The bill seeks to modernize Iowa's energy systems by revising regulations concerning electric power generation, energy storage, and transmission facilities. It introduces new ratemaking principles for electric utilities, establishes tariffs for innovative utility programs, and sets land restoration standards. The legislation emphasizes the promotion of economic development through energy contracts and mandates the approval of contracts that eliminate unnecessary facility duplication while fostering economic growth. Additionally, the bill encourages the development of diverse energy technologies, including nuclear power and energy storage, and outlines a structured process for electric utilities to file resource plans every five years.

Furthermore, the bill includes new regulations for the construction and restoration of electric transmission lines, particularly those with a voltage of 200 kilovolts or more, requiring prompt repair of damaged underground drain tiles and restoration of soil conservation practices. It also amends the energy infrastructure revolving loan program to encompass water infrastructure and transfers administrative responsibilities to the Economic Development Authority. The legislation introduces provisions for the management of anaerobic digester systems, including construction permits and environmental protection measures, while establishing enforcement mechanisms for compliance with air and water quality regulations. Overall, the bill aims to enhance regulatory oversight and promote sustainable practices in Iowa's energy and water infrastructure development.

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