House File 351 HOUSE FILE BY JENKINS Passed House, Date Passed Senate, Date Vote: Ayes Nays Vote: Ayes Nays Approved A BILL FOR 1 An Act relating to the authority of a city to contract with or 2 acquire equity interests in business entities for the purpose 3 of participating in electric energy transmission organizations 4 or implementing open=access tariffs for the use of 5 transmission or distribution facilities. 6 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 7 TLSB 2593HH 80 8 jj/cf/24 PAG LIN 1 1 Section 1. NEW SECTION. 390.8 ADDITIONAL MUNICIPAL 1 2 POWERS. 1 3 In addition to the powers conferred upon a city elsewhere 1 4 in this chapter, a city may contract with, enter into an 1 5 agreement with, or acquire an equity interest in a business 1 6 corporation, limited liability company, or similar business 1 7 entity for any of the following purposes: 1 8 1. Participating with a private power company, electric 1 9 cooperative, or other independent entity functioning as a 1 10 regional transmission organization, independent system 1 11 operator, independent transmission company, or independent 1 12 transmission operator in a manner approved by the federal 1 13 energy regulatory commission under one or more provisions of 1 14 the Federal Power Act or comparable provisions of the laws of 1 15 this or any other state. 1 16 2. Implementing the offering of nondiscriminatory, open= 1 17 access tariffs for the use of electric transmission or 1 18 distribution facilities in response to or in anticipation of 1 19 rules or orders by the United States under the Federal Power 1 20 Act or comparable provisions of the laws of this or any other 1 21 state. 1 22 EXPLANATION 1 23 This bill adds a new section to Code chapter 390, relating 1 24 to joint electrical utilities. New Code section 390.8 1 25 provides that a city may enter into contracts or agreements 1 26 with, or acquire equity interests in a business entity, for 1 27 the purpose of participating in a regional or independent 1 28 transmission organization approved by the federal energy 1 29 regulatory commission, or for implementing the offering of 1 30 open=access tariffs for transmission of distribution 1 31 facilities. 1 32 LSB 2593HH 80 1 33 jj/cf/24 1 34 1 35