Alliant Energy receiving federal funds to extend operational lifespans

Alliant Energy Corporation is expected to receive federal funds from the Trump administration’s $700 million in coal plant investments across the country, according to a White House official. Trump will use the Defense Production Act, which grants the president emergency authority to take over domestic industries, to invest $425 million into 13 coal plants across the country, including Alliant Energy, which is headquartered in Madison. Funds will be used to invest in upgrades to extend operational lifespans, reinforce grid reliability and keep electricity prices low as demands grow.