CEDAR RAPIDS, Iowa (KCRG) – Four organizations have formed a an advocacy group calling for reform in the way utility companies set rate increases. The entities that make up the group are Iowa Business Energy Coalition, Iowa Economic Alliance, Iowa Business for Clean Energy, and Large Energy Group. Although the coalition doesn’t have a group name.
The group cited Alliant Energy’s most recent rate increase as a concern for both residents and businesses. Alliant’s increase was approved by the Iowa Utilities Commission back in Sept. In a news release, the group called Alliant a monopoly.
According to the U-S Energy Information Administration, Alliant had the highest electric rates in all of Iowa in 2023. And Iowa’s average rate was higher than 37 other states…