• 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 / Business owner speaks out against energy rate increase

Business owner speaks out against energy rate increase

June 28, 2002 By admin

The Iowa Utilities Board took up a proposed rate increase by Alliant energy at its meeting this week. One who came to object was Bob Bowers, president of the Wellman Dynamics Corporation in Creston, who said it’s hard to take a big increase that comes all at once. He says two or three percent a year is easier to take than a big jump. Wellman supplies parts to the military, for Black Hawk helicopters and Tomahawk missiles. Bowers says the increase can’t be passed on, so the company has to absorb it somewhere. He says the place they can cut fixed costs is payroll, so he thinks local businesses will have to cut workers. Bowers says it’ll drive businesses away if fast-rising utility costs force him to raise the cost of his products. Bowers says in the case of a military supplier, that could mean the government will buy its parts from another supplier with lower fixed costs, or from producers overseas. The next hearing on the rate increase will be in Des Moines, on October 22nd.

Share this:

  • Facebook
  • Twitter

Filed Under: Politics / Govt Tagged With: Utilities

Featured Stories

Governor Reynolds touts 2024 Iowa Caucuses in Inaugural Address

University of Iowa grad presiding over U.S. House Speaker vote

Iowan who was oldest person in the U.S. dies

Iowa Lottery to start making some payments via debit cards

State liquor sales appear to have returned to pre-pandemic level

TwitterFacebook
Tweets by RadioIowa

No. 2 Iowa visits No. 1 Penn State in wrestling dual Friday night

Iowa’s Clark brings increased exposure to women’s basketball

No. 18 Iowa State women visit TCU

Northern Iowa men host Valparaiso

No. 12 Iowa State hosts No. 5 Kansas State

More Sports

Archives

Copyright © 2023 ยท Learfield News & Ag, LLC