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IN HB1551
Bill
Status
1/23/2017
Primary Sponsor
Heath VanNatter
Click for details
AI Summary
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Public water utilities may petition the utility regulatory commission for approval to develop future water supply sources, with commission approval required if the proposed source is reasonably needed within the utility's service timeline.
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After plan approval, utilities may include actual development costs for future water supplies in their rate base for ratemaking purposes, even if the supply is not yet operational.
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Water and wastewater utilities may petition for rate adjustments to recover "sustainability costs" including federal or local environmental compliance, lead service line replacement, and health and safety improvements.
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The commission must approve sustainability improvement plans within specific timeframes (210 days for plan approval, 60 days for rate adjustment petitions) and utilities must obtain commission approval before seeking rate recovery for most sustainability improvements.
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Unregulated water utilities may voluntarily implement sustainability plans, and those seeking Indiana Finance Authority financing must develop lead service line replacement programs.
Legislative Description
Water supply development and sustainability costs. Authorizes a public utility that provides water utility service to petition the utility regulatory commission (commission) for approval of a plan to develop a future source of water supply. Requires the commission to approve the plan if the commission finds that the proposed future source of supply is reasonably needed within the utility's timetable for providing reasonably adequate service. Provides that, after the utility's plan is approved, the commission shall, for ratemaking purposes, add the costs incurred by the utility in developing the future source of water supply to the value of the water
Last Action
First reading: referred to Committee on Utilities, Energy and Telecommunications
1/23/2017