Bill > HF2510

This bill amends sections of the Iowa Code related to rate regulatory proceedings before the Utilities Board within the Utilities Division of the Department of Commerce. The key provisions are: 1. It limits the ability of a public utility that uses a historic test year to file a subsequent rate case within 12 months of a prior filing or until the Board issues a final order, unless the utility receives authority to file sooner. For a utility using a future test year, it prohibits filing a new rate case until after the Board issues a final order on the prior case, unless the utility receives authority to file sooner. 2. It requires the Board to consider any 12-month period beginning no later than the date a proposed rate change is expected to take effect when determining just and reasonable rates in a future test year proceeding. It also requires a subsequent proceeding to determine if the actual costs and revenues are reasonably consistent with those approved, and to make adjustments if they are not. 3. It prohibits a utility using a future test year from proposing multiple future test years in the same rate case. It also adds requirements for the subsequent proceeding after a future test year case, including filing deadlines, hearing procedures, and standards for determining if refunds, reduced rates, or increased rates should be required.

Business and Industry

Commerce (House)

https://www.legis.iowa.gov/legislation/BillBook?ga=88&ba=HF2510