IN HB1120

Public utilities that retire electric generation resources (125+ megawatts) before either the date in their integrated resource plan or the end of the resource's economically useful life cannot recover a return on asset retirement obligations in future rate cases, unless the IURC prohibits the retirement or the retirement is required by environmental laws

Applies to annual electric resource planning reports submitted to the Indiana Utility Regulatory Commission (IURC) after December 31, 2026

Makes conforming amendments to existing statutes on depreciation rates and asset retirement obligations, adding cross-references to the new cost recovery limitation

Takes effect immediately upon passage