SF 373 Iowa Senate · 2025-2026 Regular Session

A bill for an act relating to rate-regulated public utilities, including rate proceedings, automatic adjustments, ratemaking principles, and integrated resource plans.

This bill establishes new rules for Iowa's rate-regulated public utilities (like electric and gas companies). It limits rate filings to once every 12 months unless approved early, requires general rate cases by specific deadlines (July 1, 2028, then every three years), and restricts automatic rate adjustments to costs outside the utility's control - capping adjustments within 10% of approved amounts. Utilities must also file integrated resource plans every three years (starting July 2026), including detailed 20-year analyses of energy sources and costs, while demonstrating compliance with approved energy efficiency plans. These changes aim to increase rate stability and transparency for utility customers.
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 19, 2025 Last action Mar 4, 2025
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
4
Key actions
3
Committee
3
Mar 4, 2025
Legislature · Passed
Subcommittee recommends amendment and passage.
legislature
Feb 28, 2025
Legislature · Passed
Subcommittee Meeting: 03/04/2025 11:30AM Senate Lounge.
legislature
Feb 26, 2025
Upper · Passed
Subcommittee: Klimesh, Bousselot, and Knox.
upper
Feb 19, 2025
Introduced
Introduced, referred to Commerce.
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Mike Klimesh
Mike Klimesh
RRepublican
IA
32