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Iowa regulators approved a smaller rate hike for Iowa American Water, bringing in about $59.7 million annually.
The Iowa Utilities Commission has approved a rate increase for Iowa American Water, but it's less than the company initially requested.
The new rates will bring in about $58.7 million annually for water service and $1 million for wastewater service.
The exact increase and start date depend on the utility filing new documents.
This decision follows a request for higher rates to fund infrastructure projects.
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Los reguladores de Iowa aprobaron un aumento de tasas más pequeño para Iowa American Water, generando alrededor de $ 59.7 millones anuales.