Indiana Code 8-1-13.1-13. Joint development of alternative energy projects
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Sec. 13. (a) Two (2) or more corporations that are members of the same cooperatively owned power supplier may:
(2) share money drawn from their respective accounts in the fund with the corporations’ cooperatively owned power supplier, as long as the cooperatively owned power supplier uses the money for one (1) or more alternative energy projects in accordance with section 14 of this chapter.
(1) develop alternative energy projects jointly; and
Terms Used In Indiana Code 8-1-13.1-13
- cooperatively owned power supplier: means :
Indiana Code 8-1-13.1-3
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- corporation: means a corporation organized under IC 8-1-13 as a local district corporation (as defined in IC 8-1-13-23(b)). See Indiana Code 8-1-13.1-4
- fund: refers to the alternative energy incentive fund established by section 10 of this chapter. See Indiana Code 8-1-13.1-6
- retail energy service: has the meaning set forth in Indiana Code 8-1-13.1-8
(b) For purposes of determining the percentage of a corporation‘s total sales from the provision of retail energy service that is attributable to alternative energy projects under section 12 of this chapter, any joint project described in subsection (a)(1) shall be allocated among the participating corporations according to each corporation‘s respective investment in the joint project.
As added by P.L.151-2009, SEC.5.