John O. Larsen
Chair, President and Chief Executive Officer at Alliant Energy
Thanks, Zac. Hello, everyone. Thank you for joining us today. We had another exceptional quarter, delivering strong financial results, and we're reaffirming our 2022 earnings guidance range of $2.67 to $2.81. And given our strong start to the year, we are currently trending to the upper half of that range. Similar to other calls, I'll share some highlights from the quarter and then turn it over to Robert to recap key financial results and regulatory progress. I'll start with an update on our Clean Energy Blueprint.
You may recall the topic of discussion last quarter was the potential for added tariffs to our projects. Given the strong need for our planned solar resources and the benefits to our customers, we have continued our momentum on executing our planned projects. I'm pleased to share that we have made excellent progress in advancing solar projects in both of our states. Let me share some of the key milestones we have achieved recently. We executed a tax equity partnership covering four solar projects that will go into service this year.
We have received approval from the Wisconsin Public Service Commission for the entirety of our nearly 1.1 gigawatts of planned solar in the state of Wisconsin. And we have all 16 sites that make up our overall 1.5 gigawatts of solar additions across both Iowa and Wisconsin under site control. That momentum will continue into Q3 with our Bear Creek project scheduled to go into service soon and the final panel installation occurring at our Wood County. I could not be prouder of our team as they continue to advance this important part of our strategy.
We are also proud of the positive recognition we've received for our use of a skilled union workforce as we build out these projects and how we're bringing jobs, investment and economic benefits to Iowa and Wisconsin. I also want to point out that while Clean Energy Blueprint is not dependent on passing a new legislation, we are encouraged by the proposed Inflation Reduction Act that's making its way through Congress. The proposal may present us with even more customer benefits and added flexibility as we bring renewable solutions to our customers.
Even without legislation, we have a great plan and strategy that brings clean energy to our customers in an affordable and reliable manner. Robert will share more details with respect to the proposed Inflation Reduction Act and its potential impacts a bit later in the call. Another topic I'll touch on is the recent announcement to extend the retirement dates for two of our coal facilities. Given the uncertainty in the MISO market, coupled with the high cost to replacement capacity, we took action to ensure we address the near-term reliability needs of our customers.
This also further reinforces the need for our solar expansion efforts and the need to continue to plan for both near- and long-term capacity needs for our customers. The progress I highlighted earlier with respect to our renewable projects should leave no doubt as to our continued focus and solid execution of our Clean Energy Blueprint, reaffirming our commitment to our carbon reduction goals. Our blueprint is comprehensive.
Going beyond generation to also ensure a clean, efficient and resilient energy grid, we're adding smart technologies to our grid, transitioning our electric lines from overhead to underground, and expanding the use of energy storage. Our blueprint is designed to ensure resiliency and reliability of our grid, reduce customer costs and allow for more distributed renewable generation on our grid. Let me now turn to the recent release of our corporate responsibility report.
As you know, we have been a leader in ESG performance for many years. Our latest corporate responsibility report showcases the many ways we plan, operate and achieve our objectives, delivering top-tier results. I'll highlight a few of those from this year's report. In partnership with the Electric Power Research Institute, we added a clear science-based report that confirms how our Clean Energy Blueprint and carbon dioxide reduction goals are consistent with the United Nations Paris Agreement objectives to limit global annual temperature rise.
We also published our new biodiversity commitment, which solidifies our long-standing transition of caring for the environment, including protecting natural resources and wildlife, especially those that are or may become threatened or endangered. And our one million trees initiative is off to a very exciting start. In our first year, more than 120,000 trees were planted across Iowa and Wisconsin through our residential and community tree programs in partnership with Trees Forever.
I encourage you to learn more about our corporate responsibility on our website. I'll end with two examples that illustrate our commitment to addressing the social needs in our communities and how we link everything we do to our purpose to serve customers and build stronger communities. The first example also highlights our focus on a core value of safety. According to the National Child ID program, a child goes missing in the U.S. every 40 seconds.
That's more than 800,000 children each year. Earlier this year, we partnered with the National Child ID program to provide DNA identification kits to nearly one million children and their families all across Wisconsin, giving families the critical information they need to help be reunited with their lost children. In partnership with the IBEW and the Green Bay Packers, Wisconsin is only the third state to provide kits to all children from kindergarten to 12th grade free of charge and made possible through a gift from our foundation.
We are humbled to be recognized by the National Child ID program with their Utility of the Year award at their 25th anniversary celebration this weekend in conjunction with the NFL Hall of Fame induction ceremonies, and we look forward to expanding our efforts to children and families in Iowa later this year. The second example ties to our long-standing commitment to our communities. Since we are in the thick of baseball season, this example will resonate well with you baseball fans.
You may recall that last August, Major League Baseball hosted a game at the iconic Field of Dreams movie site located in our service territory near Dyersville, Iowa. Since then, the owners of the complex have announced an economic development expansion of the site to include multiple venues and amenities from sports training camps to concert venues and more, which plan to draw tourists from around the country and the world, bringing additional economic benefits to the region.
We have been proud to partner with the owners to extend smart infrastructure to the site, including plans for EV charging as they ready for construction expansion this fall. Before I turn the call over to Robert, I want to share that the accomplishments that I've highlighted today are the direct results of the outstanding efforts of our talented employees who work each and every day to deliver on our purpose, to serve customers and build stronger communities. Thank you for the continued interest in Alliant Energy.
I'll now turn the call over to Robert.