The IUB invoices companies for two types of assessments:
Commerce direct assessments mirror IUB or Office of Consumer Advocate (OCA) staff time instantly related to a docket or problem for a specific agency.
The remainder assessments are costs for workers time that is related to work inside an commerce type nevertheless not billable to a specific docket.
Iowa Code § 476.10 authorizes the IUB to invoice and accumulate the remainder and commerce direct assessments based mostly totally on each agency’s net assessable revenues as reported in its newest Annual Report submitting. The net assessable revenues used to compute the fiscal 12 months the remainder assessments are listed on an invoice despatched to each utility. Direct assessments are invoiced quarterly and the remainder assessments are invoiced yearly.
IUB Billing Events
Billing event Interval lined Commerce Invoice date Due Date FY23 Q1 Direct 07/01-09/30/2022 All 11/09/2022 12/09/2022 FY23 Q2 Direct 10/01/2022-12/31/2022 All 02/01/2023* 03/01/2023* CY22 Twin Get collectively Relay Analysis 01/01/2022-12/31/2022 Telecom 05/01/2023* 06/01/2023* FY23 Q3 Direct 01/01/2023-03/31/2023 All 05/15/2023* 06/15/2023* FY23 This autumn Direct 04/01/2023-06/30/2023 All 08/01/2023* 09/01/2023* FY23 The remainder 07/01/2022-06/30/2023 All 11/01/2023* 12/01/2023*
* Anticipated
The IUB FY2023 the remainder/commerce direct analysis fees by commerce type are:
Billing components
To seek out out the billable amount for invoices, the IUB makes use of a billing cost that is evaluated yearly. The billing cost is the hourly cost determined by staff’s job classification and is designed to get properly IUB’s full budgeted payments a lot much less receipts from completely different sources (equal to federal help, intrastate receipts, fees, licenses or permits). IUB and OCA staff observe their time on an hourly basis for dockets and completely different initiatives, and the billing cost is calculated using exact wage and revenue info. Overhead costs are calculated and included inside the billing cost.
The billing cost is about using a base cost cases a component as follows:
Cost-Regulated Corporations
Electrical Utilities — $0.0007176183 or $0.72 Per $1,000 of Assessable Revenue
Gasoline Utilities — $0.0012923743 or $1.29 Per $1,000 of Assessable Revenue
Water Utilities — $0.0004096832 or $0.41 Per $1,000 of Assessable Revenue
Telecom Service Suppliers — $0.0036324413 or $3.63 Per $1,000 of Assessable Revenue
Non-Cost-Regulated Corporations
Electrical Utilities — $0.0003588092 or $0.36 Per $1,000 of Assessable Revenue
Gasoline Utilities — $0.0006461871 or $0.65 Per $1,000 of Assessable Revenue
Telecom Service Suppliers — $0.0018162206 or $1.82 Per $1,000 of Assessable Revenue
Base Cost = Widespread Wage ÷ 1,700 Hours
Concern = FY Legislative Authorization amount as determined by Administration and Regulation Bill (SF 2385) ÷ full direct billed salaries
For current calculations used, see this FY23 Billing Prices presentation.
Price selections
Corporations may pay analysis invoices electronically or by study. To pay the invoice by means of financial institution card, debit card, or ACH debit, the company ought to first affirm it would not have a debit block on its checking account, then contact its financial institution to allow the IUB’s ACH agency ID numbers (426004579Q and 426004579R) to bypass the block and debit the account.
Digital charge may be made using the State of Iowa Straightforward Pay web site.
To pay by study, please embrace a reproduction of the invoice and mail to:
Iowa Utilities Board
ATTN: Accounting & Assessments
1375 E. Courtroom Ave.
Des Moines, IA 50319-0069
Corporations may file an objection to invoices or assessments by following IUB tips found at 199 Iowa Administrative Code 17.10.
For information or assist, contact the IUB at 515-725-7300 or iub.billings@iub.iowa.gov.