
| $29.59 |
| | 197,624 |
| |
| $25.35 |
| | 317,844 |
| |
| $21.36 |
| Granted | — |
| | — |
| | 90,806 |
| | 32.55 |
| | 102,442 |
| | 26.89 |
| Vested (a) | — |
| | — |
| | (98,186 | ) | | 23.79 |
| | (181,694 | ) | | 20.46 |
| Forfeited (b) | — |
| | — |
| | — |
| | — |
| | (40,968 | ) | | 19.93 |
| Nonvested shares, December 31 | 190,244 |
| | 29.59 |
| | 190,244 |
| | 29.59 |
| | 197,624 |
| | 25.35 |
|
| | (a) | In 2015, 98,186 performance-contingent restricted shares granted in 2013 vested because the specified performance criteria for such shares were met. In 2014, 91,224 and 90,470 performance-contingent restricted shares granted in 2012 and 2011, respectively, vested because the specified performance criteria for such shares were met. |
| | (b) | The forfeitures during 2014 were primarily caused by retirements and terminations of participants. |
| | Legal Entity [Axis] |
| Entity [Domain] |
Award Type [Axis] | | Performance Restricted Stock Unit [Member] |
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Axis] | | Defined Benefit Plans and Other Postretirement Benefit Plans [Domain] |
Schedule Of Equity-based Compensation Plans Activity | A summary of the performance restricted stock units activity, with amounts representing the target number of units, was as follows: | | | | | | | | | 2016 | | Units | | Weighted Average Grant Date Fair Value | Granted | 68,585 |
| |
| $33.96 |
| Forfeited | (1,230 | ) | | 33.90 |
| Nonvested units, December 31 | 67,355 |
| | 33.96 |
|
| | Legal Entity [Axis] |
| Entity [Domain] |
Award Type [Axis] | | Restricted Stock Units [Member] |
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Axis] | | Defined Benefit Plans and Other Postretirement Benefit Plans [Domain] |
Schedule Of Equity-based Compensation Plans Activity | A summary of the restricted stock units activity was as follows: | | | | | 2016 | Granted | 58,790 |
| Forfeited | (1,054 | ) | Nonvested units, December 31 | 57,736 |
|
| | Legal Entity [Axis] |
| Entity [Domain] |
Award Type [Axis] | | Performance Contingent Cash Awards [Member] |
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Axis] | | Defined Benefit Plans and Other Postretirement Benefit Plans [Domain] |
Schedule Of Equity-based Compensation Plans Activity | A summary of the performance-contingent cash awards activity was as follows: | | | | | | | | | | | 2016 | | 2015 | | 2014 | Nonvested awards, January 1 | 163,752 |
| | 157,860 |
| | 193,954 |
| Granted | — |
| | 82,210 |
| | 84,892 |
| Vested (a) | — |
| | (74,664 | ) | | (111,034 | ) | Forfeited | (3,652 | ) | | (1,654 | ) | | (9,952 | ) | Nonvested awards, December 31 | 160,100 |
| | 163,752 |
| | 157,860 |
|
| | (a) | In 2015, 74,664 performance-contingent cash awards granted in 2013 vested, resulting in cash payouts valued at $2.4 million. In 2014, 69,532 and 41,502 performance-contingent cash awards granted in 2012 and 2011 vested, resulting in cash payouts valued at $1.9 million and $1.1 million, respectively. |
| | Legal Entity [Axis] |
| IPL [Member] |
Award Type [Axis] | | Award Type [Domain] |
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Axis] | | Defined Benefit Plans and Other Postretirement Benefit Plans [Domain] |
Assumptions Used To Measure Benefit Plans | The assumptions for defined benefit pension and OPEB plans at the measurement date of December 31 were as follows: | | | | | | | | | | | | | | | | | | | | | | | Defined Benefit Pension Plans | | OPEB Plans | Alliant Energy | 2016 | | 2015 | | 2014 | | 2016 | | 2015 | | 2014 | Discount rate for benefit obligations | 4.19% | | 4.47% | | 4.18% | | 3.98% | | 4.30% | | 3.97% | Discount rate for net periodic cost | 4.47% | | 4.18% | | 4.97% | | 4.30% | | 3.97% | | 4.59% | Expected rate of return on plan assets | 7.60% | | 7.60% | | 7.60% | | 6.30% | | 6.20% | | 7.40% | Rate of compensation increase | 3.65 | % | - | 4.50% | | 3.65 | % | - | 4.50% | | 3.50 | % | - | 4.50% | | N/A | | N/A | | N/A | Medical cost trend on covered charges: | | | | | | | | | | | | | | | | | | Initial trend rate (end of year) | N/A | | N/A | | N/A | | 7.00% | | 7.25% | | 6.75% | Ultimate trend rate | N/A | | N/A | | N/A | | 5.00% | | 5.00% | | 5.00% |
| | | | | | | | | | | | | | Qualified Defined Benefit Pension Plan | | OPEB Plans | IPL | 2016 | | 2015 | | 2014 | | 2016 | | 2015 | | 2014 | Discount rate for benefit obligations | 4.22% | | 4.50% | | 4.20% | | 3.95% | | 4.28% | | 3.94% | Discount rate for net periodic cost | 4.50% | | 4.20% | | 5.05% | | 4.28% | | 3.94% | | 4.55% | Expected rate of return on plan assets | 7.60% | | 7.60% | | 7.60% | | 6.60% | | 6.60% | | 7.60% | Rate of compensation increase | 3.65% | | 3.65% | | 3.50% | | N/A | | N/A | | N/A | Medical cost trend on covered charges: | | | | | | | | | | | | Initial trend rate (end of year) | N/A | | N/A | | N/A | | 7.00% | | 7.25% | | 6.75% | Ultimate trend rate | N/A | | N/A | | N/A | | 5.00% | | 5.00% | | 5.00% |
| | | | | | | | | | | | | | Qualified Defined Benefit Pension Plan | | OPEB Plans | WPL | 2016 | | 2015 | | 2014 | | 2016 | | 2015 | | 2014 | Discount rate for benefit obligations | 4.23% | | 4.51% | | 4.20% | | 3.96% | | 4.28% | | 3.96% | Discount rate for net periodic cost | 4.51% | | 4.20% | | 5.05% | | 4.28% | | 3.96% | | 4.56% | Expected rate of return on plan assets | 7.60% | | 7.60% | | 7.60% | | 4.70% | | 4.60% | | 7.30% | Rate of compensation increase | 3.65% | | 3.65% | | 3.50% | | N/A | | N/A | | N/A | Medical cost trend on covered charges: | | | | | | | | | | | | Initial trend rate (end of year) | N/A | | N/A | | N/A | | 7.00% | | 7.25% | | 6.75% | Ultimate trend rate | N/A | | N/A | | N/A | | 5.00% | | 5.00% | | 5.00% |
