§ 8-1-40.5-6 — "Qualified costs"

Indiana § 8-1-40.5-6

• Jurisdiction: Indiana
• Art. 1: UTILITIES GENERALLY
• Ch. 40.5: Pilot Program for Cost Securitization for Retired

Text

As used in this chapter, "qualified costs", with
respect to an electric generation facility that will be retired from service
by an electric utility not later than twenty-four (24) months after the
filing of a petition by the electric utility under section 10 of this
chapter, means the net original cost of the facility and any associated
investments, as reflected on the electric utility's accounting system, and
as adjusted for depreciation to be incurred until the facility is retired,
together with:
(1) costs of:
(A) removal; and
(B) restoration, as applicable;
of the facility, any associated improvements, and facility grounds;
(2) the applicable portion of investment tax credits associated
with the facility and any associated investments;
(3) costs of issuing, supporting, and servicing securitization
bonds;
(4) taxes related to the recovery of securitization charges; and
(5) any costs of retiring and refunding the electric utility's existing
debt and equity securities in connection with the issuance of
securitization bonds.

Legislative History

As added by P.L.80-2021, SEC.1.