Interstate Power and Light Company (IPL) is a public utility engaged principally in the generation and distribution of electricity, and the distribution and transportation of natural gas in select markets in Iowa and southern Minnesota. The Company operates through three business segments: electric operations, gas operations and other, which includes steam operations. In Iowa, the Company provides utility services to incorporated communities as directed by the Iowa Utilities Board (IUB) and utilizes non-exclusive franchises, which cover the use of public right-of-ways for utility facilities in incorporated communities for a maximum term of 25 years. The Company provides electric utility services to a range of retail customers in industries, including food manufacturing, chemical (including ethanol) and paper industries. The Company is a subsidiary of Alliant Energy Corporation (Alliant Energy).