| Net Periodic Benefit Costs (Credits) | The components of net periodic benefit costs (credits) for sponsored defined benefit pension and OPEB plans are included in the tables below (in millions). Net periodic benefit costs are primarily included in “Other operation and maintenance” in the income statements. | | | | | | | | | | | | | | | | | | | | | | | | | Alliant Energy | Defined Benefit Pension Plans | | OPEB Plans | 2016 | | 2015 | | 2014 | | 2016 | | 2015 | | 2014 | Service cost |
| $12.6 |
| |
| $15.9 |
| |
| $13.1 |
| |
| $5.3 |
| |
| $5.5 |
| |
| $5.2 |
| Interest cost | 53.0 |
| | 53.6 |
| | 54.1 |
| | 9.4 |
| | 9.1 |
| | 9.5 |
| Expected return on plan assets (a) | (65.5 | ) | | (75.0 | ) | | (74.9 | ) | | (6.1 | ) | | (8.4 | ) | | (8.3 | ) | Amortization of prior service cost (credit) (b) | (0.3 | ) | | (0.2 | ) | | — |
| | (4.1 | ) | | (11.3 | ) | | (11.9 | ) | Amortization of actuarial loss (c) | 37.4 |
| | 35.4 |
| | 19.5 |
| | 4.7 |
| | 4.8 |
| | 2.4 |
| Additional benefit costs | — |
| | 0.5 |
| | — |
| | — |
| | — |
| | — |
| |
| $37.2 |
| |
| $30.2 |
| |
| $11.8 |
| |
| $9.2 |
| |
| ($0.3 | ) | |
| ($3.1 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | IPL | Defined Benefit Pension Plans | | OPEB Plans | 2016 | | 2015 | | 2014 | | 2016 | | 2015 | | 2014 | Service cost |
| $7.5 |
| |
| $8.8 |
| |
| $7.2 |
| |
| $2.3 |
| |
| $2.4 |
| |
| $2.4 |
| Interest cost | 24.5 |
| | 25.0 |
| | 25.1 |
| | 3.8 |
| | 3.8 |
| | 3.9 |
| Expected return on plan assets (a) | (30.9 | ) | | (35.8 | ) | | (35.7 | ) | | (4.3 | ) | | (5.7 | ) | | (5.8 | ) | Amortization of prior service cost (credit) (b) | (0.2 | ) | | (0.1 | ) | | — |
| | (2.6 | ) | | (6.1 | ) | | (6.3 | ) | Amortization of actuarial loss (c) | 16.5 |
| | 15.3 |
| | 8.0 |
| | 2.6 |
| | 2.3 |
| | 1.1 |
| |
| $17.4 |
| |
| $13.2 |
| |
| $4.6 |
| |
| $1.8 |
| |
| ($3.3 | ) | |
| ($4.7 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | WPL | Defined Benefit Pension Plans | | OPEB Plans | 2016 | | 2015 | | 2014 | | 2016 | | 2015 | | 2014 | Service cost |
| $4.9 |
| |
| $5.8 |
| |
| $4.9 |
| |
| $2.0 |
| |
| $2.1 |
| |
| $2.0 |
| Interest cost | 22.3 |
| | 22.6 |
| | 22.6 |
| | 3.8 |
| | 3.7 |
| | 3.8 |
| Expected return on plan assets (a) | (28.3 | ) | | (32.4 | ) | | (32.4 | ) | | (0.8 | ) | | (1.5 | ) | | (1.3 | ) | Amortization of prior service cost (credit) (b) | 0.2 |
| | 0.2 |
| | 0.3 |
| | (0.9 | ) | | (3.5 | ) | | (3.9 | ) | Amortization of actuarial loss (c) | 17.6 |
| | 16.8 |
| | 9.2 |
| | 1.8 |
| | 2.2 |
| | 1.3 |
| Additional benefit costs | — |
| | 0.5 |
| | — |
| | — |
| | — |
| | — |
| |
| $16.7 |
| |
| $13.5 |
| |
| $4.6 |
| |
| $5.9 |
| |
| $3.0 |
| |
| $1.9 |
|
| | (a) | The expected return on plan assets is based on the expected rate of return on plan assets and the fair value approach to the market-related value of plan assets. |
| | (b) | Unrecognized prior service costs (credits) for the OPEB plans are amortized over the average future service period to full eligibility of the participants of each plan. |
| | (c) | Unrecognized net actuarial gains or losses in excess of 10% of the greater of the plans’ benefit obligations or assets are amortized over the average future service lives of plan participants, except for the Alliant Energy Cash Balance Pension Plan where gains or losses outside the 10% threshold are amortized over the time period the participants are expected to receive benefits. |
| Estimated Amortization From Regulatory Assets, Regulatory Liabilities And Accumulated Other Comprehensive Loss Into Net Periodic Benefit Cost | The estimated amortization from “Regulatory assets” and “Regulatory liabilities” on the balance sheets and AOCL on Alliant Energy’s balance sheet into net periodic benefit cost in 2017 is as follows (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | Alliant Energy | | IPL | | WPL | | Defined Benefit | | | | Defined Benefit | | | | Defined Benefit | | | | Pension Plans | | OPEB Plans | | Pension Plans | | OPEB Plans | | Pension Plans | | OPEB Plans | Actuarial loss |
| $37.5 |
| |
| $3.8 |
| |
| $16.1 |
| |
| $2.0 |
| |
| $18.5 |
| |
| $1.6 |
| Prior service cost (credit) | (0.4 | ) | | (0.2 | ) | | (0.2 | ) | | — |
| | 0.1 |
| | (0.2 | ) | |
| $37.1 |
| |
| $3.6 |
| |
| $15.9 |
| |
| $2.0 |
| |
| $18.6 |
| |
| $1.4 |
|
| Funded Status Of Benefit Plans | A reconciliation of the funded status of IPL’s qualified and non-qualified defined benefit pension and OPEB plans to the amounts recognized on IPL’s balance sheets at December 31 was as follows (in millions): | | | | | | | | | | | | | | | | | | Defined Benefit | | | | Pension Plans | | OPEB Plans | IPL | 2016 | | 2015 | | 2016 | | 2015 | Change in benefit obligation: | | | | | | | | Net benefit obligation at January 1 |
| $556.1 |
| |
| $603.1 |
| |
| $91.3 |
| |
| $96.4 |
| Service cost | 7.5 |
| | 8.8 |
| | 2.3 |
| | 2.4 |
| Interest cost | 24.5 |
| | 25.0 |
| | 3.8 |
| | 3.8 |
| Plan participants’ contributions | — |
| | — |
| | 0.9 |
| | 1.0 |
| Plan amendments | — |
| | — |
| | — |
| | (0.1 | ) | Actuarial (gain) loss | 19.1 |
