Aug 2 (Reuters) - Utility firm Alliant Energy ( LNT )
said on a post-earnings call on Friday that it has executed
multiple power supply deals with data centers.
The increasing popularity of advanced AI tools such as
OpenAI's ChatGPT has led to a growing need for high-performance
data centers, which are capable of processing the vast amounts
of data required to handle large volumes of information,
boosting demand for electricity.
"We have been proactively working to attract new customers
in both Iowa and Wisconsin and we are pleased to announce that
we have executed multiple agreements with data centers in both
states," a company executive said on the post-earnings call.
Alliant did not provide any other details about the
deals.
The Madison, Wisconsin-based company reported a decline in
its second-quarter profit on Thursday, hurt by a settlement
agreement related to its Interstate Power and Light (IPL) unit's
retail electric rate review.
The company recorded a pre-tax non-cash charge of $60
million in the second quarter due to the settlement agreement.
Quarterly adjusted profit for its utilities and corporate
services segment, which IPL is a part of, was down 13.8% at 56
cents per share from a year ago.
The company reported an profit of $87 million for the
quarter ended June 30, compared with $160 million, from a year
earlier.