HF 2101: Relating to the acquisition of water, sanitary sewer, and storm water utilities by rate-regulated public utilities

What it does

This bill relates to the acquisition of water, sanitary sewer, and storm water utilities by rate-regulated public utilities. The bill increases the threshold amount requiring utilities board (board) approval from $500,000 to $3 million when a public utility is acquiring a water, sanitary sewer, or storm water utility.6 (regarding discrimination in rates).2A, but not certify compliance. The bill provides that the rate base in the final order approving an acquisition shall include reasonable and customary closing costs, the cost of appraisals, and regulatory and legal expenses incurred in connection with the acquisition.

Lobbying · 3 for, 1 against

For: Iowa American Water Co.; Iowa Association of Business and Industry (ABI); Iowa Utility Association

Against: Iowa Association of Municipal Utilities

In plain words

1. January 22, 2024Filed in the House
2. February 19, 2024Passed the House, 91–0
3. February 20, 2024Arrived in the Senate
4. February 26, 2024Took the place of SF 2181 on the Senate floor (the same legislation)
5. February 26, 2024Passed the Senate, 46–0
6. April 10, 2024Sent to the Governor
7. April 10, 2024Signed into law