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August 07, 2014 05:25 PM

MidAmerican Energy Looks To Raise Rates

MidAmerican Energy is looking to raise rates.

The company has filed paperwork with the PUC, and is waiting to hear back on the proposed 3-percent increase.

For customers in South Dakota, the increase would be about a dollar more a month.

MidAmerican says it's held costs steady for a decade, but with more customers in the state, the company needs to make a change.

"During those ten years, the consumer price index increased 26-percent. We're asking for 3.5-percent rate increase. So while we know nobody likes rate increases or paying more, we've held it to a very modest level," Ruth Comer, with MidAmerican said.

The total increase for MidAmerican will be $2.9 million.

  • Business
  • Gas & Energy
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