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Supreme Court upholds utility rate ruling on unneeded Louisa plant
Iowa Supreme Court rules 7 to 0 that the Iowa Commerce Commission acted within a zone of reasonableness in denying a profit return on the 650 megawatt coal plant in Louisa County built by Iowa Illinois Gas and Electric Co. The decision preserves costs for consumers while allowing recovery of direct investment, but denies stockholders a return on excess capacity. The court rejects challenges by the Office of the Consumer Advocate and addresses tax calculations used in the rate decision.
MENTIONED IN THIS ARTICLE
Judy Vauvenmie
Gazette
Des Moines Bureau
DES Moines
Iowa Commerce Commission
Davenport
Louisa County
Iowa Supreme Court
Supreme Court
Iowa Illinois Gas and Electric Co
Iowa Utilities Board
Iowalinois
Towa
Illinois
Commission
Town.llinois
K. David Harris
Louisa
Office of the Consumer Advocate
Consumer Office