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| Iowa Restructuring
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Last Updated: September 2008 05/08: The three-member Iowa Utilities Board today voted unanimously that it is presently not in the public interest for any of the five cities of Everly, Kalona, Rolfe, Terril, and Wellman to replace Interstate Power and Light Company as the provider of electric service in their respective communities. The Board raised concerns about utility operation and maintenance costs as well as future energy costs if certificates for municipal electric service were granted. A lack of evidence demonstrating that energy efficiency planning and programming would be maintained at least at its current level in those communities was also cited. 09/07: The Iowa Utilities Board allowed Interstate Power and Light Company (IPL) to sell its electric transmission assets to ITC, which is an independent transmission company and a subsidiary of ITC Midwest. Board analysis found that any potential impacts on the residential electric rates of customers should be minimal to the extent that any cost increases will be mitigated by IPL’s commitment to share benefits of the sale with its customers through refunds over an eight-year period. 04/01: The Iowa Utilities Board (IUB) issued an order closing Docket No. NOI-95- 1, "Inquiry Into Emerging Competition in the Electric Industry" on April 17, 2001. 04/00: Proposed restructuring legislation died in Iowa as the legislative session ended in April without further action on Senate File 2361 or House File 2530. 06/99: The Deregulation and Restructuring of the Electric Utility Industry Study Committee released its final report. The committee was established by the Legislative Council. The Committee was authorized to conduct five meetings during the 1998 Interim, but made no formal recommendations. 02/99: The IUB announced MidAmerican would offer a 2-year pilot program in Council Bluffs. An education program was beginning and customer sign-up for the pilot was scheduled to begin 4/99, and delivery of power by 5/99. 11/98: MidAmerican Energy and the IUB chose the community of Council Bluffs to participate in MidAmerican’s pilot program. The program would allow about 15,000 residential and 2,000 small business consumers to have retail choice. 08/98: IUB approved MidAmerican’s pilot, the first major electric choice pilot program in the State which expected to include about 15 large consumers. The following residential pilot, proposed in 5/98, was yet to be approved. 05/98: MidAmerican filed a proposal with the IUB for a pilot program to allow 15,000 residential and 2,000 small commercial customers (making up approximately 3 percent of the small commercial customers) to choose their power supplier competitively. 05/98: Senate File 2416 was signed by the Governor. It would replace property taxes on electric utilities with excise taxes imposed on generation, transmission and delivery of electricity. The changes in tax law were to address concerns that under deregulation, non-Iowa suppliers would have a competitive advantage over Iowa-based companies that were paying property taxes. 09/97: MidAmerican Energy proposed a wheeling pilot for commercial and industrial customers for 60 MW of load in first year and an additional 15 MW each following year. 09/97: The IUB adopted its "Action Plan to Develop a Competitive Model for the Electric Industry in Iowa." The plan included a statewide pilot program for residential and commercial customers (about 3 percent of load) over 2 years. 05/96: The IUB adopted principles for restructuring the electric power industry. 02/96: The IUB appointed a 28 member Advisory Group to study restructuring. | ||||||||