IN HB1007 | 2023 | Regular Session

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 9-0)
Status: Passed on April 20 2023 - 100% progression
Action: 2023-04-20 - Public Law 55
Text: Latest bill text (Enrolled) [PDF]

Summary

Electric utility service. Provides that it is the continuing policy of the state that decisions concerning Indiana's electric generation resource mix, energy infrastructure, and electric service ratemaking constructs must take into account the following attributes of electric utility service: (1) Reliability. (2) Affordability. (3) Resiliency. (4) Stability. (5) Environmental sustainability. Requires the Indiana utility regulatory commission (IURC) to take each of these attributes into account when: (1) reviewing, and preparing a final director's report for, an integrated resource plan submitted by an electric utility; (2) acting upon a petition for the construction, purchase, or lease of an electric generation facility; and (3) reviewing whether the public convenience and necessity continues to require the completion of an electric generation facility under construction. Requires the IURC to commence before September 1, 2023, a comprehensive study to consider the appropriate: (1) design and framework for; and (2) requirements with respect to; performance based ratemaking for investor-owned electricity suppliers. Sets forth certain topics that the IURC shall consider and evaluate in conducting the required study. Requires the IURC to include in its annual report that is due before October 1, 2025, a report containing the IURC's analysis and recommendations on the specified topics. Provides that the report must contain recommendations, supported by sufficient data and analysis from the IURC's study, with respect to the appropriate: (1) design and framework for; and (2) requirements with respect to; performance based ratemaking for electricity suppliers, so as to enable the general assembly to fully evaluate the impact of performance based ratemaking on all classes of ratepayers, while considering the five attributes of electric utility service set forth as state policy in the bill. Amends the statute governing reliability adequacy metrics for certain electric utilities ("public utilities" under the statute) as follows: (1) Defines the terms: (A) "fall unforced capacity", or "fall UCAP"; and (B) "spring unforced capacity", or "spring UCAP"; for purposes of the prescribed reliability adequacy metrics. (2) Reduces to 15% the 30% limit (under current law) for a public utility's summer or winter unforced capacity (UCAP) that the public utility is authorized to acquire from capacity markets, for purposes of the reliability adequacy metrics included in a resource planning report (report) submitted to the IURC after June 30, 2023. (3) Provides that the reliability metrics included in a report submitted to the IURC after June 30, 2026, must include specified information concerning a public utility's ability to meet its spring UCAP and fall UCAP. (4) Provides that if, after reviewing a public utility's report, the IURC is not satisfied that the public utility can: (A) provide reliable electric service to its Indiana customers; or (B) either: (i) satisfy both its planning reserve margin requirement or other federal reliability requirements and the reliability adequacy metrics set forth in the bill; or (ii) provide sufficient reason as to why it is unable to satisfy both its planning reserve margin requirement or other federal reliability requirements and the reliability adequacy metrics set forth in the bill; the IURC may conduct an investigation into the matter. (Current law does not require the IURC to consider whether the public utility can provide sufficient reason as to its inability to satisfy both its planning reserve margin requirement or other federal reliability requirements and the reliability adequacy metrics set forth in the bill.) (5) Requires the IURC to include in its 2025 annual report its analysis regarding the appropriate percentage or portion of: (A) total spring UCAP; and (B) total fall UCAP; that public utilities should be authorized to acquire from capacity markets.

Tracking Information

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Title

Electric utility service.

Sponsors


Roll Calls

2023-03-28 - House - House - House concurred in Senate amendments (Y: 93 N: 2 NV: 0 Abs: 5) [PASS]
2023-03-20 - Senate - Senate - Third reading (Y: 48 N: 0 NV: 1 Abs: 1) [PASS]
2023-01-30 - House - House - Third reading (Y: 96 N: 1 NV: 0 Abs: 3) [PASS]
2023-01-26 - House - House - Amendment #3 (Pryor) failed (Y: 28 N: 63 NV: 1 Abs: 8) [FAIL]
2023-01-26 - House - House - Amendment #1 (Errington) failed (Y: 27 N: 64 NV: 1 Abs: 8) [FAIL]
2023-01-26 - House - House - Amendment #2 (Pierce) failed (Y: 30 N: 61 NV: 1 Abs: 8) [FAIL]

History

DateChamberAction
2023-04-20HousePublic Law 55
2023-04-20HouseSigned by the Governor
2023-04-17SenateSigned by the President of the Senate
2023-04-06SenateSigned by the President Pro Tempore
2023-04-06HouseSigned by the Speaker
2023-03-28HouseHouse concurred in Senate amendments; Roll Call 318: yeas 93, nays 2
2023-03-27HouseMotion to concur filed
2023-03-21SenateReturned to the House with amendments
2023-03-20SenateThird reading: passed; Roll Call 227: yeas 48, nays 0
2023-03-16SenateSecond reading: ordered engrossed
2023-03-13SenateSenators Leising and Byrne added as cosponsors
2023-03-13SenateSenator Donato added as third sponsor
2023-03-13SenateSenator Zay added as second sponsor
2023-03-13SenateCommittee report: amend do pass, adopted
2023-02-23SenateFirst reading: referred to Committee on Utilities
2023-01-31HouseReferred to the Senate
2023-01-30HouseRepresentative Frye added as coauthor
2023-01-30HouseSenate sponsor: Senator Koch
2023-01-30HouseThird reading: passed; Roll Call 37: yeas 96, nays 1
2023-01-26HouseSecond reading: ordered engrossed
2023-01-26HouseAmendment #2 (Pierce) failed; Roll Call 34: yeas 30, nays 61
2023-01-26HouseAmendment #1 (Errington) failed; Roll Call 33: yeas 27, nays 64
2023-01-26HouseAmendment #3 (Pryor) failed; Roll Call 32: yeas 28, nays 63
2023-01-24HouseCommittee report: amend do pass, adopted
2023-01-12HouseFirst reading: referred to Committee on Utilities, Energy and Telecommunications
2023-01-12HouseAuthored by Representative Soliday
2023-01-12HouseCoauthored by Representatives Jeter and Negele

Subjects


Indiana State Sources


Bill Comments

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