Iowa Code 476.71 – Purpose
Current as of: 2024 | Check for updates
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Terms Used In Iowa Code 476.71
- public utility: shall include any person, partnership, business association, or corporation, domestic or foreign, owning or operating any facilities for:a. See Iowa Code 476.1
- Rates: means the same as defined in section 384. See Iowa Code 476.1A
It is the intent of the general assembly that a public utility should not directly or indirectly include in regulated rates or charges any costs or expenses of an affiliate engaged in any business other than that of utility business unless the affiliate provides goods or services to the public utility. The costs that are included should be reasonably necessary and appropriate for utility business. It is also the intent of the general assembly that a public utility should only provide nonutility services in a manner that minimizes the possibility of cross-subsidization or unfair competitive advantage.