House Study Bill 532 - Introduced HOUSE FILE _____ BY (PROPOSED COMMITTEE ON COMMERCE BILL BY CHAIRPERSON SODERBERG) A BILL FOR An Act relating to permissible forms of ownership of 1 transmission facilities subject to a joint agreement for 2 generating, purchasing, or otherwise acquiring electric 3 power and energy. 4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 5 TLSB 5505YC (1) 84 rn/nh
H.F. _____ Section 1. Section 390.1, subsection 9, Code 2011, is 1 amended to read as follows: 2 9. “Own” and “ownership” in the case of transmission 3 facilities, including substations and associated facilities, 4 which are located in whole or in part in Iowa, may include 5 the right to the use of an amount of the capacity of the 6 facilities, if the joint agreement so provides. “Own” and 7 “ownership” in the case of transmission facilities, including 8 substations and associated facilities, does not may include 9 those which are located in states which are not contiguous to 10 Iowa a joint facility located in this state or outside this 11 state . 12 Sec. 2. NEW SECTION . 390.8A Transmission facility 13 ownership. 14 In addition to the powers conferred upon a city or electric 15 power agency elsewhere in this chapter, a city or electric 16 power agency may acquire ownership interest in a transmission 17 facility, including ownership of the capacity of such facility, 18 within this state or in any other state for the purpose 19 of participating with other utilities in transmission to 20 be operated by a regional transmission organization or an 21 independent transmission operator approved by the federal 22 energy regulatory commission. For purposes of this section, 23 “electric power agency” means the same as defined in section 24 390.9. 25 EXPLANATION 26 This bill expands the definition of “ownership” of 27 transmission facilities subject to a joint agreement between 28 participants, which may include a city, electric cooperative, 29 or privately owned utility company, to include facilities 30 located outside the state of Iowa. Currently, Code section 31 390.1, subsection 9, restricts ownership to facilities which 32 are located within Iowa or in states contiguous to Iowa. 33 The bill provides that in addition to other powers 34 conferred upon a city or electric power agency, a city or 35 -1- LSB 5505YC (1) 84 rn/nh 1/ 2
H.F. _____ electric power agency may acquire ownership interest in a 1 transmission facility, including ownership of the capacity 2 of such facility, within Iowa or in any other state for the 3 purpose of participating with other utilities in transmission 4 to be operated by a regional transmission organization or an 5 independent transmission operator approved by the federal 6 energy regulatory commission. 7 -2- LSB 5505YC (1) 84 rn/nh 2/ 2