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IA SSB3068
SB
AI Summary
- Allows investor-owned water and wastewater utilities to recover infrastructure improvement costs through a "system enhancement charge" separate from traditional rate cases
- Requires utilities to submit multiyear plans to the Iowa Utilities Commission for approval before collecting system enhancement charges from customers
- Covers costs for replacing aging infrastructure, installing new facilities for health/safety/environmental compliance, and relocating utilities for public improvement projects
- Permits recovery of depreciation expenses, operation and maintenance costs, property taxes, and pretax return on system enhancement investments
- Establishes annual reconciliation filings where utilities can adjust rates based on actual costs, with the commission required to approve, modify, or reject filings within 120 days
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 SF 2304.)
Last Action
Committee report approving bill, renumbered as SF 2304.
2/11/2026
Committee Referrals
Commerce1/22/2026
Full Bill Text
No bill text available