House Journal: Page 1031: Monday, April 2, 2001
28 "1. a rate-regulated electric public utility shall
29 have installed electric generating capacity, adjusted
30 for purchases and sales, not less than its maximum
31 integrated hour demand for the year plus a reserve of
32 not less than fifteen percent of such demand. The
33 installed electric generating capacity shall include
34 not more than ten percent firm power purchased from
35 fossil-fueled or nuclear generation sources pursuant
36 to contracts executed, amended, or extended after
37 January 1, 2001, unless otherwise approved by the
38 board as necessary to assure adequate electric
39 generating capacity. The prudent and reasonable costs
40 incurred to construct, operate, and maintain electric
41 generating and transmission facilities shall be
42 included in the determination of the rates of the
43 rate-regulated electric public utility.
44 2. The board may approve a surcharge to retail
45 customers for the cost of capital being invested in
46 the electric power generating facility during the
47 period of construction, if the board finds that it is
48 in the public interest to provide an incentive to
49 ensure the construction of a new electric power
50 generating facility in Iowa.
Page 3
1 3. If retail rates for electric generation service
2 provided by rate-regulated electric utilities are
3 deregulated pursuant to Iowa or federal law, the board
4 shall determine the difference, if any, between the
5 market value and the book value of all of the
6 generation assets owned by a rate-regulated electric
7 utility. The board shall approve a charge to be paid
8 by the utility's retail customers over a reasonable
9 period to permit the utility to collect from such
10 customers the excess, if any, of the book value over
11 the market value of those generation assets. The
12 board shall approve a credit to be paid by the utility
13 to its retail customers over a reasonable period to
14 permit such customers to recover the excess, if any,
15 of the market value over the book value of those
16 generations assets.
17 4. The board shall report to the general assembly
18 by January 21, 2002, and biennially thereafter, on the
19 adequacy, reliability, and development of electric
20 generating and transmission facilities in the state.
21 The report may include recommendations for actions by
22 the general assembly to assure the adequacy and
23 reliability of electric generating and transmission
24 facilities throughout the state."
25 . Title page, lines 3 and 4, by striking the
26 words "approval of power purchase contracts" and
© 2001 Cornell College and
League of Women Voters of Iowa
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