Text: HF661            Text: HF663
Complete Bill History


House File 662

HOUSE FILE BY GASKILL Passed House, Date Passed Senate, Date Vote: Ayes Nays Vote: Ayes Nays Approved A BILL FOR 1 An Act relating to the termination of a franchise agreement 2 granted by a city to a rate=regulated electric utility. 3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 4 TLSB 2993YH 81 5 kk/sh/8 PAG LIN 1 1 Section 1. Section 364.2, subsection 4, Code 2005, is 1 2 amended by adding the following new paragraph: 1 3 NEW PARAGRAPH. h. A city may terminate a franchise 1 4 granted to a rate=regulated electric utility which has 1 5 increased rates for electric service by fifteen percent or 1 6 more than the average rate increase implemented by all other 1 7 rate=regulated electric utilities providing service in this 1 8 state. To terminate a franchise pursuant to this paragraph, 1 9 the city shall provide written notice to the rate=regulated 1 10 electric utility of the city's intent to terminate the 1 11 franchise at least one year prior to the date of termination 1 12 of the franchise. 1 13 EXPLANATION 1 14 This bill relates to the termination of a franchise 1 15 agreement granted by a city to a rate=regulated electric 1 16 utility. The bill provides that a city may terminate the 1 17 franchise agreement of a rate=regulated electric utility which 1 18 has increased its rates for electric service by an amount 1 19 equal to 15 percent or more of the average rate increase 1 20 implemented by all other rate=regulated electric utilities 1 21 providing service in this state. A city may terminate a 1 22 franchise after providing written notice to the rate=regulated 1 23 electric utility at least one year prior to termination. 1 24 LSB 2993YH 81 1 25 kk:nh/sh/8
Text: HF661            Text: HF663 Complete Bill History