The bill aims to enhance Iowa's energy systems by modifying regulations related to electric power generation, energy storage, and transmission facilities. It establishes new ratemaking principles for electric utilities, creates tariffs for innovative utility programs, and implements land restoration standards. The legislation introduces definitions for energy storage and nuclear reactors, emphasizing the importance of economic development through energy contracts. It mandates that the commission approve contracts that eliminate unnecessary duplication of facilities while promoting economic growth. Additionally, the bill requires electric utilities to file resource plans every five years, considering various resources for future energy demands and including stakeholder input.

Furthermore, the bill introduces new regulations for incumbent electric transmission owners regarding the construction and restoration of high-voltage electric transmission lines. It mandates timely notification to the commission about construction intentions and requires documentation of competitively bid construction contracts. The bill also outlines specific land restoration requirements post-construction, such as repairing damaged drain tiles and restoring soil conservation practices. Additionally, it expands the energy infrastructure revolving loan program to include water infrastructure projects and establishes regulations for anaerobic digester systems, ensuring compliance with environmental standards and promoting sustainable agricultural practices. Overall, the legislation seeks to improve the reliability and efficiency of Iowa's energy infrastructure while ensuring transparency and accountability.

Statutes affected:
Introduced: 476.25, 476.53, 478.16, 362.2