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Exhibit 10.28
SUMMARY OF 2007 MANAGEMENT INCENTIVE COMPENSATION
PLAN
Alliant Energy Corporation (the
“Company”) maintains the Management Incentive
Compensation Plan (MICP), which provides eligible employees with a
cash bonus if corporate and individual goals are met. The following
is a summary of the material terms of the MICP applicable to
executive officers of the Company for 2007.
Alliant Energy Corporate
Performance :
The table below outlines the 2007 goals against
which corporate performance will be measured and the funding
associated with each level of achievement.
2007 CORPORATE PERFORMANCE
MEASURES
For purposes of Determining the Short-Term
Incentive Pool
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Earnings Per Share (EPS) (1)
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Cash Flow (2)
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Level
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Funding
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Level
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Funding
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Maximum
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150%
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Target
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100%
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Target
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100%
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Threshold (3)
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20%
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Weighting of EPS in
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Weighting of Cash Flow in
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final Corporate Performance
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final Corporate Performance
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85%
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+
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15%
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(1)
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Earnings per share (EPS) amounts used for purposes
of determining short-term incentive pool will be based on utility
earnings from continuing operations only
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(2)
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If cash flow amounts do not meet the target amount,
the short term incentive pool will only be funded at
85%.
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(3)
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If the Threshold EPS level of $2.32, wh
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