House Journal: Page 1030: Monday, April 2, 2001
29 charge for such service is prohibited and declared
30 unlawful. In determining reasonable and just rates,
31 the board shall consider all factors relating to value
32 and shall not be bound by rate base decisions or
33 rulings made prior to the adoption of this chapter.
34 2. The board shall have the authority to order a
35 rate-regulated public utility to construct an electric
36 generating facility, transmission facility, or both,
37 as necessary to ensure continued electric reliability,
38 and to maintain reasonably adequate, reliable, safe,
39 and cost-efficient electric service to Iowa consumers.
40 The prudent and reasonable costs incurred to construct
41 and operate such generating facility or transmission
42 facility shall be included in the determination of the
43 rates of the rate-regulated public utility.
44 3. The board, in determining the value of
45 materials or services to be included in valuations or
46 costs of operations for rate-making purposes, may
47 disallow any unreasonable profit made in the sale of
48 materials to or services supplied for any public
49 utility by any firm or corporation owned or controlled
50 directly or indirectly by such utility or any
Page 2
1 affiliate, subsidiary, parent company, associate or
2 any corporation whose controlling stockholders are
3 also controlling stockholders of such utility. The
4 burden of proof shall be on the public utility to
5 prove that no unreasonable profit is made.
6 4. The continued availability of reliable and
7 affordable electricity is critical to sustaining
8 existing levels of economic activity, providing for
9 future economic growth, and ensuring the education,
10 health, safety, and quality of life of individual
11 Iowans. Therefore, the general assembly finds and
12 declares that the public interest requires that the
13 board take such action as is necessary to cause the
14 construction of additional baseload electricity
15 generating capacity and necessary transmission
16 facilities in Iowa.
17 a. Each rate-regulated public utility shall submit
18 a plan to the board by April 1, 2002, to construct one
19 or more large baseload electricity generating
20 facilities in Iowa, as quickly as is practicable.
21 b. The board shall, after a contested case
22 proceeding, either approve the plan as submitted, or
23 approve the plan with such modifications as the board
24 deems necessary to carry out the purposes of this
25 subsection."
26 . By striking page 5, line 4 through page 6,
27 line 21 and inserting the following:
© 2001 Cornell College and
League of Women Voters of Iowa
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