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You are here: Home / Politics / Govt / Consumer Advocate says Interstate Power should lower rates

Consumer Advocate says Interstate Power should lower rates

July 29, 2002 By admin

The state’s Consumer Advocate is asking the Iowa Utilities Board to reduce electric rates for Interstate Power and Light Company. Interstate is a subsidiary of Alliant Energy serving central and eastern portions of the state. The company had asked for an 82-million dollar rate increase — but that’s not what Consumer Advocate John Perkins is recommending. Perkins says Interstate should decrease rates and give customers back six-point-three million dollars. Perkins says one area of disagreement is the amount of profit the company should make on electric sales.He says Interstate should be allowed only a nine-point-six percent profit, compared to their request of over 12-percent. Perkins also opposes Interstate’s request to recover costs they haven’t incurred yet. Perkins says that would be a change in past practice for the Utilities Board. The Utilities Board has already scheduled a hearing on the case in October, and a final decision on the rate would come in January.

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Filed Under: Politics / Govt Tagged With: Utilities

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