Bill Text: IA HF2510 | 2019-2020 | 88th General Assembly | Amended
Bill Title: A bill for an act relating to rate regulatory proceedings before the utilities board within the utilities division of the department of commerce. (Formerly HSB 591.)
Spectrum: Committee Bill
Status: (Engrossed - Dead) 2020-03-12 - Subcommittee: Breitbach, Bisignano, and Chapman. S.J. 613. [HF2510 Detail]
Download: Iowa-2019-HF2510-Amended.html
House
File
2510
-
Reprinted
HOUSE
FILE
2510
BY
COMMITTEE
ON
COMMERCE
(SUCCESSOR
TO
HSB
591)
(As
Amended
and
Passed
by
the
House
March
10,
2020
)
A
BILL
FOR
An
Act
relating
to
rate
regulatory
proceedings
before
the
1
utilities
board
within
the
utilities
division
of
the
2
department
of
commerce.
3
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
4
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2510
Section
1.
Section
476.6,
subsection
7,
Code
2020,
is
1
amended
to
read
as
follows:
2
7.
Limitation
on
filings.
3
a.
A
public
utility
that
utilizes
a
historic
test
year
in
a
4
rate
regulatory
proceeding
pursuant
to
section
476.33
shall
not
5
make
a
subsequent
filing
of
an
application
for
a
new
or
changed
6
rate,
charge,
schedule,
or
regulation
which
relates
to
services
7
for
which
a
rate
filing
is
pending
within
twelve
months
8
following
the
date
the
prior
application
was
filed
or
until
9
the
board
has
issued
a
final
order
on
the
prior
application,
10
whichever
date
is
earlier,
unless
the
public
utility
applies
11
to
the
board
for
authority
and
receives
authority
to
make
a
12
subsequent
filing
at
an
earlier
date.
13
b.
A
public
utility
that
utilizes
a
future
test
year
in
a
14
rate
regulatory
proceeding
pursuant
to
section
476.33
shall
15
not
file
an
application
for
a
new
or
changed
rate,
charge,
16
schedule,
or
regulation
until
after
the
date
the
board
has
17
issued
a
final
order
related
to
the
subsequent
proceeding
18
unless
the
public
utility
applies
to
the
board
for
authority
19
and
receives
authority
to
make
a
subsequent
filing.
20
Sec.
2.
Section
476.33,
subsection
4,
paragraph
b,
Code
21
2020,
is
amended
to
read
as
follows:
22
b.
For
a
rate
regulatory
proceeding
utilizing
a
future
test
23
year,
the
rules
shall
require
the
board
to
consider
the
use
24
of
any
twelve-month
period
beginning
no
later
than
the
date
25
on
which
a
proposed
rate
change
is
expected
to
take
effect
26
in
determining
just
and
reasonable
rates.
The
rules
shall
27
also
require
the
board
to
conduct
a
proceeding
subsequent
to
28
the
effective
date
of
a
rate
resulting
from
a
rate
regulatory
29
proceeding
utilizing
a
future
test
year
to
determine
whether
30
the
actual
costs
and
revenues
are
reasonably
consistent
with
31
those
approved
by
the
board.
If
the
actual
costs
and
revenues
32
are
not
reasonably
consistent
with
those
approved
by
the
33
board,
the
board
shall
adjust
the
rates
accordingly.
For
a
34
rate
regulatory
proceeding
utilizing
a
future
test
year,
the
35
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board
may
adopt
rules
regarding
evidence
required,
information
1
to
support
forecasts,
and
any
reporting
obligations.
The
2
board
may
also
adopt
rules
regarding
the
conditions
under
3
which
a
public
utility
that
utilizes
a
future
test
year
may
4
subsequently
utilize
a
historic
test
year.
A
public
utility
5
shall
not
be
precluded
from
filing
a
rate
regulatory
proceeding
6
utilizing
a
future
test
year
prior
to
the
adoption
of
any
rules
7
pursuant
to
this
subsection
.
A
public
utility
that
utilizes
8
a
future
test
year
in
a
rate
regulatory
proceeding
shall
not
9
propose
the
use
of
multiple
future
test
years
in
the
same
rate
10
regulatory
proceeding.
11
Sec.
3.
Section
476.33,
subsection
4,
Code
2020,
is
amended
12
by
adding
the
following
new
paragraph:
13
NEW
PARAGRAPH
.
0c.
For
the
proceeding
subsequent
to
the
14
effective
date
of
a
rate
resulting
from
a
rate
regulatory
15
proceeding
utilizing
a
future
test
year,
the
rules
shall
16
establish
filing
requirements
for
the
subsequent
proceeding,
17
procedural
rules,
and
standards
of
reasonableness
for
18
determining
whether
the
actual
costs
and
revenues
are
19
reasonably
consistent
with
those
approved
by
the
board
and
if
20
refunds,
reduced
rates,
or
increased
rates
should
be
required.
21
The
subsequent
proceeding
shall
be
based
upon
twelve
months
of
22
actual
data
beginning
from
the
date
that
the
rates
based
upon
a
23
future
test
year
became
effective,
and
the
board
shall
conduct
24
a
hearing
within
ninety
days
after
the
public
utility
files
25
the
twelve-month
data
with
the
board,
if
the
board
determines
26
that
a
hearing
is
necessary.
The
public
utility
shall
file
27
the
twelve-month
data
within
ninety
days
of
the
end
of
the
28
twelve-month
period.
The
board
shall
issue
a
final
order
29
within
one
hundred
twenty
days
after
the
public
utility
files
30
the
twelve-month
data
required
for
the
subsequent
proceeding.
31
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