House Amendment 1218 PAG LIN 1 1 Amend House File 659 as follows: 1 2 #1. By striking page 3, line 32, through page 4, 1 3 line 8, and inserting the following: 1 4 <b. In determining the applicable ratemaking 1 5 principles, the board shall not be limited to 1 6 traditional ratemaking principles or traditional cost 1 7 recovery mechanisms. Among the principles and 1 8 mechanisms the board may consider, the board has the 1 9 authority to approve ratemaking principles proposed by 1 10 a rate=regulated public utility that provide for 1 11 reasonable restrictions upon the ability of the public 1 12 utility to seek a general increase in electric rates 1 13 under section 476.6 for at least three years after the 1 14 generation facility begins providing service to Iowa 1 15 customers.> 1 16 #2. By renumbering, redesignating, and correcting 1 17 internal references as necessary. 1 18 1 19 1 20 1 21 COMMITTEE ON COMMERCE, REGULATION AND LABOR 1 22 HANSEN of Pottawattamie, Chairperson 1 23 HF 659.701 80 1 24 jj/cl 1 25 1 26 1 27 1 28 1 29 1 30 1 31 1 32 1 33 1 34 1 35 1 36 1 37 1 38 1 39 1 40 1 41 1 42 1 43 1 44 1 45 1 46 1 47 1 48 1 49 1 50 -1-