IN SR0045

Urges the legislative council to assign utility regulation, utility rate making, and utility planning in Indiana to the Regulatory Flexibility Committee for study.

Cites that Indiana utility rates have increased over 35 percent since 2003, reducing ratepayers' ability to afford service during recent economic downturns.

Identifies that ratepayers include residential consumers, businesses, schools, nonprofits, and government entities that depend on adequate, reliable, and affordable utility service.

Notes that state law requires utilities to provide least-cost service and the Indiana Utility Regulatory Commission to balance ratepayer and utility interests.

States that standing committees need comprehensive understanding of the regulatory process, challenges faced by utilities and customers, and the roles of the Indiana Utility Regulatory Commission and Office of Utility Consumer Counselor.