(Rapid City, S.D.)– Your natural gas bill may be about to go up.
Black Hills Energy is seeking a 2.9 percent increase for its natural gas customers in Iowa.
The company has filed for a 4.7 million increase in revenues with the Iowa Utilities Board. The company, which serves many local communities including a large part of the Iowa Great Lakes, says the increase is necessary to recover the cost of capital investments in its Iowa distribution system and other expenses.
Vice President Trace Peterson says the company has spent $17.2 million in Iowa since 2008 to replace pipe and other equipment.
Peterson says if the request is approved, the average monthly bill would go up by $2.26 for residential customers and $3.65 for commercial customers.
(From the Associated Press).
