S.F. 2130 Section 1. NEW SECTION . 473.4 Renewable energy economic 1 development plan. 2 The authority, in consultation with the utilities board of 3 the utilities division of the department of commerce, shall 4 create a renewable energy economic development plan with the 5 goal of achieving the production of one hundred percent of the 6 state’s electrical needs from natural gas or alternative and 7 renewable energy sources by 2025. The plan shall include or 8 address a cost and benefit analysis, the potential for business 9 development and job creation and incentives to encourage that 10 development, environmental benefits, greenhouse gas reductions, 11 and transmission infrastructure improvements anticipated to be 12 required in order to facilitate the plan. A preliminary plan 13 shall be submitted to the governor and the general assembly 14 by January 1, 2013, and an updated plan summarizing progress 15 made toward attainment of the goal and identifying factors 16 or issues, if any, impacting attainment of the goal shall be 17 submitted by January 1 annually thereafter. 18 EXPLANATION 19 This bill directs the economic development authority, 20 in consultation with the Iowa utilities board, to create a 21 renewable energy economic development plan for achieving the 22 production of 100 percent of the state’s electrical needs 23 from natural gas or alternative and renewable energy sources 24 by 2025. The bill requires the plan to include or address 25 a cost and benefit analysis, the potential for business 26 development and job creation and incentives to encourage that 27 development, environmental benefits, greenhouse gas reductions, 28 and transmission infrastructure improvements anticipated to be 29 required in order to facilitate the plan. The bill provides 30 that a preliminary plan shall be submitted to the governor and 31 the general assembly by January 1, 2013, and an updated plan 32 summarizing progress made toward attainment of the goal and 33 identifying factors or issues impacting that attainment shall 34 be submitted by January 1 annually thereafter. 35 -1- LSB 5905XS (3) 84 rn/sc 1/ 1