H.F. 617 Section 1. IOWA UTILITIES BOARD REVIEW. The utilities board 1 of the utilities division of the department of commerce shall 2 initiate and coordinate an independent review of current Iowa 3 Code provisions and ratemaking procedures to determine whether 4 revised provisions and different procedures would be more 5 cost-effective and would result in rates that more accurately 6 reflect a utility’s cost of providing service to its customers 7 in the state. The consumer advocate division of the department 8 of justice, rate-regulated utilities, and other interested 9 persons shall participate in the review. The board may utilize 10 additional services to assist in the coordination of the review 11 and writing of the report. The board shall submit a report 12 with findings and recommendations to the general assembly by 13 January 1, 2024. 14 EXPLANATION 15 The inclusion of this explanation does not constitute agreement with 16 the explanation’s substance by the members of the general assembly. 17 This bill relates to the review by the Iowa utilities 18 board (board) of specified provisions and utility ratemaking 19 procedures. 20 The bill provides that the board shall conduct an 21 independent review of current Iowa Code provisions and 22 ratemaking procedures to determine whether revised provisions 23 and different procedures would result in more cost-effective 24 rates that reflect a utility’s cost of providing service to its 25 customers in the state. The consumer advocate, rate-regulated 26 utilities, and other interested persons shall participate in 27 the review. The board may utilize additional services to 28 assist with the review and report. The board shall submit 29 a report with findings and recommendations to the general 30 assembly by January 1, 2024. 31 -1- LSB 2081HV (3) 90 es/rn 1/ 1