Text: H01414 Text: H01416 Text: H01400 - H01499 Text: H Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend the amendment, H-1398, to House File 577, as 1 2 follows: 1 3 #1. By striking page 1, line 1, through page 2, 1 4 line 6, and inserting the following: 1 5 "Amend House File 577 as follows: 1 6 # . Page 1, line 10, by striking the word 1 7 "subsections" and inserting the following: 1 8 "subsection". 1 9 # . By striking page 1, line 11, through page 2, 1 10 line 30. 1 11 # . Page 4, by inserting after line 35, the 1 12 following: 1 13 "Sec. . Section 476.8, Code 2001, is amended to 1 14 read as follows: 1 15 476.8 UTILITY CHARGES AND SERVICE. 1 16 1. Every public utility is required to furnish 1 17 reasonably adequate service and facilities. 1 18 a. "Reasonably adequate service and facilities" 1 19 for public utilities furnishing gas or electricity 1 20 includes programs for customers to encourage the use 1 21 of energy efficiency and renewable energy sources. 1 22 b. The charge made by any public utility for any 1 23 heat, light, gas, energy efficiency and renewable 1 24 energy programs, water or power produced, transmitted, 1 25 delivered or furnished, or communications services, or 1 26 for any service rendered or to be rendered in 1 27 connectiontherewithwith such service shall be 1 28 reasonable and just, and every unjust or unreasonable 1 29 charge for such service is prohibited and declared 1 30 unlawful. In determining reasonable and just rates, 1 31 the board shall consider all factors relating to value 1 32 and shall not be bound by rate base decisions or 1 33 rulings made prior to the adoption of this chapter. 1 34 2. The board shall have the authority to order a 1 35 rate-regulated public utility to construct an electric 1 36 generating facility, transmission facility, or both, 1 37 as necessary to ensure continued electric reliability, 1 38 and to maintain reasonably adequate, reliable, safe, 1 39 and cost-efficient electric service to Iowa consumers. 1 40 The prudent and reasonable costs incurred to construct 1 41 and operate such generating facility or transmission 1 42 facility shall be included in the determination of the 1 43 rates of the rate-regulated public utility. 1 44 3. The board, in determining the value of 1 45 materials or services to be included in valuations or 1 46 costs of operations for rate-making purposes, may 1 47 disallow any unreasonable profit made in the sale of 1 48 materials to or services supplied for any public 1 49 utility by any firm or corporation owned or controlled 1 50 directly or indirectly by such utility or any 2 1 affiliate, subsidiary, parent company, associate or 2 2 any corporation whose controlling stockholders are 2 3 also controlling stockholders of such utility. The 2 4 burden of proof shall be on the public utility to 2 5 prove that no unreasonable profit is made. 2 6 4. The continued availability of reliable and 2 7 affordable electricity is critical to sustaining 2 8 existing levels of economic activity, providing for 2 9 future economic growth, and ensuring the education, 2 10 health, safety, and quality of life of individual 2 11 Iowans. Therefore, the general assembly finds and 2 12 declares that the public interest requires that the 2 13 board take such action as is necessary to cause the 2 14 construction of additional baseload electricity 2 15 generating capacity and necessary transmission 2 16 facilities in Iowa. 2 17 a. Each rate-regulated public utility shall submit 2 18 a plan to the board by April 1, 2002, to construct one 2 19 or more large baseload electricity generating 2 20 facilities in Iowa, as quickly as is practicable. 2 21 b. The board shall, after a contested case 2 22 proceeding, either approve the plan as submitted, or 2 23 approve the plan with such modifications as the board 2 24 deems necessary to carry out the purposes of this 2 25 subsection." 2 26 # . By striking page 5, line 4 through page 6, 2 27 line 21 and inserting the following: 2 28 "1. A rate-regulated electric public utility shall 2 29 have installed electric generating capacity, adjusted 2 30 for purchases and sales, not less than its maximum 2 31 integrated hour demand for the year plus a reserve of 2 32 not less than fifteen percent of such demand. The 2 33 installed electric generating capacity shall include 2 34 not more than ten percent firm power purchased from 2 35 fossil-fueled or nuclear generation sources pursuant 2 36 to contracts executed, amended, or extended after 2 37 January 1, 2001, unless otherwise approved by the 2 38 board as necessary to assure adequate electric 2 39 generating capacity. The prudent and reasonable costs 2 40 incurred to construct, operate, and maintain electric 2 41 generating and transmission facilities shall be 2 42 included in the determination of the rates of the 2 43 rate-regulated electric public utility. 2 44 2. The board may approve a surcharge to retail 2 45 customers for the cost of capital being invested in 2 46 the electric power generating facility during the 2 47 period of construction, if the board finds that it is 2 48 in the public interest to provide an incentive to 2 49 ensure the construction of a new electric power 2 50 generating facility in Iowa. 3 1 3. If retail rates for electric generation service 3 2 provided by rate-regulated electric utilities are 3 3 deregulated pursuant to Iowa or federal law, the board 3 4 shall determine the difference, if any, between the 3 5 market value and the book value of all of the 3 6 generation assets owned by a rate-regulated electric 3 7 utility. The board shall approve a charge to be paid 3 8 by the utility's retail customers over a reasonable 3 9 period to permit the utility to collect from such 3 10 customers the excess, if any, of the book value over 3 11 the market value of those generation assets. The 3 12 board shall approve a credit to be paid by the utility 3 13 to its retail customers over a reasonable period to 3 14 permit such customers to recover the excess, if any, 3 15 of the market value over the book value of those 3 16 generations assets. 3 17 4. The board shall report to the general assembly 3 18 by January 21, 2002, and biennially thereafter, on the 3 19 adequacy, reliability, and development of electric 3 20 generating and transmission facilities in the state. 3 21 The report may include recommendations for actions by 3 22 the general assembly to assure the adequacy and 3 23 reliability of electric generating and transmission 3 24 facilities throughout the state." 3 25 # . Title page, lines 3 and 4, by striking the 3 26 words "approval of power purchase contracts" and 3 27 inserting the following: "providing authority for the 3 28 utilities board to order the construction of a 3 29 generating or transmission facility". 3 30 # . By renumbering, redesignating, and 3 31 correcting internal references as necessary." 3 32 3 33 3 34 3 35 CHIODO of Polk 3 36 HF 577.725 79 3 37 jj/cls
Text: H01414 Text: H01416 Text: H01400 - H01499 Text: H Index Bills and Amendments: General Index Bill History: General Index
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