HF 2554: Relating to electric power generation, energy storage, and transmission facility ratemaking principles, and including applicability provisions

What it does

This bill relates to electric power generation, energy storage, and transmission facility ratemaking principles. Division I of the bill modifies intent language to reflect an intent to attract energy storage and develop nuclear power generation for consumers in the state. Division I of the bill alters ratemaking principle processes and modifies when a rate-regulated public utility may seek a ratemaking principle. In addition to electric power generating facilities and alternate energy production facilities, the utilities board (board) may specify the ratemaking principles applying to an energy storage facility.

Senate subcommittee · named March 4, 2024

• Sen. Mike Bousselot (R) · mike.bousselot@legis.iowa.gov
• Sen. Waylon Brown (R)
• Sen. Zach Wahls (D) · zach.wahls@legis.iowa.gov

Lobbying · 1 for, 5 against

For: Clean Grid Alliance

Against: Iowa Business Energy Coalition (IBEC); Iowa Business for Clean Energy; Iowa Economic Alliance; Iowa Environmental Council; UAW Region 4

In plain words

1. February 6, 2024Filed in the House and sent to the Commerce committee · as HSB 658
2. February 6, 2024House subcommittee named: Thomson, C., Bagniewski and Lundgren · as HSB 658
3. February 8, 2024Subcommittee recommended passing it with changes · as HSB 658
4. February 13, 2024Approved by the House committee · as HSB 658
5. February 15, 2024Filed in the House
6. February 15, 2024Approved by the House committee, and given a new number: HF 2554 · as HSB 658
7. February 27, 2024Passed the House, 64–33
8. March 4, 2024Sent to the Senate Commerce committee
9. March 4, 2024Senate subcommittee named: Bousselot, Brown and Wahls
10. March 5, 2024Subcommittee recommended passing it with changes
11. March 6, 2024Approved by the Senate committee