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Senate Bill 0547


Senate Bill 0547

ARCHIVE (2007)

Latest Information

 

DIGEST OF INTRODUCED BILL


Utility rates and charges. Gives the utility regulatory commission (IURC) broader access to records of an affiliate of an electric or gas utility. Provides that in a case for a fuel or gas cost charge, the utility consumer counselor or any party or intervenor may examine the records of an affiliate from which a utility buys fuel or gas to determine the reasonableness of the cost. Provides that as part of the regular examination of a utility's records, the utility consumer counselor may also examine the records of an affiliate from which the utility buys 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 selling fuel or gas to the utility. Provides that a contract between a utility and an affiliate is not effective unless the IURC finds that the contract is in the public interest and the result of arm's length negotiations. Allows the IURC to adopt rules concerning certain transactions between utilities and affiliates. Prohibits a public utility that provides certain services from providing subsidies to its affiliates or for its unregulated activities. Requires an electric utility to report to the IURC any unplanned service interruptions that last at least two hours and affect at least : (1) 2% of the utility's customers; or (2) 1,500 customers; whichever is less. Requires the IURC to adopt rules establishing regular reporting intervals at which utilities must update the IURC on service restoration efforts. Provides that the reporting intervals for nonbusiness days must be at least as frequent as those for business days. Provides that the amount of a deposit charged to a potential or an existing customer by
    Current Status:
     In Committee - first House
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