Read the full stored bill text
House
File
2238
-
Introduced
HOUSE
FILE
2238
BY
SHIPLEY
A
BILL
FOR
An
Act
providing
for
a
study
to
determine
the
cost
and
1
feasibility
of
acquiring
certain
public
utilities
or
their
2
assets.
3
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
4
TLSB
6573YH
(2)
91
sb/js
H.F.
2238
Section
1.
DEPARTMENT
OF
ADMINISTRATIVE
SERVICES
——
1
ACQUIRING
CERTAIN
PUBLIC
UTILITIES
——
STUDY.
2
1.
The
general
assembly
finds
that
certain
public
utilities
3
subject
to
rate
regulation
are
derelict
in
their
obligation
to
4
their
customers
with
conduct
that
is
unsuitable
for
an
entity
5
enjoying
the
immense
privilege
of
a
government-sanctioned
6
monopoly.
7
2.
The
department
of
administrative
services
shall
work
8
with
an
investment
firm,
selected
at
the
discretion
of
the
9
department,
to
conduct
a
study
determining
the
cost
and
10
feasibility
of
the
state
of
Iowa
acquiring
a
public
utility
11
subject
to
rate
regulation
under
chapter
476,
or
the
public
12
utility’s
assets
within
the
state,
that
provides
electric
13
and
natural
gas
service
to
more
than
two
hundred
thousand
14
customers
in
the
state
and
is
headquartered
outside
of
Iowa.
15
The
department
shall
determine
the
cost
and
feasibility
of
16
reorganizing
or
reallocating
the
assets
of
any
such
public
17
utility
in
a
way
that
maximizes
the
benefit
to
electric
and
18
natural
gas
customers
within
the
public
utility’s
current
19
service
territory.
The
department
shall
submit
a
report
20
detailing
its
findings
and
recommendations
to
the
general
21
assembly
on
or
before
December
15,
2026.
22
EXPLANATION
23
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
24
the
explanation’s
substance
by
the
members
of
the
general
assembly.
25
This
bill
provides
for
a
study
to
determine
the
cost
and
26
feasibility
of
the
state
of
Iowa
acquiring
certain
public
27
utilities
or
their
assets.
28
The
bill
includes
legislative
findings
stating
that
certain
29
public
utilities
subject
to
rate
regulation
are
derelict
in
30
their
obligations
to
customers
and
have
engaged
in
conduct
31
unsuitable
for
entities
operating
as
government-sanctioned
32
monopolies.
33
The
bill
requires
the
department
of
administrative
services
34
(department)
to
work
with
a
large
investment
firm,
selected
at
35
-1-
LSB
6573YH
(2)
91
sb/js
1/
2
H.F.
2238
the
department’s
discretion,
to
conduct
a
study
to
determine
1
the
cost
and
feasibility
of
the
state
of
Iowa
acquiring
a
2
public
utility
that
is
subject
to
rate
regulation
under
Code
3
chapter
476,
or
the
public
utility’s
assets
within
the
state,
4
that
provides
electric
and
natural
gas
service
to
more
than
5
200,000
customers
in
Iowa
and
is
headquartered
outside
the
6
state.
7
The
bill
further
requires
the
study
to
determine
the
cost
8
and
feasibility
of
reorganizing
or
reallocating
the
assets
of
9
any
such
public
utility
in
a
way
that
maximizes
the
benefit
to
10
electric
and
natural
gas
customers
within
the
utility’s
current
11
service
territory.
The
bill
requires
the
department
to
submit
12
a
report
detailing
its
findings
and
recommendations
to
the
13
general
assembly
by
December
15,
2026.
14
-2-
LSB
6573YH
(2)
91
sb/js
2/
2