• Home
  • News
    • Politics & Government
    • Business & Economy
    • Crime / Courts
    • Health / Medicine
  • Sports
    • High School Sports
    • Radio Iowa Poll
  • Affiliates
    • Affiliate Support Page
  • Contact Us
    • Reporters

Radio Iowa

Iowa's Radio News Network

You are here: Home / Politics / Govt / Utilities Board gives approval to MidAmerican rate freeze

Utilities Board gives approval to MidAmerican rate freeze

December 21, 2001 By admin

The Iowa Utilities Board gave conditional approval Thursday to an energy rate agreement with the state’s largest energy company. Utilities Board spokesman Chuck Seele says the Board approved the agreement with MidAmerican Energy.He says the settlement would freeze the company’s electricity rates through the year 2005. The deal also lets the company put any electric profits into the cost of constructing new electric plants. Seele says the original deal would’ve required the company to refund the profits to customers if they didn’t use them by 2005 to build new plants.The Board modified that provision to allow for an annual review of the company’s profits, so they can be returned quickly if there’s and excess. Seele says another modification approved Thursday would allow the company to balance out rates by raising low rates with a corresponding decrease in service areas with higher rates.Seele says the settlement must still be approved by union electrical workers and John Deere. Those groups have ten days to respond to the proposal.

Share this:

  • Facebook
  • Twitter

Filed Under: Politics / Govt Tagged With: Utilities

Featured Stories

Exhibit features lesser known works of Grant Wood

Testing finds 21 new CWD cases in deer

It may become a crime in Iowa to use fake urine in workplace drug tests

February trending 18 degrees below average temperature

Iowa House Education Committee votes to end tenure at UI, ISU, UNI

TwitterFacebook
Tweets by RadioIowa

Iowa’s Jack Nunge lost for the season

Key stretch begins for #9 Iowa

Drake’s Roman Penn lost for the season

Drake’s DeVries named to Naismith watch list

State wrestling opens with limited attendance

More Sports

eNews and Updates

Enter your email address:

Delivered by FeedBurner

Archives

Copyright © 2021 ยท Learfield News & Ag, LLC