A bill for an act relating to customer classes for large energy use facilities, and including applicability provisions.

HF 2261 creates a new customer class for large energy use facilities (defined as facilities using 20+ megawatts primarily engaged in specific services) served by electric or water utilities in Iowa. It requires utilities to establish separate rates, charges, and schedules for these facilities, ensuring costs directly assigned to them - like grid or water service loads - do not shift to other customers. The Iowa Utilities Commission must approve these rates, ensuring they prevent other customers from bearing unwarranted costs while promoting equitable contributions to grid and system efficiency. The bill applies to facilities constructed or expanded on or after January 1, 2027.