| | (32.3 | ) | | (0.7 | ) | | (4.6 | ) | Gross benefits paid | (36.8 | ) | | (48.5 | ) | | (7.5 | ) | | (7.6 | ) | Net benefit obligation at December 31 | 570.4 |
| | 556.1 |
| | 90.1 |
| | 91.3 |
| Change in plan assets: | | | | | | | | Fair value of plan assets at January 1 | 422.7 |
| | 484.7 |
| | 69.2 |
| | 78.7 |
| Actual return on plan assets | 35.3 |
| | (14.3 | ) | | 5.3 |
| | (3.1 | ) | Employer contributions | 0.8 |
| | 0.8 |
| | 0.3 |
| | 0.2 |
| Plan participants’ contributions | — |
| | — |
| | 0.9 |
| | 1.0 |
| Gross benefits paid | (36.8 | ) | | (48.5 | ) | | (7.5 | ) | | (7.6 | ) | Fair value of plan assets at December 31 | 422.0 |
| | 422.7 |
| | 68.2 |
| | 69.2 |
| Under funded status at December 31 |
| ($148.4 | ) | |
| ($133.4 | ) | |
| ($21.9 | ) | |
| ($22.1 | ) |
| | | | | | | | | | | | | | | | | | Defined Benefit | | | | Pension Plans | | OPEB Plans | IPL | 2016 | | 2015 | | 2016 | | 2015 | Amounts recognized on the balance sheets consist of: | | | | | | | | Non-current assets |
| $— |
| |
| $— |
| |
| $0.4 |
| |
| $— |
| Other current liabilities | (0.7 | ) | | (0.8 | ) | | (1.9 | ) | | — |
| Pension and other benefit obligations | (147.7 | ) | | (132.6 | ) | | (20.4 | ) | | (22.1 | ) | Net amounts recognized at December 31 |
| ($148.4 | ) | |
| ($133.4 | ) | |
| ($21.9 | ) | |
| ($22.1 | ) | | | | | | | | | Net actuarial loss |
| $233.6 |
| |
| $235.5 |
| |
| $25.4 |
| |
| $29.8 |
| Prior service credit | (2.3 | ) | | (2.5 | ) | | — |
| | (2.7 | ) | |
| $231.3 |
| |
| $233.0 |
| |
| $25.4 |
| |
| $27.1 |
|
| Accumulated Benefit Obligations | Included in the following tables are accumulated benefit obligations, aggregate amounts applicable to defined benefit pension and OPEB plans with accumulated benefit obligations in excess of plan assets, as well as defined benefit pension plans with projected benefit obligations in excess of plan assets as of the December 31 measurement date (in millions): | | | | | | | | | | | | | | | | | | Defined Benefit | | | | Pension Plans | | OPEB Plans | Alliant Energy | 2016 | | 2015 | | 2016 | | 2015 | Accumulated benefit obligations |
| $1,201.5 |
| |
| $1,166.0 |
| |
| $220.1 |
| |
| $221.4 |
| Plans with accumulated benefit obligations in excess of plan assets: | | | | | | | | Accumulated benefit obligations | 1,201.5 |
| | 1,166.0 |
| | 220.1 |
| | 221.4 |
| Fair value of plan assets | 895.7 |
| | 895.0 |
| | 105.8 |
| | 106.9 |
| Plans with projected benefit obligations in excess of plan assets: | | | | | | | | Projected benefit obligations | 1,244.3 |
| | 1,206.3 |
| | N/A |
| | N/A |
| Fair value of plan assets | 895.7 |
| | 895.0 |
| | N/A |
| | N/A |
|
| | | | | | | | | | | | | | | | | | Defined Benefit | | | | Pension Plans | | OPEB Plans | IPL | 2016 | | 2015 | | 2016 | | 2015 | Accumulated benefit obligations |
| $546.7 |
| |
| $531.0 |
| |
| $90.1 |
| |
| $91.3 |
| Plans with accumulated benefit obligations in excess of plan assets: | | | | | | | | Accumulated benefit obligations | 546.7 |
| | 531.0 |
| | 90.1 |
| | 91.3 |
| Fair value of plan assets | 422.0 |
| | 422.7 |
| | 68.2 |
| | 69.2 |
| Plans with projected benefit obligations in excess of plan assets: | | | | | | | | Projected benefit obligations | 570.4 |
| | 556.1 |
| | N/A |
| | N/A |
| Fair value of plan assets | 422.0 |
| | 422.7 |
| | N/A |
| | N/A |
|
| | | | | | | | | | | | | | | | | | Defined Benefit | | | | Pension Plans | | OPEB Plans | WPL | 2016 | | 2015 | | 2016 | | 2015 | Accumulated benefit obligations |
| $513.2 |
| |
| $493.8 |
| |
| $88.9 |
| |
| $89.7 |
| Plans with accumulated benefit obligations in excess of plan assets: | | | | | | | | Accumulated benefit obligations | 513.2 |
| | 493.8 |
| | 88.9 |
| | 89.7 |
| Fair value of plan assets | 389.7 |
| | 386.8 |
| | 18.6 |
| | 18.7 |
| Plans with projected benefit obligations in excess of plan assets: | | | | | | | | Projected benefit obligations | 529.2 |
| | 505.9 |
| | N/A |
| | N/A |
| Fair value of plan assets | 389.7 |
| | 386.8 |
| | N/A |
| | N/A |
|
| Regulatory Assets | In addition to the amounts recognized in regulatory assets in the above tables for IPL and WPL, regulatory assets were recognized for amounts associated with Corporate Services employees participating in other Alliant Energy sponsored benefit plans that were allocated to IPL and WPL at December 31 as follows (in millions): | | | | | | | | | | | | | | | | | | IPL | | WPL | | 2016 | | 2015 | | 2016 | | 2015 | Regulatory assets |
| $37.3 |
| |
| $38.0 |
| |
| $30.0 |
| |
| $29.5 |
|
| Estimated Future Employer Contributions | Estimated funding for the qualified and non-qualified defined benefit pension and OPEB plans for 2017 is as follows (in millions): | | | | | | | | | | | | | | Alliant Energy | | IPL | | WPL | Defined benefit pension plans (a) |
| $6.5 |
| |
| $0.7 |
| |
| $0.1 |
| OPEB plans | 8.7 |
| | 2.0 |
| | 6.4 |
|
| | (a) | Alliant Energy sponsors several non-qualified defined benefit pension plans that cover certain current and former key employees of IPL and WPL. Alliant Energy allocates pension costs to IPL and WPL for these plans. In addition, IPL and WPL amounts reflect funding for their non-bargaining employees who are participants in the Alliant Energy and Corporate Services sponsored qualified and non-qualified defined benefit pension plans. |
