Iowa HSB519 modifies energy production and storage ratemaking principles, encouraging nuclear power and energy storage development.

Iowa HSB519 modifies energy production and storage ratemaking principles, encouraging nuclear power and energy storage development. The bill allows rate-regulated public utilities to seek ratemaking principles for various modifications to electric power generating facilities, including converting fuel types, adding carbon capture and storage, and adding energy storage. The bill also encourages the development of nuclear power generation within the state. The Iowa Utilities Board must specify ratemaking principles in advance for significant alterations to existing facilities.

Iowa HSB519 modifies energy production and storage ratemaking principles, encouraging nuclear power and energy storage development.

Iowa HSB519 modifies energy production and storage ratemaking principles, encouraging nuclear power and energy storage development. The bill allows rate-regulated public utilities to seek ratemaking principles for various modifications to electric power generating facilities, including converting fuel types, adding carbon capture and storage, and adding energy storage. The bill also encourages the development of nuclear power generation within the state. The Iowa Utilities Board must specify ratemaking principles in advance for significant alterations to existing facilities.