IN SB0302

Expands eligibility for clean energy financial incentives to include construction of new nuclear energy production or generating facilities in Indiana after June 30, 2014, not just life cycle management of existing facilities.

Amends the definition of "nuclear energy production or generating facility" to include facilities constructed in Indiana after June 30, 2014, while maintaining requirements that facilities use nuclear reactors and serve Indiana customers primarily.

Expands the definition of "qualified utility system expenses" to explicitly include preconstruction costs such as siting, design, licensing, and permitting expenses for new energy production facilities or new nuclear facilities.

Adds "construction" as an encouraged activity for nuclear energy projects in the statute's statement of public interest, alongside study, analysis, development, and life cycle management.

Effective date is July 1, 2014.