IN SB0234

Standard tariffs offered by energy utilities after March 14, 2026 to large load customers (those requesting demand exceeding 5% of average peak demand or 150 megawatts) must require full reimbursement of all project costs allocable to that customer, regardless of whether they ultimately take service as anticipated

Rate increase caps for proceedings filed after December 31, 2025: the IURC cannot approve basic rate increases for any customer class that exceed the average monthly percentage change in U.S. seasonally adjusted electricity or gas prices over a specified period ending with the utility's test period

Utilities prohibited from recovering through retail rates any costs related to lobbying, political activities, charitable giving, trade association dues, litigation on legislation, investor relations, executive travel/entertainment, aircraft use, or marketing for unregulated products and services

Beginning in 2026, utilities must file annual reports with the IURC detailing all costs for prohibited activities, including employee compensation, third-party vendor payments, and organizational information for staff engaged in these activities; reports must be published on the IURC website

Legislative council urged to assign the interim study committee on energy, utilities, and telecommunications to study utility use of tracker mechanisms during the 2026 interim, examining their types, customer bill impacts, and effects on reliability, affordability, and sustainability