A bill for an act establishing a temporary prohibition on an increase in rates or charges by gas and electric public utilities, and including effective date provisions.

This bill temporarily prevents gas and electric public utilities in Iowa from raising customer rates or charges through December 31, 2030. It applies to all utilities providing gas or electric service, including smaller providers, electric cooperatives, and municipally owned utilities. The law prohibits any new or changed rates, automatic adjustments, or temporary rate increases that would result in higher bills for customers during this period. The Iowa Utilities Commission will oversee the regulation of this rate freeze for smaller utility providers. The bill takes effect immediately upon enactment.