Enrolled House Bill (H)

Authored by

DIGEST

Infrastructure development zone utility service. Provides that facilities used by a wastewater utility in the collection or treatment of wastewater constitute "eligible infrastructure" for purposes of the law providing a property tax exemption to a person who invests in eligible infrastructure located in an infrastructure development zone. Authorizes a public utility that provides water utility service to petition the utility regulatory commission (IURC) for approval of a plan (plan) to develop a future source of water source supply. Requires the IURC to approve the plan if the IURC finds that the plan is reasonable and prudent for the provision of Infrastructure development zone utility service. Provides that facilities used by a wastewater utility in the collection or treatment of wastewater constitute "eligible infrastructure" for purposes of the law providing a property tax exemption to a person who invests in eligible infrastructure located in an infrastructure development zone. Authorizes a public utility that provides water utility service to petition the utility regulatory commission (IURC) for approval of a plan (plan) to develop a future source of water source supply. Requires the IURC to approve the plan if the IURC finds that the plan is reasonable and prudent for the provision of safe and reliable service. Provides that the timetable to place the future source of water supply into service may not exceed 15 years from the date on which the plan is submitted. Provides that after the utility's plan is approved, the IURC shall for ratemaking purposes add the utility's actual cost in developing the future source of water supply to the value of the utility's property. Provides that if the utility's actual cost exceeds the cost presented to the IURC, the additional costs shall be included once the source of water supply is in service if the IURC finds that the additional costs were prudently incurred. Provides that if the utility's petition is approved and the utility does not place the future source of water supply into service before the date set forth in the utility's timetable: (1) the ratemaking treatment of the utility's actual costs does not apply, unless the utility obtains the IURC's approval for amendment of the utility's plan to extend the timetable; and (2) the IURC shall establish a refund procedure to restore to ratepayers all payments that the public utility collected for costs for developing the future source of water supply, with interest, and shall remove the value added for ratemaking purposes to the utility's property for those costs. Provides that upon request by a water or wastewater utility, the IURC may allow, but may not require, the utility to establish a customer assistance program that: (1) uses state or federal infrastructure funds; or (2) provides financial relief to residential customers who qualify for income related assistance. Specifies that a customer assistance program that affects rates and charges for service is not discriminatory for purposes of any law regulating rates and charges for service. Provides that a water or wastewater utility that is requested to extend utility service to an infrastructure development zone may petition the IURC for approval of the requested extension of service. Provides that if the utility's petition is approved, the IURC shall in future general rate cases approve rate schedules that include a surcharge payable by customers located in the geographic area within the jurisdiction of the governmental entity that requested the extension of service. Amends the statute concerning infrastructure improvement charges for eligible water and wastewater utilities to: (1) change the definition of "eligible infrastructure improvements" with respect to municipally owned utilities and not-for-profit utilities; and (2) specify that the adjustment of an eligible utility's basic rates and charges to provide for the recovery of infrastructure improvement costs shall be calculated as a monthly fixed charge based upon meter size. Allows a public water utility to seek to include customer lead service line improvements as eligible infrastructure improvements for purposes of the statute concerning infrastructure improvement charges for water and wastewater utilities. Provides that the statute governing public works projects by political subdivisions does not apply to a project involving the extension or installation of utility infrastructure by a private developer of land if certain conditions are met. ... View more