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Alliant Energy claims customers in Iowa will receive $180 million in savings over five years from “new energy law”

CEDAR RAPIDS – The new energy efficiency plan for Alliant Energy’s Iowa customers will provide direct financial savings on their monthly energy bill, the company said Tuesday. The plan will also provide cost-effective options to help electric and natural gas customers reduce their energy usage.

Tuesday, the Iowa Utilities Board (IUB) approved the company’s energy efficiency plan for 2019-2023. This plan builds on the company’s nearly 30-year history of offering options and tools to help customers become more energy efficient. This final order ties directly to the enactment of comprehensive energy legislation, Senate File 2311, from the 2018 state legislative session.

Iowa’s new energy law reduces customer fees charged for state required energy efficiency programs, maintains the state’s leadership in renewable energy and provides more opportunities for business growth and job creation. Alliant Energy’s new energy efficiency plan is also expected to save customers 611 million kWh of electricity and 2.5 million therms of natural gas.

“Alliant Energy’s new energy efficiency plan will help Iowa families and businesses realize approximately $180 million in savings on their energy bills over the next five years while continuing to provide access to energy efficiency programs that reduce energy usage,” said Terry Kouba, President of Alliant Energy’s Iowa energy company. ”I would like to thank lawmakers for supporting Iowa’s new energy law, which directly helps our customers keep more of their money.”

Customers will be able to take advantage of the expanded or new energy efficiency programs on April 1. Details on the programs will be available at alliantenergy.com/rebates. The reduction in energy efficiency charges is expected to be reflected on customer bills beginning in June 2019 under the line item Energy Efficiency Programs Charge.

In addition, lower fees for state required energy efficiency programs are already reflected in the proposed rate review the company recently filed with the IUB. This is one of many items reducing the total on customer bills. Customers can find information on this request at alliantenergy.com/iowarates.

Meanwhile, Alliant Energy is seeking rate increases and says gas and electric “base rates will go up” by as much as 24% or more, making many Iowans furious.

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