Alliant Energy’s Iowa Company Reaches Partial Settlement on Pending Rate Review

Alliant Energy’s Iowa energy company has filed a proposed partial settlement agreement in its 2017 electric rate review. This agreement creates cost certainty for customers and allows Alliant Energy to continue to advance cleaner energy, to strengthen the reliability of Iowa’s power grid and provide innovative customer solutions.

“This collaborative process with our customer groups and our company created a fair agreement that supports our objective to provide exceptional service to our customers,said Doug Kopp, President of Alliant Energy’s Iowa utility. “I want to thank the Iowa Office of Consumer Advocate, the Iowa Business Energy Coalition and the Large Energy Group for coming together on this agreement.”

On April 3, 2017, Alliant Energy filed its first rate review in six years. An interim base rate increase went into effect ten days later. This agreement increases base rates less than 2 percent above interim rates. Under this agreement, the total increase from this base rate review would be 8.6 percent. Spread over the last six years, this increase would have equated to less than 1.5 percent annually. The final bill impact for each customer class will be decided as part of the rest of the rate review process.

Through the rest of 2017, customers will also continue to receive bill credits related to tax benefits and refunds on transmission expenses to offset the base rate increases and maintain competitive customer costs. In addition, under this agreement Alliant Energy will give more tax-related bill credits to customers in 2018.

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