Text: SF00264 Text: SF00266 Text: SF00200 - SF00299 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 476.1A, unnumbered paragraph 3, Code 1 2 1995, is amended to read as follows: 1 3 However, sections 476.20, 476.21,476.41 through 476.441 4 476.42, 476.43, 476.51, 476.56, 476.62, and 476.66 and 1 5 chapters 476A and 478, to the extent applicable, apply to such 1 6 electric utilities. 1 7 Sec. 2. Section 476.1B, subsection 1, paragraph g, Code 1 8 1995, is amended to read as follows: 1 9 g. Encouragement of alternate energy production 1 10 facilities, as set forth in sections476.41 through476.42, 1 11 476.43, and 476.45. 1 12 Sec. 3. Section 476.42, subsection 3, Code 1995, is 1 13 amended by striking the subsection. 1 14 Sec. 4. Section 476.43, subsections 1 and 2, Code 1995, 1 15 are amended by striking the subsections and inserting in lieu 1 16 thereof the following: 1 17 1. The board shall require electric utilities to enter 1 18 into long-term contracts to purchase electric energy from 1 19 alternate energy production facilities or small hydro 1 20 facilities. 1 21 2. The rates for purchases under this section shall not 1 22 exceed the incremental costs to the electric utility of 1 23 alternative electric energy. For purposes of this section, 1 24 "incremental cost" means the cost to the electric utility of 1 25 the electric energy which, but for the purchase from the 1 26 alternate energy production facility or small hydro facility, 1 27 the electric utility would have generated or purchased from 1 28 another source. 1 29 Sec. 5. Sections 476.41 and 476.44, Code 1995, are 1 30 repealed. 1 31 Sec. 6. Notwithstanding the repeal of sections 476.41 and 1 32 476.44, and the amendment of section 476.43, the Iowa 1 33 utilities board shall continue to allow, until the termination 1 34 of contracts between an electric utility and an alternate 1 35 energy production facility or a small hydro facility in effect 2 1 on the effective date of this Act, the recovery of costs 2 2 incurred. 2 3 Sec. 7. This Act, being deemed of immediate importance, 2 4 takes effect upon enactment. 2 5 EXPLANATION 2 6 This bill strikes the existing procedure for determining 2 7 rates for purchase of alternate energy and replaces it with 2 8 similar provisions which are used for determining rates for 2 9 non-rate-regulated electric utilities under federal law. The 2 10 bill directs the utilities board that the rates for purchase 2 11 of alternate energy cannot exceed the incremental costs to the 2 12 electric utility of alternative electric energy. For purposes 2 13 of this section, "incremental cost" means the cost to the 2 14 electric utility of the electric energy which, but for the 2 15 purchase from the alternate energy production facility or 2 16 small hydro facility, the utility would generate or purchase 2 17 from another source. 2 18 In addition the bill repeals section 476.41 which declares 2 19 that it is the policy of the state to encourage development of 2 20 alternate energy production facilities and small hydro 2 21 facilities. It also repeals section 476.44 which requires 2 22 that investor-owned electric utilities must purchase shares of 2 23 105 megawatts of power from an alternate energy production 2 24 facility or a small hydro facility. 2 25 The bill directs the utilities board to continue to allow 2 26 the recovery of costs incurred until contracts are terminated 2 27 between an electric utility and an alternate energy production 2 28 facility or small hydro facility. 2 29 The bill is effective upon enactment. 2 30 LSB 2308SS 76 2 31 js/cf/24
Text: SF00264 Text: SF00266 Text: SF00200 - SF00299 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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