S-3140

   Amend House File 617, as passed by the House, as follows:
   1.  By striking everything after the enacting clause and inserting: 
   <Section 1.  IOWA UTILITIES BOARD REVIEW.
   1.  The utilities board shall initiate and coordinate an independent review of current Iowa Code provisions and ratemaking procedures. The review shall take into account the policy objectives of ensuring safe, adequate, reliable, and affordable utility services provided at rates that are nondiscriminatory, just, reasonable, and based on the utility’s cost of providing service to its customers within the state. The review shall include all of the following:
   a.  An evaluation of the adequacy of current ratemaking law and procedure to promote the policy objectives described in this subsection.
   b.  Identification of possible changes in law or procedure that might better advance the policy objectives described in this subsection.
   c.  Recommendations for changes in law and administrative rules.
   2.  The consumer advocate division of the department of justice shall, and rate-regulated utilities and other interested persons may, participate in the review. The board may utilize additional services to assist in the coordination of the review and preparation of the report. The board shall submit a report with findings and recommendations to the general assembly by January 1, 2024.>

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WAYLON BROWN