HF 473: 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.

House subcommittee · named January 9, 2024

• Rep. Mike Vondran (R) · mike.vondran@legis.iowa.gov
• Rep. Gary M. Mohr (R) · gary.mohr@legis.iowa.gov
• Rep. J.D. Scholten (D) · j.d.scholten@legis.iowa.gov

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. February 27, 2023Filed in the House
2. January 9, 2024House subcommittee named: Vondran, Mohr, G. and Scholten
3. January 16, 2024Subcommittee recommended passing it
4. January 18, 2024Approved by the House committee
5. January 22, 2024Approved by the House committee, and given a new number: HF 2101
6. February 19, 2024Withdrawn