| Expected Benefit Payments | Expected benefit payments for the qualified and non-qualified defined benefit plans, which reflect expected future service, as appropriate, are as follows (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | Alliant Energy | 2017 | | 2018 | | 2019 | | 2020 | | 2021 | | 2022 - 2026 | Defined benefit pension benefits |
| $74.8 |
| |
| $73.2 |
| |
| $75.5 |
| |
| $77.6 |
| |
| $79.9 |
| |
| $405.9 |
| OPEB | 18.6 |
| | 18.5 |
| | 18.2 |
| | 17.8 |
| | 17.6 |
| | 82.6 |
| |
| $93.4 |
| |
| $91.7 |
| |
| $93.7 |
| |
| $95.4 |
| |
| $97.5 |
| |
| $488.5 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | IPL | 2017 | | 2018 | | 2019 | | 2020 | | 2021 | | 2022 - 2026 | Defined benefit pension benefits |
| $34.0 |
| |
| $35.1 |
| |
| $35.0 |
| |
| $37.2 |
| |
| $37.9 |
| |
| $192.1 |
| OPEB | 7.7 |
| | 7.6 |
| | 7.4 |
| | 7.4 |
| | 7.2 |
| | 34.0 |
| |
| $41.7 |
| |
| $42.7 |
| |
| $42.4 |
| |
| $44.6 |
| |
| $45.1 |
| |
| $226.1 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | WPL | 2017 | | 2018 | | 2019 | | 2020 | | 2021 | | 2022 - 2026 | Defined benefit pension benefits |
| $30.2 |
| |
| $30.9 |
| |
| $31.8 |
| |
| $32.5 |
| |
| $32.4 |
| |
| $167.1 |
| OPEB | 8.0 |
| | 8.0 |
| | 7.8 |
| | 7.4 |
| | 7.3 |
| | 32.7 |
| |
| $38.2 |
| |
| $38.9 |
| |
| $39.6 |
| |
| $39.9 |
| |
| $39.7 |
| |
| $199.8 |
|
| Recognized Compensation Expense And Income Tax Benefits | A summary of compensation expense, including amounts allocated to IPL and WPL, and the related income tax benefits recognized for share-based compensation awards was as follows (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Alliant Energy | | IPL | | WPL | | 2016 | | 2015 | | 2014 | | 2016 | | 2015 | | 2014 | | 2016 | | 2015 | | 2014 | Compensation expense |
| $18.0 |
| |
| $10.7 |
| |
| $15.3 |
| |
| $9.5 |
| |
| $5.7 |
| |
| $8.3 |
| |
| $7.9 |
| |
| $4.7 |
| |
| $6.4 |
| Income tax benefits | 7.4 |
| | 4.4 |
| | 6.2 |
| | 4.0 |
| | 2.4 |
| | 3.4 |
| | 3.2 |
| | 1.9 |
| | 2.6 |
|
| Carrying Value Of Entity's Deferred Compensation Obligations Interest And Equity Accounts | At December 31, the carrying value of deferred compensation obligations for participants’ interest and equity accounts, which approximates fair market value, was as follows (in millions): | | | | | | | | | | Alliant Energy | | IPL | | 2016 | | 2015 | | 2016 | | 2015 | Carrying value | $19.4 | | $18.3 | | $4.6 | | $5.0 |
| | Legal Entity [Axis] |
| IPL [Member] |
Award Type [Axis] | | Award Type [Domain] |
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Axis] | | Pension Plans, Defined Benefit [Member] |
Fair Value Of Plan Assets By Asset Category, Fair Value Hierarchy Level and Allocations | At December 31, 2016, the current target ranges and actual allocations for the defined benefit pension plan assets were as follows: | | | | | | | | | Target Range | | Actual | | Allocation | | Allocation | Cash and equivalents | 0 | % | - | 5% | | 3% | Equity securities - domestic | 22 | % | - | 42% | | 30% | Equity securities - international | 8 | % | - | 28% | | 17% | Global asset allocation securities | 5 | % | - | 15% | | 10% | Risk parity allocation securities | 5 | % | - | 15% | | 10% | Fixed income securities | 20 | % | - | 40% | | 30% |
At December 31, the fair values of IPL’s qualified and non-qualified defined benefit pension plan assets were as follows (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2016 | | 2015 | | Fair | | Level | | Level | | Level | | Fair | | Level | | Level | | Level | | Value | | 1 | | 2 | | 3 | | Value | | 1 | | 2 | | 3 | Cash and equivalents |
| $14.4 |
| |
| $2.4 |
| |
| $12.0 |
| |
| $— |
| |
| $10.9 |
| |
| $— |
| |
| $10.9 |
| |
| $— |
| Equity securities - domestic | 86.5 |
| | 86.5 |
| | — |
| | — |
| | 54.9 |
| | 54.9 |
| | — |
| | — |
| Equity securities - international | 45.9 |
| | 45.9 |
| | — |
| | — |
| | 44.4 |
| | 44.4 |
| | — |
| | — |
| Global asset allocation securities | 24.9 |
| | 24.9 |
| | — |
| | — |
| | 25.0 |
| | 25.0 |
| | — |
| | — |
| Fixed income securities | 59.1 |
| | 25.3 |
| | 33.8 |
| | — |
| | — |
| | — |
| | — |
| | — |
| Total assets in fair value hierarchy | 230.8 |
| |
| $185.0 |
| |
| $45.8 |
| |
| $— |
| | 135.2 |
| |
| $124.3 |
| |
| $10.9 |
| |
| $— |
| Assets measured at net asset value | 191.2 |
| | | | | | | | 287.4 |
| | | | | | | Accrued investment income | 0.5 |
| | | | | | | | 0.1 |
| | | | | | | Due to brokers, net (pending trades with brokers) | (0.5 | ) | | | | | | | | — |
| | | | | | | Total pension plan assets |
| $422.0 |
| | | | | | | |
| $422.7 |
| | | | | | |
| | Legal Entity [Axis] |
| IPL [Member] |
Award Type [Axis] | | Award Type [Domain] |
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Axis] | | Other Postretirement Benefits Plans [Member] |
Fair Value Of Plan Assets By Asset Category, Fair Value Hierarchy Level and Allocations | At December 31, the fair values of IPL’s OPEB plan assets were as follows (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2016 | | 2015 | | Fair | | Level | | Level | | Level | | Fair | | Level | | Level | | Level | | Value | | 1 | | 2 | | 3 | | Value | | 1 | | 2 | | 3 | Cash and equivalents |
| $0.8 |
| |
| $0.8 |
| |
| $— |
| |
| $— |
| |
| $0.9 |
| |
| $— |
| |
| $0.9 |
| |
| $— |
| Equity securities - domestic | 17.0 |
| | 17.0 |
| | — |
| | — |
| | 16.7 |
| | 16.7 |
| | — |
| | — |
| Equity securities - international | 11.0 |
