EXHIBIT 23 CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS As independent public accountants, we hereby consent to the incorporation of our report included in this Form 10-K into IES Utilities Inc.'s previously filed Form S-3 Registration Statement (File No. 33-68796) and Form S-3 Registration Statement (File No. 33-44154). ARTHUR ANDERSEN LLP Chicago, Illinois, March 29, 1995