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IA HF2032
Bill
Status
1/14/2026
Primary Sponsor
Mike Vondran
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AI Summary
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Authorizes the Iowa Utilities Commission to use alternative ratemaking mechanisms for investor-owned water and wastewater utilities, allowing cost recovery outside traditional ratemaking principles for system enhancement infrastructure
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Requires utilities to obtain commission approval of a multiyear plan before recovering system enhancement costs through a separate customer charge
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Defines eligible system enhancement improvements as projects that replace aging infrastructure, install new facilities for health/safety/environmental compliance, or relocate infrastructure for public improvement projects
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Allows recovery of depreciation, operation and maintenance expenses, property taxes, restoration costs, and pretax return on investment, but explicitly excludes fines or penalties for regulatory violations
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Applies to infrastructure compliance with federal laws including the Water Pollution Control Act and Safe Drinking Water Act, as well as state and local government regulations
Legislative Description
A bill for an act establishing procedures for system enhancement of infrastructure, including for development of ratemaking principles permitted for recovery costs of certain investments in infrastructure by water and wastewater utilities.(See HF 2581.)
Last Action
Committee report approving bill, renumbered as HF 2581.
2/18/2026