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 theninety-day480 and ten-monthtime 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 existsas of the date of commencement of the proceedings630 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
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