Indiana Code 8-1-40.5-8. “Securitization charges”

Sec. 8. As used in this chapter, “securitization charges” means nonbypassable amounts that are:

(1) approved by the commission under a financing order to allow for the full recovery of qualified costs by an electric utility;

assignee: means any individual, corporation, or other legally recognized entity to which an interest in securitization property is transferred. See Indiana Code 8-1-40.5-1
commission: refers to the Indiana utility regulatory commission created by IC 8-1-1-2. See Indiana Code 8-1-40.5-2
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
financing order: means an order issued by the commission under section 10 of this chapter. See Indiana Code 8-1-40.5-4

(2) collected from all retail customers and customer classes of the electric utility, including any customer that:

(A) is participating in:

(i) a net metering program under 170 IAC 4-4.2;

(ii) a distributed generation program under IC 8-1-40; or

(iii) a feed-in-tariff program;

offered by the electric utility; or

(B) supplies at least part of the customer’s own electricity demand;

(3) charged for the use or availability of electric services; and

(4) collected by the electric utility, its successors, an assignee, or any other collection agent as provided for in the financing order.

As added by P.L.80-2021, SEC.1.