Contact: Jennifer Easler, Acting Consumer Advocate
FOR IMMEDIATE RELEASE, July 7, 2010
Consumer Advocate Seeks $1.8 Million Cut in Interstate Power Electric rates -- Instead of $162 Million Increase Sought by the Utility
DES MOINES. Iowa’s Office of Consumer Advocate (OCA) is asking the Iowa Utilities Board (IUB) to reduce electric rates for Interstate Power and Light Company by $1.8 million annually.
Interstate filed an application on March 11, 2010, to increase its electric rates by over $162 million annually, or approximately 13.8 percent.
The Utilities Board has scheduled a hearing to begin in Des Moines on September 20, and a decision is expected in early January, 2011. The OCA’s rate reduction request was made in a detailed filing with the IUB today. OCA’s entire filing (consisting of testimony, exhibits, and workpapers) will be available on the IUB’s website: https://efs.iowa.gov/efs/ShowWelcome.do
Interstate is owned by Alliant Energy Corporation, a holding company based in Madison, Wisconsin. Interstate serves over 650 communities in Iowa, including Burlington, Cedar Rapids, Centerville, Clinton, Creston, Dubuque, Fort Madison, Keokuk, Marshalltown, Mason City, Newton, Ottumwa, and Spirit Lake.
The IUB regulates public utility rates in Iowa, and the OCA represents the interests of utility customers and the public before the Utilities Board. The OCA is a division of the Iowa Department of Justice.