A bill for an act relating to energy systems by modifying electric power generation, energy storage, and transmission facility ratemaking principles, creating tariffs for public utility innovation programs, implementing land restoration standards, including right of first refusal, modifying the energy infrastructure revolving loan program, and creating regulations for anaerobic digester systems, making appropriations, providing penalties, and including effective date and applicability provisions.

SSB 1112 modifies how Iowa utilities set rates for new energy projects, directly affecting electric utilities and developers building power generation, storage, or transmission facilities. It establishes a process for utilities to get advance approval for rate adjustments when investing in large projects (like 340+ MW facilities) or specific upgrades (e.g., repowering coal plants, adding carbon capture, or energy storage). The bill also creates new rules for land restoration after projects, adds "right of first refusal" for landowners, updates a revolving loan program for energy infrastructure, and sets regulations for anaerobic digester systems. These changes aim to streamline approvals for diverse energy projects while requiring utilities to consider economic development and carbon management.