Top Ranked State for Renewables Proposes ‘All-of-the-Above’ Energy Legislation
Iowa Gov. Kim Reynolds is unveiling a state energy bill she says will “build on Iowa’s energy leadership and ensure Iowa is well-positioned to support increasing energy demand while keeping electricity prices low and the grid strong.”
The state ranks first in the United States for renewable energy production at 64.3%, as well as in the top 10 for power grid reliability, while maintaining some of the lowest electricity prices in the country for residential, commercial and industrial consumers.
According to KIMT3 News, Gov. Reynolds’ bill proposes,
- Establishing a flexible rates tool to help electric utility companies attract new, large energy-using customers to Iowa.
- Modernizing the existing Energy Infrastructure Revolving Loan Program to allow businesses, municipalities, and port authorities to access low interest loans for critical energy and water-related infrastructure projects tied to economic development.
- Ensuring rate-regulated electric utilities file a non-contested integrated resource plan with the IUC once every five years.
