Indiana Code 8-1-31-15.5. Municipally owned utilities and not-for-profit utilities; resetting of adjustment amount upon approval of new basic rates and charges that include eligible infrastructure improvements
Current as of: 2023 | Check for updates
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Sec. 15.5. (a) This section applies only to an eligible utility that is:
(2) a not-for-profit utility.
(1) a municipally owned utility; or
Terms Used In Indiana Code 8-1-31-15.5
- adjustment amount: means the amount proposed in a petition filed under section 8 of this chapter to allow the adjustment of an eligible utility's basic rates and charges to provide for recovery of infrastructure improvement costs. See Indiana Code 8-1-31-1.3
- commission: refers to the Indiana utility regulatory commission. See Indiana Code 8-1-1-1
- eligible infrastructure improvements: means projects that:
Indiana Code 8-1-31-5
- eligible utility: means a:
Indiana Code 8-1-31-5.2
- infrastructure improvement costs: means the following:
Indiana Code 8-1-31-5.5
- not-for-profit utility: has the meaning set forth in IC 8-1-2-125(a). See Indiana Code 8-1-31-5.9
(b) An eligible utility’s adjustment amount approved under section 8 or 10 of this chapter shall be reset to zero (0) upon the approval of new basic rates and charges for the eligible utility by the commission in a general rate case that results in the inclusion of eligible infrastructure improvements in the eligible utility’s basic rates and charges. However, an adjustment amount approved under this chapter shall not be reset to zero (0) to the extent infrastructure improvement costs approved previously by the commission have not been fully collected.
As added by P.L.61-2022, SEC.11. Amended by P.L.39-2023, SEC.7.