Indiana Code 8-1-8.9-11. Qualified order for cost recovery

Sec. 11. (a) Notwithstanding any other law, the commission may, in accordance with this chapter and IC 8-1-2-42.1, issue a qualified order that:

(1) approves the terms of a qualified contract; and

commission: refers to the Indiana utility regulatory commission created by IC 8-1-1-2. See Indiana Code 8-1-8.9-2
Contract: A legal written agreement that becomes binding when signed.
energy utility: has the meaning set forth in Indiana Code 8-1-8.9-3
Property: includes personal and real property. See Indiana Code 1-1-4-5
qualified order: means a final and irrevocable order that:
Indiana Code 8-1-8.9-7
SNG: has the meaning set forth in Indiana Code 8-1-8.9-8

(2) authorizes the recovery of qualified costs by an energy utility from its customers.

(b) A qualified order issued under this section may not be:

(1) rescinded;

(2) nullified; or

(3) modified;

in such a manner that reduces or otherwise impairs the value of an SNG property interest.

As added by P.L.175-2007, SEC.21.