All of those Iowa residents who want the answer to the Alliant Energy’s proposed rate increase will be provided with feedback on Thursday. Get more information here!
Alliant Energy’s Proposal Concerns
Since Alliant Energy requested to raise gas and electric rates the following year, the Iowa Utilities Board decided to host a customer meeting on Tuesday. The attendants of this event will be the Office of Consumer Advocate and Alliant’s representatives.
The meeting will begin at 5:30 p.m. in the Kirkwood Community College Ballantyne Auditorium in Iowa Hall, 6965 Tower Rd. SW., Cedar Rapids. Just in case you have some questions, but cannot make it to the meeting, you can leave your concerns and comments online at the Iowa Utilities Board website.
In March, earlier this year, Alliant Energy applied increases of both gas and electric rates. According to the proposal, rates would increase by about 25% for gas and 24.5% for electricity.
As for commercial rates, they would go north by about 14% for gas and 18.4% for electricity.
And an intern increase began in April for Alliant customers; the plan was to upsurge a common customer’s electric bill (which is $116) by approximately $8 per month. This intern increase is made to create the utility of about $90 million dividends.
Should the intern rate turn out to be unreasonable, it will be a subject to restitution. There will be a public hearing regarding this issue, set for October 7th and 9th. If these increases happen to be approved, the Utilities Board claims that the permanent revenue would be about $21 million for natural gas and $203 million for electric rates per year.