Alliant Energy customers in Iowa to see continued low costs for heating

Investments in gas system ensure customers receive safe, reliable and affordable service

 

CEDAR RAPIDS, Iowa – December 14, 2018 – Alliant Energy’s Iowa gas customers will see little to no change in the costs for safe and reliable natural gas service. This week, the Iowa Utilities Board approved a rate review request filed by Alliant Energy.

“Our customers will continue to benefit from the work we are doing to maintain more than 5,000 miles of natural gas pipelines in Iowa,” said Terry Kouba, vice president of Iowa operations for Alliant Energy. “We’re replacing older materials, enabling more efficient safety inspections and expanding service for customers.”

The company has held natural gas rates steady for six years. The approved increase is approximately six percent. However, due to a number of factors, customer will see minimal changes. The chart below details historical and future typical residential monthly natural gas bills.

Typical monthly residential natural gas bill chart

Customers are already seeing part of this increase on their bill today as interim rates went into effect in May. When final rates start in early 2019, residential customers will only see a one percent increase over current rates. That’s about $1.50 a month for typical bills, lifting the total to around $57 a month. That’s significantly lower than the $66 typical monthly bills customers saw in 2012. The decrease is due to several reasons including lower costs for natural gas, reduced usage from customers and savings from lower corporate taxes.

Customers can save more by investing in energy efficiency. Details on rebates and programs are available at alliantenergy.com/rebates. Customers can also enroll in budget billing to make bills more predictable each month by visiting alliantenergy.com/budgetbilling.