Iowa HF2729 establishes a temporary prohibition on rate increases by gas and electric public utilities until December 31, 2030.

Iowa HF2729 establishes a temporary prohibition on gas and electric public utilities from implementing new or changed rates, charges, schedules, or regulations that increase customer bills until December 31, 2030. The bill allows automatic adjustments for transmission costs incurred by the utility, subject to commission approval. The Iowa utilities commission is authorized to regulate this rate freeze for smaller gas or electric public utilities, electric cooperative corporations and associations, and municipally owned utilities. The bill takes effect upon enactment.

Iowa HF2729 establishes a temporary prohibition on rate increases by gas and electric public utilities until December 31, 2030.

Iowa HF2729 establishes a temporary prohibition on gas and electric public utilities from implementing new or changed rates, charges, schedules, or regulations that increase customer bills until December 31, 2030. The bill allows automatic adjustments for transmission costs incurred by the utility, subject to commission approval. The Iowa utilities commission is authorized to regulate this rate freeze for smaller gas or electric public utilities, electric cooperative corporations and associations, and municipally owned utilities. The bill takes effect upon enactment.