The bill amends Section 478.16 of the Iowa Code to enhance the development and investment in high-voltage electric transmission lines, prioritizing reliable electricity delivery to consumers. It introduces new definitions such as "initial construction," "load ratio share," and "qualified individual," while clarifying the rights of incumbent electric transmission owners regarding the construction and maintenance of lines approved by federally registered planning authorities. The bill emphasizes the importance of involving electric transmission owners who have previously invested in Iowa's infrastructure in future projects.

Furthermore, the legislation establishes specific requirements for land restoration post-construction, mandating that incumbent electric transmission owners repair damage to underground drain tiles, remove non-native rocks, and restore soil conservation practices. It outlines a process for notifying the commission about construction intentions and includes provisions for joint ownership with public power utilities. The bill also requires petitioners for electric transmission line franchises to submit a written land restoration plan and allows for alternative restoration agreements with landowners. It takes effect immediately upon enactment and applies retroactively to certain transmission lines approved after July 1, 2020, with exceptions for joint ownership provisions effective from July 1, 2024.

Statutes affected:
Introduced: 478.16, 362.2