Text: SF02239 Text: SF02241 Text: SF02200 - SF02299 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
20 SENATE FILE 2240
30
50 AN ACT
70 RELATING TO TEMPORARY RATE AUTHORITY AND RULES OF THE IOWA
80 UTILITIES BOARD REGARDING RATE REGULATION PROCEEDINGS.
90
100 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
110
130 Section 1. Section 476.6, subsection 10, unnumbered
140 paragraph 2, Code Supplement 2003, is amended to read as
150 follows:
160 A public utility may choose to place in effect temporary
170 rates, charges, schedules, or regulations without board review
180 ten days after the filing under this section. If the utility
190 chooses to place such rates, charges, schedules, or
200 regulations in effect without board review, the utility shall
210 file with the board a bond or other corporate undertaking
220 approved by the board conditioned upon the refund in a manner
230 prescribed by the board of amounts collected in excess of the
240 amounts which would have been collected under rates, charges,
250 schedules, or regulations finally approved by the board. At
260 the conclusion of the proceeding if the board determines that
270 the temporary rates, charges, schedules, or regulations placed
280 in effect under this paragraph were not based on previously
290 established regulatory principles, the board shall consider
300 ordering refunds based upon the overpayments made by each
310 individual customer class, rate zone, or customer group.
320 If the board finds that an extension of the ten-month
330 period is necessary to permit the accumulation of necessary
340 data with respect to the operation of a newly constructed
350 electric generating facility that has a capacity of one
360 hundred megawatts or more of electricity and that is proposed
370 to be included in the rate base for the first time, the board
380 may extend the ten-month period up to a maximum extension of
390 six months, but only with respect to that portion of the
400 suspended rates, charges, schedules, or regulations that are
410 necessarily connected with the inclusion of the generating
420 facility in the rate base. If a utility is proposing to
430 include in its rate base for the first time a newly
440 constructed electric generating facility that has a capacity
450 of one hundred megawatts or more of electricity, the filing
460 date of new or changed rates, charges, schedules, or
470 regulations shall, for purposes of computing the ninety-day
480 and ten-month time limitations stated above, be the date as
490 determined by the board that the new plant went into service,
500 but only with respect to that portion of the suspended rates,
510 charges, schedules, or regulations that are necessarily
520 connected with the inclusion of the generating facility in the
530 rate base.
540 Sec. 2. Section 476.33, subsection 4, Code Supplement
550 2003, is amended to read as follows:
560 4. The board shall adopt rules that require the board, in
570 rate regulatory proceedings under sections 476.3 and 476.6, to
580 consider the use of the most current test period possible in
590 determining reasonable and just rates, subject only to the
600 availability of existing and verifiable data respecting costs
610 and revenues, and in addition to consider verifiable data that
620 exists as of the date of commencement of the proceedings
630 within nine months after the conclusion of the test year,
640 respecting known and measurable changes in costs not
650 associated with a different level of revenue, and known and
660 measurable revenues not associated with a different level of
670 costs, that are to occur at any time within twelve months
680 after the date of commencement of the proceedings. Parties
690 proposing adjustments that are not verifiable at the
700 commencement of the proceedings shall include projected data
710 related to the adjustments in their initial substantive filing
720 with the board. For purposes of this subsection, a proceeding
730 commences under section 476.6 upon the filing date of new or
740 changed rates, charges, schedules or regulations. This
750 subsection does not limit the authority of the board to
760 consider other evidence in proceedings under sections 476.3
770 and 476.6.
790
800
810
820 JEFFREY M. LAMBERTI
830 President of the Senate
840
850
860
870 CHRISTOPHER C. RANTS
880 Speaker of the House
890
900 I hereby certify that this bill originated in the Senate and
910 is known as Senate File 2240, Eightieth General Assembly.
920
930
940
950 MICHAEL E. MARSHALL
960 Secretary of the Senate
970 Approved , 2004
980
990
1000
1010 THOMAS J. VILSACK
1020 Governor
Text: SF02239 Text: SF02241 Text: SF02200 - SF02299 Text: SF Index Bills and Amendments: General Index Bill History: General Index
© 2004 Cornell College and League of Women Voters of Iowa
Comments about this site or page?
webmaster@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.
Last update: Tue Mar 30 11:36:17 CST 2004
URL: /DOCS/GA/80GA/Legislation/SF/02200/SF02240/040324.html
jhf