Sec. 13. In determining the amount of allowable recovery of customer lead service line improvement costs for a municipally owned utility, the commission may consider the following factors:

(1) Extensions and replacements, to the extent that the extensions and replacements are not provided for through depreciation, in the manner provided for in IC 8-1.5-3-8.

(2) Debt service on funds borrowed to pay for customer lead service line improvements.

(3) Depreciation expenses on customer lead service line improvements based on the same rate or rates of depreciation approved by the commission for the calculation of depreciation in the utility’s most recent rate case.

(4) Other components that the commission considers appropriate.

As added by P.L.137-2020, SEC.11.