| | 11.0 |
| | — |
| | — |
| | 10.8 |
| | 10.8 |
| | — |
| | — |
| Global asset allocation securities | 7.0 |
| | 7.0 |
| | — |
| | — |
| | 6.9 |
| | 6.9 |
| | — |
| | — |
| Fixed income securities | 32.4 |
| | 32.4 |
| | — |
| | — |
| | 33.3 |
| | 33.3 |
| | — |
| | — |
| Total assets in fair value hierarchy | 68.2 |
| |
| $68.2 |
| |
| $— |
| |
| $— |
| | 68.6 |
| |
| $67.7 |
| |
| $0.9 |
| |
| $— |
| Assets measured at net asset value | — |
| | | | | | | | 0.6 |
| | | | | | | Total OPEB plan assets |
| $68.2 |
| | | | | | | |
| $69.2 |
| | | | | | |
At December 31, 2016, the current target ranges and actual allocations for VEBA trusts with assets greater than $5 million and the WPL 401(h) assets were as follows: | | | | | | | | | Target Range | | Actual | | Allocation | | Allocation | Cash and equivalents | 0 | % | - | 15% | | 3% | Equity securities - domestic | 0 | % | - | 45% | | 22% | Equity securities - international | 0 | % | - | 21% | | 13% | Global asset allocation securities | 5 | % | - | 40% | | 16% | Fixed income securities | 10 | % | - | 70% | | 46% |
| | Legal Entity [Axis] |
| IPL [Member] |
Award Type [Axis] | | Award Type [Domain] |
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Axis] | | 401(k) Savings Plan [Member] |
Employees Participate In Defined Contribution Retirement Plans | Costs related to the 401(k) savings plans, which are partially based on the participants’ contributions and include allocated costs associated with Corporate Services employees for IPL and WPL, were as follows (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Alliant Energy | | IPL | | WPL | | 2016 | | 2015 | | 2014 | | 2016 |
| | 2015 |
| | 2014 |
| | 2016 | | 2015 | | 2014 | 401(k) costs |
| $23.6 |
| |
| $24.9 |
| |
| $22.5 |
| |
| $12.0 |
| |
| $12.7 |
| |
| $11.1 |
| |
| $10.7 |
| |
| $11.2 |
| |
| $10.5 |
|
| | Legal Entity [Axis] |
| WPL [Member] |
Award Type [Axis] | | Award Type [Domain] |
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Axis] | | Defined Benefit Plans and Other Postretirement Benefit Plans [Domain] |
Assumptions Used To Measure Benefit Plans | The assumptions for defined benefit pension and OPEB plans at the measurement date of December 31 were as follows: | | | | | | | | | | | | | | | | | | | | | | | Defined Benefit Pension Plans | | OPEB Plans | Alliant Energy | 2016 | | 2015 | | 2014 | | 2016 | | 2015 | | 2014 | Discount rate for benefit obligations | 4.19% | | 4.47% | | 4.18% | | 3.98% | | 4.30% | | 3.97% | Discount rate for net periodic cost | 4.47% | | 4.18% | | 4.97% | | 4.30% | | 3.97% | | 4.59% | Expected rate of return on plan assets | 7.60% | | 7.60% | | 7.60% | | 6.30% | | 6.20% | | 7.40% | Rate of compensation increase | 3.65 | % | - | 4.50% | | 3.65 | % | - | 4.50% | | 3.50 | % | - | 4.50% | | N/A | | N/A | | N/A | Medical cost trend on covered charges: | | | | | | | | | | | | | | | | | | Initial trend rate (end of year) | N/A | | N/A | | N/A | | 7.00% | | 7.25% | | 6.75% | Ultimate trend rate | N/A | | N/A | | N/A | | 5.00% | | 5.00% | | 5.00% |
| | | | | | | | | | | | | | Qualified Defined Benefit Pension Plan | | OPEB Plans | IPL | 2016 | | 2015 | | 2014 | | 2016 | | 2015 | | 2014 | Discount rate for benefit obligations | 4.22% | | 4.50% | | 4.20% | | 3.95% | | 4.28% | | 3.94% | Discount rate for net periodic cost | 4.50% | | 4.20% | | 5.05% | | 4.28% | | 3.94% | | 4.55% | Expected rate of return on plan assets | 7.60% | | 7.60% | | 7.60% | | 6.60% | | 6.60% | | 7.60% | Rate of compensation increase | 3.65% | | 3.65% | | 3.50% | | N/A | | N/A | | N/A | Medical cost trend on covered charges: | | | | | | | | | | | | Initial trend rate (end of year) | N/A | | N/A | | N/A | | 7.00% | | 7.25% | | 6.75% | Ultimate trend rate | N/A | | N/A | | N/A | | 5.00% | | 5.00% | | 5.00% |
| | | | | | | | | | | | | | Qualified Defined Benefit Pension Plan | | OPEB Plans | WPL | 2016 | | 2015 | | 2014 | | 2016 | | 2015 | | 2014 | Discount rate for benefit obligations | 4.23% | | 4.51% | | 4.20% | | 3.96% | | 4.28% | | 3.96% | Discount rate for net periodic cost | 4.51% | | 4.20% | | 5.05% | | 4.28% | | 3.96% | | 4.56% | Expected rate of return on plan assets | 7.60% | | 7.60% | | 7.60% | | 4.70% | | 4.60% | | 7.30% | Rate of compensation increase | 3.65% | | 3.65% | | 3.50% | | N/A | | N/A | | N/A | Medical cost trend on covered charges: | | | | | | | | | | | | Initial trend rate (end of year) | N/A | | N/A | | N/A | | 7.00% | | 7.25% | | 6.75% | Ultimate trend rate | N/A | | N/A | | N/A | | 5.00% | | 5.00% | | 5.00% |
| Net Periodic Benefit Costs (Credits) | The components of net periodic benefit costs (credits) for sponsored defined benefit pension and OPEB plans are included in the tables below (in millions). Net periodic benefit costs are primarily included in “Other operation and maintenance” in the income statements. | | | | | | | | | | | | | | | | | | | | | | | | | Alliant Energy | Defined Benefit Pension Plans | | OPEB Plans | 2016 | | 2015 | | 2014 | | 2016 | | 2015 | | 2014 | Service cost |
| $12.6 |
| |
| $15.9 |
| |
| $13.1 |
| |
| $5.3 |
| |
| $5.5 |
| |
| $5.2 |
| Interest cost | 53.0 |
| | 53.6 |
| | 54.1 |
| | 9.4 |
| | 9.1 |
| | 9.5 |
| Expected return on plan assets (a) | (65.5 | ) | | (75.0 | ) | | (74.9 | ) | | (6.1 | ) | | (8.4 | ) | | (8.3 | ) | Amortization of prior service cost (credit) (b) | (0.3 | ) | | (0.2 | ) | | — |
