Three More Years, Three More Years!

According to the Gazette Online, MidAmerican Energy has been given three more years to equalize electric rate disparities between its three Iowa service territories.

The Iowa Utilities Board ordered MidAmerican in 2006 to file a rate
equalization plan for all customer classes by mid-2009, and implement the plan
starting in 2011.

Now MidAmerican will have until 2014, when its current revenue requirement
freeze expires, to begin equalizing rates under a board order issued this
week.

Rates are lowest in the utility's northern zone, which includes Waterloo
and Sioux City. Rates in the eastern zone, which includes Iowa City, and
southern zone, which includes Des Moines, are both higher than in northern zone
rates.