The Ia. Utilities Board (IUB) denied an Ia. Telecom residential l...
The Ia. Utilities Board (IUB) denied an Ia. Telecom residential local rate increase but allowed an increase for local business service. The decision means Ia. Telecom can increase its local business rate by $2.17, to $37.96 monthly, to account…
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for inflation. Ia. Telecom unsuccessfully sought a residential increase of $1.60, to $19.99. The IUB said the state price-cap regulation law imposed a “hard” cap of $19 monthly for residential service. Ia. Telecom argued that inflation-based increases were exempt from the $19 cap, but the IUB said its reading of the law allows no residential increase above $19 for any reason prior to June 2008. The law also has a $38 hard cap on business rates, but since Iowa Telecom’s new business rate is below the cap, the IUB could approve it.