476.47  ALTERNATE ENERGY PURCHASE PROGRAMS.
         1.  Beginning January 1, 2004, an electric utility, whether or not
      rate-regulated under this chapter, shall offer an alternate energy
      purchase program to customers, based on energy produced by alternate
      energy production facilities in Iowa.
         2.  The board shall require electric utilities to file plans for
      alternate energy purchase programs offered pursuant to this section.

         a.  Rate-regulated electric utilities shall file plans for
      alternate energy purchase programs that allow customers to contribute
      voluntarily to the development of alternate energy in Iowa, and shall
      file tariffs as required by the board by rule.
         b.  Electric utilities that are not rate-regulated shall offer
      alternate energy purchase programs at rates determined by their
      governing authority, and shall file tariffs with the board for
      informational purposes only.
         3.  The electric utility shall notify consumers of its alternate
      energy purchase program and any proposed modifications to such
      program at least sixty days prior to implementation of the program or
      any modification.
         4.  For purposes of this section, an electric utility may base its
      program on energy produced by alternate energy production facilities
      located outside of Iowa under any of the following circumstances:
         a.  The energy is purchased by the electric utility pursuant
      to a contract in effect prior to July 1, 2001, and continues until
      the expiration of the contract, including any options to renew that
      are exercised by the electric utility.
         b.  The electric utility has a financial interest, as of July
      1, 2001, in the alternate energy production facility that is located
      outside of Iowa, or in an entity that has a financial interest in an
      alternate energy production facility located outside of Iowa.
         c.  The energy is purchased by an electric utility that is not
      rate-regulated and that is required to purchase all of its electric
      power requirements from a single supplier that is physically located
      outside of Iowa.
         5.  This section shall not apply to non-rate-regulated electric
      utilities physically located outside of Iowa that serve Iowa
      customers.
         6.  Any consumer-owned utility may apply to the board for a waiver
      under this section, and the board, for good cause, may grant the
      waiver.  

         Section History: Recent Form

         2001 Acts, 1st Ex, ch 4, §11, 36
         Referred to in § 476.1A, 476.1B