8-K

              SECURITIES AND EXCHANGE COMMISSION
                               
                    Washington, D.C. 20549



                           FORM 8-K



                        CURRENT REPORT



              Pursuant to Section 13 or 15(d) of
              The Securities Exchange Act of 1934



 Date of Report (Date of earliest event reported):  May 15, 1995




                      IES UTILITIES INC.
    (Exact name of registrant as specified in its charter)





     Iowa                              0-4117-1             42-0331370
(State or other jurisdiction         (Commission         (I.R.S. Employer
 of incorporation)                    File No.)           Identification No.)



    IES Tower, Cedar Rapids, Iowa                               52401
(Address of principal executive offices)                     (Zip Code)



Registrant's  telephone number, including area code:  319-398-4411


Item 5.  Other Events.

      The  Iowa  Utilities Board (Board) issued its Final Decision
and Order (Order) in the Company's electric pricing case on May 12,
1995. The  Company  is  a wholly-owned   utility  subsidiary  of
IES  Industries   Inc. (Industries). The Order requires an annual
reduction in electric revenues of $16.9 million.

       Reference  is  made  to  Note  2(a)  of  the  Notes  to
Consolidated Financial Statements included in the registrant's
Form 10-Q for the quarter ended March 31, 1995.

     The  Press Release announcing the results of the Board's Order
is  attached  hereto and incorporated  by  reference herein.


Item 7.  Financial Statements, Pro Forma Financial Information
         and Exhibits.

(c)  Exhibits

     99  IES Utilities Inc. Press Release dated May 15, 1995.



                          SIGNATURES
                               
                               

      Pursuant to the requirements of the Securities  Exchange
Act of 1934, the registrant has duly caused this report to  be
signed  on  its  behalf  by  the  undersigned  thereunto  duly
authorized.





                                       IES UTILITIES INC.
                                          (Registrant)




                       By /s/         Blake O. Fisher, Jr.
                                          (Signature)
                                      Blake O. Fisher, Jr.
                               President, Chief Operating Officer
                                   & Chief Financial Officer



Date  May 15, 1995

EX-99

For Release: May 15, 1995

Contact: Diane Ramsey
              (319) 398-7288

Broadcast Line Actuality: 1-800-972-5321


IES UTILITIES TO REQUEST RECONSIDERATION OF BOARD DECISION

     CEDAR RAPIDS, IOWA -- On May 12, 1995, the Iowa Utilities
Board (Board) issued its final order in the IES Utilities Inc.
electric pricing case, requiring IES to reduce its rates by
$16.9 million. After reviewing the order, IES has decided to
ask the Board to reconsider elements of its decision.
     "We are very disappointed with the Board's decision,"
said Diane Ramsey, IES Manager of Corporate Communications.
"As the law provides, we have decided to exercise our option
to ask the Board for a rehearing of its decision. We feel this
will give us a chance to respond to its decision on issues in
the case now that we know the Board's position in several
crucial areas."
     In addition, the company is evaluating and will implement
cost reduction measures in its operations and construction
activities to partially mitigate the impact of the Board's
decision. "In taking these measures, we intend to minimize any
impact on safety to our employees or customers and minimize
any negative impact on the level of service to our customers,"
Ramsey said.

IES Utilities To Request Reconsideration -- Page Two

     In its final order on the pricing case, the Board
required IES Utilities to reduce its annual revenue in the
company's northern and southeastern zones. (The northern zone
comprises the former Iowa Electric Light and Power Co. service
territory and the southeastern zone comprises the former Iowa
service territory of Union Electric Co.) At the same time, the
Board will not allow any overall price increase in the
company's southern zone, the former Iowa Southern Utilities
Co.
     IES has until June 1 to formally file its request for a
rehearing. Ramsey stressed that no prices will change until
the issues in the case have been decided.