(Undated)– Interstate Power and Light Company has been given the green light to keep buying electricity generated by a nuclear plant in eastern Iowa.
The Iowa Utilities Board voted unanimously today (Wed.) to allow IPL to amend and extend its long-term contract to purchase electricity from the Duane Arnold Energy Center in Palo. It is a verbal decision that becomes final after a formal order from the board.
The power agreement between IPL and NextEra Duane Arnold, LLC now extends by about 12 years. Electricity rates will remain the same until the new contract becomes effective in February 2014. It’s unclear whether IPL will have a rate increase then.
IPL is the Iowa utility subsidiary of Alliant Energy.
(From the Associated Press.)
