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IN SB0178
Bill
Status
1/6/2015
Primary Sponsor
James Merritt
Click for details
AI Summary
- Expands clean energy financial incentives to include construction of new nuclear energy facilities in Indiana built after June 30, 2015, 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, 2015
- Redefines "qualified utility system expenses" to include preconstruction costs for new energy production facilities and new nuclear energy production facilities
- Adds language to legislative findings emphasizing state support for "study, analysis, development, construction, and life cycle management of nuclear energy production or generating facilities"
- Effective July 1, 2015
Legislative Description
Nuclear energy projects. Provides that projects involving the construction of nuclear energy production or generating facilities qualify for the financial incentives available for clean energy projects. (Current law provides that only projects involving the life cycle management of such facilities qualify for the incentives.) For purposes of the statute governing the incentives, amends the definition of: (1) "nuclear energy production or generating facility" to include a facility constructed in Indiana after June 30, 2015; and (2) "qualified utility system expenses" to specify that the term includes preconstruction costs and applies to a new energy production or generating facility or a
Last Action
First Reading: referred to Committee on Utilities
1/6/2015