§ 8-1-37-10 — Adoption of rules establishing program

(a) Subject to subsection (d), the commission
shall adopt rules under IC 4-22-2 to establish the Indiana voluntary
clean energy portfolio standard program. The program established
under this section must be a voluntary program that provides incentives
to participating electricity suppliers that undertake to supply specified
percentages of the total electricity supplied to their Indiana retail
electric customers from clean energy.
(b) The rules adopted by the commission under this section to
establish the program must:
(1) incorporate:
(A) the CPS goals set forth in section 12(a) of this chapter;
(B) methods for measuring and evaluating a participating
electricity supplier's compliance with the CPS goals set forth in
section 12(a) of this chapter; and
(C) the financial incentives and periodic rate adjustment
mechanisms set forth in section 13 of this chapter;
(2) require the commission to determine, before approving an
application under section 11 of this chapter, that the approval of
the application will not result in an increase to the retail rates and
charges of the electricity supplier above what could reasonably be
expected if the application were not approved;
(3) take effect not later than January 1, 2012; and
(4) be consistent with this chapter.
(c) Upon the effective date of the rules adopted by the commission
under this section, an electricity supplier may apply to the commission
under section 11 of this chapter for approval to participate in the
program.
(d) The commission may adopt rules under IC 4-22-2 to adopt the
rules required by this section.

Legislative History

As added by P.L.150-2011, SEC.16. Amended by P.L.71-2022, SEC.9; P.L.93-2024, SEC.71.