| | (4.1 | ) | | (11.3 | ) | | (11.9 | ) | Amortization of actuarial loss (c) | 37.4 |
| | 35.4 |
| | 19.5 |
| | 4.7 |
| | 4.8 |
| | 2.4 |
| Additional benefit costs | — |
| | 0.5 |
| | — |
| | — |
| | — |
| | — |
| |
| $37.2 |
| |
| $30.2 |
| |
| $11.8 |
| |
| $9.2 |
| |
| ($0.3 | ) | |
| ($3.1 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | IPL | Defined Benefit Pension Plans | | OPEB Plans | 2016 | | 2015 | | 2014 | | 2016 | | 2015 | | 2014 | Service cost |
| $7.5 |
| |
| $8.8 |
| |
| $7.2 |
| |
| $2.3 |
| |
| $2.4 |
| |
| $2.4 |
| Interest cost | 24.5 |
| | 25.0 |
| | 25.1 |
| | 3.8 |
| | 3.8 |
| | 3.9 |
| Expected return on plan assets (a) | (30.9 | ) | | (35.8 | ) | | (35.7 | ) | | (4.3 | ) | | (5.7 | ) | | (5.8 | ) | Amortization of prior service cost (credit) (b) | (0.2 | ) | | (0.1 | ) | | — |
| | (2.6 | ) | | (6.1 | ) | | (6.3 | ) | Amortization of actuarial loss (c) | 16.5 |
| | 15.3 |
| | 8.0 |
| | 2.6 |
| | 2.3 |
| | 1.1 |
| |
| $17.4 |
| |
| $13.2 |
| |
| $4.6 |
| |
| $1.8 |
| |
| ($3.3 | ) | |
| ($4.7 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | WPL | Defined Benefit Pension Plans | | OPEB Plans | 2016 | | 2015 | | 2014 | | 2016 | | 2015 | | 2014 | Service cost |
| $4.9 |
| |
| $5.8 |
| |
| $4.9 |
| |
| $2.0 |
| |
| $2.1 |
| |
| $2.0 |
| Interest cost | 22.3 |
| | 22.6 |
| | 22.6 |
| | 3.8 |
| | 3.7 |
| | 3.8 |
| Expected return on plan assets (a) | (28.3 | ) | | (32.4 | ) | | (32.4 | ) | | (0.8 | ) | | (1.5 | ) | | (1.3 | ) | Amortization of prior service cost (credit) (b) | 0.2 |
| | 0.2 |
| | 0.3 |
| | (0.9 | ) | | (3.5 | ) | | (3.9 | ) | Amortization of actuarial loss (c) | 17.6 |
| | 16.8 |
| | 9.2 |
| | 1.8 |
| | 2.2 |
| | 1.3 |
| Additional benefit costs | — |
| | 0.5 |
| | — |
| | — |
| | — |
| | — |
| |
| $16.7 |
| |
| $13.5 |
| |
| $4.6 |
| |
| $5.9 |
| |
| $3.0 |
| |
| $1.9 |
|
| | (a) | The expected return on plan assets is based on the expected rate of return on plan assets and the fair value approach to the market-related value of plan assets. |
| | (b) | Unrecognized prior service costs (credits) for the OPEB plans are amortized over the average future service period to full eligibility of the participants of each plan. |
| | (c) | Unrecognized net actuarial gains or losses in excess of 10% of the greater of the plans’ benefit obligations or assets are amortized over the average future service lives of plan participants, except for the Alliant Energy Cash Balance Pension Plan where gains or losses outside the 10% threshold are amortized over the time period the participants are expected to receive benefits. |
| Estimated Amortization From Regulatory Assets, Regulatory Liabilities And Accumulated Other Comprehensive Loss Into Net Periodic Benefit Cost | The estimated amortization from “Regulatory assets” and “Regulatory liabilities” on the balance sheets and AOCL on Alliant Energy’s balance sheet into net periodic benefit cost in 2017 is as follows (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | Alliant Energy | | IPL | | WPL | | Defined Benefit | | | | Defined Benefit | | | | Defined Benefit | | | | Pension Plans | | OPEB Plans | | Pension Plans | | OPEB Plans | | Pension Plans | | OPEB Plans | Actuarial loss |
| $37.5 |
| |
| $3.8 |
| |
| $16.1 |
| |
| $2.0 |
| |
| $18.5 |
| |
| $1.6 |
| Prior service cost (credit) | (0.4 | ) | | (0.2 | ) | | (0.2 | ) | | — |
| | 0.1 |
| | (0.2 | ) | |
| $37.1 |
| |
| $3.6 |
| |
| $15.9 |
| |
| $2.0 |
| |
| $18.6 |
| |
| $1.4 |
|
| Funded Status Of Benefit Plans | A reconciliation of the funded status of WPL’s qualified and non-qualified defined benefit pension and OPEB plans to the amounts recognized on WPL’s balance sheets at December 31 was as follows (in millions): | | | | | | | | | | | | | | | | | | Defined Benefit | | | | Pension Plans | | OPEB Plans | WPL | 2016 | | 2015 | | 2016 | | 2015 | Change in benefit obligation: | | | | | | | | Net benefit obligation at January 1 |
| $505.9 |
| |
| $547.6 |
| |
| $89.7 |
| |
| $94.0 |
| Service cost | 4.9 |
| | 5.8 |
| | 2.0 |
| | 2.1 |
| Interest cost | 22.3 |
| | 22.6 |
| | 3.8 |
| | 3.7 |
| Plan participants’ contributions | — |
| | — |
| | 1.2 |
| | 1.6 |
| Plan amendments | — |
| | — |
| | — |
| | (0.2 | ) | Additional benefit costs | — |
| | 0.5 |
| | — |
| | — |
| Actuarial (gain) loss | 25.7 |
| | (30.0 | ) | | 0.5 |
| | (3.5 | ) | Gross benefits paid | (29.6 | ) | | (40.6 | ) | | (8.3 | ) | | (8.0 | ) | Net benefit obligation at December 31 | 529.2 |
| | 505.9 |
| | 88.9 |
| | 89.7 |
| Change in plan assets: | | | | | | | | Fair value of plan assets at January 1 | 386.8 |
| | 440.3 |
| | 18.7 |
| | 21.8 |
| Actual return on plan assets | 32.4 |
| | (13.0 | ) | | 1.2 |
| | (1.1 | ) | Employer contributions | 0.1 |
| | 0.1 |
| | 5.8 |
| | 4.4 |
| Plan participants’ contributions | — |
| | — |
| | 1.2 |
| | 1.6 |
| Gross benefits paid | (29.6 | ) | | (40.6 | ) | | (8.3 | ) | | (8.0 | ) | Fair value of plan assets at December 31 | 389.7 |
| | 386.8 |
| | 18.6 |
| | 18.7 |
| Under funded status at December 31 |
| ($139.5 | ) | |
| ($119.1 | ) | |
| ($70.3 | ) | |
| ($71.0 | ) |
| | | | | | | | | | | | | | | | | | Defined Benefit | | | | Pension Plans | | OPEB Plans | WPL | 2016 | | 2015 | | 2016 | | 2015 | Amounts recognized on the balance sheets consist of: | | | | | | | | Non-current assets |
| $— |
| |
| $— |
| |
| $2.7 |
| |
| $3.0 |
