DIGEST OF INTRODUCED BILL
Affiliated interests of regulated utilities. Gives the Indiana utility regulatory commission (IURC) broader access to the records of an affiliate of an electric or a gas utility. Provides that in a case in which such a utility requests a change in its rates based on its costs for fuel or gas, the utility consumer counselor or any party or intervenor in the proceeding may examine the books and records of any affiliate from which the utility purchases fuel or gas to determine the reasonableness of the cost of the fuel or gas. Provides that at the time of a quarterly or an annual examination of the records of an electric or a gas utility, the utility consumer counselor may also examine the records of an affiliate from which the utility purchases fuel or gas to determine the reasonableness of the cost of the fuel or gas. Allows the IURC, in ascribing revenue to a utility seeking a fuel or gas cost charge, to ignore any corporate distinction between the utility and an affiliate providing fuel or gas to the utility. Provides that a contract between an electric or a gas utility and an affiliate is not effective unless the IURC finds that the contract is in the public interest and the result of a transaction consistent with arm's length negotiations. Allows the IURC to adopt rules concerning certain transactions between electric or gas utilities and affiliates. Prohibits certain public utilities from providing certain subsidies to affiliates or unregulated activities.