IC 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

Sec. 15.5. (a) This section applies only to an eligible utility that is:

(1) a municipally owned utility; or

(2) a not-for-profit utility.

(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.

As added by P.L.61-2022, SEC.11.