MidAmerican Energy filed for substantial rate increases here in Iowa - 13.2% for residential, 9.7% for commercial starting June 2024. The new rate schedules are significantly different from current structure. Has anyone started analyzing the potential audit implications? The tariff changes look complex enough to create billing system issues.
Anyone tracking Iowa rate increases for 2024?
Dana, I'm in Des Moines and been tracking this closely. The new Schedule LGS-2 has completely restructured demand charges and added seasonal variations that weren't there before. Already identifying potential issues with how they plan to implement the transition. The 90-day overlap period between old and new rates creates opportunities for billing errors.
Quick follow-up - MidAmerican's implementation started this month and I'm already seeing calculation errors on commercial accounts. The new demand ratchet provisions aren't being applied correctly. If you're working Iowa accounts, start checking bills from June forward. There's money to be made here.