Iowa Admin. Code r. 199-31.3

Current through Register Vol. 47, No. 5, September 4, 2024

Rule 199-31.3 - Annual filing

(1) On or before June 30 of each year, all public utilities shall file with the commission the following information:

a. An executive summary of each contract, arrangement, or other similar transaction between the public utility and an affiliate. The executive summary shall include the start and end date of the contract, the providing affiliate, the receiving affiliate, the total estimated dollar value, the dollar amount reported for the calendar year, and a description of the service or goods covered.

b. Verified copies of contracts, arrangements, or other similar transactions between the public utility and an affiliate are to be provided to the commission upon request. This includes all contracts, arrangements, or other similar transactions as required by Iowa Code sections 476.74(1) through 476.74(4).

(2) Contracts, arrangements, or other similar transactions with an affiliate where the consideration is not in excess of $250,000 or 5 percent of the capital equity of the utility, whichever is smaller, are exempt from this filing requirement. In lieu of the filing requirement, the public utility shall file on or before June 30 of each year a report of the total amount of each contract, arrangement, or other similar transactions with affiliates qualifying under this exemption. Each affiliate is to be identified separately.

(3) After an initial filing under this rule, only new contracts, arrangements, or other similar transactions and modifications or amendments to existing contracts, arrangements, or other similar transactions need to be reported on an annual basis. If there have been no new contracts, arrangements, or other similar transactions, the public utility may file a statement to that effect.

(4) If a new affiliate is created, if an existing affiliate is dissolved or merged, if a contractual arrangement or other similar transactional relationship between the public utility and an affiliate is created, or if a contractual arrangement or other similar transactional relationship is terminated between the public utility and an affiliate, the public utility shall notify the commission in writing within 60 days of the date of the event. This subrule does not apply if a proposal for reorganization pursuant to 199-Chapter 32 is to be filed with the commission or the affiliate does not conduct business with the public utility.

Iowa Admin. Code r. 199-31.3

Amended by IAB December 28, 2022/Volume XLV, Number 13, effective 2/1/2023

Adopted by IAB May 15, 2024/Volume XLVI, Number 24, effective 6/19/2024

Editorial change: IAC Supplement 7/24/2024