HB 1374 Summary

• The Indiana Utility Regulatory Commission (IURC) must adopt rules by June 1, 2015 to establish an electric utility feed-in tariff (FIT) program requiring all jurisdictional electric utilities to offer FIT to eligible customers by July 1, 2015.

• Utilities must enter into contracts of at least 20 years to purchase electricity generated by Indiana renewable energy facilities at rates established by the IURC, with separate rates based on renewable resource type and facility capacity.

• Utilities cannot require a minimum facility size, but the IURC may approve program participation caps and maximum capacity limits (which must allow facilities under 20 megawatts to participate).

• Eligible customers include individuals, businesses, nonprofits, cooperatives, units of government, and school corporations that agree to pay for retail electric service at the renewable facility location, whether or not they are existing customers.

• The IURC must develop a standard contract form by June 1, 2015, establish interconnection standards, require utilities to retire any renewable energy credits earned, and include program information in annual reports to the regulatory flexibility committee.