A new preliminary feasibility study found that the initial costs to start up a municipal electric utility (MEU) in Decorah are estimated to be $85.6 million. The study also forecasts ongoing costs to operate the MEU would total $16.5 million per year, assuming a 2029 start date, escalating to $31.1 million per year by 2049.
The study was conducted by Concentric Energy Advisors and released on February 5, 2025.
(click to enlarge)
In addition, our rates are projected to remain lower than the rates of a Decorah MEU (tan line below) for at least the next two decades. Debt service costs alone are estimated at $109 per customer per month ($1,300 annually) beginning in 2029.
(click to enlarge)
Don’t gamble with an inexperienced start-up energy company.
Alliant Energy is a trusted, proven partner with 100+ years of experience delivering consistent, reliable, affordable energy in Decorah and across Iowa.
