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Alliant Proposes 14% Electric Rate Hike

Posted: Thursday, March 11th, 2010 at 7:09 am

Alliant Energy is asking state regulators to allow them to raise their electric rates by roughly 14%. The proposal calls for the implementation of an interim increase of 10-percent, which is expected to take effect later this month. That rate would be in effect until the Iowa Utilities Board issues a decision on the company’s request. Alliant says they are asking for the increase after making a nearly one-billion dollar investment in clean energy initiatives and more reliable distribution systems.