House Bill 1211 Summary

• Requires the Indiana Utility Regulatory Commission (IURC) to review and revise a utility's basic rates and charges within two years of approving any rate adjustment mechanism for energy utilities.

• Mandates that the IURC use general rate case procedures when conducting the required review of utility rates.

• Allows utilities to seek additional rate adjustment mechanisms while a review is pending, and permits the IURC to combine reviews of multiple rate adjustment mechanisms.

• Defines "rate adjustment mechanism" as any mechanism other than a general rate case that allows utilities to recover certain costs through retail service rates.

• Applies to rate adjustment mechanisms approved after December 31, 2012, with an effective date of January 1, 2013 (retroactive).