A bill for an act providing for a study to determine the cost and feasibility of acquiring certain public utilities or their assets.

HF 2238 is a study bill requiring the Iowa Department of Administrative Services to examine the cost and feasibility of the state acquiring certain public utilities or their assets. It targets electric and natural gas utilities regulated under Iowa law that serve over 200,000 customers in Iowa and are headquartered outside the state. The study must assess acquisition costs, feasibility, and how to reorganize assets to maximize benefits for customers within the utility’s current service area. The department must submit findings and recommendations to the legislature by December 15, 2026. This bill does not authorize acquisition but mandates a review process.