Bills › 90th General Assembly
Relating to ratemaking and energy efficiency plans and demand response plans
Where it is now
- Done: IntroducedApril 16, 2024
- Stopped: SubcommitteeDied when the General Assembly ended
- Next: House committee
- Next: Passes the House
- Next: Senate committee
- Next: Passes the Senate
- Next: To the Governor
- Next: Signed into law
Died when the session ended The 2024 session adjourned on April 19, 2024, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
AI summary Gas and electric companies must now give customers more details and clear examples when they ask for a rate increase. These companies also have more flexibility to spend up to 9 percent of their revenue on energy efficiency and demand response plans. The Iowa Utilities Board will oversee these changes to make sure the spending is cost-effective and that customers have access to energy-saving programs.1
Read the official explanation
This bill relates to gas and electric utility energy efficiency plans and demand response plans and formal ratemaking proceedings. The bill requires utilities to file annual comparisons utilized in setting revenue requirements. The utility shall provide in the written notice of a rate increase to customers the total rate increase as a percentage of the utility’s own current charges. The utility shall provide the Iowa utilities board (board) with sufficient detail in the filings to verify the authorized rate case treatment of revenue requirements. The bill requires a utility to provide affected customers an example of the requested rate increase applied over the past 12 months prior to a public hearing. The board may determine the manner of notification of the example to the affected customers. In a formal proceeding, the board shall admit all objections filed by customers into evidence, but parties may object to the inclusion of the objections filed by customers. The bill requires the board to allow a gas or electric utility to provide in an energy efficiency plan or demand response plan, for investments exceeding the current or previously approved plan, up to 9 percent of revenue to ensure investments are cost-effective.6.