Text: HF02086 Text: HF02088 Text: HF02000 - HF02099 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. Section 476.42, subsection 3, Code 1995, is
1 2 amended by striking the subsection.
1 3 Sec. 2. Section 476.43, Code 1995, is amended by striking
1 4 the section and inserting in lieu thereof the following:
1 5 476.43 ALTERNATE ENERGY PURCHASE.
1 6 An electric utility shall purchase any energy which is made
1 7 available from an alternate energy production facility or
1 8 small hydro facility at a rate which does not exceed the
1 9 avoided costs to the electric utility of the alternate energy
1 10 purchase. For purposes of this section "avoided costs" means
1 11 the incremental costs to an electric utility of electric
1 12 energy, capacity, or both, which, but for the purchase from
1 13 the alternate energy production facility or small hydro
1 14 facility, the electric utility would generate itself or
1 15 purchase from another source.
1 16 Sec. 3. Section 476.44, subsection 2, Code 1995, is
1 17 amended by striking the subsection.
1 18 Sec. 4. APPLICABILITY TO EXISTING CONTRACTS. This Act
1 19 shall not affect a contract between an alternate energy
1 20 production facility or small hydro facility and an electric
1 21 utility that was entered into pursuant to sections 476.43 and
1 22 476.44 for purchase of alternate energy if the contract was
1 23 entered into prior to the effective date of this Act.
1 24 Sec. 5. CONDITIONAL REPEAL. In the event that the federal
1 25 requirements for purchase of alternate energy contained in 16
1 26 U.S.C. } 824a-3 are repealed, section 476.43 is repealed.
1 27 Sec. 6. EFFECTIVE DATE. This Act, being deemed of
1 28 immediate importance, takes effect upon enactment.
1 29 EXPLANATION
1 30 This bill repeals current alternate energy purchasing
1 31 requirements and instead requires that an electric utility
1 32 purchase any energy which is made available from an alternate
1 33 energy production facility or small hydro facility at a rate
1 34 which does not exceed the avoided costs to the electric
1 35 utility of the alternate energy purchase. For purposes of
2 1 this section "avoided costs" means the incremental costs to
2 2 the electric utility of the electric energy, capacity, or
2 3 both, which, but for the purchase from the alternate energy
2 4 production facility or small hydro facility, the electric
2 5 utility would have generated or purchased from another source.
2 6 Current law requires each of the investor-owned electric
2 7 utilities to purchase a portion of their 105-megawatt share of
2 8 alternate energy at a rate determined by the Iowa utilities
2 9 board.
2 10 The bill provides that repeal of the current alternate
2 11 energy purchasing requirements does not affect a contract
2 12 between an alternate energy production facility or small hydro
2 13 facility and an electric utility that was entered into prior
2 14 to the repeal of those requirements. The bill makes several
2 15 conforming changes.
2 16 The bill provides that in the event the federal government
2 17 repeals their alternate energy purchasing requirements, the
2 18 requirements of this Act shall be repealed.
2 19 The bill is effective upon enactment.
2 20 LSB 3537HH 76
2 21 js/cf/24
Text: HF02086 Text: HF02088 Text: HF02000 - HF02099 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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