DES MOINES, Iowa – A rate hike has been approved for Alliant Energy…but for less than the company wanted.
Alliant filed a request in April 2017 with the Iowa Utilities Board for an 11.6 percent, or $176 million, increase in electric rates. The Board says it held eight public customer comment meetings throughout Alliant’s service territory in Iowa and conducted an evidentiary hearing in Des Moines in October 2017.
On Friday, the Board approved a 7.8 percent, or $130 million, electric rate increase.
“We will continue to help our customers by advancing clean energy and strengthening the energy grid,” said Doug Kopp, president of Alliant Energy’s Iowa energy company. “We are reviewing the Board’s decision.”
Alliant has 20 days to review the Board’s ruling and ask for a reconsideration or rehearing. The Board’s decision will not become final until that process is complete.
- Iowa approves rate hike for Alliant Energy
- Accused Alliant Energy burglar pleads not guilty
- Alliant Energy releases flood safety information
- Final sentence in theft from Alliant Energy trucks
- Alliant Energy customers can purchase trees through "Operation ReLeaf"
- Alliant Energy working on upgrading Cerro Gordo County's electric system
- Two Alliant Energy employees credited with helping elderly woman during Mason City dog attack
- UPDATE: Power restored to more than 2,700 Alliant Energy customers in Mason City
- Proposed tobacco tax hike for Iowa
- Tuition rate hike decision may not be made until June