Alliant Energy – Interstate Power and Light Company requested permission from the Minnesota Public Utilities Commission (MPUC) to increase its electric rates by $15 million, or approximately 22 percent overall. The Minnesota Public Utilities Commission (MPUC) has approved a final increase in the retail base rates Interstate Power and Light Company (IPL) charges for electric service of approximately $10.2 million, including a renewable energy rider – an average of 13 percent. The new rates were effective on February 17, 2012.
Because final rates were lower than those assessed during the interim period of July 6, 2010 to February 16, 2012, most customers will receive a refund. Refunds are expected to appear as bill credits on customer bills in March, April or May 2012. While the refund varies by usage, the average refund for residential customers is expected to be between $35-40.
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