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The U.S. Department of Energy’s Office of Energy Dominance Financing finalized a $5.1 billion loan package for Alliant Energy

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The U.S. Department of Energy’s Office of Energy Dominance Financing finalized a $5.1 billion loan package for Alliant Energy

Oct 28, 2026, 3:16 PM ET

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The U.S. Department of Energy’s Office of Energy Dominance Financing finalized a $5.1 billion loan package for Alliant Energy to enhance grid reliability and expand power generation across Iowa and Wisconsin. The project is expected to lower electricity costs, projecting to deliver over $1 billion in savings to families and businesses while providing a major boost to new or upgraded generation capacity.

The funded projects focus on supporting new natural gas-fired power plants, energy storage systems, and upgrades to existing facilities. Together, these infrastructure updates will generate enough electricity to power roughly 2 million homes and create hundreds of construction jobs across the region.

In conjunction with the financial announcement, U.S. Secretary of Energy Chris Wright traveled to Wisconsin to host a press conference at a natural gas facility in Beloit. Secretary Wright also scheduled a visit to the John P. Madgett coal-fired power plant in Alma for a roundtable discussion.

Todd Coppernoll

Todd Coppernoll oversees local news for WRCO and WRCE radio in Richland Center. Having served Richland Center as Mayor for three terms, Todd brings a unique perspective, and a familiar voice to the news. The focus is local, and so is the reporter.

Adam D. Hess

Adam Hess has been involved in radio broadcasting since 1990, with many of those years spent on the air at WRCO FM in Richland Center. Currently, Adam hosts the Weekend Wake-up and Prime Mover Saturdays on WRCO FM, jumps in and helps out with news duties, handles Social Media duties for WRCO and WRCE, and is the Director of Technology at a Southwest Wisconsin School District. Reach him at adam.hess@civicmedia.us.

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