Sec. 14. (a) Except as provided in subsection (b), the cost of common equity to be used in the calculation of the pretax return under section 13 of this chapter shall be the most recent determination by the commission in a general rate proceeding of the eligible utility.

     (b) If the commission finds that the most recent determination described in subsection (a) is no longer representative of current conditions, the commission may, after notice and hearing, make a new determination of the common equity cost rate for use in determining the charge. The most recent prior determination shall be used pending any redetermination under this subsection.

As added by P.L.137-2020, SEC.15.

Terms Used In Indiana Code 8-1-31.7-14

  • commission: refers to the Indiana utility regulatory commission. See Indiana Code 8-1-1-1
  • eligible utility: means :

    Indiana Code 8-1-31.7-3

  • pretax return: means the revenues necessary:

    Indiana Code 8-1-31.7-5

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