SSB 1043

This bill relates to electric power generating facility emission plans, updates, and budgets. The bill allows electric power generating facilities fueled by coal and located in Iowa to develop a reasonably cost-effective multiyear plan and budget or update an existing plan and budget for managing emissions. Current law requires electric power generating facilities fueled by coal and located in Iowa on July 1, 2001, to develop a cost-effective multiyear plan and budget for managing emissions. The bill removes provisions requiring plans and budgets to be filed with the utilities board by April 1, 2002, and updates filed at least every months thereafter. _____ has the discretion to file an update to a multiyear plan. Additionally, the plan may seek advanced review and approval for pollution and emission-related projects. The bill provides that an application for advanced review shall be submitted by a rate-regulated public utility before the anticipated start of a pollution and emission-related project. An operator of an electric power generating facility that is owned by two or more regulated public utilities may file an application on behalf of all of the rate-regulated public utility owners. The bill takes effect upon enactment. The bill applies to electric power generating facility emissions plans or updates filed on or after the effective date of the bill.