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Article: IOWA-AMERICAN TO COLLECT LESS THAN SOUGHT FOR FINAL RATES, LESS THAN TEMPORARY RATES
- Article from:
- US Fed News Service, Including US State News
- Article date:
- October 12, 2009
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DES MOINES, Iowa, Oct. 9 -- The Iowa Utilities Board issued the following news release:
The Iowa Utilities Board (IUB) has issued an order approving a settlement putting Iowa-American Water's permanent rate revenue below the temporary rates that are currently being collected from its customers and at about $3.4 million less than its original asking. The settlement agreement negotiated by the Office of Consumer Advocate, which represents consumers generally in rate cases, and Iowa-American, allows a $6.06 million annual revenue increase over the previous rates, which is approximately $758,000 less than temporary rates in effect since July.
Iowa-American had requested an overall permanent ...