The Iowa Utilities Board begins hosting eight public meetings Thursday on the proposed electric rate increase requested by MidAmerican Energy. IUB spokesman, Rob Hillesland, says the first meeting is Thursday in Iowa City at the public library.
“MidAmerican filed a petition to increase its permanent base rates to generate approximately 135-point-six million dollars additional revenue annually. And they are proposing that that be phased in over three years, and so the board has 10 months — or until March 17th of 2014 I believe — to make a decision that permanent rate proposal,” Hillesland says.
The process allows MidAmerican to start collection a temporary rate pending the approval of the board. “Temporary rates are approved and then if the final rate decision is a lower amount, customers could be refunded temporary rates plus interest,” Hillesland says.
He says the board has three months to make a decision on approving the temporary rate — which would be August 15th of this year. The request for the permanent rate increase is not connected to MidAmerican’s decision to refund money to customers that was not used in its study of the feasibility of building a new nuclear power plant.
Hillesland says it is also not related to MidAmerican’s announcement that it will lower rates as the company builds new wind power turbines. The upcoming meetings are for comment on this proposed rate increase.
“And customers are also welcome to talk generally about the quality of service that they feel the utility provides to them, or to other customers, or to their business or whatever,” Hillesland says. If you can’t make one of the public meetings, you can provide written comments.
You can e-mail comments to [email protected] or you can leave comments on the IUB’s website comment form at:www.iub.iowa.gov. Or you can send regular mail with comments to : Iowa Utilities Board,, Docket No. RPU2013-0004, 1375 E. Court Avenue, Room 69, Des Moines, Iowa 50319-0069.
All of the public meetings begin at 5:30. Here are the schedules for the seven other meetings:
Des Moines: Monday, June 17, 2013, Iowa Utilities Board/Office of Consumer Advocate Building.
Storm Lake: Tuesday, June 18, 2013, King’s Pointe Resort, Rooms A and B, 1520 E. Lakeshore Drive.
Council Bluffs: Monday, June 24, 2013, Council Bluffs Public Library, Room B, 400 Willow Avenue.
Sioux City: Tuesday, June 25, 2013, Briar Cliff University, Stark Student Center, Clare Room, 3303 Rebecca Street.
Davenport: Wednesday, June 26, 2013, Modern Woodmen Park, 3rd Floor Suite Level, 209 S. Gaines Street.
Waterloo: Thursday, June 27, 2013, Petersen Town Hall, Waterloo Center for the Arts, 225 Commercial Street.
Fort Dodge: Tuesday, July 2, 2013, Best Western Starlite Village Inn and Suites, 1518 3rd Avenue NW.