CLOSINGS: View Closings

Iowa approves rate hike for Alliant Energy

Increase in electric rates is less than company requested.

Posted: Feb 2, 2018 7:44 PM

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.

Article Comments

Mason City
Clear
46° wxIcon
Hi: 70° Lo: 44°
Feels Like: 46°
Albert Lea
Clear
45° wxIcon
Hi: 72° Lo: 43°
Feels Like: 45°
Austin
Clear
46° wxIcon
Hi: 70° Lo: 44°
Feels Like: 46°
Charles City
Clear
46° wxIcon
Hi: 71° Lo: 45°
Feels Like: 44°
Rochester
Clear
43° wxIcon
Hi: 66° Lo: 41°
Feels Like: 39°
Showers possible on Wednesday
KIMT Radar
KIMT Eye in the sky

Latest Video

Image

Keeping EMS and Firefighters apart during the pandemic

Image

Virtual 5K

Image

Minnesota leads the way for takeout food

Image

Mason City YMCA hosts virtual 5k

Image

Sharing Music During the Pandemic

Image

Make Your Own Disinfectant

Image

Chris' PM Weather Forecast 4/7

Image

Grocery store safety measures

Image

Dr. Brian McDonough talks about Covid-19 anxiety

Image

Two businesses closing due to COVID-19

Community Events