| Other current liabilities | (0.1 | ) | | (0.1 | ) | | (6.4 | ) | | (6.0 | ) | Pension and other benefit obligations | (139.4 | ) | | (119.0 | ) | | (66.6 | ) | | (68.0 | ) | Net amounts recognized at December 31 |
| ($139.5 | ) | |
| ($119.1 | ) | |
| ($70.3 | ) | |
| ($71.0 | ) | | | | | | | | | Net actuarial loss |
| $236.1 |
| |
| $232.1 |
| |
| $21.5 |
| |
| $23.3 |
| Prior service credit | (1.4 | ) | | (1.2 | ) | | (1.5 | ) | | (2.4 | ) | |
| $234.7 |
| |
| $230.9 |
| |
| $20.0 |
| |
| $20.9 |
|
| Accumulated Benefit Obligations | Included in the following tables are accumulated benefit obligations, aggregate amounts applicable to defined benefit pension and OPEB plans with accumulated benefit obligations in excess of plan assets, as well as defined benefit pension plans with projected benefit obligations in excess of plan assets as of the December 31 measurement date (in millions): | | | | | | | | | | | | | | | | | | Defined Benefit | | | | Pension Plans | | OPEB Plans | Alliant Energy | 2016 | | 2015 | | 2016 | | 2015 | Accumulated benefit obligations |
| $1,201.5 |
| |
| $1,166.0 |
| |
| $220.1 |
| |
| $221.4 |
| Plans with accumulated benefit obligations in excess of plan assets: | | | | | | | | Accumulated benefit obligations | 1,201.5 |
| | 1,166.0 |
| | 220.1 |
| | 221.4 |
| Fair value of plan assets | 895.7 |
| | 895.0 |
| | 105.8 |
| | 106.9 |
| Plans with projected benefit obligations in excess of plan assets: | | | | | | | | Projected benefit obligations | 1,244.3 |
| | 1,206.3 |
| | N/A |
| | N/A |
| Fair value of plan assets | 895.7 |
| | 895.0 |
| | N/A |
| | N/A |
|
| | | | | | | | | | | | | | | | | | Defined Benefit | | | | Pension Plans | | OPEB Plans | IPL | 2016 | | 2015 | | 2016 | | 2015 | Accumulated benefit obligations |
| $546.7 |
| |
| $531.0 |
| |
| $90.1 |
| |
| $91.3 |
| Plans with accumulated benefit obligations in excess of plan assets: | | | | | | | | Accumulated benefit obligations | 546.7 |
| | 531.0 |
| | 90.1 |
| | 91.3 |
| Fair value of plan assets | 422.0 |
| | 422.7 |
| | 68.2 |
| | 69.2 |
| Plans with projected benefit obligations in excess of plan assets: | | | | | | | | Projected benefit obligations | 570.4 |
| | 556.1 |
| | N/A |
| | N/A |
| Fair value of plan assets | 422.0 |
| | 422.7 |
| | N/A |
| | N/A |
|
| | | | | | | | | | | | | | | | | | Defined Benefit | | | | Pension Plans | | OPEB Plans | WPL | 2016 | | 2015 | | 2016 | | 2015 | Accumulated benefit obligations |
| $513.2 |
| |
| $493.8 |
| |
| $88.9 |
| |
| $89.7 |
| Plans with accumulated benefit obligations in excess of plan assets: | | | | | | | | Accumulated benefit obligations | 513.2 |
| | 493.8 |
| | 88.9 |
| | 89.7 |
| Fair value of plan assets | 389.7 |
| | 386.8 |
| | 18.6 |
| | 18.7 |
| Plans with projected benefit obligations in excess of plan assets: | | | | | | | | Projected benefit obligations | 529.2 |
| | 505.9 |
| | N/A |
| | N/A |
| Fair value of plan assets | 389.7 |
| | 386.8 |
| | N/A |
| | N/A |
|
| Regulatory Assets | In addition to the amounts recognized in regulatory assets in the above tables for IPL and WPL, regulatory assets were recognized for amounts associated with Corporate Services employees participating in other Alliant Energy sponsored benefit plans that were allocated to IPL and WPL at December 31 as follows (in millions): | | | | | | | | | | | | | | | | | | IPL | | WPL | | 2016 | | 2015 | | 2016 | | 2015 | Regulatory assets |
| $37.3 |
| |
| $38.0 |
| |
| $30.0 |
| |
| $29.5 |
|
| Estimated Future Employer Contributions | Estimated funding for the qualified and non-qualified defined benefit pension and OPEB plans for 2017 is as follows (in millions): | | | | | | | | | | | | | | Alliant Energy | | IPL | | WPL | Defined benefit pension plans (a) |
| $6.5 |
| |
| $0.7 |
| |
| $0.1 |
| OPEB plans | 8.7 |
| | 2.0 |
| | 6.4 |
|
| | (a) | Alliant Energy sponsors several non-qualified defined benefit pension plans that cover certain current and former key employees of IPL and WPL. Alliant Energy allocates pension costs to IPL and WPL for these plans. In addition, IPL and WPL amounts reflect funding for their non-bargaining employees who are participants in the Alliant Energy and Corporate Services sponsored qualified and non-qualified defined benefit pension plans. |
| Expected Benefit Payments | Expected benefit payments for the qualified and non-qualified defined benefit plans, which reflect expected future service, as appropriate, are as follows (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | Alliant Energy | 2017 | | 2018 | | 2019 | | 2020 | | 2021 | | 2022 - 2026 | Defined benefit pension benefits |
| $74.8 |
| |
| $73.2 |
| |
| $75.5 |
| |
| $77.6 |
| |
| $79.9 |
| |
| $405.9 |
| OPEB | 18.6 |
| | 18.5 |
| | 18.2 |
| | 17.8 |
| | 17.6 |
| | 82.6 |
| |
| $93.4 |
| |
| $91.7 |
| |
| $93.7 |
| |
| $95.4 |
| |
| $97.5 |
| |
| $488.5 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | IPL | 2017 | | 2018 | | 2019 | | 2020 | | 2021 | | 2022 - 2026 | Defined benefit pension benefits |
| $34.0 |
| |
| $35.1 |
| |
| $35.0 |
| |
| $37.2 |
| |
| $37.9 |
| |
| $192.1 |
| OPEB | 7.7 |
| | 7.6 |
| | 7.4 |
| | 7.4 |
| | 7.2 |
| | 34.0 |
| |
| $41.7 |
| |
| $42.7 |
| |
| $42.4 |
| |
| $44.6 |
| |
| $45.1 |
| |
| $226.1 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | WPL | 2017 | | 2018 | | 2019 | | 2020 | | 2021 | | 2022 - 2026 | Defined benefit pension benefits |
