A bill for an act relating to certain public utilities, including the development of ratemaking principles permitted for recovery costs of certain investments in infrastructure by water and wastewater utilities and cost considerations for acquisitions of water, sanitary sewer, or storm water utilities. (Formerly SSB 3068.) Effective date: 07/01/2026.

This bill allows water and wastewater utilities in Iowa to set specific guidelines for how they can recover costs for investments in infrastructure. It also addresses the financial considerations that come into play when these utilities acquire other water or sewer systems. The bill is set to take effect on July 1, 2026.

Supporters of the bill argue that it will help modernize Iowa's water and wastewater infrastructure by providing clear guidelines for cost recovery. They believe this will encourage investment in necessary upgrades and ensure reliable services for communities across the state.

Critics of the bill contend that it may lead to higher costs for consumers as utilities pass on infrastructure expenses. They express concerns that the bill could prioritize utility profits over affordable access to essential services for residents.