The bill amends Section 388.9 of the Iowa Code to allow city utilities and combined utility systems to hold closed sessions to discuss marketing and pricing strategies or proprietary information if their competitive position, as well as that of other public utilities or third-party utility vendors, would be harmed by public disclosure. The amendment clarifies that such disclosure is not required of potential or actual competitors and that the minutes and recordings of these closed sessions will be made available for public examination once the competitive position is no longer at risk.

Additionally, the bill revises the definition of proprietary information to include confidential information as per section 22.7, customer records that could harm a customer's competitive position, and various types of information related to electric transmission planning, critical energy infrastructure, and electric generation capacity planning. The changes also specify that information required to be kept confidential under nondisclosure agreements or by law is included in this definition, thereby broadening the scope of what is considered proprietary information.

Statutes affected:
Introduced: 388.9, 21.5
Reprinted: 388.9, 21.5