History-Industrial Energy Applications, Inc. (IEA)
IEA is an Iowa corporation and initially started business operations in 1983 as an unregulated (non-utility) subsidiary of Iowa Electric Light and Power Company (IELP). IELP envisioned Industrial Energy Applications becoming the platform upon which it would build its diversified business operations positioned to capitalize on the anticipated deregulation of the electrical utility industry....continue reading
Over the next decade, Industrial Energy Applications developed a burgeoning gas trading business and began assembling a portfolio of generating assets, including standby generators, peaking plants, process steam plants, propane air storage units and an ownership interest in a biomass power plant.
As deregulation sputtered, IELP’s successor IES Industries, Inc. merged with Interstate Power Company and Wisconsin Power and Light Company to become Alliant Energy Corporation (Alliant) in 1998 and IEA was assigned to Alliant’s diversified business holdings under Alliant Energy Resources, Inc. (later Alliant Energy Resources, LLC(AER)). Within AER, IEA was grouped with an array of other business to form the Alliant Energy Integrate Service Company (ISCO) that targeted industrial and commercial customers aiming to provide energy infrastructure, commodity purchases, energy efficiency upgrades and environmental services under a common umbrella. The gas business was separated from IEA and IEA focused on its core mission to own, operate and maintain energy infrastructure assets. For parts of 2001 and 2002, Industrial Energy Applications was marketed and operated under Alliant Energy Cogenex, after ISCO had acquired two other energy service companies (one near Boston and the other near Philadelphia) in order to increase ISCO’s presence in the east coast market. By 2003, these two companies were sold, and IEA was again operating as a solo entity under ISCO.
By 2004, it was obvious that the day of the full service energy service company had passed and there was a renewed call from Wall Street for electrical utilities to “sharpen their focus”. As a result, most utility companies sold off or closed down their non-regulated energy services operations. Alliant followed suit selling off most of the parts of ISCO, but retaining Industrial Energy Applications, since it had many electrical customers in common with IEA. In 2006, Alliant sought to concentrate its future investment within its core utility businesses. Alliant concluded Industrial Energy Applications was no longer a strategic fit and commenced the sales process.
In March 2011, Industrial Energy Applications was purchased through a management lead buy-out (MBO) consisting of both current and former members of the IEA management team. Today, Industrial Energy Applications is jointly owned by Randy J. Portz and Bryan P. McGlothlin.
What We Do
Industrial Energy Applications, Inc. is an energy services company specializing in energy infrastructure projects behind the customer’s utility meter. Our preferred business model is to build, own, operate and maintain assets for customers on their sites, but we are willing to do turn-key projects and to operate and maintain assets owned by the customer. Our target customers are in the industrial and large commercial space.
CEO & Chairman of the Board
Randy has over 35 years of professional experience in the power generation industry. He has a diversified background in engineering, operations, regulatory processes, business processes, problem solving and customer… Read More
Bryan has over 30 years of professional experience in the power generation industry. He has an extensive background in power engineering, electrical engineering, construction, operations, maintenance and electrical… Read More
Steve has more than 30 years of professional experience in power generation, manufacturing and industrial control systems. He has an extensive background in power distribution, power generation, remote monitoring. Read More
Maintenance & IT Manager
Charlie has over 35 years of professional experience in the manufacturing and power generation industries.He has extensive background in… Read More
We create value for our customers through development of customized energy infrastructure solutions, financing, the safe and reliable operation of our equipment and the flawless execution of our testing and maintenance practices.
Work Safely – Above all other things, we will work safely. Our goal is for all employees to return home safely. Extra planning time will be given to ensure our work is performed in a safe manner. We will not do anything that jeopardizes the safety of our employees or subcontractors.
Protect the Public – We will exercise a high regard for the well being of the public and will not put the welfare of the public at risk.
Safeguard the Environment – We will be good stewards of the environment, we will not do anything that needlessly harms the environment.
Concern for Customer’s Operations – Our customers are our livelihood, through our service we seek to sustain their ongoing operations. We will not knowingly do anything that adversely affects or causes undue risk to customer operations.
Respect the Property Rights of Others – We will treat others’ property with the same high regard as if it were our own. We will not infringe on the property rights of others, without prior authorization. If we create an impact, we will be responsible in redressing the situation.
We are Honest and Ethical – We will deal with customers, the public and suppliers in an above board manner. We take responsibility for our actions and we do what is possible to make the situation right, if we have made a mistake.
Conservative Decision Making – Know what can go wrong, make informed decisions, never risk a lot to gain a little and when in doubt or the situation is not clear, default to the conservative or safe condition.
Under Commit / Over Produce – Don’t take on more than you are capable of given other commitments and then don’t just do the minimum to get by; meet or beat schedules, cost estimates and customer expectations.
Don’t Save the Equipment to Destruction – Timely preventive maintenance and even spending money, which is not budgeted, is preferable than running the equipment to failure and disruption in our schedule or impact on the customer....continue reading
Take the Time to do the Job Right the First Time – The cheapest and fastest way to get work done is to take the extra time to make sure you get it right the first time. It is more costly in terms of time and money to rework a job.
Attention to Detail – Sweat the small stuff, never assume anything, check the references, make the extra phone call, talk to your peers or supervisor, etc.
Don’t Shoot the Messenger – We can stand to hear bad news, separate the person from the message and focus on the problem and not the person that brought it to you.
Never Leave an Issue Open-Ended – Identify who, what and by when, don’t assume someone else is handling it.
Identify Issues at a Low Level – Don’t wait for the customer, regulators or management to identify issues or concerns; self-identification at the worker level is preferred and often leads to the most effective corrective actions.
Set High Expectations – Demand the best from yourself and others, don’t settle for good enough, challenge yourself and others to continually do better and maintain excellence as your goal, strive for perfection.
Maintain a Questioning Attitude – Don’t assume, ask why until you get answers that are compelling. Don’t just accept what has historical been done. Ask yourself what if?
Do the Right Thing Voluntarily – We need to do what is right voluntarily and not wait to be told to do so (e.g., the regulator orders us, the terms of the contract are imposed, etc.).
Stop, Check & Think – Self checking is a good way to avoid making errors, always take the time to plan through what you are doing, think about what whether you have the tools, parts, procedures, manuals needed, know what you expect to see happen and when you don’t get what you expect have a plan for backing out of the situation until you can get help.
Teamwork Wins – Together we can accomplish more that we can separately, we all need to work together at being good teammates and utilize good team skills.
Accuracy First, Speed will Follow – First seek to get a process of procedure which works effectively (i.e., doesn’t cause safety, operational or personnel challenges and meets the customers needs) and then worry about how to make it faster, cheaper or improve the quality.
Maintain a Healthy Sense of Paranoia – Know what can go wrong and take actions to mitigate risks.
Be Proactive – Anticipate, don’t wait for problems to occur; take measures to head them off before they can occur.
Hold Each Other Accountable – Commitments we make to each other are as important as those that we make to customers, shareowners, regulators, etc. and deserve the same level of attention.