§ 8-1-31-14 — Adjustment amount calculation; reconciliation

An adjustment amount proposed under
section 8 of this chapter may be calculated based on a reasonable
estimate of meter size in the period in which the charge will be in
effect. At the end of each twelve (12) month recovery period following
the date on which the commission initially approves an adjustment
amount for an eligible utility following the eligible utility's most recent
general rate case, and using procedures approved by the commission,
the eligible utility shall reconcile the difference between adjustment
revenues and infrastructure improvement costs during the recovery
period and recover or refund the difference, as appropriate, through
additional adjustments. In the case of an eligible utility that is a
municipally owned utility or a not-for-profit utility, the adjustment
amount shall be reset to zero (0) after all previously approved
infrastructure improvement costs have been collected, with the
exception of any amount necessary to reconcile the difference between
adjustment revenues and infrastructure improvement costs.

Legislative History

As added by P.L.94-2000, SEC.1. Amended by P.L.209-2014, SEC.13; P.L.212-2015, SEC.14; P.L.61-2022, SEC.9; P.L.39-2023, SEC.6.