HF 2365: Relating to the regulation of public utilities, including rate filings, rate adjustment mechanisms, virtual power plants, and integrated resource planning

What it does

This bill relates to the regulation of public utilities, including rate filings, rate adjustment mechanisms, customer-owned resources, virtual power plants, and integrated resource planning. The bill requires each electric utility subject to rate regulation, no later than July 1, 2029, and at least every three years thereafter, to file a general rate case in which the Iowa utilities commission (commission) must confirm that rates, cost allocations, and other provisions of the utility’s tariff are just and reasonable and based on actual cost of service.

House subcommittee · named February 11, 2026

• Rep. Judd Lawler (R) · judd.lawler@legis.iowa.gov
• Rep. Kenan Judge (D) · kenan.judge@legis.iowa.gov
• Rep. Charley Thomson (R) · charley.thomson@legis.iowa.gov

Lobbying · 10 for, 5 against

For: AARP Iowa; Environmental Law and Policy Center; Iowa Business Energy Coalition (IBEC); Iowa Business for Clean Energy; Iowa Chapter of Sierra Club; Iowa Economic Alliance; Iowa Environmental Council; Iowa Faith & Climate Network; Iowa Retail Federation; National Federation of Independent Business (NFIB /IA)

Against: Alliant Energy Corporation; Black Hills Energy; Iowa Association of Municipal Utilities; Iowa Utility Association; MidAmerican Energy Company

In plain words

1. February 10, 2026Filed in the House and sent to the Commerce committee
2. February 11, 2026House subcommittee named: Lawler, Judge, Thomson and C
3. February 16, 2026Subcommittee recommended passing it
4. February 18, 2026Approved by the House committee
5. February 18, 2026Committee vote: 23–0
6. February 23, 2026Approved by the House committee, and given a new number: HF 2668