Indiana § 8-1-40-17 Commission's review of rate petition; notice and hearing; approval of
rate; calculation

Indiana Statutes

§ 8-1-40-17 — Commission's review of rate petition; notice and hearing; approval of rate; calculation

Indiana·Art. 1 UTILITIES GENERALLY·Ch. 40 Distributed Generation

The commission shall review a petition filed under section 16 of this chapter by an electricity supplier and, after notice and a public hearing, shall approve a rate to be credited to participating customers by the electricity supplier for excess distributed generation if the commission finds that the rate requested by the electricity supplier was accurately calculated and equals the product of:

(1)the average marginal price of electricity paid by the electricity supplier during the most recent calendar year; multiplied by

(2)one and twenty-five hundredths (1.25).

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The commission shall review a petition filed
under section 16 of this chapter by an electricity supplier and, after
notice and a public hearing, shall approve a rate to be credited to
participating customers by the electricity supplier for excess distributed
generation if the commission finds that the rate requested by the
electricity supplier was accurately calculated and equals the product of:
(1) the average marginal price of electricity paid by the electricity
supplier during the most recent calendar year; multiplied by
(2) one and twenty-five hundredths (1.25).

Indiana § 8-1-40-17 (Commission's review of rate petition; notice and hearing; approval of rate; calculation) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.