Mayuri Farlinger, President – Alliant Energy’s Iowa energy company & Vice President – Operations, provided the following comments regarding the IUC’s decision.
“We appreciate the Iowa Utilities Commission’s approval of our rate adjustments. This decision stabilizes customer base rates until the end of the decade, driving affordability and predictability for our customers and the communities we serve in Iowa.
While providing long-term rate stability, we remain committed to cost-effectively meeting customers’ energy supply needs. Investing in a diverse energy mix and modernizing the energy grid delivers a more reliable, sustainable, resilient and secure energy future. The IUC’s decision positions us to accomplish this as we continue planning ahead, acting on behalf of our customers to ensure we’re ready to manage the rapidly changing energy landscape.
The IUC’s decision also paves the way for substantial economic development and community growth. Implementation of an individual customer rate for large business customers provides us greater flexibility to offer even more competitive rates designed to attract new, large customers to the state and drive economic development in Iowa. Growing our customer base further spreads out costs and positively impacts all customers and communities we serve.”
New rates are anticipated to take effect in October. When the new rates are implemented, customers will receive information that outlines how this decision impacts their monthly bill moving forward.
Alliant Energy Corporation (NASDAQ: LNT) provides regulated energy service to 1 million electric and 425,000 natural gas customers across Iowa and Wisconsin. Alliant Energy's mission is to deliver energy solutions and exceptional service customers and communities count on – safely, efficiently and responsibly. Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL) are Alliant Energy's two public energy companies. Alliant Energy is a component of Bloomberg’s Gender-Equality Index and the S&P 500. For more information, visit alliantenergy.com and follow Alliant Energy on LinkedIn, Facebook, Instagram and X.