On April 30, 2013, Iowa-American Water Company filed a proposal to increase its water utility rates with the Iowa Utilities Board. Iowa-American requested a permanent rate change to increase its annual revenues by approximately $6.44 million (18 percent). As allowed by Iowa law without Board approval, Iowa-American implemented an interim rate increase on May 10, 2013, to generate approximately $2.68 million in additional annual revenues (7.5 percent increase).
On February 4, 2014, the Board held its verbal decision meeting and Iowa-American will be allowed a permanent annual revenue increase of approximately $3.9 million (10.9 percent), which will not become the final and binding decision of the Board until its written decision order is issued on or before February 28, 2014. For more information, please see the Board’s news release. All documents filed in this rate case, Docket No. RPU-2013-0002, are available on the Board’s electronic filing system.
Iowa-American provides service to approximately 80,000 customers in two districts, its Quad Cities and Clinton Districts.