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Iowa American Water receives IUB approval for rate adjustment

Feb 27, 2017 - Marketline Newswire

Iowa American Water has announced that the Iowa Utilities Board (IUB) has issued an order adjusting rates for the company.

Iowa American Water's investment of approximately $38 million in water system improvements is the primary driver behind the rate change request. In its final rate order, the IUB approved an overall increase in additional annual revenue of $3.9 million or 10.37 percent. This final order amount includes the previous temporary rate increase of $2.1 million that was im...