MidAmerican Energy asking for a new natural gas fee for capital investment

MidAmerican Energy has filed a request with the Iowa Utilities Commission seeking approval to add a capital investment charge to the bill of Iowa residential gas customers.

MidAmerican spokesman Geoff Greenwood says the charge would be .4%.  “The capital investment charge helps cover costs that Mid-American has already paid out that are associated with certain natural gas system costs such as safety and compliance and some other requirements that are imposed upon us by local governments,” he says.

Greenwood says there are several items the money would cover. Pipe relocation, that’s one example due to a local project such as a street improvement. There also are some compliance changes that are requiring investment by the company that we’ve already made, so that is another charge that is eligible for this cost recovery,” he says.

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