The bill aims 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 economic development through energy contracts and encourages the adoption of diverse energy technologies, including nuclear power. Key amendments include criteria for electric utility contracts to promote state economic development and a requirement for utilities to file resource plans every five years, ensuring a comprehensive approach to energy resource management.

Additionally, the bill outlines new regulations for electric transmission owners, mandating prompt repairs of damaged underground drain tiles and the removal of non-native rocks during construction. It establishes a framework for dispute resolution between landowners and transmission owners regarding restoration standards and requires a land restoration plan to be submitted with franchise petitions. The bill also expands the energy infrastructure revolving loan program to include water infrastructure and introduces stringent regulations for anaerobic digester systems, focusing on environmental protection and compliance with air and water quality standards. Overall, the legislation seeks to enhance regulatory oversight while promoting sustainable practices in energy and water infrastructure development.

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