Iowa HSB601 modifies the acquisition process for water, sanitary sewer, and storm water utilities by the Iowa Utilities Commission.

Iowa HSB601 changes the rules for acquiring water, sanitary sewer, and storm water utilities. The bill removes the $3 million threshold for requiring commission approval and mandates the commission to specify ratemaking principles before approving the acquisition. It prohibits the consolidation of rates for at least ten years if the acquisition increases the average rate base per customer. The bill also allows the commission to consider non-traditional ratemaking principles and cost recovery mechanisms.

Iowa HSB601 modifies the acquisition process for water, sanitary sewer, and storm water utilities by the Iowa Utilities Commission.

Iowa HSB601 changes the rules for acquiring water, sanitary sewer, and storm water utilities. The bill removes the $3 million threshold for requiring commission approval and mandates the commission to specify ratemaking principles before approving the acquisition. It prohibits the consolidation of rates for at least ten years if the acquisition increases the average rate base per customer. The bill also allows the commission to consider non-traditional ratemaking principles and cost recovery mechanisms.