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IA SSB3060
SB
AI Summary
- Requires Iowa Utilities Commission approval for all public utility acquisitions of water, sanitary sewer, or storm water utilities, removing the previous $3 million minimum threshold
- Mandates the Commission find that any acquisition will not detrimentally affect ratepayers of either the utility being acquired or the acquiring utility
- Requires ratemaking principles to be established upfront through a contested case proceeding before acquisition approval, prohibiting deferral to later proceedings
- Replaces fair market value with net book value as one option for determining applicable ratemaking principles, using the lesser of sale price, fair market value, or net book value
- Prohibits rate consolidation between acquired and acquiring utilities for at least 10 years if the acquisition would increase the average rate base per customer for existing customers of the acquiring utility
Legislative Description
A bill for an act relating to the acquisition of water, sanitary sewer, and storm water utilities, including required findings by the Iowa utilities commission, the timeline for issuing ratemaking principles, and the determination of applicable ratemaking principles.
Last Action
Subcommittee returns the bill to Committee without recommendation. [].
2/3/2026
Committee Referrals
Commerce1/22/2026
Full Bill Text
No bill text available