IN HB1160

Requires the Indiana Utility Regulatory Commission to allow energy utilities to recover federally mandated compliance costs through periodic retail rate adjustment mechanisms

Defines "federally mandated costs" to include capital, operation, maintenance, depreciation, R&D, tax, and carrying costs for compliance with federal environmental laws, clean air standards, greenhouse gas emission reduction, and emission allowance purchases

Covers costs related to renewable portfolio or energy efficiency standards, including fuel switching projects at existing generating facilities to use natural gas

Includes costs for participation in industry reliability organizations such as regional transmission organizations, as well as transmission and distribution pipeline integrity and safety requirements

Declares an emergency, making the law effective immediately upon passage