Indiana Code 8-1-39-11. Extension of gas or electric service to targeted economic development project; approval by Indiana economic development corporation of costs as TDSIC costs; rural gas service
(b) A public utility shall apply to the Indiana economic development corporation for approval to treat costs associated with a targeted economic development project as TDSIC costs. Costs approved by the Indiana economic development corporation shall be treated as TDSIC costs and may be recovered through a TDSIC under section 12 of this chapter. The TDSIC revenues associated with a targeted economic development project shall not be included in a public utility’s total retail revenues for purposes of determining an aggregate increase under section 14 of this chapter.
Terms Used In Indiana Code 8-1-39-11
- 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.
- public utility: means :
Indiana Code 8-1-39-4
- targeted economic development project: means a project approved by the commission under section 10(c) of this chapter. See Indiana Code 8-1-39-5
- TDSIC: refers to a transmission, distribution, and storage system improvement charge. See Indiana Code 8-1-39-6
- TDSIC costs: means the following costs incurred with respect to eligible transmission, distribution, and storage system improvements incurred both while the improvements are under construction and post in service:
Indiana Code 8-1-39-7
- TDSIC revenues: means revenues produced through a TDSIC and excluding revenues from all other rates and charges. See Indiana Code 8-1-39-8
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(1) the developer of the targeted economic development project; or
(2) a local, regional, or state economic development organization.
As added by P.L.133-2013, SEC.5. Amended by P.L.89-2019, SEC.5.