Iowa Code

Iowa Code § 390.8 (2026)

Equity investment in independent transmission company

✓ current as of July 2026

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In addition to the powers conferred upon a city elsewhere in this chapter, any city operating a city electric utility on January 1, 2003, may enter into agreements with and acquire equity interests in independent transmission companies or similar independent transmission entities in which they are participating that are approved by the federal energy regulatory commission. The purpose of such equity investments shall be to mitigate expenses incurred by the city electric utility due to its procurement of electric transmission service or to otherwise facilitate investment in transmission facilities and shall not be for general city or city utility investment purposes. 2003 Acts, ch 116, §1

Notes of Decisions

Cited in 3 cases, 1974–2014 · leading case: Hawkeye Land Co. v. Iowa Utils. Bd., 847 N.W.2d 199 (Iowa 2014).

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Hawkeye Land Co. v. Iowa Utils. Bd., 847 N.W.2d 199 (Iowa 2014). · cites it 4× “IUB recognized ITC Midwest as an independent transmission company in 2007. That year, IUB gave ITC Midwest its approval to purchase the electric transmission assets of Interstate Power and Light Company (IPL).”

Douglass v. Iowa City, 218 N.W.2d 908 (Iowa 1974). · cites it 10× “In division II plaintiffs alleged defendants proposed to pay costs of maintenance and meter enforcement costs from the general fund rather than from funds derived from the operation of parking meters as required by § 390.8, The Code. Plaintiffs prayed the City be permanently…”

Hawkeye Land Co. v. Iowa Utils. Bd. (Iowa 2014). · cites it 4× “That section allows “any city operating a city electric utility [to] enter into agreements with and acquire equity interests in independent transmission companies.” Id. IUB recognized ITC Midwest as an independent transmission company in 2007.”

— Iowa Code § 390.8(3) — 1 case

Douglass v. Iowa City, 218 N.W.2d 908 (Iowa 1974). “In division II plaintiffs alleged defendants proposed to pay costs of maintenance and meter enforcement costs from the general fund rather than from funds derived from the operation of parking meters as required by § 390.8, The Code. Plaintiffs prayed the City be permanently…”

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