IN HB1190

Requires grid operators to provide priority interconnections for renewable energy facilities and perform necessary grid upgrades, with interconnection costs borne by facility operators and upgrade costs borne by grid operators

Mandates energy utilities enter into 20-year contracts (40 years for hydropower) with renewable energy facility operators upon request, purchasing electricity at established minimum renewable energy rates that increase annually based on 60% of the Consumer Price Index

Establishes tiered renewable energy rates varying by energy source and facility size, with lower rates for facilities receiving federal incentives: solar ranges from $0.28-$0.65/kWh, wind from $0.084-$0.35/kWh, geothermal from $0.06-$0.19/kWh, hydropower from $0.08-$0.125/kWh, and biogas from $0.07-$0.185/kWh

Creates a statewide equalization system requiring the Indiana Utility Regulatory Commission (IURC) to calculate ratios of renewable energy purchases to total electricity supplied, with utilities below the statewide average paying equalization charges and those above receiving payments from a renewable energy equalization fund

Requires the IURC to establish a statewide registry of renewable energy facilities, review rates every two years beginning in 2012 for adequacy, and report annually to the regulatory flexibility committee; the obligation for utilities to enter mandatory contracts ends after June 30, 2030