| $30.2 |
| |
| $30.9 |
| |
| $31.8 |
| |
| $32.5 |
| |
| $32.4 |
| |
| $167.1 |
| OPEB | 8.0 |
| | 8.0 |
| | 7.8 |
| | 7.4 |
| | 7.3 |
| | 32.7 |
| |
| $38.2 |
| |
| $38.9 |
| |
| $39.6 |
| |
| $39.9 |
| |
| $39.7 |
| |
| $199.8 |
|
| Recognized Compensation Expense And Income Tax Benefits | A summary of compensation expense, including amounts allocated to IPL and WPL, and the related income tax benefits recognized for share-based compensation awards was as follows (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Alliant Energy | | IPL | | WPL | | 2016 | | 2015 | | 2014 | | 2016 | | 2015 | | 2014 | | 2016 | | 2015 | | 2014 | Compensation expense |
| $18.0 |
| |
| $10.7 |
| |
| $15.3 |
| |
| $9.5 |
| |
| $5.7 |
| |
| $8.3 |
| |
| $7.9 |
| |
| $4.7 |
| |
| $6.4 |
| Income tax benefits | 7.4 |
| | 4.4 |
| | 6.2 |
| | 4.0 |
| | 2.4 |
| | 3.4 |
| | 3.2 |
| | 1.9 |
| | 2.6 |
|
| | Legal Entity [Axis] |
| WPL [Member] |
Award Type [Axis] | | Award Type [Domain] |
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Axis] | | Pension Plans, Defined Benefit [Member] |
Fair Value Of Plan Assets By Asset Category, Fair Value Hierarchy Level and Allocations | At December 31, the fair values of WPL’s qualified and non-qualified defined benefit pension plan assets were as follows (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2016 | | 2015 | | Fair | | Level | | Level | | Level | | Fair | | Level | | Level | | Level | | Value | | 1 | | 2 | | 3 | | Value | | 1 | | 2 | | 3 | Cash and equivalents |
| $13.3 |
| |
| $2.2 |
| |
| $11.1 |
| |
| $— |
| |
| $10.0 |
| |
| $— |
| |
| $10.0 |
| |
| $— |
| Equity securities - domestic | 79.9 |
| | 79.9 |
| | — |
| | — |
| | 50.3 |
| | 50.3 |
| | — |
| | — |
| Equity securities - international | 42.4 |
| | 42.4 |
| | — |
| | — |
| | 40.6 |
| | 40.6 |
| | — |
| | — |
| Global asset allocation securities | 23.0 |
| | 23.0 |
| | — |
| | — |
| | 22.8 |
| | 22.8 |
| | — |
| | — |
| Fixed income securities | 54.5 |
| | 23.3 |
| | 31.2 |
| | — |
| | — |
| | — |
| | — |
| | — |
| Total assets in fair value hierarchy | 213.1 |
| |
| $170.8 |
| |
| $42.3 |
| |
| $— |
| | 123.7 |
| |
| $113.7 |
| |
| $10.0 |
| |
| $— |
| Assets measured at net asset value | 176.6 |
| | | | | | | | 263.0 |
| | | | | | | Accrued investment income | 0.5 |
| | | | | | | | 0.1 |
| | | | | | | Due to brokers, net (pending trades with brokers) | (0.5 | ) | | | | | | | | — |
| | | | | | | Total pension plan assets |
| $389.7 |
| | | | | | | |
| $386.8 |
| | | | | | |
At December 31, 2016, the current target ranges and actual allocations for the defined benefit pension plan assets were as follows: | | | | | | | | | Target Range | | Actual | | Allocation | | Allocation | Cash and equivalents | 0 | % | - | 5% | | 3% | Equity securities - domestic | 22 | % | - | 42% | | 30% | Equity securities - international | 8 | % | - | 28% | | 17% | Global asset allocation securities | 5 | % | - | 15% | | 10% | Risk parity allocation securities | 5 | % | - | 15% | | 10% | Fixed income securities | 20 | % | - | 40% | | 30% |
| | Legal Entity [Axis] |
| WPL [Member] |
Award Type [Axis] | | Award Type [Domain] |
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Axis] | | Other Postretirement Benefits Plans [Member] |
Fair Value Of Plan Assets By Asset Category, Fair Value Hierarchy Level and Allocations | At December 31, the fair values of WPL’s OPEB plan assets were as follows (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2016 | | 2015 | | Fair | | Level | | Level | | Level | | Fair | | Level | | Level | | Level | | Value | | 1 | | 2 | | 3 | | Value | | 1 | | 2 | | 3 | Cash and equivalents |
| $2.0 |
| |
| $0.7 |
| |
| $1.3 |
| |
| $— |
| |
| $2.3 |
| |
| $— |
| |
| $2.3 |
| |
| $— |
| Global asset allocation securities | 5.5 |
| | 5.5 |
| | — |
| | — |
| | 5.4 |
| | 5.4 |
| | — |
| | — |
| Fixed income securities | 11.1 |
| | 11.1 |
| | — |
| | — |
| | 11.0 |
| | 11.0 |
| | — |
| | — |
| Total OPEB plan assets |
| $18.6 |
| |
| $17.3 |
| |
| $1.3 |
| |
| $— |
| |
| $18.7 |
| |
| $16.4 |
| |
| $2.3 |
| |
| $— |
|
At December 31, 2016, the current target ranges and actual allocations for VEBA trusts with assets greater than $5 million and the WPL 401(h) assets were as follows: | | | | | | | | | Target Range | | Actual | | Allocation | | Allocation | Cash and equivalents | 0 | % | - | 15% | | 3% | Equity securities - domestic | 0 | % | - | 45% | | 22% | Equity securities - international | 0 | % | - | 21% | | 13% | Global asset allocation securities | 5 | % | - | 40% | | 16% | Fixed income securities | 10 | % | - | 70% | | 46% |
| | Legal Entity [Axis] |
| WPL [Member] |
Award Type [Axis] | | Award Type [Domain] |
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Axis] | | 401(k) Savings Plan [Member] |
Employees Participate In Defined Contribution Retirement Plans | Costs related to the 401(k) savings plans, which are partially based on the participants’ contributions and include allocated costs associated with Corporate Services employees for IPL and WPL, were as follows (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Alliant Energy | | IPL | | WPL | | 2016 | | 2015 | | 2014 | | 2016 |
| | 2015 |
| | 2014 |
| | 2016 | | 2015 | | 2014 | 401(k) costs |
| $23.6 |
| |
| $24.9 |
| |
| $22.5 |
| |
| $12.0 |
| |
| $12.7 |
| |
| $11.1 |
| |
| $10.7 |
| |
| $11.2 |
| |
| $10.5 |
|
|