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IN SB0360
Bill
Status
1/8/2015
Primary Sponsor
Mark Messmer
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AI Summary
SB 360 Summary
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Amends IC 4-4-11.6-14 to simplify the utility regulatory commission approval process for substitute natural gas contracts by the Indiana finance authority.
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Removes time-based distinctions and now requires commission approval for all purchase contracts for substitute natural gas from coal gasification facilities, regardless of when entered into.
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Requires commission approval for any amendments, addenda, or other modifications made to purchase contracts at any time.
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Continues to require commission approval for any other agreements between the Indiana finance authority and a producer of substitute natural gas.
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Effective July 1, 2015.
Legislative Description
IURC approval of substitute natural gas contracts. Requires the Indiana finance authority (authority) to submit the following to the utility regulatory commission (commission) for approval: (1) A contract for the purchase of substitute natural gas (purchase contract). (2) An amendment to a purchase contract. (Current law requires the authority to submit the following to the commission for approval: (1) A purchase contract submitted before January 1, 2012, for approval and amendments. (2) A purchase contract entered into after December 31, 2012. (3) Amendments made at any time to any purchase contract. (4) Any other agreements between the authority and a
Last Action
First Reading: referred to Committee on Utilities
1/8/2015