Iowa SF2304 establishes procedures for water and wastewater utilities to recover costs for infrastructure improvements.

Iowa SF2304 sets rules for water and wastewater utilities to recover costs for infrastructure improvements. Utilities must first get approval from the commission for a plan detailing proposed improvements. The plan must include projected costs, actual costs incurred, and a breakdown of costs for each improvement. If actual costs exceed projected costs by more than 25%, the utility must justify the overrun and get specific commission approval. The commission cannot approve a plan if the utility hasn't received a final order in a general rate case within the past five years.

Iowa SF2304 establishes procedures for water and wastewater utilities to recover costs for infrastructure improvements.

Iowa SF2304 sets rules for water and wastewater utilities to recover costs for infrastructure improvements. Utilities must first get approval from the commission for a plan detailing proposed improvements. The plan must include projected costs, actual costs incurred, and a breakdown of costs for each improvement. If actual costs exceed projected costs by more than 25%, the utility must justify the overrun and get specific commission approval. The commission cannot approve a plan if the utility hasn't received a final order in a general rate case within the past five years.