The cost of living in the Iowa Quad Cities and Clinton will go up soon. Friday the Iowa American Water Company announced it's filed for a rate increase of about 5 dollars per month, or 15 per cent, and will implement an interim increase of 2-dollars and 33-cents, or 7 per cent, on May 9th.
Company president Randy Moore says it's been three years since the last rate hike, and since then Iowa American has invested million of dollars in its equipment and system, and cut expenses by 10 per cent.
Currently customers in the Iowa Quad Cities and Clinton pay 33 dollars per month ($33.26), and if the full request is granted by the Iowa Utilities Board, that would go up to 38 dollars ($38.36).
Three years ago, Iowa American was granted a 7 per cent increase, or about 2-dollars and 33-cents per month.
The Utilities Board will hold public hearings on the request next month in the Quad Cities (5/23) and Clinton (5/24), and in Dixon, Iowa in June (6/14).
The board has up to ten months to make a final decision.
