If you’re an Alliant Energy customer, odds are you received some unwelcome news this week.
Alliant Energy’s Iowa electric utility, Interstate Power and Light Company, recently submitted a request to the Iowa Utilities Board to increase electric utilities base rates across the board, and if approved, will go into effect January 1, 2020.
Under the new rates, a typical residential customer would see their bill go up nearly 25 percent. In 2018, a typical residential customer paid on average around $80 a month, but the proposed rate increase would bump that number to over $100.
Alliant said they are increasing their rates in order to offset costs due to their investments in wind farms, advanced metering infrastructure and environmental controls that reduce emissions.
“Our investments in wind energy will bring long-term benefits to Iowa,” said Terry Kouba, President of Alliant Energy’s Iowa energy company in a release. “Beyond being renewable, wind energy delivers lower fuel costs for customers, property taxes to communities and lease payments to landowners.”
Evidently, those “lower costs” won’t be found on Alliant customers’ monthly bills, at least for the time being.
The rate increases are subject to approval by the Iowa Utilities Board, and customers have the opportunity to voice any comments or objections before they make a decision on the increase. these can be lodged online at ifs.iowa.gov, emailed to firstname.lastname@example.org or mailed to Iowa Utilities Board, 1375 E. Court Avenue, Des Moines, IA 50319-0069.