HF 617 (LSB 2081HV (7) 90)

RELATING TO IOWA UTILITIES BOARD REVIEW OF SPECIFIED  PROVISIONS AND UTILITY RATEMAKING PROCEDURES. 

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    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.
   d.  Identification of ratemaking laws and procedures of other states that, if adopted in Iowa, could enhance the competitiveness of utility rates in Iowa as compared with utility rates in other jurisdictions.

   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.

______________________________
PAT GRASSLEY
Speaker of the House

______________________________
AMY SINCLAIR
President of the Senate

   I hereby certify that this bill originated in the House and is known as House File 617, Ninetieth General Assembly.

______________________________
MEGHAN NELSON
Chief Clerk of the House

Approved _______________, 2023

______________________________
KIM REYNOLDS
Governor