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Iowa American Water Requests Rate Increase

DAVENPORT, Iowa, Apr 29, 2016 (BUSINESS WIRE) -- Iowa American Water Company filed an application with the Iowa Utilities Board (IUB) today to adjust the rates its customers pay for water service in its Clinton and Iowa Quad Cities service areas. The utility’s last request for a water rate increase was in April 2013.

Iowa American Water’s investment of over $38 million in water system improvements is one of the primary drivers behind the rate request. All of the investments made in local water infrastructure systems enhance water quality, service reliability and fire protection for customers while keeping the cost of water service for most local households at about one penny per gallon.

“Since our last rate case, Iowa American Water has continued to implement efficiencies and best practices throughout the business to reduce our operations and maintenance expenses,” said Iowa American Water President Randy Moore. “This has enabled us to reduce our operating expenses through December 2015 by almost 10 percent or $1.7 million.”

In addition, Moore notes that proactive water system upgrades save money in the long run. “By continually improving our water systems, we help reduce the frequency of service interruptions and enhance fire protection,” he said.

The need to upgrade water systems is a national issue. The American Society of Civil Engineers says that an estimated $1 trillion in capital spending will be needed across the nation over the next few decades to replace thousands of miles of pipe, upgrade treatment plants and comply with stricter water quality standards.

Some of Iowa American Water’s largest projects and investments include:

  • About $13.6 million...