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Alliant Energy seeks cost recovery for its investments in Minnesota's clean energy future


Mon, May 3rd, 2010
Posted in Business Announcements

Albert Lea, Minnesota - May 3, 2010 - Interstate Power and Light Company (IPL), a subsidiary of Alliant Energy Corporation (NYSE: LNT), will file later this week a request with the Minnesota Public Utilities Commission (MPUC) to increase its Minnesota retail electric rates. IPL's request seeks to increase annual revenues by approximately $15 million, or 22 percent. The impact of the proposed change in electric rates will vary depending on customer class.



"Over the past five years, our company has invested more than $1 billion to lessen our impact on the environment and further the safety and reliability of the energy service we proudly provide our Minnesota customers with each day," says Tom Aller, President-IPL. "We are committed to helping Minnesota pursue a cleaner energy future with our investments in the Whispering Willow-East Wind Farm and power plant emission reduction controls. Also, we recognize the important role safe and reliable electric service plays in our customers' daily lives and communities' ability to pursue economic development opportunities."



Customer impact



The company expects the proposed change in electric rates to impact customers' electric bills in two stages - interim and final rates.



Interim rates

The MPUC has sixty days after IPL's filing to issue a decision on the company's request to implement interim rates. IPL anticipates implementing interim rates, if approved, in July 2010. IPL expects interim rates to increase annual electric revenues by approximately $14 million, or 21 percent.



For residential customers, IPL expects interim rates to increase the typical monthly electric bill by approximately $14.96 or 21.85 percent. The impact is based on a monthly energy usage of about 714 kilowatt-hours for residential customers.



Final rates

Interim rates will remain in effect until the MPUC issues a final decision on the company's electric rate request, expected in the second quarter of 2011. If the final electric revenues approved by the MPUC are lower than the interim revenue levels, IPL will issue refunds equal to the difference between the interim and final rate levels, plus interest.



"We recognize that economic conditions are difficult at this time and we continue to seek ways to manage our costs while continuing to provide safe, reliable and clean energy service," adds Aller. "While our investments in re .....
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Sign a 2x4 and help build homes in Fillmore County!

Mon, May 3rd, 2010
Posted in Business Announcements

RUSHFORD, Minn. - This week you will start to see green painted 2x4s around the county to raise awareness and funds for the Habitat for Humanity twin home being built in Rushford. Let's surround these two families with boards of support from the comm ..... 
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Green Gables Inn 15 Year Anniv Open House

Mon, Apr 26th, 2010
Posted in Business Announcements

You are invited to Green Gables Inn 15 Year Anniversary with an Open House on Thurs, April 29 at 5 pm.

Please come and celebrate with us!

Green Gables Inn

Jackie Rehm

303 W Sheridan St

Lanesboro, MN

Let me in ..... 
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2010 housing incentives for city of Preston

Fri, Apr 23rd, 2010
Posted in Business Announcements

The city of Preston is offering a housing incentive program that will help people who want to purchase either a new or existing single family home or remodel an existing home that is located within the corporate city limits of Preston. According to ..... 
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Kris new to Journal team

Fri, Apr 23rd, 2010
Posted in Business Announcements

The Journal is proud to announce Kris Kalstabakken as our new sales representative for the Chatfield, Fountain, Spring Valley and Wykoff areas. She started at the Journal in November, adding to her experience with the introduction of SMG Web Design. ..... 
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Grundman joins SMG Computer Solutions

Fri, Apr 23rd, 2010
Posted in Business Announcements

Tyler Grundman has recently joined SMG Web Design as well as facilitating the launch of a sister company, SMG Computer Solutions, an area of business focused on computer repair. Serving as a web developer and lead technician, Tyler has roots in Fill ..... 
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Thrivent Financial moves up 67 spots to 342nd on Fortune 500 list

Tue, Apr 20th, 2010
Posted in Business Announcements

MINNEAPOLIS (April 20, 2010) - For the 16th consecutive year, Thrivent Financial for Lutherans has been named to Fortune magazine's Fortune 500 list based on annual revenues. The organization moved up 67 spots in the 2010 ranking to become the 342nd ..... 
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Davids Achieves Membership in Million Dollar Round Table

Fri, Apr 16th, 2010
Posted in Business Announcements

Outstanding client service, ethics and professionalism have enabled Gregory Davids of Preston, MN, to achieve membership in the prestigious Million Dollar Round Table - the Premier Association of Financial Professionals. ® Davids is a four-year ..... 
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County awarded funds

Fri, Apr 9th, 2010
Posted in Business Announcements

The National Board of the Emergency Food and Shelter Program has awarded $11,851 to Fillmore County. The money is used to provide emergency food and shelter to people in need of them. The local board is made up of Women's Resources, Workforce Develo ..... 
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