Indiana Code 8-1-40.5-6. “Qualified costs”
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Sec. 6. As used in this chapter, “qualified costs”, with respect to an electric generation facility that will be retired from service by an electric utility not later than twenty-four (24) months after the filing of a petition by the electric utility under section 10 of this chapter, means the net original cost of the facility and any associated investments, as reflected on the electric utility’s accounting system, and as adjusted for depreciation to be incurred until the facility is retired, together with:
(A) removal; and
(1) costs of:
Terms Used In Indiana Code 8-1-40.5-6
- electric utility: means a public utility (as defined in IC 8-1-2-1(a)) that meets the following criteria:
Indiana Code 8-1-40.5-3
- securitization bonds: means bonds, debentures, notes, certificates of participation, certificates of a beneficial interest, certificates of ownership, or other evidences of indebtedness that:
Indiana Code 8-1-40.5-7
- securitization charges: means nonbypassable amounts that are:
Indiana Code 8-1-40.5-8
(B) restoration, as applicable;
of the facility, any associated improvements, and facility grounds;
(2) the applicable portion of investment tax credits associated with the facility and any associated investments;
(3) costs of issuing, supporting, and servicing securitization bonds;
(4) taxes related to the recovery of securitization charges; and
(5) any costs of retiring and refunding the electric utility’s existing debt and equity securities in connection with the issuance of securitization bonds.
As added by P.L.80-2021, SEC.1.