476.47 - ALTERNATE ENERGY PURCHASE PROGRAMS.

        476.47  ALTERNATE ENERGY PURCHASE PROGRAMS.         1.  Beginning January 1, 2004, an electric utility, whether or not      rate-regulated under this chapter, shall offer an alternate energy      purchase program to customers, based on energy produced by alternate      energy production facilities in Iowa.         2.  The board shall require electric utilities to file plans for      alternate energy purchase programs offered pursuant to this section.         a.  Rate-regulated electric utilities shall file plans for      alternate energy purchase programs that allow customers to contribute      voluntarily to the development of alternate energy in Iowa, and shall      file tariffs as required by the board by rule.         b.  Electric utilities that are not rate-regulated shall offer      alternate energy purchase programs at rates determined by their      governing authority, and shall file tariffs with the board for      informational purposes only.         3.  The electric utility shall notify consumers of its alternate      energy purchase program and any proposed modifications to such      program at least sixty days prior to implementation of the program or      any modification.         4.  For purposes of this section, an electric utility may base its      program on energy produced by alternate energy production facilities      located outside of Iowa under any of the following circumstances:         a.  The energy is purchased by the electric utility pursuant      to a contract in effect prior to July 1, 2001, and continues until      the expiration of the contract, including any options to renew that      are exercised by the electric utility.         b.  The electric utility has a financial interest, as of July      1, 2001, in the alternate energy production facility that is located      outside of Iowa, or in an entity that has a financial interest in an      alternate energy production facility located outside of Iowa.         c.  The energy is purchased by an electric utility that is not      rate-regulated and that is required to purchase all of its electric      power requirements from a single supplier that is physically located      outside of Iowa.         5.  This section shall not apply to non-rate-regulated electric      utilities physically located outside of Iowa that serve Iowa      customers.         6.  Any consumer-owned utility may apply to the board for a waiver      under this section, and the board, for good cause, may grant the      waiver.  
         Section History: Recent Form
         2001 Acts, 1st Ex, ch 4, §11, 36         Referred to in § 476.1A, 476.1B