House Journal: Page 1028: Monday, April 2, 2001
8 3. Page 6, by inserting after line 21 the
9 following:
10 "4. a. If a rate-regulated public utility files
11 an application to construct an electric power
12 generating facility pursuant to section 476A.3, the
13 board shall specify in advance, by order issued after
14 a contested case proceeding, the ratemaking principles
15 that will apply when the costs of the facility are
16 included in regulated electric rates.
17 b. In determining the applicable ratemaking
18 principles, the board shall not be limited to
19 traditional ratemaking principles or traditional cost
20 recovery mechanisms.
21 c. The applicable ratemaking principles shall be
22 determined in a contested case proceeding, which
23 proceeding may be combined with the proceeding for
24 issuance of a certificate conducted pursuant to
25 chapter 476A.
26 d. The order setting forth the applicable
27 ratemaking principles shall be issued prior to the
28 commencement of construction of the facility.
29 e. Following issuance of the order, the rate-
30 regulated public utility shall have the option of
31 proceeding with construction of the facility, or
32 withdrawing its application for a certificate under
33 chapter 476A.
34 f. Notwithstanding any provision of this chapter
35 to the contrary, the ratemaking principles established
36 by the order issued pursuant to paragraph "d" shall be
37 binding with regard to the specific electric power
38 generating facility in any subsequent rate proceeding.
39 Sec. . Section 476A.4, Code 2001, is amended by
40 adding the following new subsection:
41 NEW SUBSECTION. 5. a proceeding for the issuance
42 of a certificate under section 476A.5 may be
43 consolidated with a contested case proceeding for
44 determination of applicable ratemaking principles
45 under section 476.53."
46 4. Page 8, by inserting after line 4 the
47 following:
48 "Sec. . Section 476A.7, Code 2001, is amended
49 by adding the following new subsection:
50 NEW SUBSECTION. 3. Pursuant to the provisions of
Page 2
1 section 476.53, a rate-regulated public utility shall
2 have the option of withdrawing its application for
3 issuance of a certificate at any time prior to the
4 issuance of the certificate, or after the certificate
5 has been issued."
© 2001 Cornell College and
League of Women Voters of Iowa
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