IN SB0272

Beginning July 1, 2027, nonresidential customers of investor-owned utilities with aggregate electricity demand exceeding 1 megawatt may purchase electric supply service from licensed competitive electricity suppliers while continuing to receive transmission and distribution service from their incumbent utility

The Indiana Utility Regulatory Commission (IURC) must establish a cap system starting at minimum 20% of each utility's total retail sales, with caps only adjustable upward; eligible customers exceeding the cap are placed in a queue and served as capacity allows

Competitive electricity suppliers must obtain IURC licenses by paying a $10,000 annual fee, maintaining a $1 million surety bond, and demonstrating financial, managerial, and technical capability

Incumbent utilities are prohibited from charging transition or exit fees to departing customers and must provide itemized billing after June 30, 2027 showing separate line items for distribution, transmission, generation, program charges, and taxes

Municipally owned utilities and rural electric cooperatives may voluntarily opt into the competitive supply framework through an IURC-established procedure